Viewing profile — thedancollins

Phft, amateur. I've forgotten more ways to screw stuff up than this person ever knew.

Take two software startups. StartupA hires nothing but the stereotypical "software engineer". StartupB hires nothing but the stereotypical "product engineer". Which startup will be…

I would think the positive feelings are mostly what I've heard called "Opponent Process Theory". I mean, if you subject yourself to the violence, lyrics, melody, rhythms, of death …

We used Jira for a year doing a "semi-Scrum" development framework ... you know the one where you throw Agile terms around like you have any idea what they mean ... it went well en…

Can anyone tell us if WeChat's inability to flex to the Indian market was intentional and "arrogant" or was it unintentional? They call them "blind spots" for a reason.

Sorry it took me so long to get back to you. Yes, the breathless proclamations of blockchain Armageddon (or Paradise) are tiring. I agree. And it is part of my souring on the whole…

>Nope, no barter - exchanged goods for currency, not for goods Tomayto - tomahto amigo! I mean when the seller receives payment. And I concede that there are banks that are releasi…

I mean that the potential impact that a blokchain-based system could have on the way we generate and exchange value - could be revolutionary. It could be one way that wealth distri…

One of the ideas is that smaller payment amounts are viable on a blockchain - and there will be mining or transaction fees assessed but there will be fewer and smaller fees. Point-…

>Because in the real world fiats are orders of magnitude more stable than cryptos. Yes, but if you'll allow me a little latitude - the fiat currency is under centralized control. A…

Ah, point taken! One of the obvious courses is that there wiull be multiple blockchains each handling various arenas. In that case we run into the interesting blockchain-of-blockch…

My friend, we are living in the Age of Complexity. Do you see ANY aspect of our lives that is getting simpler? Saying that the world doesn't need a realtime market for the valuatio…

This is a perfectly cromulent response (see what I did there)? I'd argue that you did not settle a transaction but more exchanged in a barter of one item for another. I am glad it …

And the reason for the spikes - blockchain technology struggles to handle large transaction volumes. The consensus mechanism monitors block creation time and tries to keep it at 10…

I would offer that the value is the distributed ledger. Where everyone would see the quality of your business dealings because you kept them on a stable blockchain for all to see.

Yes, you have paper money in your possession that is only worth as much as a centralized bank SAYS it is. And the awesome thing about that is that centralized banks never print rid…

The technology cannot support millions of transactions per second - at least not in the case of a bitcoin blockchain which uses a PoW consensus mechanism. I am not sure how to resp…

You are not grasping the import of being able to exchange value WITHOUT a banking system in place. As for the credit requirements comment, yes - good point. But in the case of a mi…

A blockchain is a ledger of all transactions, yes. Son the result is transparency.

Well ok, buit I was talking about transactability - not throughput. I have stated numerous times that the tech struggles to be viable at scale. On Bitcoin's blockchain you can tran…

FWIW, if a single actor could take command of more than 50% of a chain's hashrate then yes, they could take over and rewrite history. The theory was that this would be far too expe…

I am not that Dan Collins. And as for an example - credit card transactions. I am sure somebody else can provide more color but it is my understanding that there are 6 or 7 interme…

I like the Bangkok example because it highlights that one of the problems we have in the "more developed" world economies is that we have existing systems and financial institution…

Ok, but counterpoint is obvious. Are there people using blockchain for illicit purposes? Yes. And also water is wet. There are also many people using cash for illicit purposes. And…

From a technical perspective, yes. But the case for blockchain is difficult to make from a technical perspective so I do not bother talking about it. The tech struggles to be viabl…