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But trust is necessary for the society to run efficiently. High-trust environments are more efficient. Technically, we can read the banks' financial reports, t
by raincole 1y ago
But trust is necessary for the society to run efficiently. High-trust environments are more efficient.
Technically, we can read the banks' financial reports, the executives' background checks, the video recordings of their gold reserves... to decide which banks are less likely to run away with your money. But no one wants to live in such a place.
- throwaway48476 1y agoAll the reports and checks are worthless ina low trust society because they are equally as corruptable. It's like the blockchain people trying to push blockchain for inventory management.