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A comment on The Blockchain Bubble Will Pop, What Next?. Parent comment

Re:The Blockchain Bubble Will Pop, What Next? by TylerE on Monday July 30, 2018 @10:27AM (#17644576)
No, it's not slow (for the most part) because "reasons", it's slow because they are legally allowed to be slow and they can finagle a bit more profit that way.
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Re:The Blockchain Bubble Will Pop, What Next? by kalleboo on Monday July 30, 2018 @01:23PM (#17646187)
How does Bank of America profit off of making transfers between Bank of America accounts slower than making transfers to other banks?
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Re:The Blockchain Bubble Will Pop, What Next? by TylerE on Monday July 30, 2018 @04:39PM (#17647813)
Because then they can float the money and put it in things that earn them interest...

E.g. debit from Bob's account on Monday, put in <money market/whatever> from Monday until Thursday, and then put it Alice's account on Friday.

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Re:The Blockchain Bubble Will Pop, What Next? by kalleboo on Tuesday July 31, 2018 @09:19PM (#17658876)
But they invest money that's sitting in a checking account already, there's no difference between it sitting in an account and it being "in transit"
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Re:The Blockchain Bubble Will Pop, What Next? by reitanqild on Saturday August 04, 2018 @02:01PM (#17687819)
I guess they don't pay interest to neither the sender or the receiver while it is "in transit"?
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