Post
Topic
Board Economics
Re: Banks are the cause of millions of crypto project failures
by
retreat
on 05/12/2023, 07:02:02 UTC
Banks are the cause of millions of crypto project failures


Banks are the enemies of governments and the main actors in wasting government capital, Banks are fools who only increase their capital and people get poorer, Dollar competes only with Euro, Yuan, Yen etc whose market value is fixed the reason for this is bonds/bills and unsound financial structure ..


What nonsense is this, since when did banks become enemies of the government? and how is it a waste of government money? And it's true that banks continue to increase their capital, but what does that have to do with people getting poorer? I don't understand what you're saying anymore.


Quote
While on the other hand, the banks are not paying attention to the millions of cryptocurrency projects that have failed, It is surprising that banks only consider it necessary to prefer dollars against euros or fiat currencies against fiat like pound, yen, yuan or other currencies ..

Why also do banks need to pay attention to these scam projects? Isn't it the responsibility of the CEOs to be able to pay attention to their projects and arrange their own financing, why should banks pay attention to them?
There is also no benefit for banks paying attention to these half-baked projects because banks are also businesses and they need profit and clarity from the money they invest in a project. And since many crypto projects have no clear economics and are just following trends, there is no point in paying attention to them, especially as banks are restricted by regulations that do not allow them to deal with crypto.