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I like the analogy, but not being a finance person I have no idea - is Bitcoin particularly compelling "as a backbone"?
by Joeboy 12y ago
I like the analogy, but not being a finance person I have no idea - is Bitcoin particularly compelling "as a backbone"?
- Karunamon 12y agoLess bitcoin itself, but the blockchain technology that backs the currency has a number of novel uses. The idea of a public, cryptographically secure and verifiable ledger could be used in everything from voting to domain name registration.
- doubledub 12y agoYour reply is the most valuable & important response of this entire conversation so far. Thank you for saving my faith in the HN community.
- aminok 12y agoFor international fund transfers, yes. It doesn't require using correspondent banks. It's a direct, point-to-point transfer of value.