In reply to Thomas.

Thomas, Can you help me with an issue re bitcoin and its use in transaction banking. Banks will always struggle with the need to know who is involved with any transaction which they are a part of. The KYC regulations which all banks must adhere to are broad and far reaching. This is one of the main reasons why banks are focused on the use of private chains. I completely understand your thinking about the use of private chains, but how do the banks get around the KYC problem of unknown participants at the heart of the bitcoin ecosystem. Your thoughts on this would be much appreciated.