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Think you are overlooking the role of bankers here. Once upon a time the primary role of banks was to facilitate commerce in numerous ways, but now it appears
by evangineer 15y ago
Think you are overlooking the role of bankers here. Once upon a time the primary role of banks was to facilitate commerce in numerous ways, but now it appears that rather than support trade, finance is all too often a means to maximize returns to bankers regardless of the wider impact on depositors, clients and the economy.
- etherael 15y agoI'm curious how you think I'm overlooking that? I agree completely, that's part of why I think that an idea like this is so disruptive. Because it's ground floor disruptive to one of the most inefficient and high return industries in the world; finance.