Let Them Fail

An Introduction to Massively Distributed Finance or "Cloud Banking"

Nick Farr

Playlists: 'sigint09' videos starting here / related events

In a truly free market, no institution or government can ever become too large to fail. This talk looks at what might happen if there were no bailouts, rescue packages, guarantees or other political consideration paid to large entities. What would the world look like if there were no for-profit banks? The technology and legal structure exists to let us all be our own consumers, producers and investors, making our own informed financial decisions and consuming locally produced products and services.