Seeing all the panic in discussions about AI breaking into the crypto world,
here are a few things everyone should know: banks aren't protected by cryptography—they rely on the police and the military. In the distant past, banks operated just fine without electronic bookkeeping.
Hackers aren't trying to maximize profit; they're trying to maximize the profit-to-risk ratio.
If you steal 100 million either way, you can get away with it in crypto, but in traditional finance you'll face the full force of the state.
Which would you choose?
here are a few things everyone should know: banks aren't protected by cryptography—they rely on the police and the military. In the distant past, banks operated just fine without electronic bookkeeping.
Hackers aren't trying to maximize profit; they're trying to maximize the profit-to-risk ratio.
If you steal 100 million either way, you can get away with it in crypto, but in traditional finance you'll face the full force of the state.
Which would you choose?