Debt Rattle October 6 2017
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Jean Renoir Les Grandes Boulevards 1875 • China’s Economic Boom Is About To Be Cut Short By Peak Oil (Ahmed) • A Volatility Trap Is Inflating M
[See the full post at: Debt Rattle October 6 2017]“Les Grands Boulevards” (spelling)
My daughters and my wife are close to the Grands Boulevards right now. They should be home in a couple of days. If I were not so down on Europe, I would have gone with them.
The banks ignore bitcoin not because of lack of regulations (they have no problem circumventing or breaking any regulations) but because the technology is not mature yet. Look at the maximum transaction throughput of blockchain – about 10 tx/sec. That’s the global limit. Sure, you can increase block size, go off-chain, and explore any number of other technical fixes, and once it’s done and stable and risks can be measured (and passed on to third parties) – banks will be all over bitcoin, or whatever it will be called then.
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