Quote from: rebuilder on December 17, 2015, 01:43:12 PM

Quote from: Fatman3001 on December 17, 2015, 01:17:53 PM

Quote from: Tzupy on December 17, 2015, 01:14:12 PM

IBM, Linux foundation and big banks launch Open Ledger Project:
http://www.coindesk.com/ibm-launches-open-source-blockchain-project-backed-by-linux-and-big-banks/
I wonder if the Chinese care about this, if they do they should dump hard.

Isn't it still a closed centralized system?

Is it just me, or is the idea of a proprietary blockchain silly? If validation is done by only a few, or just one, party, why not just have a database?

I'm guessing they want all the good stuff without all the bad stuff.

But the thing is you can have all the good stuff without all the bad stuff on the Bitcoin blockchain. You don't have to buy drugs or finance terrorism with your coins. If you buy coins from a regulated exchange and sell them at a regulated exchange, and don't screw up in between, you're good.

An american diplomat who was talking about US/EU relations was quoted quoting Lenin: "Trust is good, control is better".

Corporations are creatures of habit.