Discover and read the best of Twitter Threads about #Blockchains
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The French data protection authority has issued the first formal guidance on the relationship between #blockchain and the #GDPR in the #EU.
I'll tweet some of the main points. Here is the full text: cnil.fr/sites/default/…
I'll tweet some of the main points. Here is the full text: cnil.fr/sites/default/…
1. The @CNIL makes clear that its goal issuing this publication is to provide concrete guidance to actors in the space. This is to be applauded. Many in this space try to build compliant systems but are having a hard time figuring out what this entails.
2. *Data controllers*: unsurprising: where users directly engage with the ledger they can sometimes be controllers.
This, however, is only so where natural or legal persons exercise a professional or commercial activity (broad interpretation of household activity).
This, however, is only so where natural or legal persons exercise a professional or commercial activity (broad interpretation of household activity).
1)I am seeing an increasing number of people under the impression that #lightning as an overlay bridge network for #blockchains (via atomic swaps) is a great thing for alts.
And they can not be more wrong.
In reality, Lightning is where #altcoins will come in droves only to die
And they can not be more wrong.
In reality, Lightning is where #altcoins will come in droves only to die
2) At the moment, all blockchains are entirely segregated from one another. The only real bridge that exists today are exchanges which are largely inefficient with enormous amounts of friction, ie. registration, KYC/AML, confirmation wait times for deposits/withdrawals, etc.
3) Friction & segregation of networks protects smaller networks from larger ones consuming & engulfing them. Network theory teaches us that we continually gravitate towards the singularity, after all this is the entire premise of a network. This is evident all throughout history.
Mes commentaires sur cet intéressant rapport parlementaire sur les #blockchains
#THREAD
bit.ly/2KEq9oi
#THREAD
bit.ly/2KEq9oi
1) S'agissant des aspects descriptifs, remarquable effort de documentation, de compréhension et de pédagogie technique sur les origines et le fonctionnement de #Bitcoin, des #blockchains et des #cryptomonnaies. Résultat assez impressionnant de précision et d'objectivité
1/ Economists and traditional valuation experts claim that for most anything to be *valued* it must have cash flows.
2/ These experts then go on to say currencies can't be valued, they can only be *priced.*
3/ So then the "fundamental value" of stocks and other cash producing assets is based on currencies that have no fundamental value? Logic seems fragile at best, like building a castle with air.
1\ Physicists have a word "crank": a person who doesn't know physics but persists in promulgating their personal theory. Cranks pop in all fields of physics but especially in certain areas: quantum mechanics, field theories, relativity, cosmology, &c.
2\ Why these subjects? B/c they are abstract & esoteric. It's hard to crank in Newtonian mechanics because your bogus theory is easily disproved by direct human experience. It's easier to crank in quantum b/c few outside the tribe of physics really understand quantum mechanics.
3\ Bad cranks are just crazy people. But good cranks are interesting. Their work *looks like* physics (has math, equations, diagrams) and, because its engaging an abstract subject like quantum mechanics, can be mistaken for real physics by laypeople who can't tell the difference.
