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A comment on Did Bitcoin just prove it can't scale?. Parent comment

Re:Did Bitcoin just prove it can't scale? by spookthesunset on Saturday December 09, 2017 @02:16PM (#15887484)
Bitcoin and The Blockchain are only useful when you absolutely can't trust anybody but yourself. Why would financial institutions need Bitcoin and its immense overhead when they all can use the law as a tool to ensure adequate trust? If they can trust each other at that level, all they need is a simple database.

In other words, "financial institutions" have no need for the blockchain.

Want proof? You think the NASDAQ uses anything more than a (fancy, probably very high priced, extremely robust) database to store its stuff? They deal with all kinds of people who are actively trying to fuck them over every day and every second. They have no need for the blockchain. Neither does any other "financial institution".

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Re:Did Bitcoin just prove it can't scale? by pseudozach on Monday December 11, 2017 @08:33AM (#15896881)
What if russia and china decide to start their own global trade system based on something. http://www.zerohedge.com/news/2017-12-02/russia-china-and-br... And they don't trust eachother because well why would they. Would they have a use for a global, distributed, trustless system to keep inventory?
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