Author Topic: Stripe perspective  (Read 1036 times)

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Offline luckybit

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An interesting reading from Stripe people on what will be the future of the crypto economy: https://stripe.com/blog/bitcoin-the-stripe-perspective

Honestly what they describe is a watered down version of what I have in mind, a sort of worst case scenario. But I remember heard Marc Andreesen saying that all people at the begining of the Web thought Internet would be bigger than it is today. Maybe its an human tendancy to overestimate how the world will change because of a technology, maybe Stripe guys are closer from the truth than me.

Based on a lot of assumptions. We can't assume anything about the future economy. Jobs that exist today will not exist tomorrow. Savings can become debt. Security has more components to it than centralized trust.

It's true if everyone could win on the current path then most people would not change paths. But I don't see the current path leading to anything sustainable which means there will be a lot of people who look for an alternative. The banking infrastructure isn't designed to last which is why it had to be bailed out and not much has changed since then.

I do agree with the idea of gateways. I also think Bitcoin could go stealth and just be a backend technology. Separate the idea of Bitcoin the brand from Bitcoin the technology and it is the technology which will change the world while the brand might never be more than a fascination about crypto anarchists and computer nerds.

http://www.coindesk.com/w3c-advocates-currency-agnostic-browser-based-web-payment-standard/

http://digitalbazaar.com/payswarm/ <- would be a good idea to integrate Bitshares into this.
https://web-payments.org/
http://lists.w3.org/Archives/Public/public-webpayments/ <-- Join the mailing list and tell them about Bitshares.
So I actually agree at least on that level that there is no reason for us to concern ourselves with the success of the Bitcoin brand. The technology itself is what we should care about. But in order to focus on technological success we first will have to see what happens with Bitshares.

Bitshares is a better technology which could replace stock markets as we know it. Ethereum could replace government as we know it. Counterparty and Mastercoin also could ride on Bitcoin to do something similar along with Colored Coin.

The changes are going to happen and it's a matter of dealing with regulators. I think if regulators stepped aside we would have a clear path from innovation to mass adoption. It's already a proven fact that these technologies can do things that you simply cannot do as efficiently with the traditional infrastructure and banking is just the beginning.
« Last Edit: July 23, 2014, 06:27:52 pm by luckybit »
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Offline BldSwtTrs

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An interesting reading from Stripe people on what will be the future of the crypto economy: https://stripe.com/blog/bitcoin-the-stripe-perspective

Honestly what they describe is a watered down version of what I have in mind, a sort of worst case scenario. But I remember heard Marc Andreesen saying that all people at the begining of the Web thought Internet would be bigger than it is today. Maybe its an human tendancy to overestimate how the world will change because of a technology, maybe Stripe guys are closer from the truth than me.
« Last Edit: July 21, 2014, 10:40:59 pm by BldSwtTrs »