Digital Currency CEO: Definition of a bank is going to change

  

''Bitcoin..., the wonderful fruits of the information age.. I really wish you guys would stop calling it currency..  Currency has State, and legal connotation... Bitcoin is really true money in the same sense gold is true money... It's gold without the matter.. You can send Bitcoin to mars and know for absolute certainty it will get to the recipient without fee, you can't even send gold next door without an armed guard.. I like to call Bitcoin, and others like it Cryptographic Asset Securely Hashed, or CASH for short... By definition Bitcoin is money not currency.... I guess you can say all money can be currency but not all currency can be money.... And I nor you would want Bitcoin, or Gold to become a State currency....  Bitcoin is the new gold, Litecoin is the new silver, Syscoin is the new copper.. If you would have invested 20 bucks in Bitcoin when it was Syscoins price your investment would be worth 6 million dollars today... The point being is, these coins are a no brainer investment, because you've got nothing to loose, 20, 200, 2000, so you loose it all, it's pocket change... People spend 5000 a year on the lottery.. The fact is most of the stable POW (prof of work) mined (hashed) coins are steadily getting higher averages over time..  For the folks who always ask if Bitcoin can be hacked, ''NO  it can not be hacked, because it's being hashed by millions of computers...  It's simply not possible to hack the ledger of that amount of redundancy, but fiat bank accounts get hacked all the time... Bitcoin, or any decent POW digital assets hashing network increases its security as the price increases, because more computing power go's to work hashing as the price increases, also it becomes harder to get pay off for mining (hashing the network) as more computing horse power comes on-line..  The later factor tends to favor only the most successful CASH projects, that my friends is why Bitcoin is not going to die any time soon if at all..  It's a certainty other 'C.A.S.H.' projects will also succeed, but at some point the market will narrow drastically from the 500 or so coins today.  The banking industry may hate Bitcoins threat to their future, but even they don't trust any other block-chain to float assets over but the most valuable one, which is Bitcoin...  So you could say, banks are screwed..  They have no way out of this conundrum of wanting the block-chain technology without the asset that makes the technology so rock solidly redundant.. They can want that all they want, but its not possible to dislodge the most valuable project, because no ones going to hash a project without payoffs, and as long as computing power allows some to prophet from hashing the network it will continue to gain strength, that's just human nature, and there will be no let up in Moore's law...