Well, just the fact that it’s 100% transparent is a step forward compared to the stock exchange as it is at the moment and otherwise your comment also applies to the stock exchange as it is working now…
Just trying to be more neutral in my analysis of the question, there’s major issues with the stock exchange, some of them would be solved by the adoption of blockchain, I’m not saying it would make everything better, I’m just saying that OP’s top comment might have been a bit exaggerated.
Hell, even the efficiency thing, if it’s centralized and they have their own network (instead of relying on an existing network) it can use the same amount of energy as the system they’re using right now…
the plane’s made of perspex and the wires are salt-soaked strings wrapped in liquorice strips for isolation but it’s fine, our designer signed off on it
Wasn’t the space ship in Niven’s Ringworld series both literally indestructible and transparent? There’s no way I’m going back to check because Niven is one of those authors I realized decades after reading him was a dirty old man.
I mean, it’s not as if stock exchanges were working that well at the moment even though they’re opaque… A centralized blockchain vs a centralized database like is used at the moment isn’t much different, except that in the first case at least everyone can see what’s going on behind the curtain if they feel like it… Same principle as open source projects, the program runs no matter if the code is made public or not, but if it’s made public the people who are interested in that can at least check how things work.
Well, just the fact that it’s 100% transparent is a step forward compared to the stock exchange as it is at the moment and otherwise your comment also applies to the stock exchange as it is working now…
if you’re gonna come in here and spew coiner bullshit at least make it entertaining for fuck’s sake
I was vacillating so, so hard on replying to this one
Just trying to be more neutral in my analysis of the question, there’s major issues with the stock exchange, some of them would be solved by the adoption of blockchain, I’m not saying it would make everything better, I’m just saying that OP’s top comment might have been a bit exaggerated.
Hell, even the efficiency thing, if it’s centralized and they have their own network (instead of relying on an existing network) it can use the same amount of energy as the system they’re using right now…
“we made the plane 100% transparent! now you can tell if the pilots are doing anything bad, it’s a major step forward. also it doesn’t really fly now”
the plane’s made of perspex and the wires are salt-soaked strings wrapped in liquorice strips for isolation but it’s fine, our designer signed off on it
Wasn’t the space ship in Niven’s Ringworld series both literally indestructible and transparent? There’s no way I’m going back to check because Niven is one of those authors I realized decades after reading him was a dirty old man.
no idea, never read
I mean, it’s not as if stock exchanges were working that well at the moment even though they’re opaque… A centralized blockchain vs a centralized database like is used at the moment isn’t much different, except that in the first case at least everyone can see what’s going on behind the curtain if they feel like it… Same principle as open source projects, the program runs no matter if the code is made public or not, but if it’s made public the people who are interested in that can at least check how things work.