Cryptocurrency may be evolving into a shadow banking system
Cryptocurrency may be evolving into a shadow banking system
A recent study published by political scientists at Freie Universität Berlin, Christopher Olk and Louis Miebs, indicates that the global cryptocurrency system has been undergoing significant transformations. The crypto system, which was originally intended as an alternative to currencies that depend...
May be?
Right?
Like this was the conversation in the 90's - it was intended to be a shadow banking system (or more accurately, it's what many people at the time hoped it could be).
What crypto is right now is basically diametrically opposed to what the original creators intended.
Bitcoin was invented in 2008
It's more like a casino if you ask me. You place a bunch of potentially dirty money at the entrance, get your chips, either gamble them away, make it big or exchange them to clean money. Trump is literally using crypto to take bribes now, it might possibly be the one casino he won't run into the ground.
watttt
