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It's not that hard to imagine what will be like if there's no financial institution and corporate lawyers. The first is that the dollar you own will not be real
by nichtich 13y ago
It's not that hard to imagine what will be like if there's no financial institution and corporate lawyers. The first is that the dollar you own will not be real money -- we have to go back to gold standard (even this requires certain level of financial institution to support). Also, say good by to bond and stock, or mortgage or student loan. or cheap airline tickets.
I always find it like magic that you can just give somebody some money and then receive some bits of information that claims you own X% of certain company, without the need to actually know anything about said company(although it's not recommended to do so). Just think about if you have to design a system that can align other people's interest so they work for you WITHOUT you actively managing anything. How can it be possible?