What are the threats for financial system from bitcoin?
The only threat I see is the fact that transactions are untraceable and that will give dupers and scammers upper hand. In this world where transactions can still be traced for those who use Fiat, there are still high level of fraud being carried out without any victory about catching the people involved even though this is carried out by high level hackers but with bitcoin coming in, I dont need to be an hacker to dupe people of their resources, just send to my address and that is the final. This is the threat I see...