Szabo: Traditional Finance Destroyed its Tradition, Merit of Crypto Over Fiat56.25

According to blockchain, crypto, and smart contracts pioneer Nick Szabo, the traditional finance sector has destroyed its tradition and has implemented inappropriately complex policies to limit the public’s access to money.

“Traditional’ finance has destroyed its traditions in favor of naive experiments in digital centralization. Payment vendors now ask questions ludicrously irrelevant to the function of sending payments. Every year their ‘money’ degrades more into tools of political control.”

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