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Investment banks don't use Visa to transfer money and bitcoin isn't replacing electronic trading platforms.
by kneel 10y ago
Investment banks don't use Visa to transfer money and bitcoin isn't replacing electronic trading platforms.
- notahacker 10y agoSure, my point is that where systems are optimised for speed Bitcoin is miles behind the curve. If a distributed ledger is simply updating to reflect the authoritative accounts of a centralised authority I'm not really seeing what trustlessness is adding to the reconciliation process either.
- kneel 10y agoIn a trustless decentralized world (ie the web) more speed means less security. There is definitely an equilibrium between centralized and decentralized systems. I realize I'm starting to sound like a crackpot so I'll just recommend the writings of a more well-respected crackpot Dee Hock (founder of Visa Inc.) https://www.ratical.org/many_worlds/ChaordicOrg.pdf https://www.ratical.org/many_worlds/ChaordicOrg.pdf
- occamrazor 10y agoTARGET2 settles within seconds.