Bitcoin and blockchain technology

Andrew Lentvorski bsder at allcaps.org
Tue Dec 9 23:24:02 PST 2014


On 12/7/14, 11:32 PM, Bob La Quey 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
> market.
> 
> 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.

And this is exactly why decentralized *won't* win.

Who am I more afraid of?  The government taking my money or a local
hooligan/shyster taking my money?

The existence of escrow services tells me which one is more of a threat
to most people.

-a


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