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Realistically, I think that bitcoin will probably be "embraced and extended" by some larger financial institution (PayPal? Stripe? Wells Fargo? Goldman Sachs? H
by jefflinwood 12y ago
Realistically, I think that bitcoin will probably be "embraced and extended" by some larger financial institution (PayPal? Stripe? Wells Fargo? Goldman Sachs? HSBC?) that takes advantage of the open source codebase and creates their own trusted version with colored coins and its own blockchain.
The killer app for bitcoin will be the FDIC offering insurance on bitcoin deposits.
- ksherlock 12y agoSIPC already exists. I don't see why that wouldn't cover bitcoin investments at registered broker/dealers. http://en.wikipedia.org/wiki/Securities_Investor_Protection_Corporation http://en.wikipedia.org/wiki/Securities_Investor_Protection_...