41–50 of 93 posts
I predict we will see a huge hammer come down from SEC & IRS surrounding ICOs in 2017 as well.
I can't say I'm all that surprised. R3 serves as both an R&D lab and a place to connect vendors and potential clients. Moreover, the focus is on private/permissioned blockchain tech. The tech in this space is still quite immature overall and pretty much everyone has had a hard time building actual blockchain infrastructure vs things that are sorta like a blockchain. If you can't show clients value for their membershi…
Why doesn't the financial industry consider a public blockchain? How do big financial companies consider resolving adversity like judgments/liens/etc against an settlement based system that's an automaton?
Earlier quoted context omitted.
A colorful Andrew Jackson quote. The Bank War was a little more complex and Jackson himself was no innocent. https://en.wikipedia.org/wiki/Bank_War He also said: All the rights secured to the citizens under the Constitution are worth nothing, and a mere bubble, except guaranteed to them by an independent and virtuous Judiciary. John Marshall has made his decision; now let him enforce it!
I am a firm believer that we should not judge people from the past using the moral standard of today. Remember that even Obama opposed gay marriage up until a couple years ago.
Angry rhetoric against middlemen, how predictably simplistic of you.
It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society — the farmers, mechanics, and laborers — who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing.
pretty damn relevant today. (rent seeking, crony capitalism, lobbyists writing the bills)
Earlier quoted context omitted.
I am a firm believer that we should not judge people from the past using the moral standard of today. Remember that even Obama opposed gay marriage up until a couple years ago.
And yet you quoted someone from the past as an exemplar regarding a moral issue of today. You kinda opened that door.
Earlier quoted context omitted.
Why doesn't the financial industry consider a public blockchain? How do big financial companies consider resolving adversity like judgments/liens/etc against an settlement based system that's an automaton?
the real answer is because they have a monopoly on clearance mechanisms in the status quo, and want to retain control over it.
Earlier quoted context omitted.
Reminds me of this quote: "Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the ban…
GS didn't receive any direct bailout funds. Only what it received via AIG which wasn't all that much.
http://usatoday30.usatoday.com/money/economy/2009-04-14-tarp...
Angry rhetoric against middlemen, how predictably simplistic of you.
I can't say I'm all that surprised. R3 serves as both an R&D lab and a place to connect vendors and potential clients. Moreover, the focus is on private/permissioned blockchain tech. The tech in this space is still quite immature overall and pretty much everyone has had a hard time building actual blockchain infrastructure vs things that are sorta like a blockchain. If you can't show clients value for their membershi…
Why doesn't the financial industry consider a public blockchain? How do big financial companies consider resolving adversity like judgments/liens/etc against an settlement based system that's an automaton?
Earlier quoted context omitted.
Reminds me of this quote: "Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the ban…
A rousing quote from a genocidal madman who didn't understand finance and crippled the US economy for nearly a hundred years.
It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society — the farmers, mechanics, and laborers — who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. pretty damn relevant today. (rent seeking, crony capitalism, lobbyists writing the bills)