Ben Gilbert: commitment

Transcript context

…The transactions themselves, in part because this was all architected in the 70s... That is definitely why. Lots of people in this ecosystem would love it if you could send entire receipts in machine readable form across this network. You can't. We're stuck with the lowest common denominator protocol that we're shipping very crude pieces of information across. I will say, there are other people that are participants in this ecosystem that are perfectly fine with it having almost no information or minimal information going across it. An example of which is the banks. The banks don't want to be sharing any of this information that could put them at a strategic disadvantage. Your bank knows your name, knows your social security number, knows your address. Visa, I'm running transactions across their network all the time. All it knows is my card number. It has no notion of identity. Isn't that crazy? I didn't realize that. Yeah, that is crazy.…

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