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> Specifically they don’t understand why it is the way it is. It didn’t just magically appear this way full of obvious flaws. It grew over thousands of years T

> Specifically they don’t understand why it is the way it is. It didn’t just magically appear this way full of obvious flaws. It grew over thousands of years That's just an argument in defense of status quo. It's actually pretty common for industry outsiders to disrupt old industries. Think Uber/Airbnb/Facebook/Tesla, etc. Thousand year old industries get disrupted all the time.

fortuna86 4y ago
> Thousand year old industries get disrupted all the time. They really don't. The fundamentals of banking as an industry haven't changed in hundreds if not thousands of years. Real estate, etc.
- olalonde 4y ago
  Up until few years ago, banking required trust. That's a pretty big fundamental.
  - fortuna86 4y ago
    Still does. Disintermediation is a myth, you always need a middle man.