Using todays technology SWIFT (or any other online messaging system for the matter) does not have to be expensive. I did not study extensively the banking syst

Using todays technology SWIFT (or any other online messaging system for the matter) does not have to be expensive. I did not study extensively the banking system, but I figured that the central bank was the missing part of the post right away. How did I do it? Because the central bank should do exactly that: CONTROL THE BANKS IN ORDER TO AVOID THEM GOING BURST without anyone noticing (rings a bell?). Now the fact that they NEVER do, is a nice topic for discussion, why exactly to we pay them? Just to guess what the right monetary policy for the next 6 months will be? This post explains why sending money from a bank’s perspective might be expensive. But what it really shows is that it does not have to be if everyone was doing their job right (central bank included) and be held accountable when shit hits the fan. As of today exchanging BTC (an asset anyway) to currency is expensive and not straight-forward. How exactly is someone going to exchange 150m BTC in USD/EUR without getting noticed? In what amount of time??? BTC is not optimal for this kind of transactions. An inflationary e-currency, widely acceptable and easily exchangeable would be one hell of an option, but good luck persuading people to use it if you re not a government.