The Unbanking Of America: The Book Every Crypto Person Should Read After The Bitcoin White Paper | Ep 27⚖️
Alex and Emily's book-club edition of Trust Issues on The Unbanking of America by Lisa Servon — the book Alex thinks every crypto person should read immediately after the Bitcoin white paper. Servon spent time actually working at a check cashing spot and a payday-loan storefront to document what banking looks like from the outside of banking. Her core reframe: payday loans and check cashing aren't the same product — check cashing is a predictable flat fee that beats overdraft-fee-riddled traditional banking for the growing class of people banks have priced out.
The history walk: pre-1970s…
The skinny
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