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Title: [2016-10-04] Why Governments Want to Ban Cash, Dr. Scott Sumner Post by: BTCManagerOfficial on October 04, 2016, 02:42:17 PM https://btcmanager.com/wp-content/uploads/2016/10/Economist-Governments-wants-to-Ban-Cash.jpg
Governments and central banks are trying to put an end to cash to introduce negative interest rates and actively engage in the development of digital currencies for a simple reason: reduce the anonymization of money. Despite the falsified claims of economists, banks, and financial institutions, bitcoin is not anonymous by nature. In fact, one can argue that it is the most transparent form of money to ever exist, due to the existence of a decentralized blockchain with which anyone in the network can track down transactions. Emerging transaction “untangling” solutions have further increased the possibility of discovering initial or original transactions in a chain of bitcoin transactions, which gradually made bitcoin more de-anonymous than it used to be. This trend has also led to the rise in popularity of anonymity-focused cryptocurrencies like Monero... Read more here: https://btcmanager.com/news/finance/governments-are-eliminating-cash-replica-of-the-great-recession/ Follow BTCManager for the Latest on Fintech, Blockchain and Bitcoin! |
