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by yc1010 3951 days ago
It seems to me that some are overstating their case and believing their bullshit in order to sell the banks a rotten tomato when a perfectly healthy potato exists.

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.....
1 comments
stcredzero 3951 days ago
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.

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yc1010 3951 days ago
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.
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stcredzero 3951 days ago
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!

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