Masse monetaire bitcoin exchange rate
26 commentsIndian bitcoin adoption responds to government signalling for regulation
Computer scientists have devised a digital crypto-currency in league with the Bank of England that could pose a devastating threat to large tranches of the financial industry and profoundly change the management of monetary policy. The proto-currency known as RSCoin has vastly greater scope than bitcoin, used for peer-to-peer transactions by libertarians across the world and beyond the control of any political authority.
The purpose would be turned upside-down. 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 under a fractional reserve financial system.
This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping. Its e-mail dispatches are free, and you can subscribe at:. Individual Emails Daily Digest. Submitted by cpowell on Sun, Daily Dispatches By Ambrose Evans-Pritchard The Telegraph, London Sunday, March 13, Computer scientists have devised a digital crypto-currency in league with the Bank of England that could pose a devastating threat to large tranches of the financial industry and profoundly change the management of monetary policy.
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