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"Another aspect of blockchain, as I often emphasize, is sociological: Blockchains are cool. If you announce that you are updating the database software used by
by arjunnarayan 10y ago
"Another aspect of blockchain, as I often emphasize, is sociological: Blockchains are cool. If you announce that you are updating the database software used by a consortium of banks to track derivatives trades, the New York Times will not write an article about it. If you say that you are blockchaining the blockchain software used by a blockchain of blockchains to blockchain blockchain blockchains, the New York Times will blockchain a blockchain about it."
https://www.bloomberg.com/view/articles/2017-01-10/bank-blockchains-and-an-alibaba-box https://www.bloomberg.com/view/articles/2017-01-10/bank-bloc...
- patio11 10y agoIt's basically impossible for me to have any insight on the financial markets which has not already been said, better, by Matt Levine.
- eternalban 10y agoHe omitted to mention dark pools & how blockchains can help there. https://en.wikipedia.org/wiki/Dark_liquidity https://en.wikipedia.org/wiki/Dark_liquidity [p.s.] The "social" angle was the most ridiculous thing I've ever [read]. Yeah, let's pour in tons of money to build a tech so it gets printed in the New York Times. Is this guy for real?
- bduerst 10y agoThis is tangental, but his analysis of Uber seems to be spot on: >Eventually there will be self-driving cars, and there's no special reason to think that Uber will be the best at building them, or that its dominant position in the ride-hailing-app space will protect it from better self-driving-car businesses.