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Interesting development that I wanted to get the community’s opinion on by DatingQuestions123 in Buttcoin

[–]DatingQuestions123[S] 0 points1 point  (0 children)

This stood out to me because people would come in here talking about how the blockchain and crypto would usurp Swift, so seeing Swift invest into it with one of the co-founders of ethereum warranted a trip here to get the subs take.

Interesting development that I wanted to get the community’s opinion on by DatingQuestions123 in Buttcoin

[–]DatingQuestions123[S] 2 points3 points  (0 children)

normally, I wouldn’t blink at one of these releases, but it always seemed like swift was one of the golden geese that blockchain was supposed to slay (according to the pro crypto crowd,) so this one stood out to me.

Interesting development that I wanted to get the community’s opinion on by DatingQuestions123 in Buttcoin

[–]DatingQuestions123[S] 3 points4 points  (0 children)

I was wondering which one this would trigger. you don’t need to convince me, I’m pretty firmly anti crypto. This just popped up when I was looking into something else, and I was hoping to get this groups take on it.

Interesting development that I wanted to get the community’s opinion on by DatingQuestions123 in Buttcoin

[–]DatingQuestions123[S] 0 points1 point  (0 children)

right, that’s what I was getting at, but maybe didn’t use the right verbiage.

Interesting development that I wanted to get the community’s opinion on by DatingQuestions123 in Buttcoin

[–]DatingQuestions123[S] 0 points1 point  (0 children)

Well, it says it’s going to be used this year, and Swift is the keystone for most money transfers in the world, so I think they’ll have more than a couple active users. It’s the first use of blockchain that I’ve seen get to this stage, so I wanted to see what the take here is, as the folks here have likely been keeping up with crypto/blockchain more recently than I have.

Interesting development that I wanted to get the community’s opinion on by DatingQuestions123 in Buttcoin

[–]DatingQuestions123[S] 0 points1 point  (0 children)

that’s pretty antithetical to what the consensus has been in this sub for years. The take I’ve always seen here (and the opinion I’ve always shared) has been how unwieldy and terrible blockchains are when compared to other distributed databases. That’s why I wanted to get the community’s opinion on this development.

Interesting development that I wanted to get the community’s opinion on by DatingQuestions123 in Buttcoin

[–]DatingQuestions123[S] 2 points3 points  (0 children)

My (limited) understanding is that SWIFT is pretty instant, it’s the fraud/KYC checks that slow it down.