Mastodawn

Matthew Green Feb 14, 2023

I understand that people don’t like cryptocurrency. I understand why people want financial services to be safe and regulated. I really, really do.

What I don’t understand is why people think the existing financial services industry is perfect and should be sheltered from all technical innovation.

Show thread

Mark Atwood

@matthew_d_green FWIW, i 100% share the belief that the existing financial services infrastructure has taken the "regulated for safety" and abused it to mean "safe from improvement, safe from customers, safe from having to do anything different other than collect our cut". And the people running the existing fin infra are the literally worst people, making the drug cartels looks better in comparison.