What relevance does a financial historian have on crypto?

[jdarren]

I recently saw this article about financial historian Niall Ferguson join Ampleforth as one of their advisors.. what are your thoughts?

https://breakermag.com/financial-historian-niall-ferguson-dives-into-crypto/

[mrdeposit]

Most money today is in the form of bank deposits. Today there are three tiers of financial service that banks offer. The top tier is for the 0.1 percent and it’s the equivalent of a private jet, only cheaper. For the middle class there’s a bunch of long-established banks that offer the financial equivalent of an economy seat, only expensive. The banks make their money from these customers by over-charging them for services that should be much cheaper. And then there’s a huge class of people around the world who are outside the financial system and have to rely on cash, payday loans, et cetera. My hope is that we ultimately can replace this system with a universal payments system that treats everyone equally.

This quote is from interview. For a cashless society we currently have one alternative: Cryptocurrencies! Big companies should accept the facts before it was too late and adoption will help us to repair gaps that opened by traditional monetary system.

[oppo070]

I recently saw this article about financial historian Niall Ferguson join Ampleforth as one of their advisors.. what are your thoughts?

https://breakermag.com/financial-historian-niall-ferguson-dives-into-crypto/

Basically, based from history, future is created. Based from history, we can avoid our mistakes and do allot way more better than before. In that case, investors will be well aware of their faults so they can be much knowledgeable in where and when to invest which is good for projects especially ICOS.

[rmilly]

I think its pretty cool especially seeing how much he knows about the way money works in the past and sees a foreseeable future for it with a crypto project. I hope to see more interviews from both Niall and the team at Ampleforth to better understand what they do

[icalical]

Do you believe that history repeating itself? I believe it, and also it happened in the financial field. The Tulip Bubble, the Real Estate Bubble, and the DotCom bubble, they have the same pattern, and recently the Crypto Bubble. But Bubble does not mean a total fail. And then when a Financial Historian decided to join the crypto side, it is might the time for crypto to get back and raise.

[voztata]

I recently saw this article about financial historian Niall Ferguson join Ampleforth as one of their advisors.. what are your thoughts?

https://breakermag.com/financial-historian-niall-ferguson-dives-into-crypto/

It's a good thing that we have a financial historian in crypto because he/she already understand how money works, like how inflation was caused in the past and still being caused, he also know the important of having a inflation free community that why he decided to come in crypto in the first place. I always say and will continue to say that Bitcoin will replace fiat just as how post mail was replaced by email.

[OluwaTosin10]

For financial institutions you mean banks and yes they have a relevance to crupto currency

After getting altcoins from bounties, and trading them off to bitcoin and etherum
I need fiat obviously and would have to sell my bitcoin for fiat using several options like xch4nge coinbase etc

[leea-1334]

At first glance, there is no relevance. Because at the fundamental aspects,,, crypto is completely different from fiat as a monetary system. But that was the era of Bitcoin.

Now we have tokens, centralized and issued by companies (think of Ripple) and we even have stablecoins,,, and such things as securities tokens now.

So, all these forms of crypto are basically having the same principles of financial management as fiat. Therefore, expertise from financial historians make sense for them.

[jdarren]

At first glance, there is no relevance. Because at the fundamental aspects,,, crypto is completely different from fiat as a monetary system. But that was the era of Bitcoin.

Now we have tokens, centralized and issued by companies (think of Ripple) and we even have stablecoins,,, and such things as securities tokens now.

So, all these forms of crypto are basically having the same principles of financial management as fiat. Therefore, expertise from financial historians make sense for them.

I agree, you couldn't have said it much better. What are your thoughts on the Ampleforth protocol and why a historian would want to join them in the first place?

[hellyah070]

I recently saw this article about financial historian Niall Ferguson join Ampleforth as one of their advisors.. what are your thoughts?

https://breakermag.com/financial-historian-niall-ferguson-dives-into-crypto/

Maybe he know what the currency is before, and through that analysis, he/she can infer some information that might help the cryptocurrency reach its success. Like the exchange on how gold and money is, comparable to bitcoin acting as a gold here on cryptocurrency space.