[2015-10-08] BTCexperts compare private blockchains to internet's early days

[LiteCoinGuy]

Bitcoin experts compare private blockchains to internet's early 'walled gardens'

People often make a comparison between Bitcoin and the growth of the internet: to begin with early technology adopters embraced it; later its renegade reputation led to a vogue for walled gardens and closed networks for corporate use.

This comparison was invoked by Paul Gordon, CEO Quantave, at a recent panel session entitled "The Future of Money" at Linedata Exchange London 2015. He was joined on the panel by Nicolas Cary, co-founder of Blockchain.info, and James Smith, CEO Elliptic.

http://www.ibtimes.co.uk/bitcoin-experts-remind-linedata-conference-internets-early-walled-gardens-1522952

[Kprawn]

If Bitcoin only takes 10 to 20% of all internet payments, most of us will be very happy... I can see why banks and other financial institutions wants to create their own private

networks and we should leave them to dump millions of dollars into it, if they want to adhere with all the governments regulations. Just leave Bitcoin alone and give it a opportunity

to take it's share in the market. Do not sabotage it to gain the upper hand, by closing accounts associated with Bitcoin, like they doing in Australia now. People will find ways or

other banks to bypass them, and they will lose customers in the end. 

[tiggytomb]

Suppose they all want to create their own private Blockchains so they can have control over them as usual.