/biz/ - Business & Finance

Blockchain is a very interesting technology with a number of excellent applications.

A decentralized global payments system is not one of them.

From a technological point of view - as well as a legal and regulatory point of view - it is better that any payments system built on a blockchain is pseudo-centralized or completely centralized to ensure speed, low cost, stability, and oversight.

Blockchain will change the world of payments, but none of the open source blockchains that people are currently invested in will win out.

The winners will inevitably be the blockchains being currently built by massive multi-national corporations and governments.

Grass-roots blockchains have no chance whatsoever of competing.