Comment by eek2121
2 days ago
The solution to this is so simple that it would blow your mind. In regulated industries in the U.S. there is a law called "Know Your Customer" (KYC). If businesses actually made an effort to know their customers, they would not have any issues at all.
The real issue is that everyone scrambles to make a sale, and nobody stops to determine if they should actually make that sale. Funny enough, I blame all of this on marketing and sales.
I wonder if this could be pitched as a money-making scheme. As you have financial products that aren't for sale but to qualified buyers...
Force businesses to only sell to qualified buyers and make it incredibly easy for businesses to qualify buyers at the lowest possible cost. The end result in my fantasy world is that a business ends up with some document, some self attestation, that they've educated the customer. The benefit that actually matters much more than the attestation no one should ever see would be the educated customer.
Clearly, this is way too much just for a little storage.
But I also would be curious to know if there's another customer qualification concept like this. (And I just thought of one. Scuba diving! Customer pays to learn, otherwise you're in deep (reputational) doodoo when they drown.)