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The Counter Pen

Part of a collection of essays on TRUST by @futurepaul

Itโ€™s only โ€œtrustโ€ if it comes from the โ€œthis could actually harm me if you break my trustโ€ region of France, otherwise itโ€™s just sparkling eye-for-an-eye.

The counter pen is an invention originally marketed to banks, and most associated with banks. Itโ€™s a perfect symbol of how banks โ€œtrustโ€ people. Which is to say, they donโ€™t actually trust people. A pen chained to a desk. Feel free to write with the pen! But try and walk away with the pen and youโ€™ll discover the catch.

For banks, trust is a numbers game. If I hand out money to enough people, with good enough selection criteria and strong enough enforcement mechanisms, I should profit. Quantifiable risk is a very different flavor of trust.

Posted Oct 1, 2022