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Bitcoin concept disrupts the banking industry and effectively deprecates it. I'd like to see a similar decentralized system in application to SSL certificates,
by znowi 13y ago
Bitcoin concept disrupts the banking industry and effectively deprecates it. I'd like to see a similar decentralized system in application to SSL certificates, where anyone can establish secure connection without paying fees to 3rd party CAs.
- ihsw 13y agoDon't be ridiculous. Bitcoin is little else than a reliable and decentralized transaction network, and a currency. Banks are connections between customers that have deficits and customers that have surpluses, ie: credit and lending. There are also investment structures that people use, ie: stocks and bonds. In addition to consumer banking and investment banking, there is also insurance functions. There are companies that meet individual needs (ie: companies that do only insurance) but many consumers still prefer to utilize "one-stop shop" banking institutions that accommodate a variety of needs.