[2016-02-05] Forget Bitcoin, The Value Is In Blockchain

[Scream]

Summary

Billions of dollars of venture fintech capital is being invested in Blockchain by the biggest financial institutions in the world.

The current trade clearing and settlement process is cumbersome, costly, and deeply flawed, as recently noted by SEC Commissioner Aguilar.

Blockchain offers a route for streamlining the clearing process and saving billions of dollars annually.

Why is it… that trades can now be executed in less than a millisecond, yet it still takes three full days for those trades to settle? The most likely answer is some combination of inertia, cost, and competing priorities.
- SEC Commissioner Luis A. Aguilar1

http://seekingalpha.com/article/3870446-forget-bitcoin-value-blockchain

[1Referee]

Nothing new, this has been known for some years now. Most of the financial institutions and governments have openly admitted that they don't care about Bitcoin as coin. They just look for ways to incorporate the blockchain in their daily operations. That's why they hire the best people to investigate and research the blockchain thoroughly.

[Greenenergy]

That's typically the kind of news that I don't like to hear. I can tell you that someday a big country will create a state-controlled crypto-currency and will ban Bitcoin...