sirocco , crypto currencies or the blockchain , distributed ledger , technology behind these imaginary currencies.
I struggle to understand how a physical business is going to get an overdraft from a lending facility if these "currencies" are stored in wallets and the purpose , as per some posters, is to circumvent banks, banks are in place as they serve a purpose. I can see cyrpto as a means of transferring value via distributed ledger transactions (in place of SWIFT, and transferring documents , eg Bills of Lading, that now require courier as you need signed originals) to other financial institutions ,eg banks as per Ripples proposed purpose as i understand it. In the meantime , as one poster said "who cares , you can make money out of the volatility, that is if you can actually cash out your sale, I have been attempting to set up an account with two exchanges for weeks now, so much for the new hitech world.
