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Author Topic: 2012-07-24 americanbanker.com - It's High Time for High-Frequency Banking  (Read 949 times)
julz
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July 24, 2012, 10:47:38 PM
 #1


Quote
It's High Time for High-Frequency Banking

Philip Maymin
2012-07-24

http://www.americanbanker.com/bankthink/its-high-time-for-high-frequency-banking-1051202-1.html

...
There are certainly ways around the bureaucracy, just like there are ways around Internet censorship. Digital currencies such as Bitcoin transmit value instantaneously. High frequency banking is possible.
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Just one mention of bitcoin - but I think it's a doozy! What.. it takes the appearance of Bitcoin on the scene for bankers to realize that people don't want to wait while someone else makes money from their transfer??? 

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TraderTimm
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July 25, 2012, 01:15:09 AM
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I like the word getting out there, but honestly I don't want the banking dinosaur to be enraged too soon. Preferably after we've expanded some more...

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July 25, 2012, 07:44:43 AM
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It's really astonishing that it's 2012 and it seems bankers are only now, some 40 years after the emergence of email, realizing that it's a bit odd that moving digital representations of money through the traditional banking system is cumbersome.  Since I've started using bitcoin, I groan when I have to move money through the traditional system.  Sure, the customer interface might be more refined, but at its heart, it's clunky.  Though interfacing with the bitcoin network isn't as easy, every time I do it I get a sense for the elegance of the heart of this system.
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August 05, 2012, 12:56:56 PM
 #4

No need to talk about bitcoin as "high frequency" banking. As if high frequency trading had any respectability.

Bitcoin is just banking as it should be: competitive, driven by citizen needs, accessible as a do-it -ourself activity (like any other profession).

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