It can be grift and censorship resistant at the same time. The free market embraces not only JIT, but many other distressing tactics that only just work.

I suspect, if they can stay ahead of the regulators, we'll be looking back at services like this in 20 years and note:

1. Riddled with scams and fraud.

2. Better overall results than the well regulated banks. The banks tend to rely on regular bailouts to maintain the illusion of competence, and don't fund a lot of ideas that would be good.