Patrick Byrne Sees Bank Blockchain Consortium R3 as an Attempt at Regulatory Protectionism
Permissioned blockchains have been one of the biggest trends in fintech lately, and R3 is the blockchain consortium that appears to have the largest amount of support from some the biggest financial institutions in the world. The firm has been met with quite a bit of skepticism in the Bitcoin community, with many of the digital payment system’s supporters claiming that the blockchain does not make much sense without some sort of underlying token.
Overstock CEO Patrick Byrne was the final speaker on day two of Blockchain Agenda San Diego on Tuesday, and he shared his overall thoughts on Wall Street’s entrance into the blockchain world. Although Byrne does not appear to be completely tied down to the Bitcoin blockchain, it’s clear that he does not trust the entities behind R3.
Is Wall Street a Bigger Issue Than Regulation?
http://insidebitcoins.com/news/patrick-byrne-sees-bank-blockchain-consortium-r3-as-an-attempt-at-regulatory-protectionism/36264
Topic: [2015-12-18] Patrick Byrne Sees Bank Blockchain Consortium R3 as an Attempt..... (Read 226 times)
December 18, 2015, 08:28:57 PM
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