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There is so much blockchain hype at the moment, and this is my thought too. There only rational I can come up with is Bitcoin was the kick in the pants banks ne
by eadz 11y ago
There is so much blockchain hype at the moment, and this is my thought too. There only rational I can come up with is Bitcoin was the kick in the pants banks needed to realise they can go from 30 year old technology to 10 year old technology.
What Bitcoin solved was decentralized trust. I don't see any banks replacing their existing 'trust' network with code, they'll want to reverse transactions and mistakes, and will also want a veto over any distributed ledger.
- natrius 11y agoBitcoin solved decentralized trust, but at the same time, it solved distributed trust. What preexisting database product allowed multiple organizations to confidently write to a single shared database? Distributed ledgers are perfectly capable of reversing transactions.
- brighton36 11y agoSmtp
- nickpsecurity 11y agoLiterally any distributed object store, filestore, or OS (see Amoeba and Globe). Only need to add some security enhancements to some parts as others did for that and other use cases.