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Shockingly, FT continues to be hostile towards BTC: “Bitcoin cannot replace the banks”

Shockingly, FT continues to be hostile towards BTC: “Bitcoin cannot replace the banks”



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  1. Apologies to those who can’t get around the paywall.

    TL; DR FT journalist thinks the crypto community doesn’t understand banking, proceeds to describe exactly the problem crypto in general is meant to solve, then deliberately misunderstands DeFi so he can yell at BTC.

  2. Banks don’t create money anymore. They create DEBT. I assume everyone has seen the docu ‘Money as Debt’, for those who haven’t I can recommend it, it’s freely available on youtube.

  3. Is it fear the one I smell? Good…

    I don’t mind be the first one closing down all my bank accounts once the circular economy is more robust.

    I have zero love for banks, may them all rot in hell, which is the place where they belong being all corrupt.

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