> Gentlemen!  Are phoney, baloney jobs are on the line
> harrumph, harrumph, harrumph, harrumph...

Wall street used to make money by skimming a percentage.
(and that was bad.  For that, they should be replaced by block-chain smart contracts)

But now, they make most of their money buy packaging up risk and selling it to their clients.  In fact, selling bags of shit (that can't be opened, so no one really knows they are bags of shit)

smart contracts will end derivatives.  Most derivatives are just sold and resold, because no one is going to pay a team of lawyers and accounts to settle the contracts. But, a smart contract would have settled all these derivatives, completely transparently, on their due date. (or market signal)

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Block-chain is coming for you next insurance companies!