Here’s How Bitcoin’s Two-Tier Economy Works (and What Might Impact It’s Future)

Photo by Tomasz Frankowski on Unsplash

In 2008, the Global Financial Crisis and subsequent bailouts fostered an wave of mistrust and resentment towards Wall St and the wider financial system.

Many people felt the moral hazard, the idea that overleveraged institutions could be bailed out by governments for reckless lending, meant the system needed a fundamental rethink.