While I am actually ignorant on the mechanics and architecture of blockchain, for the most part... I'm wary of anything a conglomerate of banks are doing...
Just look at the LIBOR debacle as one datapoint.
I have zero trust in big banks colluding on things that have the potential to affect finances for centuries to come.
Change my view?
Edit: anyone who down voted me hasn't been paying attention to the financial history of banks. Just because YC is tied to finance as an investment POV - you'd be deluded to think that banks aren't corrupt to the core. Do I really need to provide you with evidence, how about look at the last fifteen years for simplicity. Then look into BCCI which I doubt many HNers are even aware of...
HSBC? Wachovia? Jesus, do any of you know how fucking corrupt banks are??
Just look at the LIBOR debacle as one datapoint.
I have zero trust in big banks colluding on things that have the potential to affect finances for centuries to come.
Change my view?
Edit: anyone who down voted me hasn't been paying attention to the financial history of banks. Just because YC is tied to finance as an investment POV - you'd be deluded to think that banks aren't corrupt to the core. Do I really need to provide you with evidence, how about look at the last fifteen years for simplicity. Then look into BCCI which I doubt many HNers are even aware of...
HSBC? Wachovia? Jesus, do any of you know how fucking corrupt banks are??