Curated Resource ( ? )

Central banks beat Bitcoin at own game with rival supercurrency

Like blockchain , fintech
Curated: 21/03/2016 from www.telegraph.co.uk/business/2016/03/13/central-banks-beat-bitcoin-at-own-game-with-rival-supercurrency/

my notes ( ? )

could pose a devastating threat to large tranches of the financial industry, and profoundly change the management of monetary policy... RSCoin would be a tool of state control, allowing the central bank to keep a tight grip on the money supply and respond to crises. It would erode the exorbitant privilege of commercial banks of creating money out of thin air ... Layers of middlemen ... face a creeping threat ... risk extinction over time... ordinary people could by-pass the commercial banks and hold balances directly with the Bank of England

Read the Full Post

The above notes were curated from the full post www.telegraph.co.uk/business/2016/03/13/central-banks-beat-bitcoin-at-own-game-with-rival-supercurrency/.

Related reading

More Stuff I Like

More Stuff tagged blockchain , fintech

See also: Digital Transformation , Blockchain, Crypto, NFTs etc , Science&Technology

Cookies disclaimer

MyHub.ai saves very few cookies onto your device: we need some to monitor site traffic using Google Analytics, while another protects you from a cross-site request forgeries. Nevertheless, you can disable the usage of cookies by changing the settings of your browser. By browsing our website without changing the browser settings, you grant us permission to store that information on your device. More details in our Privacy Policy.