The multi currency nature of the beast. Swift will dominate, as a protocol. Everyone will want a swift account, the correspondent bank network swelling. Comes with a 2% fee, but that is when used. It is the monopoly tax collar of the USA. The Swift protocol so simple and smooth. And it runs under Due Process, whats not to like.
Swift done right, snip about half of the rules, put the rest in a currency contract format. The most widely used format, restricted in membership by government contract, sorry to say.
Consider this use case. We have two traders, both with Swift accounts. They agree to swap bitcoin. What is the proper fails to deliver procedure? Both parties know it, Swift collects fails to deliver stats. The question becomes, why not use the standard Swift bitoin trading bot? It becomes to easy to get a fair traded deal, much easier. The cheat and cheated both have swift accounts. If the only exit from a Spectre managed standard contract is a fails to deliver, then the Swift bankers will know. Fails to deliver is probably noticed and reported in the contract. This is an enormous advantage to a Swift style network, hierarchical. The fees dissuade the defaulters, and all swift accounts ultimately connected.
It is a great ledger system, it needs to expand as it is.
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