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LiteCoinGuy (OP)
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March 02, 2015, 09:21:24 PM
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Banks are changing their opinion about cryptocurrencies

This is a fascinating time in our industry. By now, it’s a cliché that Banks will have to embrace technology and innovation if they are to thrive in the years to come. We believe that is true and are committed to show that we can do it, and are looking for others to join. […] You care about disruption and have opinions on the future of banking, the payments system, and how to improve upon our existing financial infrastructure. You have an opinion on bitcoin and other cryptocurrencies.”

https://www.linkedin.com/pulse/banks-changing-opinion-cryptocurrencies-sander-duivestein-?trk=hp-feed-article-title
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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March 02, 2015, 09:22:48 PM
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I have not changed my opinion of them.  Grin
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March 02, 2015, 11:06:39 PM
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This story is all spin.  Banks still have literally years of backlog projects before they will consider something as small as bitcoin.
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March 03, 2015, 02:33:04 AM
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Quote from: RodeoX on March 02, 2015, 09:22:48 PM
I have not changed my opinion of them.  Grin

Ahah  Grin
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March 03, 2015, 01:05:18 PM
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Quote from: fancy_pants on March 02, 2015, 11:06:39 PM
This story is all spin.  Banks still have literally years of backlog projects before they will consider something as small as bitcoin.

Bitcoin itself isn't something most banks look out for. They are interested in the blockchain technology.

But before they adopt the blockchain as technology we might not enjoy it for at least 5 years.

Imagine not having to wait for a bank transaction from country to country. Every bank transaction in potential could post instantly.
LiteCoinGuy (OP)
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March 03, 2015, 04:06:28 PM
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Quote from: 1Referee on March 03, 2015, 01:05:18 PM
Quote from: fancy_pants on March 02, 2015, 11:06:39 PM
This story is all spin.  Banks still have literally years of backlog projects before they will consider something as small as bitcoin.

Bitcoin itself isn't something most banks look out for. They are interested in the blockchain technology.

But before they adopt the blockchain as technology we might not enjoy it for at least 5 years.

Imagine not having to wait for a bank transaction from country to country. Every bank transaction in potential could post instantly.

blockchain is great but bitcoin sucks  Tongue !


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March 03, 2015, 08:39:58 PM
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Banks will have no choice but to accept bitcoin. The only reason many don't today is that their regulations need time to adapt.
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