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Finhub: SEC’s Strategic Hub for Innovation and Financial Technology

46 points by miobrien 8y ago

seibelj 8y ago
It’s incredible that the federal government has realized the disruptive nature of blockchain technology to the financial ecosystem before most commenters on HN. In 5 years, I believe most entrepreneurs reading this forum will be raising money and managing their cap table using the blockchain.
- Terretta 8y ago
  Via DHS and NIST, the answer is on 42: https://nvlpubs.nist.gov/nistpubs/ir/2018/NIST.IR.8202.pdf https://nvlpubs.nist.gov/nistpubs/ir/2018/NIST.IR.8202.pdf Is that page number a coincidence? I wonder. Anyway, here are a bunch of other decision trees as well: https://medium.com/@sbmeunier/when-do-you-need-blockchain-decision-models-a5c40e7c9ba1 https://medium.com/@sbmeunier/when-do-you-need-blockchain-de... Cutting through the noise: http://tommykoens.com/wp-content/uploads/2018/09/blockchain-alternative.pdf http://tommykoens.com/wp-content/uploads/2018/09/blockchain-...
- ptd 8y ago
  People were saying that 5 years ago. Don’t get me wrong, I think blockchain will(and already has) many useful qualities, but I don’t see it as a magical senzu bean that will take over finance.
  - paulgrant999 8y ago
    depends. on market conditions. it has some serious potential for disruption; but not from a technological standpoint i.e. the tech itself, is simple; i.e. the particular use drives the advantages of adoption; rather than the technology itself.
- miketery 8y ago
  If by blockchain you mean a database that has cryptographic security (e.g. signing by various parties) then yes. If you mean proof of work or proof of stake based blockchain, hmm unlikely. Though those that are proof of work or proof of stake may serve as a base for other platforms. If anything blockchain is too broad a term. The good thing that's coming out of the "blockchain revolution" is that people are coming to understand that programming/logical literacy is and will be as important as language literacy, as well as importance of cryptography for building trusted systems. But let's not call that blockchain.
- browsercoin 8y ago
  That's not what they are doing here at all. This is a thinly veiled regulatory body which will pretty much ban/kill all PoW/PoS/or anyother pseudo science blockchain projects. It will likely shut down once they realize corporate America has pretty much ditched blockchain and has moved on. The people who are writing optimistic comments are grasping at straws. Blockchain industry had 5 years to go mainstream. All it did was create financial ruin for duped investors while enriching those who bought the pre-sale at restrictive amounts of capital to risk. Blockchain is a shitty and slow database nobody asked for apart from the people selling it's tokens that is somehow necessary to appreciate and depreciate in value on terms dictated by the very controllers. SEC will blow you out of the water if you've been caught pumping and dumping. I am in the process of reporting/sending slack screenshots of people in Vancouver to the SEC for pumping and dumping. Justice is coming. In the form of US extradition.
  - eaurouge 8y ago
    I see you have a habit of making wild proclamations on the SEC's intentions. Here's another of your citation-free declarations in which you display your limited understanding of the SEC's mandate: https://news.ycombinator.com/item?id=18188007 https://news.ycombinator.com/item?id=18188007. So I ask, what data do you have to back up your claims? > That's not what they are doing here at all. This is a thinly veiled regulatory body which will pretty much ban/kill all PoW/PoS/or anyother pseudo science blockchain projects. Do you have some proof, perhaps a link to something, to share with us? > It will likely shut down once they realize corporate America has pretty much ditched blockchain and has moved on. The people who are writing optimistic comments are grasping at straws. Same question, what proof do you have of what the SEC plans to do?
  - eaurouge 8y ago
    For some reason my previous reply has been flagged/deleted. Perhaps the person responsible for flagging or deleting my comment can leave a comment describing why my comment has been flagged. And my questions to browsercoin still stand. If you have some evidence to back up your statements on the SEC's intentions, I would appreciate you sharing those.

46 points by miobrien 8y ago

It’s incredible that the federal government has realized the disruptive nature of blockchain technology to the financial ecosystem before most commenters on HN. In 5 years, I believe most entrepreneurs reading this forum will be raising money and managing their cap table using the blockchain.

Terretta 8y ago
Via DHS and NIST, the answer is on 42: https://nvlpubs.nist.gov/nistpubs/ir/2018/NIST.IR.8202.pdf https://nvlpubs.nist.gov/nistpubs/ir/2018/NIST.IR.8202.pdf Is that page number a coincidence? I wonder. Anyway, here are a bunch of other decision trees as well: https://medium.com/@sbmeunier/when-do-you-need-blockchain-decision-models-a5c40e7c9ba1 https://medium.com/@sbmeunier/when-do-you-need-blockchain-de... Cutting through the noise: http://tommykoens.com/wp-content/uploads/2018/09/blockchain-alternative.pdf http://tommykoens.com/wp-content/uploads/2018/09/blockchain-...
ptd 8y ago
People were saying that 5 years ago. Don’t get me wrong, I think blockchain will(and already has) many useful qualities, but I don’t see it as a magical senzu bean that will take over finance.
- paulgrant999 8y ago
  depends. on market conditions. it has some serious potential for disruption; but not from a technological standpoint i.e. the tech itself, is simple; i.e. the particular use drives the advantages of adoption; rather than the technology itself.
miketery 8y ago
If by blockchain you mean a database that has cryptographic security (e.g. signing by various parties) then yes. If you mean proof of work or proof of stake based blockchain, hmm unlikely. Though those that are proof of work or proof of stake may serve as a base for other platforms. If anything blockchain is too broad a term. The good thing that's coming out of the "blockchain revolution" is that people are coming to understand that programming/logical literacy is and will be as important as language literacy, as well as importance of cryptography for building trusted systems. But let's not call that blockchain.
browsercoin 8y ago
That's not what they are doing here at all. This is a thinly veiled regulatory body which will pretty much ban/kill all PoW/PoS/or anyother pseudo science blockchain projects. It will likely shut down once they realize corporate America has pretty much ditched blockchain and has moved on. The people who are writing optimistic comments are grasping at straws. Blockchain industry had 5 years to go mainstream. All it did was create financial ruin for duped investors while enriching those who bought the pre-sale at restrictive amounts of capital to risk. Blockchain is a shitty and slow database nobody asked for apart from the people selling it's tokens that is somehow necessary to appreciate and depreciate in value on terms dictated by the very controllers. SEC will blow you out of the water if you've been caught pumping and dumping. I am in the process of reporting/sending slack screenshots of people in Vancouver to the SEC for pumping and dumping. Justice is coming. In the form of US extradition.
- eaurouge 8y ago
  I see you have a habit of making wild proclamations on the SEC's intentions. Here's another of your citation-free declarations in which you display your limited understanding of the SEC's mandate: https://news.ycombinator.com/item?id=18188007 https://news.ycombinator.com/item?id=18188007. So I ask, what data do you have to back up your claims? > That's not what they are doing here at all. This is a thinly veiled regulatory body which will pretty much ban/kill all PoW/PoS/or anyother pseudo science blockchain projects. Do you have some proof, perhaps a link to something, to share with us? > It will likely shut down once they realize corporate America has pretty much ditched blockchain and has moved on. The people who are writing optimistic comments are grasping at straws. Same question, what proof do you have of what the SEC plans to do?
- eaurouge 8y ago
  For some reason my previous reply has been flagged/deleted. Perhaps the person responsible for flagging or deleting my comment can leave a comment describing why my comment has been flagged. And my questions to browsercoin still stand. If you have some evidence to back up your statements on the SEC's intentions, I would appreciate you sharing those.