25 ms·
Open ledgers could indeed be a good thing, but no need for blockchain for that, the legislature could simply require all banks to dump all tx daily in a standar
by meltedcapacitor 5y ago
Open ledgers could indeed be a good thing, but no need for blockchain for that, the legislature could simply require all banks to dump all tx daily in a standard format (a payment system version of what the SEC's EDGAR does for US public company disclosures).
- aflag 5y agoThat wouldn't track informal trades made with cash. With a common ledger there would be no way to circumvent the system.