Post
Topic
Board Bitcoin Discussion
Re: "Game over" scenario for Bitcoin
by
marcus_of_augustus
on 22/02/2011, 03:41:36 UTC

It is conceivable that consortium of powerful banks and hedge funds who are not beholden to the current oligarchical monetary system, probably not mega-banks but mid-level up and coming like Saxobank, etc, start up something like bitcoin. They are just as sick of swallowing the costs of bailing out their bigger competiton and playing byu the shit rules coming down from on top.

P2P, using their own computational power, based in zones outside the FATF and KYC BS, and branding to bootstrap a fiat rival but keep it open source, etc with the same qualities as bitcoin but much better start-up public credibility ... wouldn't be the worst thing.