Another motive the Thiel mannequin merely is unnecessary for retail finance is that it’s structurally unimaginable to construct the sort of “moat” that may, at the very least, hold a crappy enterprise like Uber limping alongside. An enormous factor of finance, actually for retail depositors but in addition extra typically, is that you really want your deposits to be as liquid as doable. To entice deposits in the first place, clients should be satisfied it will likely be straightforward to withdraw … and probably deposit their cash elsewhere. This makes banking a essentially very, very robust enterprise to monopolize in even a slightly free market.