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My mental model of the blockchain industry is akin to FTXs balance sheet.

I see an endless string of branded code servicing similar technologies, but where are the customer inputs putting in the billions needed to support the industry? Is blockchain liquidating crypto valuations into developer salaries with a VC subsidy?

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Is banking liquidating bank account funds into banker salaries? Sry for being the advocate of the devil and I am by no means a crypto fan

Banks are the medium for money created by the government to reach the economy. So perhaps one can say banker salaries are the vig on inflation.

They take a cut on every loan that is successful, they don't take those fees from bank account balances, the borrower is ultimately paying for it.

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