The Lightning Network has significant similarities with
how existing financial systems solve this problem.»
Even though most people don't have a clue
how the existing financial system works either, we still want to understand this new thing.
Not exact matches
«Our vision was always
how to fuse the
existing financial system with cryptocurrency as a hybrid, digital model,» Allaire says.
Perhaps the most interesting moment of the prestigious event transpired late in the afternoon when one attendee asked, «
How core is solving identity to expanding digital currency or solving some of the frictions in our existing system, and how do you foresee an identity world that's based on a national or — in the US's case — subnational system working or integrating in a global financial system?&raq
How core is solving identity to expanding digital currency or solving some of the frictions in our
existing system, and
how do you foresee an identity world that's based on a national or — in the US's case — subnational system working or integrating in a global financial system?&raq
how do you foresee an identity world that's based on a national or — in the US's case — subnational
system working or integrating in a global
financial system?»
An adoption of this method would also affect
existing incentive structures within the international
financial system as the risk of repudiating illegitimate debts would cause creditors to lend with increased caution, exercise due diligence and implement policies that encourage transparency of
how the funds are used.
I've been toying with the idea that maybe there would be a way to create a crisis model off of the
financial sector and its clients, working off of a «
how much slack capital
exists across the
system» basis.
As smart contracts diffuse from fintech startups into the
financial system,
financial services lawyers will need to carefully consider
how our
existing system of regulation applies to these innovations.
«Our vision was always
how to fuse the
existing financial system with cryptocurrency as a hybrid, digital model,» Allaire says.
«Instead of focusing on
how Blockchain technology can be employed within
existing financial architectures, this working group will return to the genesis of the Blockchain movement that saw the need for native assets to keep decentralized and open
systems in economic balance.
Though different in intent, both papers were focused on presenting new ideas for
how decentralized blockchain networks could scale at a time when the conversation was dominating industry conversation both among major
financial institutions, who are seeking to leverage the technology for
existing high - volume transaction
systems, and bitcoin developers, who are working on solutions to scale the digital currency's transaction capacity.
Ontario's family law
system looks to ensure that parties walk away from their marriage on the same
financial footing, but misconceptions
exist around
how to achieve that balance, says Toronto family lawyer Ron Shulman.
Ontario's family law
system looks to ensure that parties walk away from their marriage on the same
financial footing, but misconceptions
exist around
how to achieve that balance, says Toronto family lawyer
Ontario's family law
system looks to ensure that parties walk away from their marriage on the same
financial footing, but misconceptions
exist around
how to achieve that... Read more