5 ms·
I am comparing it to settling gold in that a settlement is "final". You can reverse a credit card transaction, a bank wire, etc. You cannot reverse a Bitcoin tr
by zallarak 7y ago
I am comparing it to settling gold in that a settlement is "final". You can reverse a credit card transaction, a bank wire, etc. You cannot reverse a Bitcoin transaction or Gold shipment without significant risk and cost.
Example that leads me to believe central banks still settle gold: https://www.bullionstar.com/blogs/ronan-manly/bank-of-englands-refusal-to-return-venezuelas-gold-sets-a-worrying-precedent/ https://www.bullionstar.com/blogs/ronan-manly/bank-of-englan...