How Central Banks Destructively Influence Decentralized Finance.
25 Apr 2020, 18:33
đź”´How Central Banks Destructively Influence Decentralized Finance?
đź”»Existing systems, such as central banking, operate effectively in some manners and ineffectively in others for a variety of reasons
Modern banking systems have incurred many damages and still are wreaking havoc on people’s life, although they are flexible and powerful enough for administrators to manage the economic upheavals and shockwaves like what we are undergoing. Nevertheless, independent monies follow an absolutely different path
Unlike a bank, Bitcoin has no balance sheet and possesses no notion of credit or debt. In other words, the protocol maintains only what users own, not what is owed to them or what they owe to others. It promises only scarcity and censorship resistance. As a result, Bitcoin cannot be bailed out, cannot bail others out and requires virtually no supervision.
#bitcoin
#economy
#FriedrichHayek
#indipendentmoney
#centralbanks
Same news in other sources
125 Apr 2020, 18:43
đź”´Blockchain Fails to Keep Decade-Long Promises: Privacy is being Jeopardized
đź”»In 2019 Over $292 million and over 500,000 pieces of customer data were stolen from cryptocurrency exchanges. Absolute transparency is not what swindlers would rather, since privacy can empower bad actors to facilitate illicit behavior like money laundering and illegal trading.
Despite its considerable evolution and being adopted by several international corporations, blockchains still don’t make their users absolutely anonymous and leave some trail behind. Catherine Tucker, a professor of management at MIT believes that Blockchain technology’s trademark immutability has large privacy consequences.
In nearly 10 years, since the advent of Bitcoin, privacy has been a matter of controversial topic in the blockchain industry. It would be worthwhile to mention that there has been lots of progress on this front and Privacy has been increased in most blockchains.
#blockchain
#privacy
#adopt
#information
#regulations
#anonymity
Blockchain Fails to Keep Decade-Long Promises: Privacy is being Jeopardized.
đź”´Blockchain Fails to Keep Decade-Long Promises: Privacy is being Jeopardized
đź”»In 2019 Over $292 million and over 500,000 pieces of customer data were stolen from cryptocurrency exchanges. Absolute transparency is not what swindlers would rather, since privacy can empower bad actors to facilitate illicit behavior like money laundering and illegal trading.
Despite its considerable evolution and being adopted by several international corporations, blockchains still don’t make their users absolutely anonymous and leave some trail behind. Catherine Tucker, a professor of management at MIT believes that Blockchain technology’s trademark immutability has large privacy consequences.
In nearly 10 years, since the advent of Bitcoin, privacy has been a matter of controversial topic in the blockchain industry. It would be worthwhile to mention that there has been lots of progress on this front and Privacy has been increased in most blockchains.
#blockchain
#privacy
#adopt
#information
#regulations
#anonymity