Re:Solend seized $170M of user funds
by peyton on Sunday June 19, 2022 @08:37PM
(#31804987)
If you look at the history of finance, all it takes is some better notion of credit. If I can get a better deal using one system over another, that’s what I’ll do. I don’t care how many millions of people are employed offering thousands of niche services by the system I don’t choose.
[ Parent
| on HN ]
Hasn’t the current system of banks and paper currency basically been the financial system of chose since the 1700s? I see additions to financial systems, not total replacements.
Crypto is trying to replace banks and modern finance, correct?