On: How to become a bank (2016)

[rb808]

How does it feel though when any competitor can also create a new bank easily?

[tixocloud → rb808]

Creation of new banks is only just the beginning. It takes a good while to ramp up on trust. When you consider the enormous customer bases and monetary volumes of large banks, you will see that there is enough of the pie for everyone to be successful.

[simonebrunozzi → tixocloud]

That's true. Creating trust is a slow process. You can't simply buy a marble quarry to speed it up :) (not sure if it's easy to catch my reference)