Comment

Comment by adventured

> the dinosaurs of finance adopting it 10 years too late

The monoliths of finance will set the legislation that will determine everything about crypto-currencies in all major economies. And if their extreme political power isn't enough, they already by far own the most patents relating to blockchain tech.

Bitcoin + Ethereum = $58 billion.

JP Morgan = $330 billion. That's one "dinosaur" with $25 billion per year in net income.

The notion that they're dinosaurs and they're ten years late, is laughable. Along with all the other banks and central banks, they'll dictate the terms by which crypto-currencies will exist (the only alternative to being controlled by the banksters that control everything related to finance, is to remain a niche that never goes big / mainstream).

parent adventured 9 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton