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IT - Bitcoin
4 Sep 2017
Cryptocurrency and Central Banks: The Quest to Dematerialize Money
CoinDesk, September 4th, 2017

"Today, nation states have a monopoly on the issuance of notes and coins, one enforced with acts and regulations.

One just needs to revisit history to see how Liberty Dollar creator Bernard von NotHaus was charged with federal crimes for trying to mint his own private currency. Agents of the U.S. Secret Service and FBI raided the Liberty Dollar offices in 2007 and confiscated all its gold, silver and platinum. Bank accounts were frozen and computers seized..."
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    4 Sep 2017
    Business in the Age of Digital Cash
    Business 2 Community, September 4th, 2017

    "You don't have to be an investor or involved in the payment industry to know that Bitcoin has been on a roll. And, it's just not Bitcoin. It's any type of digital currency that uses blockchain technology. The age of digital cash is just starting and your business needs to be prepared.

    The thing is, digital cash isn't a new idea. David Chaum fist came-up with cryptocurrencies back in 1983. Then throughout the 1990's companies like Digital Cash were launched.

    Media outlets like CNN were discussing the impact that digital cash was going to have in the world in 1998. Things rapidly changed when Bitcoin arrived in 2009..."
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    6 Sep 2017
    Is Blockchain Ready for Fiat? Why Banks See Big Promise in Crypto Cash
    CoinDesk, September 6th, 2017

    "Central banks could soon see a wave of technological breakthroughs - that is, if the newest members of the Utility Settlement Coin (USC) project have anything to say about it.

    Initially designed as a way to minimize the role of clearinghouses by letting financial institutions pay each other directly using collateral-backed crypto tokens, the implications of the work could have a broad impact. Since the collateral associated with those tokens is to be held by central banks, the project is increasingly being seen as a step toward reimagining how fiat currency could be issued..."
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