legaldinho wrote:I can't edit but this is a lie, their white paper mentioned a law firm had approved their scheme.
This field is full of scams. I mean, ripple is a scam. People are pouring money into it. It has none of the good bits of bitcoin and all the dangers are exponentially increased.
Tempy wrote:It seems like a really boring hobby
Liveinadive wrote:Is it blue?
legaldinho wrote:No blockchain is a real innovation
Escape wrote:legaldinho wrote:No blockchain is a real innovation
But if the major banks oppose it on self-preservation grounds (I presume they will?), it's down to us to trust it as much as them. It seems inevitable in the future, but I can't see an exodus from trad banks for a good while yet.
Goes without saying it's not my area, but chalk me up as sceptical in the immediate.
Yeah it's not like a financial organisation would ever make a bad investment.Dinostar77 wrote:Dude, I linked the wired article above about how many millions banks are already pumping into blockchain. Forget the currency aspect. The blockchain tech will be utilised as its a potentially massive improvement on ancient outdated and incompatible databases used for financial transactions.But if the major banks oppose it on self-preservation grounds (I presume they will?), it's down to us to trust it as much as them. It seems inevitable in the future, but I can't see an exodus from trad banks for a good while yet. Goes without saying it's not my area, but chalk me up as sceptical in the immediate.No blockchain is a real innovation
monkey wrote:Yeah it's not like a financial organisation would ever make a bad investment. Blockchain seems good for anything that needs an audit trail. I'm sure it's the future for most financial transactions, probably health records and stuff. But it's very trendy and buzzwordy. There's no reason at all why eg a company loyalty scheme, as per that Action shite, needs to be a blockchain other than to get a load of attention. Good for the department in that company that did it, as they can do a fancy powerpoint presentation on it and get a bonus. Pointless for anything else. The old databases of financial houses already have superior technology they can be migrated to, better programming languages and technologies. It's just hard work and not worth it in most cases, hence why they're still there. Blockchain won't make that migration any easier.Dinostar77 wrote:Dude, I linked the wired article above about how many millions banks are already pumping into blockchain. Forget the currency aspect. The blockchain tech will be utilised as its a potentially massive improvement on ancient outdated and incompatible databases used for financial transactions.But if the major banks oppose it on self-preservation grounds (I presume they will?), it's down to us to trust it as much as them. It seems inevitable in the future, but I can't see an exodus from trad banks for a good while yet. Goes without saying it's not my area, but chalk me up as sceptical in the immediate.No blockchain is a real innovation
hunk wrote:Am also thinking of jumping in. Can anyone recommend me a reliable app + wallet? I'm in the process of delving into the subject. Fascinating stuff.
hunk wrote:Much obliged for the summary Dino. Will check out Coinbase and Binance.
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