Quote:
Originally Posted by Markul
Bitcoin only needs one major bank.. .someone will see a market there and go for it even if all else does not. This won't influence BC in any way imho  |
That's like saying "all drug dealers and arms dealers need is one major bank...". You can't look at it from your own perspective, your own wants, needs, perceptions, beliefs and so on and look at it from a regulatory issue. Banks are heavily monitored and regulated. Thats for good reason. Major banks and central banking systems won't be associated with anonymous financial transactions. Small banks (say in St Kitts or where ever) will simply be labeled "money laundering institutions" by the US / EU and be forced to dissociate themselves or risk not doing any financial transactions in major world currencies. People seriously don't get how easy it is for the EU/US to make a bank fold and comply.
It's one thing to believe it can survive as a currency for the purchase of goods and services. That's probable. It's naive and/or delusional to believe Bitcoins will somehow be integrated into world financial systems. That is highly improbable. Bitcoins will most likely only survive outside the system....trying to make it something else will simply cause its demise.