RE: Deutsche Bank: "If Trust In...Stability Were Lost, People Would Turn To Cryptocurrencies." by davidallenjones

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· @davidallenjones ·
$0.48
Good post. there is so much going on right now that it is difficult to make much sense of it I saw an article with IBM saying they will launch a counter to Ripple using blockchain but without the coin and as a result it is simply cheaper. We are in a time where the industry needs to both police itself to weed out the imposters and force itself upon the mainstream so we can get a point of use cases we can point to that prove and validate the direction. It will not be easy and I think that because everyone has called out the traditional banking and money systems it makes things that much harder. they will not go down without a fight and they have lots of power. Again the key is to self-police ratter than wait for heavy-handed regulation and to speed up the use cases rather than so much infighting about whose tech is best. Any thoughts?
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vote details (1)
@morseke1 · (edited)
It's why the largest patent holder for blockchain technology is none other than Bank of America.  That's right, a large bank.  They will simply use their patents to hedge against their demise, by preventing the ideas they have patented from being used...
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@davidallenjones ·
Yes true But patents only last ten years so that is a short term solution at best. And the cat is already out of the bag.
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@lexiconical ·
Patents often exist to restrict progress, after all.
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