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Charles Hoskinson, the inventor of the Cardano network, sees cryptocurrencies and a decentralized financial system as the “antidote” for “a broken financial system”.
In a video published on Saturday, Cardano founder Hoskinson announced his view of the future of the global financial system. He did not mince words:
Video: Charles Hoskinson - Thoughts on the Market and the Ecosystem
“There is no going back. You can’t change that, you can’t put the spirit back in the bottle. The central banks will go away. It’ll just happen. The conventional old banks will disappear. These payment methods, which are so nepotistic, corrupt, and slow."
Hoskinson does not want to recognize risks in the crypto industry. Rather, criticism is always driven purely by interests.
“In the next 10 years, there will be more advances in monetary policy in our industry than in the last 100 years of central banks.”
Of course, the “corrupt financial system” has no interest in change. But that could no longer be prevented. Because too many people were already dealing with crypto technologies. The markets are too big, the pace of innovation too high. Nobody can stop that.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Article shared from Disclose.tv
