Interesting and valid point of view. But i can't see the importance of this observation tho. In what way does it matter if the currency is moved?
Also, it doesn't much differentiate from moving the fiat from account A to account B, until you make a withdraw.
cheers
Thanks for the comment.
What the article is trying to express, is the fallacy of many existing firms approaching this technology with a 20th century mindset. We were recently in NYC for a bitcoin bankers conference, and there was endless discussion about "separating bitcoin from the blockchain" and how "blockchain is the real innovation, not bitcoin".
Simply put, this article attempts to illustrate why this is not feasible and why many firms and enthusiasts are not looking at this concept of money in the correct light.
For more on this evolution of our money supply, check out our
2015 Bitcoin Investor's Report.