Coinbase is rescinding already-accepted job offers

Re:Coinbase is rescinding already-accepted job offers by maccard on Saturday June 04, 2022 @03:20PM (#31624133)

> JP Morgan and Liink are quietly connecting hundreds of banks and using it to more robustly and quickly move payment-related information between banks.

At this point you're trusting JP Morgan and link to run the ledger. What if I disagree with a transaction and fork the ledger? How is this any different to JP Morgan running a SQL database and speaking a common protocol?

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Re:Coinbase is rescinding already-accepted job offers by mlyle on Saturday June 04, 2022 @06:11PM (#31625581)

> At this point you're trusting JP Morgan and link to run the ledger.

Liink is ETH derived, so it's hybrid proof-of-stake and proof-of-work.

(Of course, JP Morgan likely dominates both at this point, but they don't have to).

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Re:Coinbase is rescinding already-accepted job offers by maccard on Sunday June 05, 2022 @07:08AM (#31629878)

> (Of course, JP Morgan likely dominates both at this point, but they don't have to).

So what happens if someone comes along and stakes $X Billion and becomes the majority stakeholder? Do you _really_ think that JP Morgan will just sit and let that happen? That they won't fork? That Deutsche Bank will continue to stand by the ledger if a group of anonymous traders from China become the majority stake?

It's a technical solution to a political problem.

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