Root – Programmable bank account for software developers

Re:Root – Programmable bank account for software developers by wyager on Wednesday May 03, 2017 @12:01PM (#14256941)

There is essentially no point to using a blockchain if the only thing you're putting on it is an accounting system you have absolute control over anyway.

I think tech people vulnerable to buzzwordism have an instinctive response to respond to any mention of money with "blockchain!", even though it's really only useful in this context for decentralized payment systems (i.e. not for banks). The only place banks might want to use blockchains is for low-trust inter-bank settlement.

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Re:Root – Programmable bank account for software developers by needz on Wednesday May 03, 2017 @12:22PM (#14257222)

"Absolute control" would imply I can import javascript modules and interface with blockchains directly, so you're right that it wouldn't be Root's job to utilize the blockchain if I have this ability. There is nothing to indicate this is the case, however.

edit: if it is the case, I would be excited to see some docs

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