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I wonder what kind of discussions take place when they implement these kind protocols (thinking of swift):
- we want to avoid dirty money banks? No, that’s ok
- we decide who can enter this network based on the fee they’ll pay
- we have to crush any competitors in the world, we’ll deal all transactions, it’s not that complicated, little effort for big control
I think the interesting part with the Bancor approach is that it would avoid a lot of these problems since it’s strictly a settlement currency.