Below is a graph from Mother Jones showing the bank mergers that have taken place over the past several years. It's alarming that approx 10 institutions own more than 50% of the financial assets in the United States?
Among the super-powerful banks are Citigroup, JP Morgan Chase, Bank of America, and Wells Fargo.
Now that you're dabbling in cryptocurrency platforms like Steemit, does this change your outlook on your participation within the financial eco-system?
Can disruptive technologies like Steemit and other Blockchain application shift the balance of power?
Can these too large to fail banks be disrupted by other innovative Fintech start ups that are bringing peer-to-peer finance to the masses?
What do you think?
