RE: Are Bank Schemes Applicable To Sophisticated Crypto Models?
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Crypto is basically re-running the traditional financial system but fast forwarded. It goes by fast and it also takes different end-points. So I am not surprised that some of them are trying to take control of the fiat layer. I don't think they can touch the internal parts that much but we need applications that will attract people. once that happens, the centralized entities will slowly crumble.
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I think we have people who are trying to taint the crypto model, using Centralized exchanges. Regulators might begin to a flaw in the system and I think this might make it difficult for us to garner adoption. But you're right, we need the right applications
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