Re:Bitcoin Technology Piques Interest on Wall Street
by stcredzero on Saturday August 29, 2015 @02:58PM
(#10140999)
Yes, but if the banks set up their own Bitcoin-like blockchain but with an added certificate authority, then they'd be putting their money where their mouth is, and then you'd be the one looking like you're overstating your case.
As a media skeptic, the 1st suspect is the one who is ascribing motivations to other parties/groups with no evidence. This goes double when something "technical" overlooks technical alternatives that would demolish one's own argument.
Re:Bitcoin Technology Piques Interest on Wall Street
by yc1010 on Saturday August 29, 2015 @03:02PM
(#10141018)
Nothing stopping them from doing so, tho the use of a blockchain in such a "centralized" context is silly and an overkill when they can use a normal database with better/faster results especially if they already know+trust each other.
Re:Bitcoin Technology Piques Interest on Wall Street
by stcredzero on Saturday August 29, 2015 @06:21PM
(#10141550)
so, tho the use of a blockchain in such a "centralized" context is silly
As you yourself noted, if a dozen banks got together to do this, it wouldn't be any more centralized than what we have now!
Sort of how years ago some people/companies would claim that using Linux in enterprise would cause all sorts of issues for said companies in order to sell their own propritary and nonopen solution.....