Comment on Maybe Blockchain Really Does Have Magical PowersparentComments−gbarc88810yIn scenario (4), they're bank-backed crypto-currencies. Banks are trying to build their own settlement coins: http://www.coindesk.com/utilities-settlement-all-about-banks...−bachback10yother approach is issued ColoredCoin by banks - Lykke.com does this. then you get pricing of assets. fiat money are already "settlement coins", the question is about liquidity, risk and openness.
Comments
In scenario (4), they're bank-backed crypto-currencies. Banks are trying to build their own settlement coins: http://www.coindesk.com/utilities-settlement-all-about-banks...
other approach is issued ColoredCoin by banks - Lykke.com does this. then you get pricing of assets. fiat money are already "settlement coins", the question is about liquidity, risk and openness.