this post was submitted on 09 Jul 2024
70 points (93.8% liked)

World News

32288 readers
900 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] Suoko@feddit.it 1 points 4 months ago (1 children)

I wonder what kind of discussions take place when they implement these kind protocols (thinking of swift):

  • we want to avoid dirty money banks? No, that's ok
  • we decide who can enter this network based on the fee they'll pay
  • we have to crush any competitors in the world, we'll deal all transactions, it's not that complicated, little effort for big control
[โ€“] yogthos@lemmy.ml 2 points 4 months ago

I think the interesting part with the Bancor approach is that it would avoid a lot of these problems since it's strictly a settlement currency.