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National currencies aren’t as Centralized,
and Bitcoin isn’t as Decentralized, as you think. — The World of Deep Wealth — Medium

National currencies aren't as Centralized, and Bitcoin isn't as Decentralized, as you think. - The World of Deep Wealth - Medium

Brilliant! In the final analysis, Bitcoin’s efforts to replace our broken national currencies, has resulted in duplicating the structure of the banking system (with the added benefit of burning as much electricity as the whole country of Ireland on useless computation that gets thrown away every 10 minutes just to reach a max rate of handful of transactions/second). We’ve just replaced an elite class of banksters, with an elite class of hacksters, and a few fast copies of the ledger with many slower ones.

jean lievens's insight:

brilliant article 

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The Banking Sector Hates Bitcoin, yet They Want Blockchain - NEWSBTC

The Banking Sector Hates Bitcoin, yet They Want Blockchain - NEWSBTC | money money money | Scoop.it
The banking sector has been throwing roadblocks at bitcoin-based businesses in order to postpone their imminent demise at the hands of the digital currency.
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Poor Chances Of The ECB TLTRO II Succeeding

Poor Chances Of The ECB TLTRO II Succeeding | money money money | Scoop.it
After benign feedback to the ECB’s new asset purchase program, the banking system is again under pressure across Europe.
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The Central Problem With Banks Is “Too Complex To Fail” Not “Too Big To Fail”

The Central Problem With Banks Is “Too Complex To Fail” Not “Too Big To Fail” | money money money | Scoop.it
John Kay Poor Bernie Sanders. How can you expect to become US president if you are not familiar with the relative spheres of competence of the Federal Rese
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Why big banks won’t be able to join the fintech boom

Why big banks won’t be able to join the fintech boom | money money money | Scoop.it
Why Big #Banks Won’t Be Able to Join the #Fintech Boom

https://t.co/azaUviLAMZ https://t.co/Gy1jLLktQL
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Blockchain will fix and break banking, starting now

Blockchain will fix and break banking, starting now | money money money | Scoop.it
Digital currency has had little impact on banking and financial services – until now.
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How Technology Has Democratized Banking | PYMNTS.com

How Technology Has Democratized Banking | PYMNTS.com | money money money | Scoop.it
Richard Steggall, Co-Founder and CEO of Urban FT, shares his perspective on how digital innovation has "democratized" banking and financial services.
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Hu's Place: Is The Future of Banks-No Banks? | Hitachi Data Systems

Hu's Place: Is The Future of Banks-No Banks? | Hitachi Data Systems | money money money | Scoop.it
Last month, on my way from midtown Manhattan to JFK Airport I saw a large billboard on the side of the expressway that had just seven words on it. “The
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HSBC operating chief doubts blockchain's short-term impact

HSBC operating chief doubts blockchain's short-term impact | money money money | Scoop.it
The bank's chief operating officer believes a 'terrible year' for wholesale banking could hit the development of blockchain technology in finance
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"The world needs banking but not banks" according to a new PwC report

A PwC survey of 176 Banking & Capital Markets (BCM) CEOs across 62 countries reveals the huge challenges facing banks globally.

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Blockchain Technology in Banking - Accenture

Read Accenture's report about Blockchain technology in banking and learn why banks are hesitating to invest in this technology in spite of great business potential.

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Big banks consider using Bitcoin blockchain technology - BBC News

Big banks consider using Bitcoin blockchain technology - BBC News | money money money | Scoop.it

The basic technology underpinning the Bitcoin virtual currency is being tested by nine of the world's biggest banks.

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Can blockchain technology reinvent banking? | Verdict Financial

Can blockchain technology reinvent banking? | Verdict Financial | money money money | Scoop.it

RT @VerdictFS: Can blockchain technology reinvent #banking? http://t.co/0ia9UR0PWP #fintech @Citi @Barclays @UBS @RippleLabs @Hyperledger

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UniCredit Releases Blockchain Paper, Launches US$200M Fintech Fund - Fintech Schweiz Digital Finance News - FintechNewsCH

UniCredit Releases Blockchain Paper, Launches US$200M Fintech Fund - Fintech Schweiz Digital Finance News - FintechNewsCH | money money money | Scoop.it

Italian banking and financial services company UniCredit has released a new paper exploring the possible applications of blockchain technology in banking.

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One of South Korea's Biggest Banks is Developing Blockchain Remittances - CoinDesk

One of South Korea's Biggest Banks is Developing Blockchain Remittances - CoinDesk | money money money | Scoop.it

South Korea's KB Kookmin Bank is developing a blockchain remittance solution with the aim of ushering in "safer and faster" foreign exchange services.

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Why Blockchain will not solve banks' main problem

Why Blockchain will not solve banks' main problem | money money money | Scoop.it

What does Blockchain offer to the final customer? Philippe Gelis, CEO at Kantox analyses why Blockchain will not turn the financial market upside down.

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Why Banks Are Adopting The Blockchain

Why Banks Are Adopting The Blockchain | money money money | Scoop.it

Bitcoin and cryptocurrency experts respond on what the banks can do with the Blockchain technology.

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Five blockchain technologies successfully trialled in parallel by banks

Five blockchain technologies successfully trialled in parallel by banks | money money money | Scoop.it

Banks have successfully trialled the trading of assets using five different blockchain technologies at once, according to a financial technology business behind the tests.

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Blockchain Will Absolutely Displace SWIFT

Blockchain Will Absolutely Displace SWIFT | money money money | Scoop.it

Sometimes it is hard to understand just how little finance institutions actually understand blockchain technology. While blockchain is certainly not a panacea for financial institutions, it's pretty close.

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Forty big banks test blockchain-based bond trading system

Forty big banks test blockchain-based bond trading system | money money money | Scoop.it

The banks are part of a consortium of 42 major lenders, brought together last year by New York-based R3 CEV to work on ways blockchain technology.

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Could blockchain technology make big banks a thing of the past?

Could blockchain technology make big banks a thing of the past? | money money money | Scoop.it

Simon Johnson says new blockchain technology could end the too-big-to-fail problem.

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Blockchain for banks still at the ‘gluten’ stage - FT.com

Blockchain for banks still at the ‘gluten’ stage - FT.com | money money money | Scoop.it

Transferring the technology that underpins bitcoin from a power point presentation to a prototype is challenging the world’s largest investment banks.

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Why the banks that are going crazy for blockchain technology don't care about bitcoin's problems

Why the banks that are going crazy for blockchain technology don't care about bitcoin's problems | money money money | Scoop.it

itBit CEO Chad Cascarilla says blockchain capacity issues are no concern to big financials because they intend to use private blockchains.

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Bitcoin technology could help banks trim costs, improve service: experts - The Bitcoin Channel

Bitcoin technology could help banks trim costs, improve service: experts - The Bitcoin Channel | money money money | Scoop.it

news1130.com / ALEXANDRA POSADZKI / Jan 27, 2016 1:00 am PST TORONTO – The virtual currency Bitcoin has earned a reputation as a plaything for libertarians or a tool used to covertly buy drugs on the Internet.

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Banks exploring Bitcoin technology: experts - Bitcoin Warrior

Banks exploring Bitcoin technology: experts - Bitcoin Warrior | money money money | Scoop.it

TORONTO — The virtual currency Bitcoin has earned a reputation as a plaything for libertarians or a tool used to covertly buy drugs on the Internet.

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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation