Will a truly transparent market for credit benefit small borrowers?

Comments

3 responses to “Will a truly transparent market for credit benefit small borrowers?”

1. 

   February 28, 2018

   Walter Roberson

   No, it will not. The transaction costs for the major blockchain currencies currently are roughly equivalent of $60, so those blockchain transactions are not affordable to the average person even in North America. There is certainly some flexibility in how much work is needed to verify a transaction so a custom currency can lower those costs, but lowering the amount of work carries increased risk of forgeries.

   Reply
2. 

   February 28, 2018

   Mike Reeves-McMillan

   There’s a great deal of flim-flam and buzzwordery around blockchain, it seems.

   Reply
3. 

   March 7, 2018

   Walter Roberson

   theverge.com – ‘Blockchain’ is meaningless

   Reply