Quote from: Akado on December 11, 2015, 10:02:13 PM

Quote from: Stan on December 11, 2015, 02:52:17 PM

Quote from: Akado on December 11, 2015, 11:23:33 AM

Quote from: underwun on December 10, 2015, 04:28:48 AM
R3 and its cast of characters are attempting to optimize & preserve obsolete business paradigms, a business model that justifies consulting revenues based on saying what the client wants to hear but ultimately their work will prove to be little more than a costly experiment

I don't know what your project is up to, but you're really that confident on that? You honestly believe Identabit will prove itself as the one service for banks (or one of the top few?). I'm not underestimating any of your work or ambitions, plus I have no idea who you know. It's just that they are the ones with the money and connections to take the project forward. With this I'm not saying there can't be any other projects but they should have the uncontested lead on that front. It seems they have unlimited resources, with the backing of so many huge banks.

Of course they have the money and connections to dominate the current, old fashioned, obsolete paradigm.
John foresees a new paradigm that their own inertia prevents them from reaching.
Like the monkey that can't escape from the coconut trap because he won't let go of what he already has in his hand.

Yeah, and that makes it even more difficult. It's harder to go against them instead of working with them, which kind of the idea I have of Identabit? High risk but of course high reward so guess we'll have to wait and see.

You misunderstand.  No one said anything about going against all of them.
Do you have any idea of how many banking institutions there are in the world?

It's just that the biggest of them have a vested interest in what makes them the biggest...

It's just abstract enough and ambitious enough to seem like a pie in the sky (until it actually happens).

Quote from: Stan on December 11, 2015, 02:52:17 PM

Quote from: Akado on December 11, 2015, 11:23:33 AM

Quote from: underwun on December 10, 2015, 04:28:48 AM
R3 and its cast of characters are attempting to optimize & preserve obsolete business paradigms, a business model that justifies consulting revenues based on saying what the client wants to hear but ultimately their work will prove to be little more than a costly experiment

I don't know what your project is up to, but you're really that confident on that? You honestly believe Identabit will prove itself as the one service for banks (or one of the top few?). I'm not underestimating any of your work or ambitions, plus I have no idea who you know. It's just that they are the ones with the money and connections to take the project forward. With this I'm not saying there can't be any other projects but they should have the uncontested lead on that front. It seems they have unlimited resources, with the backing of so many huge banks.

Of course they have the money and connections to dominate the current, old fashioned, obsolete paradigm.
John foresees a new paradigm that their own inertia prevents them from reaching.
Like the monkey that can't escape from the coconut trap because he won't let go of what he already has in his hand.

Yeah, and that makes it even more difficult. It's harder to go against them instead of working with them, which kind of the idea I have of Identabit? High risk but of course high reward so guess we'll have to wait and see.

Quote from: Akado on December 11, 2015, 11:23:33 AM

Quote from: underwun on December 10, 2015, 04:28:48 AM
R3 and its cast of characters are attempting to optimize & preserve obsolete business paradigms, a business model that justifies consulting revenues based on saying what the client wants to hear but ultimately their work will prove to be little more than a costly experiment

I don't know what your project is up to, but you're really that confident on that? You honestly believe Identabit will prove itself as the one service for banks (or one of the top few?). I'm not underestimating any of your work or ambitions, plus I have no idea who you know. It's just that they are the ones with the money and connections to take the project forward. With this I'm not saying there can't be any other projects but they should have the uncontested lead on that front. It seems they have unlimited resources, with the backing of so many huge banks.

Of course they have the money and connections to dominate the current, old fashioned, obsolete paradigm.
John foresees a new paradigm that their own inertia prevents them from reaching.
Like the monkey that can't escape from the coconut trap because he won't let go of what he already has in his hand.

Quote from: underwun on December 10, 2015, 04:28:48 AM
R3 and its cast of characters are attempting to optimize & preserve obsolete business paradigms, a business model that justifies consulting revenues based on saying what the client wants to hear but ultimately their work will prove to be little more than a costly experiment

I don't know what your project is up to, but you're really that confident on that? You honestly believe Identabit will prove itself as the one service for banks (or one of the top few?). I'm not underestimating any of your work or ambitions, plus I have no idea who you know. It's just that they are the ones with the money and connections to take the project forward. With this I'm not saying there can't be any other projects but they should have the uncontested lead on that front. It seems they have unlimited resources, with the backing of so many huge banks.

Correct.

Quote from: tonyk on December 10, 2015, 04:39:36 AM
R3?

what is that?

probably this http://r3cev.com/
http://www.coindesk.com/citi-hsbc-partner-with-r3cev-as-blockchain-project-adds-13-banks/

R3?

what is that?

Hi All

We are very much in play but we focused on fundraising, partners and keeping our strategy private.

Our focus is on new-banking and its disruptive potential and the transition path required to see it happen.

As they say we are 'all in' and there is not a second we are not working towards our goal to define and establish the future of banking as we see it.

I will spend more time here in coming weeks as of today, thanks to the support of some of the foremost respected financial figures, we have now completed the strategic papers required to raise money but we will continue to keep our cards close to our chest, our asset is our thinking and strategic plan and the forum is surely not a good place to reveal our secrets.

I'll say the following:

• R3 and its cast of characters are attempting to optimize & preserve obsolete business paradigms, a business model that justifies consulting revenues based on saying what the client wants to hear but ultimately their work will prove to be little more than a costly experiment

• Existing attempts at centralized compliance chains are open to coercion and corrupt management practices

• We are convinced that current banking revenue streams are past tense, i.e. centralized funds management, transfers, security and FX

• We are satisfied that the world of new-banking is ripe for the picking and we have it sorted

• We are feeling very up, timing is everything and our time is 2016

Take care and maybe ping me on Twitter if you want a one on one, it works for Fuzzy.

John

Quote from: toast on December 10, 2015, 03:22:24 AM
censorship is a sign of weakness. I can use the ignore function based on my own judgement, thank you!

#sharebits "toast" 5 PERCENT
#sharebits "toast" 1 FISTBUMP

censorship is a sign of weakness. I can use the ignore function based on my own judgement, thank you!

Quote from: fav on December 09, 2015, 06:30:21 PM

Quote from: jsidhu on December 09, 2015, 04:34:37 PM
He should is banned

fixed that for you :)

I guess putting them on ignore was too hard.



"muh freedoms"

Thank you fav.

Quote from: jsidhu on December 09, 2015, 04:34:37 PM

Quote from: Ben Mason on December 09, 2015, 04:19:16 PM

Quote from: lzr1900 on December 09, 2015, 12:45:21 AM

Quote from: Stan on December 08, 2015, 02:26:45 PM
Nope.

Just talked with Underwood last night. 

He said he'd stop by to say "hi" in a few days when he gets his current hot focus task finished.

sb
stan
a real liar fucker

How many times does this fool get to fling disgusting language and slander at one of our founders before he gets either censored or banned from the forum? It is a disgrace.

He should is banned

fixed that for you :)

Quote from: Ben Mason on December 09, 2015, 04:19:16 PM

Quote from: lzr1900 on December 09, 2015, 12:45:21 AM

Quote from: Stan on December 08, 2015, 02:26:45 PM
Nope.

Just talked with Underwood last night. 

He said he'd stop by to say "hi" in a few days when he gets his current hot focus task finished.

sb
stan
a real liar fucker

How many times does this fool get to fling disgusting language and slander at one of our founders before he gets either censored or banned from the forum? It is a disgrace.

He should be banned