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0 sats \ 0 replies \ @Hermit 13 Nov 2022 \ on: "Crypto" had invented a new type of banking for the worse bitcoin
To me you are describing centrals banks. I will call it better "Privatization of the Central Bank System".
Everybody creating copies of Bitcoin for personal profits was already predicted in the original Bitcoin forum in 2010, probably they didn't expected to reach this scale, though.
These are written crisis that we need to pass on the way to HyperBitconization.
After this one will be the crisis of the stablecoins and then CBDC crisis. No problem, it will stop.