Curated Resource ( ? )

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

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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/.

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