Tag: Crypto
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The Ultimate Disintermediator of Financial Labor
Labour vs Capital has always had an interesting dynamic in economic theory. They are the two of the three main productive outputs of the economy, at least according to the Cobb-Douglas production function (the third being technology, or ‘total factor productivity’—TFP). In recent times, the dynamic has shifted. Labor’s share of income has fallen while…
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Abstracting Away Complexity: The Underappreciated Service in Financial Services
Most consumer-facing financial services firms (from banks to wealth management companies to insurance agents) perform the same service for their clientele. They compete primarily on this service day-after-day, it is heavily embedded in their corporate strategy decks and product roadmaps, and it sits quietly as the primary activity for frontline staff (tellers, financial advisors, and…
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In Praise of HODL: Creating Owners Out of Speculators
We Need More Owners Carta deserves our respect: their mission “to create more owners” is ambitious and subtly takes on the global challenge of income/wealth inequality. Credit unions are in the same boat: they are financial institutions owned by their members that (in some instances) return capital to their members each year in the form…
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Displacement, Not Replacement
#BankLoyalty is strong. Ask the average Baby Boomer how long they’ve had the same bank account with their primary financial institution and 56% will tell you more than 21 years. Call it loyalty, call it inertia. Whatever it is, it makes it incredibly hard for start-ups and new companies to build scalable businesses and bring…
Paper & Blocks 