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Re: Satoshi nominated for Nobel Prize

From: David Nicol <davidnicol@gmail.com>
Date: Mon, 9 Nov 2015 08:23:34 -0600
Message-ID: <CAFwScO9vwC3aQGBaq_VDBYjFC2wCvtyuKZad582q5TK6FZ9G6Q@mail.gmail.com>
To: Melvin Carvalho <melvincarvalho@gmail.com>
Cc: Web Payments <public-webpayments@w3.org>
The proof-of-work algorithm used in the Satoshi Blockchain co-opts
disruption. As we have seen occurring, mining has shifted from a hobbyist
endeavor to something the powerful -- able to afford their own ASIC farms
-- do. In my opinion calling Bitcoin disruptive is short-sighted: although
it teases at disintermediating financial service providers, ultimately
bitcoin fails to meaningfully redistribute control of the means of
production.





On Sat, Nov 7, 2015 at 2:06 PM, Melvin Carvalho <melvincarvalho@gmail.com>
wrote:

> This is a great article on how one idea + technology can change the world!
>
> “Not only will Satoshi Nakamoto's contribution change the way we think
> about money, it is likely to upend the role central banks play in
> conducting monetary policy, destroy high-cost money transfer services such
> as Western Union, eliminate the 2-4% transactions tax imposed by
> intermediaries such as Visa, MasterCard and Paypal, eliminate the
> time-consuming and expensive notary and escrow services and indeed
> transform the landscape of legal contracts completely.”
>
>
> http://bravenewcoin.com/news/seven-years-after-satoshi-nakamoto-invented-bitcoin-the-reclusive-founder-has-finally-been-recognized-on-the-world-stage-being-nominated-for-the-2016-nobel-prize-for-economics-sciences-for-his-disruptive-invention/
>



-- 
"If I can quote Alice Walker, 'The biggest way people give up power is by
not knowing they have it to start with.' " -- Jill Stein, the most
successful female candidate for POTUS to date
Received on Monday, 9 November 2015 14:24:03 UTC

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