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re: .
Posted on 9/4/17 at 1:09 pm to The Baker
Posted on 9/4/17 at 1:09 pm to The Baker
quote:
Also, nothing is worse for "big banking" than blockchain ledgers. Crypto has many large, old, established enemies... and very few allies: silicon valley, tech world in general.... So what do you foresee happening in the future regarding this paradigm?
I was actually at an NSF workshop last month and met a guy from Silicon Valley who has been giving talks around the world on cryptocurrencies. According to him the big banks have seen this coming for a long time and are actually in favor of the digital ledger.
He was also really excited by the roll out that the UN will be offering to refugees with the block chain model. Basically, instead of "currency" it would be like rations. Your account would have x amount of food, y amount of clothing, z amount of housing. He felt this was a great thing because it would eliminate the chances of fraud and make certain that people got the help they needed. I saw it a bit more as government making decisions for you...
Posted on 9/4/17 at 1:17 pm to BamaChemE
(no message)
This post was edited on 1/10/21 at 6:34 pm
Posted on 9/14/17 at 7:19 pm to BamaChemE
Block chain requiring spending on essentials addresses usa issue of welfare parent buying chips and dip instead of broccoli.
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