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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (137042)12/9/2017 12:12:22 AM
From: Elroy Jetson  Read Replies (1) of 217615
 
Visa, Mastercard and the SWIFT and EFT system use less than 0.01% of the electricity and overhead cost of Bitcoin and run secure monetary systems, with instantaneous transfers costing far below blockchain costs, which most like myself are perfectly happy with.

Users are fully indemnified in these systems and the fraud loss is a far lower percentage of total transactions than the Mt Gox and other fraud losses taken already in Bitcoin.

Blockchains are a passing delusion. To be more accurate, blockchains are already an archaic oddity which in retrospect will have no lasting real world applications.
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