Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Meanwhile at the PwC/Blockstream meeting:
[img]http://vignette2.wikia.nocookie.net/lotr/images/5/5b/Fingolfin_vs_Morgoth_05.jpg
"So, we can funnel all the traffic through PwC-servers with something called The Lightning Network?"
[img]http://vignette2.wikia.nocookie.net/lotr/images/5/5b/Fingolfin_vs_Morgoth_05.jpg
"So, we can funnel all the traffic through PwC-servers with something called The Lightning Network?"
Blockstream isn't selling its soul to PricewaterhouseCoopers.
Rather, it is PwC that is selling its soul to the blockchain. It's their Come To Jesus moment, wherein they seek forgiveness and redemption.
PwC knows which way the wind is blowing; it's blowing in the direction of davout's famous maxim.
The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain". -davout
Yet there you are, trying to spin the new era of sane/transparent/honest Big Four accounting as some sort of deal with the devil.
Are you mad Bitcoin (resplendent in triumph) is being used for world-changing heavy lifting as Satoshi intended, instead of yet another trivial retail payment rail disruption?
It's interesting that different people have different interpretations of satoshi's intention.
Is it as simple as what follows? Below are the first sentences from "the white paper's" abstract and introduction respectively.
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as
trusted third parties to process electronic payments.
Edited to add the first sentence of the second paragraph of the intro. I love first sentences.
What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.