Re:Visa confirms Coinbase wasn’t at fault for overcharging u...
by beefield on Sunday February 18, 2018 @10:46AM
(#16406546)
> I'd rather expect banks to offer cryptocurrency accounts
Yes. And then I expect that someone figures out that it is not actually necessary to transfer my crypto to my coffee vendor for cup of coffee, but as we both trust the bank, we just tell the bank to move some crypto from my account to the coffee vendor's account.
Then, I expect that someone figures out that it would be cheaper (well, actually bank would be willing to pay to borrow my crypto) to keep my crypto in bank if I let the bank to lend that forward for interest.
Finally, I expect that someone figures out that the raison d'etre of crypto, fixed monetary supply just broke down, as now banks can "create" "cryptocurrency" at will.
Yes. And then I expect that someone figures out that it is not actually necessary to transfer my crypto to my coffee vendor for cup of coffee, but as we both trust the bank, we just tell the bank to move some crypto from my account to the coffee vendor's account.
Then, I expect that someone figures out that it would be cheaper (well, actually bank would be willing to pay to borrow my crypto) to keep my crypto in bank if I let the bank to lend that forward for interest.
Finally, I expect that someone figures out that the raison d'etre of crypto, fixed monetary supply just broke down, as now banks can "create" "cryptocurrency" at will.