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CRYPTOCURRENCIES - A PARADIGM FOR UNDERSTANDING VALUE PART 2

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We look at the ramifications of blockchain and crypto currencies and what needs to happen for them to scale to challenge the existing order.

 

What does the transition to a Peer to Peer network for transactions do to third party facilitators of commerce like banks and credit cards?  What are the benefits of this happening?  What are the drawbacks?

How will the existing orders that are considered natural order of things like the international currency system and inter-bank payments network (SWIFT) react to this disruption?

 

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