Re:People don't want to run their own bank
by josefrichter on Friday February 04, 2022 @08:14AM
(#30206380)
Very well said. The more centralized "layers of abstraction" will be built, no question about that. Smaller, more specialized, more efficient institutions. For example, the US has a long tradition of small Credit Unions – that's fairly similar in principle to some of the DAOs popping up these days.
[ Parent
| on HN ]
I disagree that anything crypto-related is similar to https://en.wikipedia.org/wiki/Credit_union (or even useful, for that matter), but yeah, if you want to run your own bank, credit union is IMHO as decentralized as it can ever be.