Given that the public ledger can be scrutinized to identify insider trading by financial institutions prior to commitment, and the high-cost to entry into the bitcoin market what incentive do orthodox financial institutions have to buy-into and legitimize the bitcoin market instead of adopting the technology afresh in cahoots with one another? Ya know, other than just petty diversification for the sake of trading later rather than evolving into financial infrastructure.
what incentive do orthodox financial institutions have to buy-into and legitimize the bitcoin market instead of adopting the technology afresh in cahoots with one another?
Orthodox institutions will potentially have the same reasons to adopt bitcoin as they have for adopting USdollars, swiss francs, and the euro: there are customers willing to pay for their bitcoin services.
Bitcoin will be adopted by customers (ignoring speculators and fanboys) because there are things they want to do that they can do more easily, more quickly, or less expensively with...
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