2013-07-28 Scams, fraud and banking: Why bitcoin still has challenges beyond reg

[zakoliverz]

http://www.coindesk.com/scams-fraud-and-banking-why-bitcoin-still-has-challenges-beyond-regulation/

We spend a good portion of our lives paying for things. Yet anyone with a bank account can probably attest to the fact that it can take days for money transmissions to clear. Banking systems have taken much longer to adapt to the always-on, instant gratification style of life that is the digital age. Some of that can be attributed to the financial world still using legacy computer systems, a reality due to little incentive for it to change.