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> How is money also programmable money? Does he mean USD, USD as claimed by paypal, USD as claimed by venmo? Yes to all of those. Computers have been absolutel
by mpyne 12y ago
> How is money also programmable money? Does he mean USD, USD as claimed by paypal, USD as claimed by venmo?
Yes to all of those. Computers have been absolutely intertwined with finance and money for decades, so much so that it's become almost invisible to people. But just because it's so invisible you don't notice it doesn't mean that major economies haven't already been using "programmable money".
> machine to machine payments that can withstand any one buisness failing.
Business fail all the time, including business involved in payment processing with existing national currencies. That hasn't stopped machine-to-machine payments.
On the other hand Bitcoin has suffered payment stops in its history, which Patrick mentions in the linked tweetstorm.