How will Swift compete?

 Down load the Btc taproot and let the hierarchical Swift banks use it as is. Swift banks can still offer the same service, subject to regulations on the tax dollar. Run all your stock options market as a set of Swift shards. Use standard Swift shards for escrow.  Any retailer can shard of Swift and make pseudo currency. Use it for automatic lease payments.  Good for bot trading in the pits. Am S/L pit boss can run a local short chain Swift ledger.

A pit boss can make ledger as a maximum entropy generator, a structured queue. Run deposits against loans for risk equalized accounts. Each account can find its place in two queues. They act as their on proof of stake miner. For a closed system, like Amazon Prime, this is a great inventory smoother.  

The Taproot guarantees all parties obey some obligations. In the case of Amazon, the time lock is for the delivery cycle. This is all about revealing delivery congestion to all parties.  But taproot guarantees the provable protocol from then on. Buyer and seller can choose conditions and terms while using deposit and loan in advance at the common pit.

There is nothing in Tap root unique to Btc. One could, in theory, convert the Swift protocols into Taproot and run off a block chain.  Or, with a little mod, run off their current ledger tree.  swift has a hierarchical miners list, without free entry and ext. But it can still use Taproot language just fine, and Swift shrads are under any obligation to follow any ledger protocol when  sharded. 

Th what is the future of Btc? Central bank currencies have natural losses. They are not bonded,uniform pit bosses. The losses are due to their monopoly tax role.  Central banks cause us to keep a third column, taxes. Normally we would ignore the third column as market noise.  Central banks do not have real entry and exit, government usually dominates loans. So the pit boss function is two step, first, what is the one year treasury rate, and second what is the deposit to loan ratio.  That is why we have the greek letters in option price estimators.

Oil prices up, dollar down then one year up, then lending contracts. The increased government borrowing and large bond purchases by the Fed. And higher siegniorage fees. Then tax battles, then deficit reduction, then rebellion and regime change, then tax reductions. Oil prices up. dollar down.

Unbalanced government structure, but that is not all losses. The losses are the unexpected shocks at regime change.