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comment by speeding_snail
speeding_snail  ·  4490 days ago  ·  link  ·    ·  parent  ·  post: How about we take another look at banking?

Technology might indeed provide solutions (like bitcoin), but we cannot hope for miracles. Technological advances are mostly stopped by politicians. It is a bit like the recent SOPA, PIPA and ACTA. They are designed to stop or even undo technological advances. Unfortunately, lobbying is effective for both the good and the bad causes, especially when you have a lot of money, as you say. A bank without money ain't no bank.