Episode 3: Banks going to Zero?

Episode 3: Banks going to Zero?

Welcome to Point of More Returns. In episode 3, we discuss the future state of banking. Are bank stocks going to zero? Are we moving to a cashless society? Will the defi trend continue? Are the other currency types here to stay? 

 

Initial thoughts on the current state of the US Banking industry – 1:15

Specific pressures that the banks are facing  –  2:35

3 categories of banking: Payments, Investing, Lending – 3:30 

Recent experience getting a bank loan for a transaction  – 5:22

Future state of banking in the next 5 to 10 years – 7:35 

Lending is being revolutionized (web3, smart contracts) – 7:57

Banks going to zero? – 10:29

What does “going to zero” mean? – 11:16

Argument banks are not going to zero – 14:27

Smart contracts – 19:10

Alternative products – 25:54

Timing argument of banks going to zero – 27:19

Pace of banking’s decline – 28:27