Bitcoin Foundation Hits at Banking System In New Manifesto, Calls for Greater Bitcoin Adoption
Members of the Bitcoin Foundation seem to have taken a swipe at the banking system as reflected in the non-profit’s newly released manifesto. Made public on Nov. 3, the manifesto cites traditional financial services, especially banking, as not being inclusive for the 2.1 bln people that live on less than $3.10 a day. It also states that electronic payment processing times and fees have been too high which has been the prime reason behind 85 percent of all commerce globally being done in cash. Poor long-term store of value. Fiat currency has been a poor long-term store of value, especially....
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The Bitcoin Foundation today announced to test its upcoming on-blockchain voting system on crowdfunding platform Swarm. As stated in the organization's latest blog, the aim of this project is to bring "greater transparency not the voting process", where every vote is recorded under a secure, cryptographic hash. The foundation however ignored to elaborate the insights of this project - explaining how different it is from the other decentralized voting platforms like BitCongress. Though a theoretically astound concept, the Bitcoin Foundation's voting system project still has taken a long....
Former Member of the European Parliament Godfrey Bloom has bought his first bitcoin. The British politician is famed for numerous controversial views, such as calling the entire banking system a scam and the state an institution of theft. Godfrey Bloom Now Owns Bitcoin Godfrey Bloom is a British politician who served as a Member of the European Parliament (MEP) for Yorkshire and the Humber from 2004 to 2014. He was elected for the U.K. Independence Party but later served as an Independent. Bloom has also published six books on military history and the Austrian School of Economics. The....
Floki Inu recently bore the brunt of the calls for crackdown on ads being posted on the London transport system. The calls for the crackdown had begun after Floki Inu ads had shown up all over what is known as “The Tube” in London, causing concerns among lawmakers about the risks associated with an investment […]
Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency will likely result in a decline of the volume of the public’s deposits.
Increase in the Banking System’s Interest Expenses
Israel’s central bank, the Bank of Israel (BOI), has said its analysis of the proposed digital shekel’s possible impact on banking stability showed that the expected effect is not as significant as....
Cardano Founder Charles Hoskinson shared his damning thoughts on the legacy financial system, concluding that cryptocurrency will take over because it offers a better way. The Banking System Brought This On Itself Much is said about the enmity between cryptocurrency and banking. While the banking system towers above cryptocurrency in terms of both capitalization and […]