[2016-01-05] The banking system faces an existential threat—and it’s not bitcoin

[hendra147]

In the latest blow, Switzerland announced that it would hold a referendum on a radical proposal that would strip commercial banks of the ability to create money, depriving them of a great deal of their profit-making capabilities. If the Swiss proposal catches on around the world, it could shred core business assumptions that have underpinned the banking model over the past three centuries.

http://www.marketwatch.com/story/the-banking-system-faces-an-existential-threat-and-its-not-bitcoin-2016-01-05

[indiemax]

Interesting read,its clear they know their in the shite


 transparency and no more thieving bankers,roll on the blockchain