technology utopia. what could possibly go wrong.

Wonderful news to my ears! Banks have had too much fun for too long! Zero contribution in the productivity chain, Max RipOff!

The development of technology is simply about to wipe out employment in all sectors.I don't believe it has anything to do with Joseph Schumpeter's "Destructive creation of employment".Karl Marx's theory about technology improvment is more suitable to explain the negative macroeconomic impact that it will have if wealth is not redistributed to the average citizen.

British banks never used technology.

Money is an artificial and virtual human concept. However it is manifested you can't eat it, you can't fashion it into something of practical use because it DOESN'T EXIST in any real sense. In the end all money in the modern world is fiat money. That is to say it is declared to be "real" by some bureaucratic group like a strong government and is endorsed to be such by the market of bankers who buy bonds and issue credit. Over a long period of time this process inevitably creates a pool of national DEBT due to man's gullibility which periodically gets flushed out either by recession or write off. End of.

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Great British bank off

Blockchain still not a used term in 2016 ? I havent heard it in this video BBC LUL

What a disappointment for the BBC to block comments on most of their publication that would engage discussions of interest.Doing so will have repercussions and their viewership will commence to decline .The BBC was once number one on my list for credible news,now I go elsewhere most of the time as they have ceased to evolve.Who's controlling or influencing the political narrative of the BBC,special elitist ownership or other ?