It will also all but destroy the stock market with a frictionless, fee-less system. Which I like even more. 😉
Reply addressees: @h0b0spic3s @Manse111
Source: Original Site Post
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It will also all but destroy the stock market with a frictionless, fee-less syst
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So (a) end proof of work, making ordinary monolithic transaction systems like ba
So (a) end proof of work, making ordinary monolithic transaction systems like banking today, (b) limit the minimum fractional value of a share before ‘writing down’.(c) allow rolling up of fractions into new shares.
I mean it’s fantastic.
Reply addressees: @h0b0spic3s @Manse111 -
Moreover, I and others have proposed all accounting systems be modified to this
Moreover, I and others have proposed all accounting systems be modified to this technique so that moneysubsitutes can be tracked throughout the full lifecycle, providing the accounting information we lack to undestand the state of economies.
Reply addressees: @h0b0spic3s @Manse111 -
Don’t misinterpret me. I’ve said the same thing continuously since at least ’14:
Don’t misinterpret me. I’ve said the same thing continuously since at least ’14: the technology converted from proof or work, to monolithic transactions will allow the development of a perfect currency, and use of interset in ALL ASSETS as a medium of exchange.
Reply addressees: @h0b0spic3s @Manse111 -
For this reason (ignoring physical laws) I would not put him in the same categor
For this reason (ignoring physical laws) I would not put him in the same category as other thinkers. I would however put us both in the same category of technologists. Although I would rate him far higher than myself. I only use tech to solve what’s really social science.
Reply addressees: @h0b0spic3s @Manse111 -
The ledger makes possible fractional shares, which is the logical step in the ev
The ledger makes possible fractional shares, which is the logical step in the evolution of fiat currency, corporate shares, shares in debt, etc. And cuts out the middle man. The idea that it is going to insulate us from the government is a dream for children. Never happen.
Reply addressees: @h0b0spic3s @Manse111 -
I’ll tell you something unpopular: I don’t really think much of the blockchain t
I’ll tell you something unpopular: I don’t really think much of the blockchain technology for the simple reason that proof of work is an uneconomic means of solving what is better solved by simply paying for the upfront cost of transactional technology that does the same thing.
Reply addressees: @h0b0spic3s @Manse111 -
I can’t say because I don’t have the relevant knowledge of him. I can and do com
I can’t say because I don’t have the relevant knowledge of him. I can and do compare myself to certain public intellectuals who work on problems of similar scale – and each of us varies in approach according to background, personality and cognitive bias.
Reply addressees: @h0b0spic3s @Manse111 -
Do you know how many of us are intel, military, law enforcement? 😉 Many
Do you know how many of us are intel, military, law enforcement? 😉
Many.
Reply addressees: @onyxone1 @Zeke58853349 @JohnMarkSays -
RT @Hail__To_You: @ARWarmbier @AdamCrigler @Timcast @sourpatchlyds Follow/see Cu
RT @Hail__To_You: @ARWarmbier @AdamCrigler @Timcast @sourpatchlyds Follow/see
Curt Doolittle and John Mark
@CurtDoolittle and @JohnMarkSay…