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A comment on Big Banks Explore Venturing into Crypto World Together with Joint Stablecoin. Parent comment

Re:Big Banks Explore Venturing into Crypto World Together wi... by logifail on Monday May 26, 2025 @08:26AM (#44096795)
> the banking system is slow, expensive and cumbersome

I think you missed "profitable" from that list.

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Re:Big Banks Explore Venturing into Crypto World Together wi... by Ekaros on Monday May 26, 2025 @08:45AM (#44096951)
What I have understood that banking as in the money handling process is not that profitable. Keeping track of people account and allowing them to do transfers is not that great. Payment processing is better. But real money comes from gambling and offering gambling services... Also known as investing...
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Re:Big Banks Explore Venturing into Crypto World Together wi... by nilamo on Monday May 26, 2025 @10:28AM (#44097745)
> But real money comes from gambling and offering gambling services... Also known as investing...

There's a huge gulf between a night at the poker tables, and buying into a little of MSFT's dividend, and it's really disengenuous to pretend they're the same.

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Re:Big Banks Explore Venturing into Crypto World Together wi... by Tryk on Monday May 26, 2025 @11:01AM (#44098105)
Yes, in one scenario when you lose the money you move on. In the other, governments bail you out and you keep gambling.
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