Bitcoin and banks were never supposed to go hand-in-hand. So, in 2015, when the world’s largest financial institutions began investigation the technology behind Bitcoin, blockchain, it took many people by surprise. Now, approximately two years after those efforts began in earnest, it seems there’s somewhat of a clash taking place between Bitcoin and the consortium through which the world’s largest banks investigate blockchain technology, R3.



The blockchain consortium, whose main goal is to cut costs for the back office processes at major banks, seems to have no problem lobbying legal threats at members of the Bitcoin Community who do not follow the consortium’s line.

Peter Todd, longtime Bitcoin Core developer, seems to be the latest Bitcoiner to receive legal threats lobbied by R3.

Prior art basically means that it’s been done before or whatever R3 is working on is already known. (ever heard of Bitcoin or like any alternative digital blockchain?)

GoldSilverBitcoin, furthermore, has gained access to evidence that Mr. Todd is hardly the first Bitcoin community participant to receive threats from R3, as a popular Bitcoin website has also received heat for publishing not-so-flattering stories about R3 partners.

Upon making the cease and desist public, Mr. Todd also confirmed that R3 has vetoed third party peer review of its technology; namely, Corda, which Mr. Todd helped develop. R3 has maintained Corda is designed as a open-source platform.

Ultimately, all Mr. Todd did was question R3’s patent, which put the consortium on edge, which in recent weeks has left Morgan Stanley and Goldman Sachs as partners.

Mr. Todd clarifies, he was never paid for Proofchains, a precursor to Corda that R3 hired him to further develop.

R3 gained notoriety for bringing together 70 of the world’s largest financial institutions to investigate blockchain technology with an eye towards revolutionizing the way the world does business.

R3 says it will be open-sourcing Corda next week on Wednesday. Stay tuned.

5 comments

  1. Olá lá ! Isto artigo não podia ser escrito muito melhor!
    Passando por isto post me lembra do meu companheiro de quarto anterior!
    Ele constantemente manteve pregando sobre isto.
    Eu vou frente este post com ele. Razoavelmente certo ele vai tem um muito bom
    ler. Obrigado por partilha!

  2. Aubrey says:

    WOW just what I was looking for. Camme here by searching for visit this link

  3. Antony says:

    Thiis information iis worth everyone’s attention. Where can I find out more?

  4. Nova Hively says:

    I thought $300 was expensive for party poker account but I got it and stole all that fuckers sweet money. I had cashed out before he even know what hit him.$5633 Profit Easy as pie.

  5. Jeff Francia says:

    http://oufkrhddoiik3xoy.onion crazy good im so happy with the work they done.

Leave a Reply

Your email address will not be published.

Footer Top #1

This is "Footer Top #1" widget area. Visit your Widgets Page to add new widget to this area.

 

Footer Top #2

This is "Footer Top #2" widget area. Visit your Widgets Page to add new widget to this area.

 

Footer Bottom #1

This is "Footer Bottom #1" widget area. Visit your Widgets Page to add new widget to this area.

 
 

Footer Bottom #3

This is "Footer Bottom #3" widget area. Visit your Widgets Page to add new widget to this area.

 

Footer Bottom #4

This is "Footer Bottom #4" widget area. Visit your Widgets Page to add new widget to this area.

 

© 2019