of Genesis Global Capital LLC last week marked the end of an era for crypto lenders that tried to bring the centuries-old business model of banking to the digital-currency space.
The full faith and backing of nothing is nothing.
Seems like crypto is the epitome of free market capitalism. People voluntarily put $ into something. Maybe they get value back out or not. Maybe the purveyors of a product are scammers. Maybe they aren't. Like Obamacare, you have to pass it to see what's in it.
The only ones that win in crypto are those that started it.
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Source: Cointelegraph - 🏆 562. / 51 Read more »