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DLT Deemed Critcal by Trump Administration in US-China Tech Arms Race


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5 hours ago, KarmaCoverage said:

Nice to see further evidence that Blockchain regulations is in fact a topic that the highest levels of government's is aware of.

Also nice to see the term "Distributed Ledger Technology", instead of "Blockchain". 

Maybe it's because they mean DLT and not blockchain? :D

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4 hours ago, Skippy said:

Maybe it's because they mean DLT and not blockchain? :D

DLT & Blockchain are synonymous.

I view the wording choice as a sign of Ripple's regulatory success, because Ripple came up with the term DLT a few years ago to discuss the technology, when Blockchain was a dirty word tied to crime/silk road.

Also, it sounds more like a boring accounting word, which is in line with the fact that all Blockchains, even BTC & XRPL are simply accounting tools.

Edited by KarmaCoverage
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1 hour ago, KarmaCoverage said:

DLT & Blockchain are synonymous.

I view the wording choice as a sign of Ripple's regulatory success, because Ripple came up with the term DLT a few years ago to discuss the technology, when Blockchain was a dirty word tied to crime/silk road.

Also, it sounds more like a boring accounting word, which is in line with the fact that all Blockchains, even BTC & XRPL are simply accounting tools.

DLT and Blockchain are used as synonyms, but in fact Blockchain is a subset of DLT.

So each Blockchain is DLT, but not each DLT Blockchain.
It is a good choice for using DLT term in that paper.

David Schwartz defined Blockchain here (actually it is a pretty cool definition :) )

https://www.distributedagreement.com/2018/09/24/what-is-a-blockchain/#more-707

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27 minutes ago, thinlyspread said:

Too little too late? 

It is clear who is Not in the lead. 

That said, like any behemoth company competing in a new (crypto) industry, they can afford to "let the little guys get killed trying first", and learn from who did/didn't survive. Then when they weigh in, if they have conviction, they can tip the pendulum away from little guys taking the lead and back towards incumbents taking the lead back.

Innovation comes from outside an industry, but is implemented from within an industry.

The geopolitical implications of dethroning the USD bring another layer of complexity to this situation. One party has nothing to lose, so being aggressive has little downside cost. The other party has everything to lose, being defensive takes precedence, but a lack of action and aggressiveness in that defense would be a misstep. 

Edited by KarmaCoverage
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On 10/16/2020 at 12:12 PM, jlr said:

DLT and Blockchain are used as synonyms, but in fact Blockchain is a subset of DLT.

So each Blockchain is DLT, but not each DLT Blockchain.
It is a good choice for using DLT term in that paper.

David Schwartz defined Blockchain here (actually it is a pretty cool definition :) )

https://www.distributedagreement.com/2018/09/24/what-is-a-blockchain/#more-707

Yeah it's remarkable how little some of these forumers know and base their "informed" decisions on.

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