Ah Bitcoin, what have ye wrought, that IBM is trying to sell JPMorgan on permissioned USD-backed stablecoins.
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The bull case for blockchain: Slow databases are worse than fast databases, inarguably. But if this particular slow database sets fire in the hearts of non-technical decisionmakers, it might cause the non-technical collaboration to e.g. drive down money transfer flight times.
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"You know we could do a few months of boring stakeholder management and get ACH down to basically instantaneous if we stopped doing nightly CSV uploads and adopted a REST API." "Everything you just said sounds boring to me." "Or we could blockchain." "Ooh tell me more!"
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"...“what if we told you there was a way to transfer money without putting gold coins in a sack, loading them on a horse and crossing a mountain range to reach their destination?” And the banks are like “what is this witchcraft?”" is my favorite part.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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