29 Sep '15, 4pm

"Bitcoin is not a solution to banks' problems" ^^ wish more #bitcoin people understood and acc…

"Bitcoin is not a solution to banks' problems" ^^ wish more #bitcoin people understood and acc…

Some of that is understandable; for example, Bitcoin solves a set of problems for a niche group of individuals operating under certain security assumptions (e.g., cypherpunks not wanting to interface with banks or governments). Regulated financial institutions do not operate under those assumptions, thus axiomatically Bitcoin in its current form is highly unlikely to be a solution to their problems at this time. As a consequence, the technology solutions pitched by many of these startups are hammers looking for nails that do not exist in the off-chain world.

Full article: http://www.ofnumbers.com/2015/09/29/designing-a-global-fa...

Tweets

How Wall Street is embracing bitcoin

How Wall Street is embracing bitcoin

cnbc.com 30 Sep '15, 12pm

Bitcoin officially becomes a commodity Bitcoin will now be classified as a commodity in the U.S. according to the Commodit...

#bitcoin

#bitcoin

coindesk.com 29 Sep '15, 2pm

Distributed ledger startup R3CEV has added 13 new banking partners, bringing the total number of banks involved in its act...

Banks Embrace Bitcoin's Heart but Not Its Soul

Banks Embrace Bitcoin's Heart but Not Its Soul

googling.co 29 Sep '15, 3pm

Banks Embrace Bitcoin's Heart but Not Its Soul Adam Ludwin, a Chain cofounder and the company's CEO, expects the first suc...

RBC, TD join top banks in using bitcoin technol...

theglobeandmail.com 30 Sep '15, 1pm

Thirteen top banks, including Royal Bank of Canada and Toronto-Dominion Bank, have joined a consortium led by financial te...

What Would Happen if Bitcoin Was Accepted Globa...

insidebitcoins.com 26 Sep '15, 9pm

What, exactly, would happen if everyone just dropped the money they were using (USD, the euro, the yen, etc.) and resorted...

Entrepreneurs Explore Bitcoin's Future

Entrepreneurs Explore Bitcoin's Future

scientificamerican.com 30 Sep '15, 3pm

When the digital currency Bitcoin came to life in January 2009, it was noticed by almost no one apart from the handful of ...

Money20/20 In Las Vegas Oct. 25-28: Global Paym...

cryptocoinsnews.com 29 Sep '15, 7am

233 SHARES Twitter Linkedin Facebook Pinterest Google Reddit Bitcoin and digital currency will take center stage at Money2...

A solution to bitcoin’s governance problem

techcrunch.com 22 Sep '15, 3am

Matt Odell Crunch Network Contributor Matt Odell is a Bitcoin entrepreneur and co-founder/executive editor of CoinPrices.i...

Wall steet interest in bitcoin grows with ark f...

rentofhabitation.cf 27 Sep '15, 9pm

City of asheville committee openings _ mountain xpress - _traffic impacts from proposed nixon road developments getting cl...

With Bitcoin's Price Down, VCs Turning to Blockchain Technology

With Bitcoin's Price Down, VCs Turning to Block...

coindesk.com 28 Sep '15, 11am

The rising interest in use cases for bitcoin's underlying distributed ledger, the blockchain, is influencing the investmen...

A Solution To Bitcoin’s Governance Problem

techcrunch.com 21 Sep '15, 3pm

Matt Odell Crunch Network Contributor Matt Odell is a Bitcoin entrepreneur and co-founder/executive editor of CoinPrices.i...

A Solution To Bitcoin’s Governance Problem

techcrunch.com 21 Sep '15, 3pm

Matt Odell Crunch Network Contributor Matt Odell is a Bitcoin entrepreneur and co-founder/executive editor of CoinPrices.i...

Australian Regulators Investigating Banks for C...

bitcoinmagazine.com 28 Sep '15, 6am

The Australian Competition and Consumer Commission has confirmed the launch of a formal investigation about the abrupt ter...

#bitcoin

bitcoinmagazine.com 28 Sep '15, 5pm

Bank of America (BoA) has filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” ...

Bitcoin attracts people by a new degree of free...

monetary-credits.cf 26 Sep '15, 8am

monetary penalty World of finance is constantly changing… Within the framework of the internet development, new electronic...