Crypto's Appeal and the Rejection of Traditional Finance

  • 📰 hackernoon
  • ⏱ Reading Time:
  • 31 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 51%

Finance News

Crypto,Traditional Finance,Digital Economy

The motivations behind people's attraction to crypto and their rejection of traditional finance, as well as the negative attention it draws from regulators.

By its very nature, crypto attracts all walks of life. Participation in the digital economy, and enjoys representation. This makes sense when considering the motivations that lead people to take their value outside of traditional markets. The ongoing uncertainty and lack of accountability for TradFi’s bad actors continue to be sources of anxiety for retail customers. Bitcoin’s genesis block explicit mention of the failures that transpired following the 2008 global financial crisis.

From its onset, this skepticism and hope for a system that puts people ahead of privileged insiders was baked into crypto’s source code. registers across age demographics throughout the political spectrum best captures this mood through However, the response from early enthusiasts within the crypto space set a tone that eschewed most aspects of traditional finance, including the scant protections that existed. Unfortunately, such “ ” thinking continues to draw negative attention from regulators while re-establishing an individualist pecking order that remains an albatross for traditional financ

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 532. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines