published by adam on Thu, 09/01/2011 - 15:34
I'm optimistic about the efficiency gains coming from direct P2P entering the finance market, and with some skeptical reservation believe that this is where finance is heading generally---disintermediation can be a beautiful thing for market efficiency and participatory transparency. As a survey: sites like Lendingclub and Prosper have gone far already in establishing the market for P2P credit. Kiva and Grameen have done impressive things for P2P donation and microcredit models, and Kickstarter has been exceptional in artistic donation services. Rather than waiting for banking institutions to evaluate the profitability of their ideas or causes, individuals are gaining increasing access to funding the opportunities they support, on terms they define themselves.
