paddy10tellys Bronze ✭✭✭
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and so the apple is faulted for not being an orange @SpontaneousOrder it is a false analogy to equate Visa & the bitcoin network.
Mike Hearn should Trollax, see https://fixingtao.com/2016/01/point-by-point-response-to-mike-hearns-final-bitcoin-post/
The biggest problem bitcoin faces is that most commentators don't know enough computer science & economics to properly understand it, so it becomes witchcraft. Debate always degenerates into argy-bargy.
FinTech pioneers like Goldmoney don't need to be afraid of Bitcoin, they need to leverage it.
One's head can be removed from one's bleep if one cares to take a paradigm-shift...
@JacHumphrey you are a splendid jargonsphargonmeister! Respect.
Aurum time stamps digital transactions to solve the double-spend problem and achieves distributed consensus amongst interersted gold counterparites using a bit of crypto internally but it's not a proper blockchain. It's a matchmaking algorithm.
I'm a Geekachu - I read the patent application https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016067223
The whole purpose of proper Blockchains is disintermediation - you don't need Goldmoney, or companies, to provide trust. You don't need them at all