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I find this interesting as a technology, as a business process, and above all as a system for managing trust on a global scale across different jurisdictions. I
by gatestone 7d ago
I find this interesting as a technology, as a business process, and above all as a system for managing trust on a global scale across different jurisdictions. In a sense, the credit card system accomplishes something that even the UN, international law, Interpol and military mights cannot do: it enables individuals to enter into trustworthy global agreements with minimal effort and risk, and at very low transaction costs.
- carlosjobim 7d agoIt's simply incredible, when you look at it soberly - just as so many other things. But unfortunately many people have their minds in a spiritual prison and only know how to complain, without having any kind of perspective on the world.