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korrents.com
Banks cannot globalize like software companies because banking is tightly bound to national monetary sovereignty.Their words
banks can't globalize the way other firms can because the banking system is so close to a form of sovereignty: governments very carefully guard the privilege to create more money, and when they give it out, there are strings attached.
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11 March
From one piece Fractional Reserve Banking 101 2 beliefs, in the piece's order there
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Their words
Another way of putting it is that a collection of dozens of solvent well-run banks can still be broken as a group if they become greatly overleveraged compared to how many depositors want their money back at once.
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korrents.com
Fractional reserve banks are structurally interconnected and unstable in a way most other industries are not.Their words
That's due to the fractional reserve structure of banks. They're unstable and reliant on each other by design, more closely than companies in most other industries.
28 December 2025
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Likedrcmnd.app
The Player of GamesTheir words
The Player of Games by Ian M. Banks is about a champion board-game player who gets roped into an espionage operation infiltrating an alien culture where political power is determined by the outcome of a uniquely complex strategy game. Set in a far-future human civilization run by a constellation of (mostly) benevolent and inscrutable AIs, Banks's science fiction is more relevant than ever.
6 September 2025
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Likedrcmnd.app
Starling BankTheir words
Starling Bank is one of the big challenger banks here in the UK. The app is easy-to-use, and it automatically syncs my transactions into FreeAgent.
13 August 2025
From one piece Open Banking and payments competition 3 beliefs, in the piece's order there
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Their words
Almost all discussions of it center on “data”, but it’s actually a fight about payments, and whether banks have a right to monopolize and charge for all economic activity their users engage in, irrespective of whether the bank operates the payment method.
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korrents.com
Letting banks ruin the economics of businesses they dislike by demand letter will inevitably be abused.Their words
We should not allow banks to get into the habit of sending demand letters to ruin the economics of businesses they simply do not like.
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korrents.com
Having banked almost everyone does not entitle banks to a fee on every transaction in society.Their words
We have made enormous strides, both from the financial industry and civil society, in banking almost everyone.
16 July 2025
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Their words
if you look at the history of banks from up until 2007, a lot of banks were earning 30% equity. Most of them went bankrupt. We never did that much. Okay, but in '08 and '09, we were fine, and they weren't.
6 July 2025
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Their words
If a new monetary network with its own unit (i.e. not pegged to an existing currency as a credit rail on top of it, but rather a fully parallel system to central banks) is going to bootstrap from zero to massive, it requires upward volatility.
9 December 2024
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Their words
We will explore some coordination mechanisms, which are overstated, and some correlation mechanisms, which are poorly understood.
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