3 ms·
fixing the monetary system - how about that for ambitious ;_)
by utunga 15y ago
fixing the monetary system - how about that for ambitious ;_)
- michael_fine 15y agoWhat's wrong with the monetary system?
- samstave 15y agoThe Fed, Central Banks, IMF, Fiat based.
- michael_fine 15y agoAny proposals on how a startup can fix that?
- paulsutter 15y agoBanks are broken today. They're more focused on reordering transactions to maximize fees than they are at "connecting customers that have capital deficits to customers with capital surpluses" (thanks wikipedia). There are dozens of opportunities replacing the way that banking, credit cards, and insurance operate. Jeremy Liew's piece in Pando Daily is a good place to start: http://pandodaily.com/2012/02/27/big-data-machine-learning-scared-banks/ http://pandodaily.com/2012/02/27/big-data-machine-learning-s...