The War on Cash: Bitcoin, Blockchain, Banks & Decentralisation
The war on cash has been a favorite pet project of the economic central planners for quite some time now. They want to eliminate hand-to-hand payments so that governments can control, document and tax everything. The governments hate paper cash as it is so hard to track and the light in the darkness for them to rectify this is Bitcoin and its distributed ledger but they want control of it first. Although you won’t hear anything about this in the mainstream press the wheels are already in motion to eliminate the paper cash system and among other tell-tell signs that this is the case was in....
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Safe Cash, a blockchain-based cash payment service, claims it can handle 25,000 transactions per second – more than 3,000 times as many as the bitcoin network – bringing cash into the electronic ecosystem. Safe Cash is an end-to-end secure payment platform giving banks, businesses and consumers instant and final cash-based transactions. Banks provide tokens redeemable for cash, allowing cash to be used as a digital asset. Transaction settlement occurs in less than 5 seconds. “It (cash) is the only payment today that hasn’t been brought into the electronic ecosystem,” a video noted on the....
One of the core principles of web3 gaming is the idea of decentralisation–more specifically, decentralised ownership of assets. But, the teams at Unix Gaming & Delysium believe that by limiting decentralisation to assets, developers have also been limiting themselves.
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Bitcoiners champion how blockchain technology could undermine the financial system and effectively destroy banks. Bitcoiners mention how banks are going the way of the buffalo and blockchain inspired technology – or simply Bitcoin – will revolutionize the way the world does, basically, everything. Bitcoin, they say, will allow individuals to become their own banks. But, what if the opposite is happening? Many people on the opposite side of the aisle believe that blockchain technology will cut overhead so much that the record profits big banks have made in recent years will look small.....