Ethereum advocate Raman is warning that Wall Street's infatuation with private, permissioned blockchains is a "race to the bottom." In remarks this week, Raman said that while centrally controlled networks have a place in finance, they can't unlock the full benefits of the technology without an open, transparent base. The comments come as financial institutions continue to experiment with distributed ledgers that restrict access to approved participants.
A pointed phrase
Raman's choice of words is deliberate. "
