- Modern banking is incompatible with modern ideals (i.e. decentralization, self-custody) and serves only a narrow client base. This model is shackled with flaws with the likes of KYC and circulating wealth among a few. DeFi revolutionizes modern banking while reshaping it to fit with modern ideals. https://medium.com/onomy-protocol/banking-explained-overview-frameworks-challenges-and-future-1204cd85d7a6 23 comments ethereum
Linked pages
- HSBC's Money Laundering Scandal https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx 114 comments
- How the world's first accountants counted on cuneiform - BBC News http://www.bbc.com/news/business-39870485 31 comments
- Apple (United Kingdom) http://www.apple.com/uk/?cid=oas-emeia-domains-apple.co.uk 11 comments
- What Are Flash Loans? The DeFi Lending Phenomenon Explained - Decrypt https://decrypt.co/resources/what-are-flash-loans-the-defi-lending-phenomenon-explained 9 comments
- Why Bitcoin Matters for Freedom | Time http://time.com/5486673/bitcoin-venezuela-authoritarian 8 comments
- https://warwick.ac.uk/fac/arts/english/currentstudents/undergraduate/modules/fulllist/special/statesofdamage/syllabus201516/graeber-debt_the_first_5000_years.pdf 4 comments
- Cryptocurrency Might be a Path to Authoritarianism - The Atlantic https://www.theatlantic.com/technology/archive/2017/05/blockchain-of-command/528543/ 3 comments
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