@bascule The bank becomes an agent that operates on protocol, rather than a black box. Switching banks would be friction-less, no?
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@collintmiller if you design the protocol with TPPs in mind you can get rid of the PoW and come to consensus faster:http://tonyarcieri.com/the-death-of-bitcoin … -
@bascule That's a dense post :) The steam engine analogy makes perfect sense.
End of conversation
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@bascule the blockchain, duh!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bascule I'd love it if switching banks was as easy as submitting a transaction that said "Bank X can no longer act in my name."Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bascule I imagine bribes would be hard to hide if world markets were regulated to operate on a public blockchain.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bascule people can't think outside the paradigm of the "state"... they hate it but keep asking for more.Thanks. Twitter will use this to make your timeline better. UndoUndo
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