[2015-09-08] Nick Szabo: If banks want benefits of blockchains they must...

[LiteCoinGuy]

Nick Szabo: If banks want benefits of blockchains they must go permissionless

Legendary cryptographer Nick Szabo says the only way to realise seamless, automated, and global financial integrity is if banks embrace permissionless blockchains, like the system Bitcoin runs on.

If banks were to embrace permissionless blockchains they could participate as well or better than the newcomers, Szabo told IBTimes UK.

http://www.ibtimes.co.uk/nick-szabo-if-banks-want-benefits-blockchains-they-must-go-permissionless-1518874

[Kprawn]

I like Nick's angle on the whole block size issue and the comparison too a Armored Car as a example. The best words coming from his mouth was this though :

" If that's the trade off you want to make, Visa and PayPal already exist, and within national borders they do what they do quite well. It's silly to try to turn Bitcoin into yet another Visa and PayPal. "

I can see why he favor Pieter Wuille's proposal 

[CIYAM]

I think Nick Szabo's comments in regards to the block size debate are among the most sensible that have been made and if people have the time it is also worthwhile to watch this interview with Adam Back about the issue: https://www.youtube.com/watch?v=wYHyR2E5Pic&feature=youtu.be