submitted by jwithrow.
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Journal of a Wayward Philosopher
The Future of Banking
September 23, 2017
Hot Springs, VA
“The biggest disruption of Bitcoin is that banks are no longer needed. Every major financial institution has made this technology its focus… but they say Bitcoin is a fraud. It’s the blockchain, they proclaim. They can utilize the technology ‘behind Bitcoin’ to make themselves smarter, better, faster, bigger. But Bitcoin’s fundamental use-case is to remove the banking function entirely from the equation. When banks come to terms with this, they will contact their congressmen and spend millions… maybe billions to slander Bitcoin.” – Erik Voorhees
The S&P closed yesterday’s trading session at $2,502. Gold closed at $1,300 per ounce. Crude Oil closed at $50.66 per barrel. The 10-year Treasury rate closed at 2.26%. Bitcoin is trading around $3,780 per BTC today.
Dear Journal,
I have ventured back down to south Florida to see what Irma left behind… and maybe do a little more work in the publishing arena. Continue reading “The Future of Banking”