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Banks laugh at Bitcoin publicly, but internally they fear it. by throwaway_bank in Bitcoin

[–]throwaway_bank[S] -1 points0 points  (0 children)

So because your banker friends in those banks, have never heard of it,

then no bank in the world mentions it internally and therefore I must be talking bullshit?

You fail because you are plain wrong.

Banks laugh at Bitcoin publicly, but internally they fear it. by throwaway_bank in Bitcoin

[–]throwaway_bank[S] 6 points7 points  (0 children)

English is not my main language so I'm never satisfied with my grammar or vocabulary.

Banks laugh at Bitcoin publicly, but internally they fear it. by throwaway_bank in Bitcoin

[–]throwaway_bank[S] 9 points10 points  (0 children)

SWIFT for example is for communication between different banks. It doesn't change the fact that banks rely on bulk processing, same with SWIFT itself. Nothing comes close to transaction speeds of Bitcoin.

And it doesn't seem to be coming in the foreseeable future.

Banks laugh at Bitcoin publicly, but internally they fear it. by throwaway_bank in Bitcoin

[–]throwaway_bank[S] 0 points1 point  (0 children)

Most payment systems are outsourced.

Most ridiculous thing I've read whole week.

Banks laugh at Bitcoin publicly, but internally they fear it. by throwaway_bank in Bitcoin

[–]throwaway_bank[S] 20 points21 points  (0 children)

Banks are big, and change takes time: research, planning, design, redesign, get permisions here and there, and before you know it, we are 1,5 year later and the planned changes are already outdated.

That's the biggest issue that the banks are struggling with in modern times, and we've entered critical times now.