- Credit Suisse has been one of many financial establishments that have called for the development of blockchain-based financial systems
- The blockchain is increasingly recognized as the most significant technical innovation of bitcoin
- Bitcoin is the most developed system predicated on blockchain
Topic: Credit Suisse Identifies 8 Barriers to Blockchain Adoption (Read 458 times)
This is significant:
Here is my assessment:
- Security vs Cost Trade-off: Bitcoin is more secure.
- Misconception on the Relevance of Blockchain: Bitcoin won't solve this.
- Network Consensus: Not a problem with Bitcoin. Bitcoin is already up and running.
- Data: It depends on how banks decide to use block chains.
- Vulnerability: Bitcoin is more secure.
- Securing Data: Bitcoin has the same problem.
- On and Off-Chain Identity: Bitcoin has the same problem.
- DAO Attack: Bitcoin has an advantage, though no block chain can guarantee 100% immutability.
Banks r obsolete
Probably won't matter in 5 years or less: Credit Suisse is apparently only slightly more solvent than Deutsche Bank. Both are tipped to become the next Bear Stearns/Worldcom/Enron. So they can carp all they want, the credibility of their assessments on any/all matters 21st century is already highly questionable if you look at their poor performance (serious understatement for an insolvent bank, lol) in the financial sphere. Bitcoin, as an investment, has outperformed Credit Suisse by multiple orders of magnitude.
Credit Suisse identified eight barriers to blockchain adoption in their latest report...
https://btcmanager.com/news/finance/credit-suisse-eight-barriers-to-blockchain-adoption/
But could Bitcoin be the solution they are looking for, but they just have their heads buried in the sand?
Let us know what you think, leave a comment below.
https://btcmanager.com/news/finance/credit-suisse-eight-barriers-to-blockchain-adoption/
But could Bitcoin be the solution they are looking for, but they just have their heads buried in the sand?
Let us know what you think, leave a comment below.
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