Cost Decentralization Merton Operations 
Harvard Business Review
NOVEMBER 29, 2010
You might say that a radically decentralized, p2p financial system spontaneously arose. But perhaps the costs have risen, too. Instead of letting the bankers' strike collapse their prosperity, people decided, simply, that they could get on with the day-to-day stuff of banking themselves.
Harvard Business Review
NOVEMBER 29, 2010
You might say that a radically decentralized, p2p financial system spontaneously arose. But perhaps the costs have risen, too. You might say that a radically decentralized, p2p financial system spontaneously arose. But perhaps the costs have risen, too.
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