00:00 Speaker A

Transparency also cuts both ways.

00:02 Speaker A

Verifying financial information can be valuable.

00:05 Speaker A

Exposing someone’s identifiable financial activity can be dangerous.

00:09 Speaker A

Privacy and limits on control need to be part of the design, not an apology after the system is built.

00:15 Speaker A

Now, this is where I could give you the dramatic version. We wanted financial freedom and accidentally handed Wall Street a more powerful weapon.

00:23 Speaker A

That would probably make a great clip. I do not think it is an honest description of the whole opportunity.

00:28 Speaker A

Institutions making money does not automatically…