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Author Topic: 2013-05-20 Forbes : Bitcoin Comes To SWIFT  (Read 1517 times)
bobdude17
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May 21, 2013, 12:16:23 AM
 #1



  http://www.forbes.com/sites/jonmatonis/2013/05/20/bitcoin-comes-to-swift/
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May 21, 2013, 01:07:41 AM
 #2


Matonis is always a good read.

"This European Union approach to money and payments sits in stark contrast to events currently unfolding in the United States where a still-evolving payments exchanger recently had account funds seized via court order on dubious legal grounds. The EU tends to view futuristic payments as a framework opportunity rather than a target-rich environment for arrogant enforcement."

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May 21, 2013, 10:41:37 AM
 #3

Very nice article.













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May 21, 2013, 08:28:45 PM
 #4

This is fantastic - I wish I could've been there, watching people in expensive suits and silk ties squirm a bit when the live feed updated, some with the distinct feeling that they've just seen the premonition of their own demise.

The concluding sentiment doesn't surprise either -- "Oh sure, it will do something in the next few years or so - but we're perfectly okay with our large fee transaction scheme... (we think)."

Yeah, sure you are guys. Just wait until most international transfer bypasses you like a crowbar thrown on the third rail of the subway. No power coming to you down the line, I'm afraid - Bitcoin has shunted it all, or soon will.

Couldn't happen to a better group of overpaid bit-shifters.

fortitudinem multis - catenum regit omnia
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