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Title: NASDAQ Linq is a farce Post by: WolfofBitcoin on November 23, 2015, 12:03:39 AM It is a glorified excel spread sheet that tracks share issuance. Are you kidding me?
This reminds me of Antonopoulos' Five Stages of Grief speech in Toronto. The Corp's are trying to make sense of things, trying to cleave off Bitcoin and remove the entire concept of the technology itself. This is centralized control on a NASDAQ server that is susceptible to the same short comings of current systems and the easy ability to compromise these types of systems. The NASDAQ would never allow 'the many' and 'trust' the democratic nature of an actual Blockchain to secure validity in its market place, let alone proportion an incentivization token for the maintenance of the algo's responsible for the authenticity. What a joke. It really is comical to watch this stuff play out. When Corp's are throwing cash away like this for origami, all of you should just get into the Bitcoin space and say something mildly confusing - you will be mistaken for a Blockchain God and the heavens will rain investment dollars. Title: Re: NASDAQ Linq is a farce Post by: franky1 on November 23, 2015, 01:29:32 AM It is a glorified excel spread sheet that tracks share issuance. Are you kidding me? This reminds me of Antonopoulos' Five Stages of Grief speech in Toronto. The Corp's are trying to make sense of things, trying to cleave off Bitcoin and remove the entire concept of the technology itself. This is centralized control on a NASDAQ server that is susceptible to the same short comings of current systems and the easy ability to compromise these types of systems. The NASDAQ would never allow 'the many' and 'trust' the democratic nature of an actual Blockchain to secure validity in its market place, let alone proportion an incentivization token for the maintenance of the algo's responsible for the authenticity. What a joke. It really is comical to watch this stuff play out. When Corp's are throwing cash away like this for origami, all of you should just get into the Bitcoin space and say something mildly confusing - you will be mistaken for a Blockchain God and the heavens will rain investment dollars. two things that make blockchains work no single one person has access to all the databases (nodes) no single one person has access to all the transaction pools that fill the databases (miners) so although i have not looked into Linq. i for gods sake hope that all the nodes and miners are not sat in one office.. Title: Re: NASDAQ Linq is a farce Post by: Possum577 on November 23, 2015, 04:38:18 AM Obviously your frustration is fair but I wouldn't worry too much about what these corporations are doing. We're going to see a ton of variations of the application of blockchain tech. Most of it will be bullshit (and likely not even true to the technology), some of it will be legit, and an exceptional few will be innovative and create great change.
Let's enjoy being a part of the thing that started it and see what comes (the dumb and the brilliant)! Title: Re: NASDAQ Linq is a farce Post by: LiteCoinGuy on November 23, 2015, 10:03:57 AM i found an article about private blockchains. also read the comments:
http://www.multichain.com/blog/2015/10/private-blockchains-shared-databases/ Title: Re: NASDAQ Linq is a farce Post by: unamis76 on November 23, 2015, 12:25:13 PM It's not a farce, it's working exactly like they intended it to: a centralized blockchain that they can erase whenever they want, making people put full trust in them, as usual.
Title: Re: NASDAQ Linq is a farce Post by: Denker on November 23, 2015, 02:28:53 PM Of course it's nothing new, innovative and could also been built with a regular MySQL database.
I say let them do running in circles.Let them invent the wheel as often as they want. Important is that we keep improving and evolving. That's all what is needed.To focus on ourselves. Title: Re: NASDAQ Linq is a farce Post by: RustyNomad on November 23, 2015, 03:34:59 PM This is a good thing. The sooner we have a 'private blockchain' that goes up in smoke the better.
That will make the rest sit back and rethink this whole 'private blockchain' thing. So let them play with their glorified blockchains all they want and let them get as many involved as possible, the more that get burnt the better. Title: Re: NASDAQ Linq is a farce Post by: Kprawn on November 23, 2015, 04:28:53 PM Bring the popcorn, this show is going to be goooood! They are trying to re-invent the wheel and adding bling and calling it their own invention. The only problem with that is, we
have a much stronger shaft supporting that wheel. These "private Blockchains" are going to crash and burn, one after the other, because they are not backed by a strong network, which is the key ingredient for strong security. Viva Bitcoin Blockchain!!! |