Maybe we don't need any more ultra-creative capitalism, but better regulation and shared financial digital commons where interoperability is guaranteed by government mandate. The EU has been quite successful in making Eurozone cross-country banking just work for the ordinary consumer and small business.
After all money itself isn't the point, the business it enables is. Money should ideally get out of the way and not make you think about it, but crypto so far has taken the opposite approach where the money itself is everything and nothing is actually being traded.
1980s penny stocks. 1995-2005 Enron creative accounting. 2008 subprime mortgages. 2017-21 crypto ICOs and DeFi.
Maybe we don't need any more ultra-creative capitalism, but better regulation and shared financial digital commons where interoperability is guaranteed by government mandate. The EU has been quite successful in making Eurozone cross-country banking just work for the ordinary consumer and small business.
After all money itself isn't the point, the business it enables is. Money should ideally get out of the way and not make you think about it, but crypto so far has taken the opposite approach where the money itself is everything and nothing is actually being traded.