BitShares Forum

Main => General Discussion => Topic started by: CLains on September 11, 2014, 04:39:30 pm

Title: The Bank Of England on the Promise of Cryptocurrencies
Post by: CLains on September 11, 2014, 04:39:30 pm

Quote

Since anybody can check any proposed transaction against the ledger, this approach removes the need for a central authority and thus for participants to have confidence in the integrity of any single entity ... The majority of financial assets — such as loans, bonds, stocks and derivatives — now exist only in electronic form, meaning that the financial system itself is already simply a set of digital records ... This development could allow any type of financial asset, for example shares in a company, to be recorded on a distributed ledger.

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin2.pdf

http://www.businessinsider.com/bank-of-england-report-on-bitcoin-2014-9

Title: Re: The Bank Of England on the Promise of Cryptocurrencies
Post by: serejandmyself on September 11, 2014, 04:57:11 pm

notice the 2 last paragraphs, they are tlaking about bitshares x without knowing it  ;D

Title: Re: The Bank Of England on the Promise of Cryptocurrencies
Post by: xeroc on September 11, 2014, 05:06:24 pm

http://www.youtube.com/watch?v=CxDKE_gQX_M&feature=share
they almost use Bytemasters words to describe shares on a ledger :)