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In all these Fintech initiatives, I have not read a single line about what will secure the unforkability of their block chain; Which is Bitcoin's innovation. H
by BenoitP 10y ago
In all these Fintech initiatives, I have not read a single line about what will secure the unforkability of their block chain; Which is Bitcoin's innovation.
How will they do it? Random election? Vote? Majority? Everyone can veto?
I guess that in a network of firms who already work together, and already have reconciliation rules, you need less trust.
So is this just the Fintech industry realizing they need to upgrade from their hand-made batch settling at the end of the day to a real time shared ledger?
- tryitnow 10y agoHah. Yes, from my overview, that pretty much seems like what's going on. Oh well, as long as they upgrade their laughably antiquated systems, all's well, even if they have to justify with buzzwords and tech hype.