Altcoins Talks - Cryptocurrency Forum

Further Discussions => General Discussion => Topic started by: ValueFirst on July 06, 2022, 12:11:49 AM

Title: All The things Banks Were - Crypto Was not meant to be
Post by: ValueFirst on July 06, 2022, 12:11:49 AM

Crypto was meant to be better, everything was meant to be transparent, verifiable, and permissionless to everybody; no blackbox. Yet in the bear market that is affecting both traditional banks, stocks and cryptos it is only crypto that is failing and depegging. How can this be

Today, I read an amazing piece by Robert Sharratt about what is wrong with crypto, and he hits it spot-on, I recommend you read it here - https://medium.com/@fluid_fi/b441cb62c265 (https://medium.com/@fluid_fi/b441cb62c265) .

In Summary, Robert concluded that just because it's on the blockchain doesn't mean it's a good business model; a bad idea, model or practice remains bad even on the blockchain. Then he made some predictions one of which is that Crypto will integrate seamlessly into the real world as banking databases transition to blockchain. And I can't agree less. If we can manage to keep bad-actors at bay long enough

Title: Re: All The things Banks Were - Crypto Was not meant to be
Post by: Egg_burger on July 06, 2022, 02:12:14 AM

Very informative article. Thanks for sharing!