This is the way! Retail banking has monetized customer inertia for decades with artificial friction. Agents will take that friction to zero by continuously optimizing capital. Consumer trust will be the big barrier to overcome but just as drivers went from cruise control to trusting FSD, consumers will inevitably feel comfortable with autonomous financial agents.

JasonYanowitz@JasonYanowitz7h ago

Fascinating. Chief Economist at Apollo: agents could cause a bank run by sweeping household cash into accounts paying 3-5% instead of the 0.1% national average, causing banks to lose a large share of their cheap deposits. https://t.co/h9jo4cSXcB