Re:Bitcoin Technology Piques Interest on Wall Street
by tcbawo on Saturday August 29, 2015 @03:26PM
(#10141088)
This has been posted here before, but many financial firms are interested in a block chain concept (not necessarily bitcoin) for processing settlements.
I imagine it will be the same clearing houses and broker-dealers of today, except that counter-party risk is reduced.
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Re:Bitcoin Technology Piques Interest on Wall Street
by brighton36 on Saturday August 29, 2015 @05:59PM
(#10141472)
The only efficiency that blockchains offer is making KYC and regulatory encumberances redundant. In every other way, blockchains are inferior to incumbent systems. What will likely happen is that the regulatory hurdles that make incumbent systems inefficient will be reduced a bit, under the pretense that doing so is better compromise than using the alternative (bitcoin).