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Mark Carney Thinks Maybe Bitcoin Is A Useless Piece Of ‘Failed’ Digi-Shit
There is (almost) nothing I love more in the world than a deadpan, matter-of-fact take on Bitcoin delivered by a central banker.
The reason it's so entertaining when the monetary gods weigh in on cryptocurrencies is precisely because these are the people who, to let the crypto crowd tell it, are super-concerned about the purported "threat" to their monopoly on money.
Of course central bankers aren't any more "concerned" about cryptocurrencies "challenging" their control over money than Jamie D
Tracking supply chains and financial accounting are the most straightforward use cases. Also the deployment and management of smart contracts.
RE: Your link to Kai Stinchcombe’s article “Ten years in, nobody has come up with a use for blockchain.”
Kai’s right, of course, and his article is funny because it’s true. But the dozens of programmers (discounting the thousands of crypto miners) that responded to Kai are also correct, when they basically retort that TCP and the Internet were originally planned as DoD networks and not a means, for example, to shoe string a macro economic service readily accessed globally. Even though you are very good at it and it is funny. Perhaps, something like Ripple comes along and does the opposite of anonymous, and distributed, and puts some of these blockchain ideas to relevant use? Or maybe some of the ideas are taken by financial firms, also doing the opposite, to automate back office transactions? Or, perhaps the whole idea is trash. Either way, thanks for the link to Kai’s article I didn’t get an opportunity to see it until you l linked it!
To make matters worse…..there is a Bitcoin crime wave. Criminals love the stuff…..put a gun to a Bitcoin owners head and have them transfer millions to an anonymous account. Sounds like a lot of fun.