Defi and Shadow Banking 2.0

A giant Bitcoin casts an ominous shadow over a traditional, columnated bank; dark clouds roil behind them. Image: Derrich (modified): https://commons.wikimedia.org/wiki/File:Mammatus-storm-clouds_San-Antonio.jpg CC BY-SA 3.0: https://creativecommons.org/licenses/by-sa/3.0/deed.en Ed Uthman (modified): https://www.flickr.com/photos/euthman/517012174/ CC BY-SA 2.0: https://creativecommons.org/licenses/by-sa/2.0/

14 year ago, the world’s financial system came to the brink of collapse. Central banks scrambled to react. Businesses shuttered. People lost their homes. Many governments fell. Faith in our institutions shattered. The Occupy movement was launched. So was Bitcoin.

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