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Maybe I'm missing something but why is this interesting? It's not related to cryptos at all. Isn't this just a public database owned by one entity?
by whitepaint 6y ago
Maybe I'm missing something but why is this interesting? It's not related to cryptos at all. Isn't this just a public database owned by one entity?
- LeonM 6y agoDutch citizen here. As far as I can tell, this is programmable money backed by legal digital signatures. For the first time since the whole blockchain hypetrain started I am actually interested in this. The Netherlands doesn't 'need' cryptocurrencies, as our banking system already works very well. We can already easily transfer money for free using a mobile phone (apps known as 'Tikkie', and 'betaalverzoek'). We have a secure and instant online payment system (called 'iDEAL') since 2006, which works very well. We also have some pretty decent ways to do digital signatures (called 'DigiD' and 'e-Herkenning'). I believe that any blockchain tech would be a step back when it comes to cost, insurance and end-user convenience. Seeing an alternative payment system that is programmable seems refreshing to me. I just wished they didn't use the word 'blockchain' in their marketing lingo.
- whitepaint 6y ago> As far as I can tell, this is programmable money backed by legal digital signatures. Oh, I didn't get that from the article. You mean people can implement logic using smart contracts and such?