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RE: Wells Fargo paid $2 billion in fines/penalties yet says bitcoin is too risky for clients?!

in #crypto6 years ago

Business as usual, amirite? The best part is doing the math. For 2 billion dollars you could hire 10,000 programmers for 2 years at 100K salary... or 1000 programmers for 20 years.

Imagine the kind of crypto you could build with 2 billion dollars and the right organization. We honestly aren't very far from this happening naturally as we shake off the year long bearish nightmare and move forward into the collapsing economy that blockchain is designed to fix.

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Yep. Which also means the ones with all the money will likely start to build their own, which may be better than anything that exists currently. Bitcoin's decentralization is the only think keep it going right now in my opinion. If Facebook or some other massive company with billions of users launched their own and gifted some to every user at launch, it would already have a leg up on bitcoin in terms of decentralization, at least in a POS system.

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