I understand that people don’t like cryptocurrency. I understand why people want financial services to be safe and regulated. I really, really do.

What I don’t understand is why people think the existing financial services industry is perfect and should be sheltered from all technical innovation.

In related news: the US ACH settlement system can’t process “same day payments” on weekends. It’s 2023. Why is everybody totally ok with this?
@matthew_d_green NPR has a really good podcast on the “automated” clearing house. Worth the listen! https://www.npr.org/sections/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy