I've always liked this analogy because it accidentally implies something I believe to be true - the crypto industry will eventually overtake transitional finance while moving at great speed. It says a lot about how bad the traditional finance industry is that this is the easiest path forward that the market found.
> I've always liked this analogy because it accidentally implies something I believe to be true - the crypto industry will eventually overtake transitional finance while moving at great speed.
It isn't implying that. It is implying that it will end up at the same place as the traditional finance.
> It says a lot about how bad the traditional finance
What is so bad about traditional finance that crypto fixes?
"Bad money drives out good" because when they have both, people will prefer paying (getting rid of) the bad while keeping the good for themselves. That has nothing to do with what's happening with cryptocurrency.
