I don't repost a whole of other peoples posts but this is a great read a very, very true. What I find funny is the banks are willing to spend billions and billions on their proprietary blockchains and coins to compete with public chains when history proves that venture will most likely fail. The truth is all they need to do to stay competitive is offer better yield, have reasonably priced custodial and on-boarding services. Actually supporting the public chains would make them money, instead they want to fight it and lose billions and billions.
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