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I'll put my money on an actual tech company coordinating with banks rather than a bank itself for the mere fact that a tech company most likely will know it bet

I'll put my money on an actual tech company coordinating with banks rather than a bank itself for the mere fact that a tech company most likely will know it better and attempt to do it more securely than outsource consultants to put it together for me. IBM's World Wire - https://www.youtube.com/watch?v=GtQY8Jfa4NA https://www.youtube.com/watch?v=GtQY8Jfa4NA Also full disclosure I have been buying a little bit of stellar here and there since it was less than 2 cents, before IBM even partnered with Stellar. Now IBM attempting to coordinate many banks worldwide to be able to transfer money seamlessly. I'm still waiting for the day we get payed per minute our salary and have to manage cash flows rather than balances.

solotronics 8y ago
I had a realization the other day when I rented a sports car on vacation. In the future you will just show up to a garage and scan QR code to view and accept contract for car rental. It would charge you by the minute so you can drop it off whenever you want. Also, if something came up and you wanted to leave the car somewhere else or switch cars, the cost to transport the car to another "share garage" would be easily calculated.
- Nursie 8y ago
  They have this with car clubs all over the place already.
- dmitriid 8y ago
  Car2Go, DriveNow, Sunfleet, countless others have existed for years with more-or-less literally that model.
Nursie 8y ago
> I'll put my money on an actual tech company coordinating with banks rather than a bank itself Banks basically are tech companies these days. I'd put JPMC's development capabilities over and above IBM's any day, and their domain knowledge much higher. (Disclaimer - I've worked for both, but obviously speak for neither)
- aphextim 8y ago
  I guess people can change, I just trust someone who went into the space willingly rather than doing it only after they realize there is money to be made and fear of being left behind. https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin...
  - Nursie 8y ago
    I'm not asking you to trust that the intentions of either one. I wouldn't. IBM is a technology company that wishes it wasn't involved in technology any more. They want to be a business services company, and that's where they make a lot of their money. The tech side is old, mostly using out of date working practices, creating software slowly and (IMHO) badly. JPMC are a huge bank and will do anything that makes money. But OTOH - so what if he thinks BTC is a huge fraud? That doesn't stop them using a blockchain in a different way, does it?
qaq 8y ago
https://github.com/jpmorganchase https://github.com/jpmorganchase You are selling JPM short they have pretty good tech talent and a lot of resources and domain expertise.

solotronics 8y ago

I had a realization the other day when I rented a sports car on vacation. In the future you will just show up to a garage and scan QR code to view and accept contract for car rental. It would charge you by the minute so you can drop it off whenever you want. Also, if something came up and you wanted to leave the car somewhere else or switch cars, the cost to transport the car to another "share garage" would be easily calculated.

Nursie 8y ago
They have this with car clubs all over the place already.
dmitriid 8y ago
Car2Go, DriveNow, Sunfleet, countless others have existed for years with more-or-less literally that model.

Nursie 8y ago

> I'll put my money on an actual tech company coordinating with banks rather than a bank itself Banks basically are tech companies these days. I'd put JPMC's development capabilities over and above IBM's any day, and their domain knowledge much higher. (Disclaimer - I've worked for both, but obviously speak for neither)

aphextim 8y ago
I guess people can change, I just trust someone who went into the space willingly rather than doing it only after they realize there is money to be made and fear of being left behind. https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin-is-a-fraud/ https://99bitcoins.com/jpmorgan-ceo-jamie-dimon-says-bitcoin...
- Nursie 8y ago
  I'm not asking you to trust that the intentions of either one. I wouldn't. IBM is a technology company that wishes it wasn't involved in technology any more. They want to be a business services company, and that's where they make a lot of their money. The tech side is old, mostly using out of date working practices, creating software slowly and (IMHO) badly. JPMC are a huge bank and will do anything that makes money. But OTOH - so what if he thinks BTC is a huge fraud? That doesn't stop them using a blockchain in a different way, does it?

qaq 8y ago

https://github.com/jpmorganchase https://github.com/jpmorganchase You are selling JPM short they have pretty good tech talent and a lot of resources and domain expertise.