Bitcoin and blockchain technology
Bob La Quey
robert.laquey at gmail.com
Sun Dec 7 23:40:14 PST 2014
This fellow is a knowledgeable and articulate spokesman for blockchain
If you are interested at all in this sort of thing I suggest you check him
For the heart of the matter at this moment https://bitcoin.org/en/
On Mon, Dec 8, 2014 at 3:32 PM, Bob La Quey <robert.laquey at gmail.com> wrote:
> I would add that at least 80% of the world population has essentially no
> banking services. That via cell phone, not bricks and mortar is the real
> So reimplementing exist defined banking services in an efficient and
> secure way is the path to the future. I personally thing blockchain
> decentralized services will win in the long run.
> On Mon, Dec 8, 2014 at 3:28 PM, Bob La Quey <robert.laquey at gmail.com>
>> While I agree with a lot of this, especially the part about the
>> artificiality of limiting the number of coins and the mining thing there is
>> nothing in the blockchain technology that demands that particular monetary
>> policy. One can set up coins with almost any conceivable monetary policy.
>> RE governments and mafias. The government is the mafia of concern. People
>> are worried about fees. And the centralized systems are hideously
>> expensive, inefficient, insecure and out of control.
>> I think that governments will find it very hard to control. New
>> anonymous rapid transaction systems are emerging, e.g. Darkcoin. It will be
>> an intriguing and long term encounter. I think in the long term (one
>> generation) there is a very good chance for a cryptocurrency, almost
>> certainly not Bitcoin, to become one of the major currencies of the world.
>> The action here in the Philippines is remittances from Overseas Foreign
>> Workers (OFW). Some 10 million Filipinos work abroad and send money back to
>> the Philippines every month. They regularly get raped on transaction fees
>> and exchange rates.
>> Check out https://rebit.ph/
>> The people behind this are youthful well educated members of the Filipino
>> oligarchy. Not the sort of people the government is likely to take on. For
>> many practical purposes they and their older family members are the
>> government. By arbitraging the existing banks and government structures
>> they seek to insure that their component of the oligarchy wins the future.
>> So I have found a way to explore this game. See
>> Time will tell. As Yogi Berra said. "It's difficult to make predictions,
>> especially about the future."
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