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I think that's the point. Regulations on finance are, in part, to avoid attacks, scams, misunderstandings... Blockchains only offer some security in a part of t
by gjulianm 5y ago
I think that's the point. Regulations on finance are, in part, to avoid attacks, scams, misunderstandings... Blockchains only offer some security in a part of the transaction, but they do nothing for the "real world" part. If you want serious finance that people can rely on you'll end up looking like traditional, permissioned finance but on blockchain.
- Nextgrid 5y agoIf you have regulations you'll realize that they're mostly sufficient to secure transactions as well, at which point the blockchain becomes unnecessary as well.
- eterm 5y agoNot just secure them, but regulations and laws allow or require them to be overturned and reversed. At which point the blockchain becomes a hiderance.