How much money laundering & tax evasion should we accept in order to enable low-friction transactions? I suspect neither extreme is optimal.
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@numist Getting a (cheap) smartphone is much easier than getting a bank account for those below some not-even-that-low wealth threshold.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@numist Ditto for businesses. Have to file a bunch of paperwork and pay $$$ first.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart: At present, no other way to move money without moving paper. Setup may be heavy, but you asked for low transaction friction.Thanks. Twitter will use this to make your timeline better. UndoUndo
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