I like how Matt Levine at Bloomberg put it - crypto is just “speedrunning the history of [traditional] finance”.
I think a lot of people seem to believe that the current setup of banks, currency, and regulation (writ large) is arbitrary and unique, but a lot of the basic building blocks are actually quite natural consequences of evergreen problems handling money.
I think a lot of people seem to believe that the current setup of banks, currency, and regulation (writ large) is arbitrary and unique, but a lot of the basic building blocks are actually quite natural consequences of evergreen problems handling money.