DUMP THOSE BAGS

Fuck i meant ABM amro block chain.*

Also most probably don't exist yet. There are some really good things going on in the space for reducing friction in financial infrastructure, I can't remember all of them

Kabuni tech already tokenized stocks for the Canadian securities exchange, reduced settlements from 3 business days to almost instantly. And that was like over a month ago

newswire.ca/news-releases/cse-unveils-canadas-first-platform-for-clearing-and-settling-securities-through-blockchain-technology-673915213.html

But people will ignore and tout shit like btc going to 100k eoy lmao

Damn. I just wanted to make it.

>bitcoin is only $6800!!!

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Private blockchains are almost worthless.
The value of "blockchain" is that it minimises trust and is censorship resistant.
If you don't need those qualities just a spreadsheet,
if you DO need those qualities then a public decentralised blockchain is needed.

Does it matter if in private the nodes are just companies rather than mining groups over the world? Surely there is a reason we are seeing companies launching private blockchains, right? If it was just a glorified database, then what would be the point?

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thank you for this

Amazon is also working with r3
aws.amazon.com/marketplace/seller-profile?id=09f4e9ea-b200-40bb-bab3-b21b9edca5fe

and I also just remembered Jasper and bank of Canada.

And the feds also hinted at eventually creating a ledger of its own too coindesk.com/us-federal-reserve-hints-dlt-integration-new-report/

The member banks or institutions will all be participating in the 'PoW/S' to essentially decentralize it technically, but only amongst themselves or those who they allow to be part of their systems.

Its essentially like for the fed, as an example, the largest member Bank is the federal reserve bank of new York, so that one would be the largest "miner" to the usd blockchain, so the nyfed to usd would essentially be like jihan/bitmain is to btc.

It matters. Companies can't trust each other just because they are companies.
If your private chain isn't secure it is vulnerable to corporate sabotage, insider hacking, hacking from outside parties. (btw the existing SWIFT system, for example, gets hacked regularly).
The way public DLT is set up gives it intrinsic security advantages over private systems.
>Surely there is a reason we are seeing companies launching private blockchains, right?
Sure. Mostly just brainless bandwagon jumping. Some of it possibly a deliberate attempt to re-control the narrative.
Only a few big movers (like Lloyd Blankfein -- in my opinion a true believer) have really grasped the essence of the new tech.

It also prevents the 51% attack cause not just anyone can mine private. But one amongst just a company is quite small, that's why you have companies that create private block chains for businesses just to reduce friction/transaction/database costs

Maybe I'm being a little unclear. You can have functioning private blockchains for certain uses, but they can't replace the public ones.
You could have PWC switch to some DLT for their internal systems instead of a database,
but it's not a case that BTC could be replaced by FEDcoin

I feel like an idiot. Why the hell didn't I sell in December. Fuck my life.

Yeah they're completely different use cases, most private ones are using them for unit of account only more or less as apposed the actual store of value itself

And private block chains are susceptible to all that insiders sabotage I agree, some even 51% attacks from rogue employees but the key is to outsource a big chunk of the protocol to an indifferent third party, to prevent a majority attack

im dead inside you think i really care deep down? fuck no seeing 120k down to 20k you think im even worried i bought in at 2k per btc and im going to buy in again this time for fucking years until i get to 21.

HAHAHAHAHA I FUCKED UP SO BAD IM A FUCKING RETARD FUCK ME AHHHHH

shhhhh

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Yeah, $7k really was the final bound. It's sad to see it end like this, but I guess people finally realized how worthless Bitcoin really is. The 2013 dip lasted 22 months. I expect a dip to $2,800 support, then sideways for a similar length. How disappointing.

I sold in December at a profit but stupidly FOMO'd back in a few days later.

Wheres the "BTC WILL NEVER BE BELOW 6800, EVER AGAIN, WERE MOONING" threads? And post a pic of the 15 min chart

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sorry, friend

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Pretty much these. It's hard to tell how long until btc bottoms though, it could take a while