Comments by "Frederick Miles" (@frederickmiles8815) on "Digital Currency Will Kill The Current Payment System" video.

  1. I have some experience with developing block chain for a large bank - ETH based ledgers will replace the back office and be intergrated (initially) into the exiting payment systems - not replace. And yeah the initial products (ETH Networks) that my bank was building were 'Bank Name' Coin and Intraday Repo - I am guessing giving the size of the bank they could easily support the Fed's needs. But once again its plumbing and its back office / collateral - not in support of transactional payments.
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