You are viewing a single comment's thread from:

RE: Are you Shorting Fiat Currency yet?

in #bitshares7 years ago (edited)

Who has looked at the FED's books directly? I know we can see what the treasury does with the FED, since the treasury publishes that data, but you can't actually look at the books of the FED and you have to trust the treasury completely.

The blockchain can be analyzed by anyone. That, to me, is a hugely important difference. What you call manipulation may also be an example of flaws outside of the blockchain itself which have not been improved on yet. These aspects are still fragile and have not yet obtained the anti-fragile nature of the blockchain.

Dan says the EOS distribution will be different. I think it will improve on anything we've yet seen based on what he's already innovated. This ecosystem evolves towards solving issues people are not happy with. The FED does not.

Sort:  

Nobody looked at the FED's book man. Nobody lookes at the ico books either. It doesn't matter if it is private or public domain. People aim to make their own gimmick and profit from it.

The blockchain CAN be analyzed but it is rather useless and pointless at the beginning. Also many people do not have any expertise.

You do know that blockchain technologies are currently being implemented by governments all around the world right? Governments and blockchain are not mutually exclusive. I actually think that more and more governments will implement blockchain technologies since what is once in the blockchain, is forever in the blockchain. Perfect way to track anybody really.

Seems you're just being contrarian on this one.

Nobody lookes at the ico books either.

It's all on the blockchain. Even with the BAT ICO mess, it's all there for people to see.

Would you consider all of these gimmicks? https://icostats.com/

And yes, governments will eventually adapt to survive. Blockchains are superior ledger technology. Just because governments will use them also doesn't change that fact. As to them being able to track things, that's what private transaction blockchains are important and are being developed.

90% of all that won't make it by next year. Too much money. A 20% cash out on a project brings the whole thing down with systemic collapse. We don't even know who the investors are and how they are linked to the system. Considering the vast concentration of Bitcoin power, a sneeze from a single whale can shake everything.

And yes, governments will eventually adapt to survive. Blockchains are superior ledger technology. Just because governments will use them also doesn't change that fact. As to them being able to track things, that's what private transaction blockchains are important and are being developed.

What I am saying that government and blockchain are not mutually exclusive. We have a form of centralized governance in Steemit. The point is to use the technology to improve current paradigms. Heck, I even see the church incorporating "paradise" into the concept of blockchain eternity at some point in the future.

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63315.26
ETH 2668.31
USDT 1.00
SBD 2.79