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    Lugh@futurology.todayM to Futurology@futurology.todayEnglish · 2 months ago

    Cryptocurrency may be evolving into a shadow banking system

    phys.org

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    Cryptocurrency may be evolving into a shadow banking system

    phys.org

    Lugh@futurology.todayM to Futurology@futurology.todayEnglish · 2 months ago
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    • DominusOfMegadeus@sh.itjust.works
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      2 months ago

    • banghida@lemm.ee
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      2 months ago

      May be?

      • Onomatopoeia@lemmy.cafe
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        2 months ago

        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).

        • Kyrgizion@lemmy.world
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          2 months ago

          What crypto is right now is basically diametrically opposed to what the original creators intended.

        • StellarExtract@lemm.ee
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          2 months ago

          Bitcoin was invented in 2008

    • RedSnt 👓♂️🖥️@feddit.dk
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      2 months ago

      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.

    • porthos@startrek.website
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      2 months ago

      watttt

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