> By definition, a lot of the projects on Ethereum are a LOT more transparent than the traditional finance world
The important stuff is not transparent. For example, how do you know that Tether is backed by real USD? That Binance isn’t manipulating prices via wash trades? That the promises made about various coins are being upheld? etc.
The important stuff is not transparent. For example, how do you know that Tether is backed by real USD? That Binance isn’t manipulating prices via wash trades? That the promises made about various coins are being upheld? etc.
Crypto is reliving the era of https://en.wikipedia.org/wiki/Wildcat_banking
> With most of the traditional finance world, it's all very grey and hidden
What specifically are you referring to with “traditional finance”?