Re:Tether is “too big to fail” – the entire crypto industry ...
by bawolff on Monday December 14, 2020 @03:31AM
(#25414744)
Sure, the past was different. However we are in the present.
CryptoAG doesn't even exist anymore.
As far as RSA goes, look at their website https://www.rsa.com : it is all about risk management and compliance. Yes its an information security company, but is the modern version a crypto company? It doesn't look like it from their website.
I don't mean to suggest that there are literally no crypto companies, that is certainly not true, but it doesn't seem to be a unified industry by any means.
Re:Tether is “too big to fail” – the entire crypto industry ...
by acdha on Monday December 14, 2020 @08:11AM
(#25417068)
To the extent that it’s not an industry that’s because it by became part of the larger computer industry as everyone started needing it. If cryptocurrency proponents are lucky, the same will be true subsuming into the financial industry; if not, nobody will remember it except as an odd curiosity a few decades ago.
Re:Tether is “too big to fail” – the entire crypto industry ...
by bawolff on Monday December 14, 2020 @03:03PM
(#25422477)
Right, but that is kind of my point - the headline was clear in context it wasn't referring to the cryptography industry, because a separate cryptography industry doesn't really exist anymore.
https://en.wikipedia.org/wiki/Crypto_AG
Cryptocurrency has had a huge VC bubble attracting attention to it but that’s mostly a marketing play which I suspect will age as well as “cyber”. The surviving companies will be finance companies, since everyone uses cryptography.