Quote:
Originally Posted by Barry-xlovecam
Good for them. But Bitcoin Banking is an oxymoron.
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Not necessarily. The bitcoin network cannot sustain a rate of transactions comparable to the traditional fiat systems. There will eventually have to be bitcoin denominated checking accounts, debit cards, and credit cards. The block chain itself will be used primarily to settle debts between the major companies. This doesn't mean that bitcoin is of no use; even in this future I describe, it is a sound money that
anybody can afford to audit.