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Re: Satoshi nominated for Nobel Prize

From: Steven Rowat <steven_rowat@sunshine.net>
Date: Mon, 9 Nov 2015 08:30:56 -0800
To: public-webpayments@w3.org
Message-ID: <5640CA40.1030803@sunshine.net>
On 11/9/15 6:23 AM, David Nicol wrote:
>
>
> 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.

+1  I'd been having thoughts in that direction but you've expanded it 
and put it more succinctly.

Thank you.

SR

>
>
>
>
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> On Sat, Nov 7, 2015 at 2:06 PM, Melvin Carvalho
> <melvincarvalho@gmail.com <mailto: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 16:31:27 UTC

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