HomeEconomyBertil Bayart. "Kryptos....

Bertil Bayart. “Kryptos. Arsenic and Old Tricks”

In the summer of 2008, Axel Miller, then CEO of Dexia, a spinning juggling machine gun dealer, assured the financial health of his group by expertly telling the world of structured, enhanced, securitized, collateralized loans.

We didn’t understand one thing, but the man seemed to have mastered his subject, and wasn’t that the main thing? Axel Miller made his interlocutors dizzy to better make the change. six weeks later, Dexia was on the brink of bankruptcy.

You should never be intimidated by jargon. It is the magician’s weapon in business in general, finance in particular, and even more so in the world of crypto-assets.

Blockchain, tokens, protocols, stablecoins, stacks and returns, words – let’s not waste time offering translations – make this world seem incomprehensible.

However, it is quite simple. The mechanisms that led to the lightning rise and then the spectacular explosion…

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Source: Le Figaro

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