|
Title: [2014-08-18] How Bitcoin might transform international payments — a lifeline for Post by: erono on August 18, 2014, 10:20:47 AM http://venturebeat.com/2014/08/17/how-bitcoin-might-transform-international-payments-a-lifeline-for-millions/
On the very first block of bitcoin, its mysterious creator had commented: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” He too, has experienced Jamie Dimon’s unbelievable week in America. As a result, he has crafted a new way of transacting money: a peer-to-peer, and open system of technology that looks very little like the system that led to Lehman’s failure. Nearing the middle of the Great Recession, the total amount committed by the Federal Reserve to depression-prevention had risen to nearly $30 trillion. |