Banks and their own Crypto currency is just putting lipstick on a pig.

I’m getting really frustrated and wanted to rant.

I hate seeing China, Wells Fargo and others as of late talking about making their own cryptocurrency. It literally does nothing to benefit the consumer. We already don’t trust banks, so then jazzing up their already crappy ledger system and calling it “crypto” means nothing.

I don’t even understand why they spend the time financing it, it’s literally no different than having a bank account and then managing the ledger. It is not trustless like bitcoin.

The concept is just dumb.

Screw banks.

Submitted September 20, 2019 at 03:28PM by TheCrownedPixel https://ift.tt/305TKhp