RE: The Manifestation of FinTech-Jesus to the Disciples of STEEM: Come, Follow Me
"Cryptocurrencies, crypto-assets, and blockchains will make it nearly impossible for a large institution to screw its customers, employees or the public and get away with impunity. "
Glad to hear that coming from somebody with your background. What is your take on Blythe and her crystal balls? Is she trying to help the JP Morgan's and other incumbents or leveraging the blockchain for whoever puts up the most buck on her table?:
I have only started researching fintech as of a few months - then bitcoin and now Steemit as a consequence. My learning curve is steep - but after having read the Tapscotts Blockchain Revolution and researched our own Dan I have hope for humanity again which I've almost lost in light of what IMF, Worldbank etc. are doing with the self-imposed regulatory authority.
Looking forward to your future updates ;-)
This was supposed to be between your quote and the video:
Glad to hear that coming from somebody with your background. What is your take on Blythe and her crystal balls? Is she trying to help the JP Morgan's and other incumbents or leveraging the blockchain for whoever puts up the most buck on her table?
I think this editor is not handling inserted videos to well - have been screwed up a few times with that already ;-)
Sorry for the slow reply - just noticed this post. I think DAH has got an amazing and rock-solid team....but I just don't know how much of an improvement the blockchain will be over existing settlement infrastructure. Goldman Sachs estimated that it could save banks about $11-12BN per year - which seems huge, but given the size of the banking industry it just seems like a rounding error. The intellectual capital that is being poured into blockchains is incredible - which obviously lends some credibility to the technology.
Thanks for your feedback - I'm sure we all will have more of an insight into this in the coming months/years. I think the blockchain technology has many more consequences beyond instant payments (where settlements are not necessary anymore ;-) - we shall see...