How Cryptocurrency Can Abolish the Fed (Part 1: What is the Federal Reserve System?)
The Federal Reserve Bank commands immense power over people’s lives. The extent to which it exercises this control is incalculable, and if people understood how it worked and the consequences of its activities, they would strive to abolish it immediately. However, this is not the first time someone has articulated the dangers of centralized control over....
Related News
I think it's high time many societies around the world work to abolish the so-called democracies that are restricting the rights of individuals.
Abolishing the Fed is easier said than done. It is a monumental task, but the tools exist. One is called Bitcoin. It is the fire Prometheus stole from the heavens and gave to humanity. It is the incubator of a new world, a financial godsend prepared to liberate the indentured. It is already allowing people to regain financial control and disrupt....
The Federal Reserve has published new research on distributed ledger tech. The paper, which explores applications of the technology in payments and transaction settlement, was drafted by teams from the Federal Reserve Board as well as the Federal Reserve Banks of New York and Chicago. Though research has been published in the past by members of the Federal Resrve system, most notably the Federal Reserve Banks from Boston and Chicago, the paper's release represents the first major release from the Federal Reserve Board. Overall, the research casts a wide net, including both a top-down view....
This morning The Federal Reserve Bitcoin Strategy was released in a paper outlining multiple options for improving the U. S. payment system. In the past, Digital currency had been deemed too immature. Now, after pressure from private sector interests, the Fed is seriously analyzing the benefit of incorporating Bitcoin code in the U. S. fiat system. "A U. S. payment system that is safe, efficient and broadly accessible is vital to the U. S. economy... the Federal Reserve plays an important role in promoting these qualities as a leader, catalyst for change and provider of payment....
According to a press release, the U.S. Federal Reserve (Fed) might provide crypto banks and other entities with access to Federal Reserve accounts and payment services. Following two proposals from the Federal Reserve Board in May 2021 and March 2022, the institution has arrived at final guidelines for these purposes. Related Reading: MakerDAO Set To […]