When someone says “a stateless society will never work” I hear “states will always provide services superior to private enterprises.”
@iAmWilliAmKing Certainly; we like to say that Bitcoin is “antifragile” - it grows stronger as a result of adversity.
3) Now we’re seeing entities trying to use block chains as databases for applications that don’t make much sense. That is, centralized DBs.
2) In the late 2000s I saw this happen a lot with nonrelational databases. Not every application should use a nonrelational database.
1) With the development of any new technology there will inevitably be misapplications of it as entities experiment with its potential.
@iAmWilliAmKing I suspect their endeavor won’t end well - using a block chain for a centralized system is pointless and inefficient.
@iAmWilliAmKing The utility and value of any block chain system is dependent upon the resources securing the system. http://t.co/RafKjSpfbx
@iAmWilliAmKing Possibly, but more importantly I see Bitcoin’s use as a currency as only one of many applications. https://t.co/kW1fbgLe3r
@iAmWilliAmKing Ripple is a value transfer system, not a standalone currency like Bitcoin. It’s not as open a system as Bitcoin.
“In God We Trust” is either an incredibly ignorant national motto or an incredibly clever motto, depending upon your perspective.
@iAmWilliAmKing @Ripple is an interesting payments technology, though it’s a fundamentally different beast than Bitcoin.