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After receiving $700,000 to research blockchain, the government's Digital Transformation Agency has discovered out that "for every use of blockchain you would consider today there is a better technology". #estimates
The DTA has gone cold on blockchain after it received $700,000 from the govt to research it, saying it is at the "top of a hype cycle" and "for every use of blockchain you would consider today there is a better technology". My story for @Innov_Aus:https://www.innovationaus.com/2018/10/DTA-goes-cold-on-blockchain …
For the record: I regret ever tweeting about blockchain and also regret not checking for typos.
Assuming that it is well researched, documented, and supported, well worth the money imo.
I can't quickly find a link - @denhamsadler do you have one to hand? or was this a press release?
It was said at senate estimates this morning - transcript should be up later this week.
The link when the 23 October transcripts are released will be on this page https://www.aph.gov.au/Parliamentary_Business/Hansard/Estimates_Transcript_Schedule …
strange... when I google that all i get is stories about how many gov't agencies are experimenting with the tech and generally positive use cases... maybe just my google "bubble" you got a link
It was at senate estimates this morning.
They're probably wrong, I think.
Funny, I have yet to talk to a single person who has not said "okay, yea... this is the future of money" after actually sending value across the planet in just a few seconds using Bitcoin. 
*45 minutes and with a big transaction fee
My last international wire, ~$10k took 3 days and cost $105 by the time you factored in sending fee, reciving fee and conversion. You can send $millions for less than $1 and have 3 confirmations in less than 3 hours, the reciever will see the transaction almost instantly
laugh all you want, ~$194mm moved, <$0.1 paid https://www.blockchain.com/btc/tx/bace354d53088d92740485ade3211309d80b427355b931a790575b6646970202 …
And suddenly crickets
this is 100% the correct conclusion, and I hope they went through the sensible process of spending $25 on my book, writing the conclusion, and spending the next $699,975 on the booze that is medically necessary to recover from knowing about blockchains
Nah, they put the rest in bitcoin
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