this post was submitted on 22 Aug 2024
481 points (95.3% liked)

Technology

59148 readers
2006 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
481
In Leaked Audio, Amazon Cloud CEO Says AI Will Soon Make Human Programmers a Thing of the Past (futurism.com)
submitted 2 months ago by [email protected] to c/[email protected]
199 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 2 points 2 months ago (1 children)

No idea, I don't work in fintech, but was it a fundamental problem that required a solution?

I've worked with blockchain in the past, and the uses where it excelled were in immutable bidding contracts for shared resources between specific owners (e.g. who uses this cable at x time).

[โ€“] [email protected] 3 points 2 months ago* (last edited 2 months ago)

Fully decentralized p2p cryptocurrency transactions without double spending by proof of work (improvement upon Hashcash) was done first with Bitcoin. The term fintech did not exist at the time. EDIT: looked it up, apparently first use as Fin-Tech was 1967 https://en.wikipedia.org/wiki/Fintech -- it's not the current use of the term though.