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by lucozade 3152 days ago
> Yep, you could basically accomplish the same thing with Git

Not entirely sure that "Git and a bit" is likely to be sufficient but, yes, there are some intersections. The idea isn't new at all.

The belief that practical solutions for a common ledger that meet strict privacy and confidentiality requirements is relatively new.

> Now there's simply an implementation that cuts the banks out of the loop

Not sure what you mean here. If you're talking about Bitcoin as a product then I don't think the banks are that concerned. It's starting to be interesting as an extra option for portfolio diversification but that's about it. If anything, the well publicised schoolboy errors have been net positive for the banks.

As I said, where it has generated most interest as a technology is in inter-bank. There are 3rd parties appearing in this space but that's been encouraged (and often funded) by the banks. It's a space with a lots of cost and operational risk but very little actual value.