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miki123211last Friday at 11:08 PM1 replyview on HN

Ultimately, "financial services" is what's downstream of insurance, banking (deposits / money transfers), loans and retirement savings. Also efficient capital allocation and the provision of government services to some extend. Those are things we want, and we want those things to work well.


Replies

fspeechyesterday at 4:01 AM

Yes but it is the overhead. Higher overhead doesn't suggest efficiency.