Banker and DeFi
- Jon Cunliffe gave a speech and talked about the collapse of bitcoin exchange FTX.
- The British banker says the bitcoin ecosystem is "not stable".
Once again thanks to the guys at cryptocurrency news who bring us the best information on a daily basis, and once again a new post related to CBDC. That a banker says that the crypto ecosystem is not stable is to laugh and take it as a joke, since every economic system has its leak, and the "legal" as we know it does not present any salvation.
It is obvious that the hegemonic banks and systems that already expire not only by age but by the lack of clarity of the facts over the years, give a more solid step to the implementation of cryptocurrency in countries around the world, the system that contemplates the Blockchain, that is where you have to aim, decentralized does not exist in the bank, since if you need to ask for money, the bank does not give you one of them, but the same turns on a bicycle without stopping between investors, lenders, creditors and those who request them, it is also a whim to judge the cryptos as if there were never bank robberies (from the inside), there will always be and will exist but it does not mean the unsoundness of the project.
Many contradictions arrive to the bankers against bitcoin, it remains to keep fighting to show the world that we are already in the near future to an abrupt change in the global financial economy, I think it's time to open up and be prepared to the new learning that comes from the new and obviously not denied problems that this entails, but nothing is achieved if it is not working.
"From the point of view of a financial stability authority and a financial regulator, I have yet to be convinced that the risks inherent in finance can be effectively managed in this way. That scepticism is all the greater if the activity in question is the buying and selling, lending, etc. of super-volatile assets with no intrinsic value".
-Deputy Governor of the Central Bank of England, Jon Cunliffe.
There are risks and in the whole economy itself, to deny this is to deny that where there are risks there is money, risks must always be taken, as the saying goes "he who does not risk does not win" well, it is time to take a step forward facing the same people who do not want bitcoin or a new financial system.
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