I completely disagree. You are mixing block chain and cryptocurrencies. Also, I disagree on second point. We still have ` power at the hands of central banks, corrupt governments, expensive and flawed judicial systems, overcharging and underpayment by unethical insurance companies` *This is my main point, there is no actual business processes implemented.* Now this is all on speculation basis because it is `great technology`. Now is more about greed then something that can be good for all of us.
Not too mention very inefficient process for exchange that spend way too much energy, just the opposite what main idea was. Paying with cryptos looks expensive right now. Then fraud practices, literally taking your money etc, criminal practices etc. These are all valid problems. I think we all agree that blockchain is really good technology but it should not be about speculation. Also, I am a bit skeptical about how we are to avoid third parties completely. Wherever there are humans there could be disputes, frauds etc. Then again you need some kind of regulation. On 22 March 2018 at 05:10, Luke Kenneth Casson Leighton <l...@lkcl.net> wrote: > On Wed, Mar 21, 2018 at 9:16 PM, Hrvoje Lasic <las...@gmail.com> wrote: > > > ask yourself simple question: If all cryptocurencies are gone tomorrow, > > what would you miss? > > crypto-currencies are literally the first time in human history where > contracts can be made and honoured between one or more parties in an > atomic fashion *WITHOUT* third party intervention or arbitration. > > what would be missed? we would return to centralisation and abuse of > power at the hands of central banks, corrupt governments, expensive > and flawed judicial systems, overcharging and underpayment by > unethical insurance companies - the list goes on and on. > > crypto-currencies are right now in their infancy. > > l. > > _______________________________________________ > arm-netbook mailing list arm-netbook@lists.phcomp.co.uk > http://lists.phcomp.co.uk/mailman/listinfo/arm-netbook > Send large attachments to arm-netb...@files.phcomp.co.uk > _______________________________________________ arm-netbook mailing list arm-netbook@lists.phcomp.co.uk http://lists.phcomp.co.uk/mailman/listinfo/arm-netbook Send large attachments to arm-netb...@files.phcomp.co.uk
