If they timestamp all transactions, it would be very hard for them to manipulate.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the ‘Concrete Club’ of the banking sector as RBS announces an eighth year of losses after yet more fines for yet more ‘bad conduct.’ In the second half, Max interviews Taiwanese shipping tycoon Nobu Su about the lawsuit he’s filed in Singapore against RBS for billions in losses on swaps
https://www.rt.com/shows/keiser-report/334117-episode-max-keiser-882/
Watch from 15 minutes in, Nobu Su talks about banks and blockchains.
Topic: This has to be the "Peak of 'Blockchain'"? (Read 374 times)
It still astounds me how everyone tries to tip-toe around Bitcoin by mentioning their involvement with Blockchain Technologies. To me it finally appears to be the crescendo of the third stage of grief - Bargaining.
I would love to ask Standard Charter, IBM, ISITC, DH Corp, Bank of America, South Korea's Security Exchange, the Russian Government, and Sequoia Capital - which are only the first page and about 90% of the available space on Coindesk today, what size of network they have instituted? How many nodes do they feel they would have to have to be protected? What kind of protocol would they use and the associated hardware behind that? Scrypt, ASIC for example? Are they willing to let the validation of the many protect their data and "Blockchains?"
It is a rhetorical question because I am pretty certain they don't have the foggiest idea. When the education in implementation comes around, I believe most of the executives will be mildly horrified at the options.
They will begin to try to control it, in fact I would suspect to the provisioning of their own hardware beyond ASIC. Which means they begin to open up pandora's box to a new era of counterfeiting as everyone and their brother try to mimic the chip designs and algorithms to fork or double spend the tokens associated with the protection of whatever data they deem valuable.
I am looking forward to all this coming around full circle. It should be a lot of fun!
I would love to ask Standard Charter, IBM, ISITC, DH Corp, Bank of America, South Korea's Security Exchange, the Russian Government, and Sequoia Capital - which are only the first page and about 90% of the available space on Coindesk today, what size of network they have instituted? How many nodes do they feel they would have to have to be protected? What kind of protocol would they use and the associated hardware behind that? Scrypt, ASIC for example? Are they willing to let the validation of the many protect their data and "Blockchains?"
It is a rhetorical question because I am pretty certain they don't have the foggiest idea. When the education in implementation comes around, I believe most of the executives will be mildly horrified at the options.
They will begin to try to control it, in fact I would suspect to the provisioning of their own hardware beyond ASIC. Which means they begin to open up pandora's box to a new era of counterfeiting as everyone and their brother try to mimic the chip designs and algorithms to fork or double spend the tokens associated with the protection of whatever data they deem valuable.
I am looking forward to all this coming around full circle. It should be a lot of fun!
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