I think that's the point, the too big to fail model. Like HSBC and the panama papers and Sinaloa cartels. Or Wells Fargo and the account piracy.
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I think that's the point, the too big to fail model. Like HSBC and the panama papers and Sinaloa cartels. Or Wells Fargo and the account piracy.
I think you nailed it. The big 10 ... GE, MSFT, goog, appl, face ... will 'back' a new coin ... and acquire what little they have yet bought with a new $trillionarie asset. Between andriod, windows, face accounts, and iOS they could roll out a virtual banking system in 48hrs.
Bonus the major banks will offer up there customer accounts (given a niffty haircut) ... FOMO the herd to rush into it. so Ecoin will come attached to past banking records.