BitShares Forum
Main => General Discussion => Topic started by: onceuponatime on March 13, 2016, 08:12:56 pm
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Central banks beat Bitcoin at own game with rival supercurrency
Dr Danezis said there are three big centres of research and innovation into the fast-moving area of 'Fintech' and crypto-currencies. The City is at the cutting edge. "The game is between London, New York, and Silicon Valley in California," he said.
full article: http://www.telegraph.co.uk/business/2016/03/13/central-banks-beat-bitcoin-at-own-game-with-rival-supercurrency/
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The most hilarious part
"The RSCoin is deemed more likely to gain to mass acceptance than Bitcoin since the ledger would remain exclusively in the hands of the central bank, with the 'trust' factor of state authority."
Because having cryptocurrency in the hands of everyone with no one holding central power is bad. People having their own money on their pockets is bad. People need the central banks handling all of that in order to work properly. After all, it worker great so far.
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Scientific explanation how to steal money from stupid people.
http://arxiv.org/pdf/1505.06895v2.pdf
They already agree on transparent dilution and pseudoanonimity (probably they forgot about terrorism agenda? LoL). Wait a bit. They would agree on more :-)
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These central bankers are getting desperate as their control become eroded by the crypto movement.