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> the banking system is slow, expensive and cumbersome

I think you missed "profitable" from that list.

What I have understood that banking as in the money handling process is not that profitable. Keeping track of people account and allowing them to do transfers is not that great. Payment processing is better. But real money comes from gambling and offering gambling services... Also known as investing...

> But real money comes from gambling and offering gambling services... Also known as investing...

There's a huge gulf between a night at the poker tables, and buying into a little of MSFT's dividend, and it's really disengenuous to pretend they're the same.

Yes, in one scenario when you lose the money you move on. In the other, governments bail you out and you keep gambling.

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