3 ms·

> the banking system is slow, expensive and cumbersome I think you missed "profitable" from that list.

• Ekaros 1y ago
  What I have understood that banking as in the money handling process is not that profitable. Keeping track of people account and allowing them to do transfers is not that great. Payment processing is better. But real money comes from gambling and offering gambling services... Also known as investing...
  • nilamo 1y ago
    > But real money comes from gambling and offering gambling services... Also known as investing... There's a huge gulf between a night at the poker tables, and buying into a little of MSFT's dividend, and it's really disengenuous to pretend they're the same.
    • Tryk 1y ago
      Yes, in one scenario when you lose the money you move on. In the other, governments bail you out and you keep gambling.