"Blockchain is a once-in-our-lifetime opportunity to convince finance firms to agree on an API; worth ponzis to get there." is an argument.
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Replying to @patio11
I don't particularly think that it is a *good* argument, but it avoids saying anything untrue about the technologies at play.
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Replying to @patio11
There's an earnest Bitcoiner argument about the Byzantine general problem as an important one in computer science, trustless systems, etc.
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Replying to @patio11
This one is practical: "Oracle. IBM. Cisco. If you get to ubiquity you make billions of dollars; tech neither sufficient nor necessary."
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Replying to @patio11
(For additional layer of cynicism, add "The self-organizing distributed ponzi schemes are, in fact, necessary to get the industry adoption")
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Replying to @patio11
"So do you agree with this?" No, not really. Incremental adoption of technologies happens; really really slow followed by Shockingly Fast.
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Replying to @patio11
A lot of the blockchain enthusiasm is "Eff it I just want a REST API endpoint I can use to move money from an account to another account."
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Replying to @patio11
And that doesn't exist anywhere, and won't exist anywhere, until it exists somewhere, and then every bank will have it in 24 months.
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Replying to @patio11
“How do I move $2000 across international borders” is an exercise in “you’ve got to be kidding me.”
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(This is a Clayton Christensen disruption situation where it's actually easier if recipient is in one of a set of poorer countries.)
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Replying to @patio11 @QuinnyPig
(I mean if you want to send $2k from US to Mexico that's actually a pretty good user experience. Far less so on US to e.g. Japan.)
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Replying to @patio11
God forbid you make it $20,000 and a country in the Middle East.
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