I am how to evaluate this type of news. I feel like this might be beneficial for the progress of financial instruments (transactions, storage) but from the other side it feel sour because it seems like bitcoin will be ditched in a process. So I am not sure if I like this: "bitcoin nay, blockchain yay" situation.
I'm quoting Andreas Antonopoulos:
What they want to do is create the Compuserve equivalent to Bitcoin.The AOL equivalent to Bitcoin. Kind of like the internet only closed and controlled.Minus the innovation, minus the excitement, minus the possibility of anyone doing anything interesting without asking for permission first.
Is that going to increase the efficiency of some banking operations? Sure it is.Just as much as when AT&T routes his long distance phonecalls over IP. It safes a lot of money.Is that gonna change everybody else's view of the world? No. Is that gonna bank 4 billion people who are currently unbanked precisely because of the issues of scale and centralization? No of course not. That's not revolutionary that is to revolutionize.
To revolutionize something is to remove anything actually revolutionary from it and then define by committee some kind of pale unrecogniseable alternative that is just about palatable enough to present it infront of a executive committee. It's timid, it's weak and ultimatly it is ineffective...
