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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP is the same poster who asked 5 years ago if crypto would cause all banking to collapse; and if self-driving cars would cause the auto industry to collapse. How's that going?[/quote]

I work for a bank regulator.  Trust me when I say this, banks are worried!

https://www.bloomberg.com/news/articles/2026-05-15/crypto-s-win-on-landmark-legislation-reshapes-rivalry-with-banks[/quote]

But crypto has been around in a big way for 10+ years. Every year, we hear how it's going to take over the world, and it hasn't.

Yes, your link involves a potential US regulatory change, but other countries have always had looser rules. Some countries even adopted crypto as one of their official currencies (El Salvador). Yet, crypto has not done all these things people fear it will do, like get rid of banks; alleviate the need for USD/EUR/etc, and so on.

And how about self-driving cars? Just 5 years ago, people were saying maybe we won't even need to build houses with garages and driveways as we'll just summon a car on demand and it'll drive to us and drive us around. What happened to that?

In other words, every couple years, we hear about some "this will change everything" technology. Most do have some effect, especially at the fringes, but they have never really brought down major industries like higher ed, and I don't think they will now either.[/quote]

Crypto is still a novelty in the big picture. It will be gutted by the regulatory authorities as if it ever seriously threatens a major sovereign currency. It is pretty much illegal in China. Cause it could be used to flow money out of the country. People will both make and lose a lot of money but in the end it’s nothing of substance.[/quote]

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