> But delayed NEAs cashed out at 18%, and at even more significant rates where social ties were stronger (e.g., dorms). One possible explanation that immediate

> But delayed NEAs cashed out at 18%, and at even more significant rates where social ties were stronger (e.g., dorms). One possible explanation that immediately came to my mind was that these "delayed NEAs" were thinking something along the lines of "we were promised an instantaneous peer-to-peer payments system, but it was not instantaneous at all; screw this, it is obviously broken" and got out for this reason. There is no detail in the press release about what explanation for the delay was given. It's hard to judge people's motivation without that. > exclusivity The press release tries to make this about exclusivity, but I don't see how their far-reaching guesses follow from the data.