[2015-11-19] The Bankchain Part I: Implementation and Problems

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: fancy_pants on November 20, 2015, 02:38:26 AM

The last thing payment processors want is faster clearing. It would decimate their treasury if they can't hold other people's money for a few days.

Your average ponzi scheme also tries to delay or discourage you from withdrawing. Seems pretty similar if not identical.

fancy_pants

hero member

Activity: 663

Merit: 501

quarkchain.io

Legacy payment processors must provide a grace period during which time transactions can be reversed. Regulations are such that banks cannott implement instant non-reversible bitcoin for payments.

The last thing payment processors want is faster clearing. It would decimate their treasury if they can't hold other people's money for a few days.

In a nutshell, the only reason banks and traditional fintech companies even use the word blockchain and bitcoin is so that they can get free PR. It's click bait pure and simple.

jdebunt

legendary

Activity: 1596

Merit: 1010

Various banks and other financial institutions around the world have been looking into the concept of blockchain technology. While there are many advancements to be made in the financial world with this technology, the blockchain might not be implemented in a way most of the Bitcoin community would agree with. Bankchain, as this implementation is called, will pose quite the challenge.

https://news.bitcoin.com/bankchain-implementation-and-problems/

Topic: [2015-11-19] The Bankchain Part I: Implementation and Problems (Read 307 times)