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The old banks are dumb, so we should give them blockchain-derived ideas (to benefit blockchain tech).

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by COINS NEWS 37 Views

The old banks are dumb and haven't figured out there is a gigantic gap in the market for their customers to give them smart contracts: ways for their customers to produce complex code - within limits of security - to satisfy certain conditions before money exchanges hands (they don't need blockchain hardware and software to do that btw: just centralized software).

One might think that would hurt the blockchain world but that's not true because it would be a huge bullish signal that even the old banks realize its potential at smart contract-like technology and it would give the idea to people that blockchain tech is even better for it because it would be decentralized and hence potentially more secure for the long term future.

PS People are generally VERY dumb (and I mean also in the blockchain world) and only see blockchain and blockchain-like tech as a short term money scam. Since it's purely decentralized (or it's the only one with the potential to be): it holds the only promise for true democracy without corrupt leaders which makes it INEVITABLE to happen.

submitted by /u/rEYAVjQD
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