A "far superior" system that can do down the drain? And is doomed by the inexorable geometric demand for power to sustain the mining? That sounds like fantasy land. As we used to say in systems engineering: "It works...until it doesn't." All of systems engineering is centered on preventing "it doesn't."
The defeat shows its head by a complete dropping of the topic and a new twist involving an imputation against the opponent. No, I don't prefer that the stock market be controlled by a corrupt bureaucracy. The "market" is a community of individual markets, so I'm not aware of any central control (and you aren't either).
Unlikely that the "entire stock market" could go down. For one thing, there is great redundancy in the fact that they are all tracking the same data, and for another thing they will have backup memory for the current status of data (+timestamp).
And what makes you think that crypto couldn't go down the drain? All it takes is to sabotage the power supply to the mining operations. I see that you avoid the whole subject of crypto's weakness: its dependence on continued mining in order to close its business case and maintain the blockchain computation. That kind of precarious computational environment should be fairly easy to ruin.
Stock shares are close to that.
Sure, but crypto is a far superior system to the DTCC.
A "far superior" system that can do down the drain? And is doomed by the inexorable geometric demand for power to sustain the mining? That sounds like fantasy land. As we used to say in systems engineering: "It works...until it doesn't." All of systems engineering is centered on preventing "it doesn't."
So you prefer that the stock market be centrally controlled by a corrupt bureaucracy?
Edit: And as if the entire stock market couldn't just go down the drain as it is.
The defeat shows its head by a complete dropping of the topic and a new twist involving an imputation against the opponent. No, I don't prefer that the stock market be controlled by a corrupt bureaucracy. The "market" is a community of individual markets, so I'm not aware of any central control (and you aren't either).
Unlikely that the "entire stock market" could go down. For one thing, there is great redundancy in the fact that they are all tracking the same data, and for another thing they will have backup memory for the current status of data (+timestamp).
And what makes you think that crypto couldn't go down the drain? All it takes is to sabotage the power supply to the mining operations. I see that you avoid the whole subject of crypto's weakness: its dependence on continued mining in order to close its business case and maintain the blockchain computation. That kind of precarious computational environment should be fairly easy to ruin.