![JakFungujeBitcoin [BTC+LTC]](https://pbs.twimg.com/profile_images/679664879746347008/qdq1i2ur_normal.png)
@NickSzabo4 @pmarca the return on equity is too low to attract disruptors. The best bank JP Morgan has 10% ROE on $245B in equity.
Biggest reason traditional finance is stuck inside national silos: it depends on governments for its security.https://twitter.com/TheHackersNews/status/664140326102245378 …
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@NickSzabo4@pmarca And biggest reason it's staying there. Nation-states claim exclusive jurisdiction over every person and sq km on Earth.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NickSzabo4 And governments depend on traditional central banks for solvency, so the circle is complete.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NickSzabo4 Proofs the dangerous symbiotic relation of government and banks.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@TheHackersNews There are multiple constraints that create monetary silos: geo-political, legal, and technical.Thanks. Twitter will use this to make your timeline better. UndoUndo
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