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This covers the retail side. However I think there’s a lot to be said about modern, global, 24/7 infrastructure for institutions. Maybe crypto needs a rebrand.
by junofan 4y ago
This covers the retail side. However I think there’s a lot to be said about modern, global, 24/7 infrastructure for institutions. Maybe crypto needs a rebrand.
- twblalock 4y ago> However I think there’s a lot to be said about modern, global, 24/7 infrastructure for institutions. Ok, then say it! And explain how those institutions will be better served by crypto than what they currently use.
- NotYourLawyer 4y agoThey already have that. It’s called a database. Not clear to me how making it orders of magnitude slower and more expensive serves institutions well.
- shakow 4y agoIMU, the golden use case for crypto would be a database, but for entities that are in a perpetual Mexican standoff. So I guess that theorically, in its current form or another, it may find very good uses in e.g. exchanges (I know, bold of me to write this days after the whole FTX shabang).
- felixgallo 4y agoExchanges have existed since the beginning of time as neutral third party arbitration systems for entities that do not mutually trust each other to nevertheless transact. They use regular databases.
- twblalock 4y agoI've bought cars and houses and never had a problem. If I had enough money I could buy yachts, or airplanes, or entire companies. All of this could be done with the systems we have today. I cannot think of anything that is for sale that could not be purchased with dollars, if I had enough dollars. What problem does crypto really solve?
- NotYourLawyer 4y agoRansomware payments.