Bitcoin Is A Monetary System Of Integrity
Many of the failings we see in society today are a result of the values of fiat money being absorbed.When going through basic training for the Army, the cadre of drill sergeants and general leadership make it a point to effectively engrain values that I would argue are paramount to any (and all) mature adults and active members of a society: values that go above and beyond their effectiveness in a military environment; values that seem to have been lost to the annals of history, masked by the luxuries of the modern era and buried under the mountains of data and information that are....
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Understanding the monetary system is foundational to seeing what’s wrong with the current system and to have a true grasp of Bitcoin and its importance.
The report awarded points to the fiat ecosystem for the safety and stability policy while highlighting that “Public oversight has helped achieve safe and robust payment systems.” In its continued efforts to identify the ideal future monetary system, The Bank of International Settlements (BIS) revealed the edge of the crypto ecosystem over the present-day fiat economy when it comes to fulfilling the policy goals. While sharing its vision for the future monetary system, the BIS outlined eight high-level goals it hopes to achieve — safety and stability, accountability, efficiency, inclusion,....
A hard fork has been announced for the NXT crypto-currency, which will enable the long anticipated 'Monetary System' feature that allows for the creation of user-issued currencies by 'locking' NXT. NXT users can update now to the NRS v1.4.5 client, which will enable the Monetary System. This is a 'hard fork', which means that the upgrade is compulsory if you want to keep using NXT without ending up on your own separate block chain. Users of NXT must upgrade to the latest release by block 330000, at which point the Monetary System will go live. The new Monetary System feature will allow....
In order to understand Bitcoin’s potential role in the future, we must understand the monetary system of the present.
While the United States is poised to start regulating Bitcoin, it seems like the folks in Hong Kong just don't seem too concerned. The news comes from Norman Chan, head honcho at the Hong Kong Monetary Authority (HKMA), who says that while the authority is responsible for "promoting the stability and integrity of the financial system, including the banking system," they aren't interested in touching Bitcoin. Yet, anyway. Chan says Bitcoin isn't appropriately described as money, and further states that digital currency as it were is not suitable for use as money, given wild fluctuations in....