Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: Totscha on May 18, 2018, 09:58:06 AM

Quote from: Robin,Hood on May 18, 2018, 09:51:16 AM

How much effect on the market will this Corda thing have, a distributed ledger database (sames as Ripple)
It is not invest able and want be found on Coinmarketcap. Made by the Banks for the Banks not public viewable, trade-able.

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Corda is a distributed ledger platform designed to record, manage and automate legal agreements between business partners. Designed by (and for) the world's largest financial institutions yet with applications in multiple industries. It offers a unique response to the privacy and scalability challenges facing decentralised applications.

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R3 is an enterprise software firm working with a network of over 200 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop on Corda, our blockchain platform designed specifically for businesses

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https://www.r3.com/
https://www.cnbc.com/2018/05/14/hsbc-makes-worlds-first-trade-finance-transaction-using-blockchain.html

It is irrelevant.

Well, that kind of depends upon disambiguating Robin,Hood's use of 'the market'.

If we are talking about the cryptocurrency market, the effect is likely to be negligible. This would be just one more example of potential utility that won't get carried out on the Bitcoin blockchain. If it existed on the Bitcoin blockchain, it's effect would be accretive in proportion to the amount of activity.

However, if talking about the financial trade services market, and if -- and this is key -- if they can figure out how to properly maintain a permissioned blockchain, then its effect could be huge. Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?