Thought some of ya'll might find this interesting.
"Fundamentally, we wonder whether a payment method designed to function where trust in institutions is completely absent can ever be as convenient as one where trust is required, but also already exists,”
Right. There is a reason I don't have a bank account, and that is because Citi defrauded me, and I was without recourse. I have no trust in banks. I don't think I should. I'm not alone, and I am unable to count the examples of fraud and swindles banksters have confessed to, or been convicted of, not to mention the many they have got away with, like TARP.
Do you trust banks?
