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Guy | 18 days ago (raw) | root | parent | reply | flag 
 If it is only a medium of exchange for institutional settlements, that would mean it's custodial and a failure as peer-to-peer cash.
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minimo | 18 days ago (raw) | root | parent | reply | flag 
 Not a failure, sub-optimal, yes. Custodial solutions will survive idealistic radicals as sub-optimal solutions, unfortunately
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Guy | 17 days ago (raw) | root | parent | reply | flag 
 If peer-to-peer cash (Bitcoin) solves the problem of institutional gatekeepers of money, then when Bitcoin is exclusively a medium of exchange for institutional settlements it has failed.