Crypto finance is no different than regular finance. Same products, same mechanisms within those products, etc just without any regulation. And now people are starting to understand why regulations exist.
The difference is that traditional finance is usually riddled with regulations and legal potholes to find yourself in if you don't follow rules, whereas in crypto the rules consist of whatever validation SBF's excel sheet had.
crypto *is* traditional finance. whenever humans transact with each other, we reify the behavioral mechanisms which define us as a species. we cannot help but create economies, to trade and transact. all finance is "traditional" finance until our biology changes and new emergent dynamics and equilibriums establish themselves. however thermodynamics, statistics and other math might also have a lot to say on the matter.
there is no such thing as traditional finance, just finance.
Yes, hence the entire crypto fad is a mass delusion built on lies. It’s regulated like a security, hence you’re not going to be able to use it like currency. Ever.
Right but in “regular finance” you generally have a regulator who will slap you around if you advertise a product which promises 10% per year guaranteed. There are unregulated (or less regulated) things like hedge funds, but at that point you’re clearly in a fairly niche market that most people cannot participate in.
Traditional finance can be weird, but it is nothing like the Wild West that is crypto.
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