Banks Without Bankers?! This BITCOIN Report Will Blow Your Mind!

"The Arc protocol could provide the necessary infrastructure for a trustless free banking system of service providers to emerge removing agency from fundamental economic functions."

"Imagine a system where users dollar cost average into Bitcoin via Arc use Federated technology for custody use ecash as the private cash balance for everyday transactions on the back end all service providers are clearing balances between one another via the lightning Network fedy mins and Arc nodes could act as banking infrastructure and the lightning Network could act as the Clearing Houses amongst them as a hub and spoke model in some a financial system of decentralized community-owned and operated digital Bitcoin Banks"

"assuming this ecash system could be turned into a reality it would be pretty damn bullish for BTC that's just because this alternative Financial system would be a massive demand driver for BTC due to the ecash aspect"

"the author estimates that there could be as many as 10 million of these digital Community Banks someday"

"quote in theory Market participants converge upon a monetary standard in a perfect world there would only be one form of money"

"this ultimately depends on whether ecash can gain enough adoption so that it becomes viable for money markets to form"

"what this means is that there could be one fedy minint network that's minting say 10x more ecash than the others are and its users are then claiming more BTC at other fedy mins"

"the author notes three competitors Brokers and Clearing Houses given this fact the author argues that it could be possible for similar participants to provide the same assurances in a Federated ecash system"

"there's a risk that fedt networks will begin functioning as fractional reserve banks that is issuing more ecash than they have BTC for"