We can all sleep better now -FinCEN recently launched a series of examinations of cryptocurrency businesses http://bit.ly/1FVzi1O #bitcoin
@prestonjbyrne @haydentiff @iang_fc No. Consumer PKI has same problem which is why we don't have many client certificates in decades of PKI.
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@prestonjbyrne@haydentiff@iang_fc Identity is local, insecure, and labor-intensive. Block chain is global, secure, and automated. -
@NickSzabo4@prestonjbyrne@haydentiff@iang_fc Don't forget "massively inefficient". -
@jackgavigan@nickszabo4@prestonjbyrne@haydentiff Which? both blockchain and today's identity could be considered massively inefficient … -
@iang_fc@JackGavigan@prestonjbyrne@haydentiff Labor costs are far higher than computational costs, and the gap widens each year. -
@nickszabo4@jackgavigan@prestonjbyrne@haydentiff Concur. Which is why cost must be placed with users, DIY. -
@iang_fc@JackGavigan@prestonjbyrne@haydentiff Which is why users won't buy into labor-intensive online services. -
@nickszabo4@jackgavigan@prestonjbyrne@haydentiff Couldn't agree more. Selling identity as a service is a dumb idea. - End of conversation
New conversation -
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