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Title: [2014-09-11] Bank of England on the non-cost advantage of digital currencie Post by: LiteCoinGuy on September 11, 2014, 03:15:46 PM BoE on the non-cost advantage of digital currencies
TL;DR of paper 1: -decentralised ledger is a major innovation in the field of transactions, the last being double-entry bookkeeping in C16. -decentralised ledgers eliminate credit risk, liquidity risk and operational risk. -Thus they are more efficient and more robust. -As with money held as bank deposits, most financial assets today exist as purely digital records. This opens up the possibility for distributed ledgers to transform the financial system more generally. (e.g. coloured coins). http://ftalphaville.ft.com/ you can read the full here: http://de.reddit.com/r/Bitcoin/comments/2g3o0x/bank_of_england_publication_on_digital_currencies/ also: http://www.marketwatch.com/story/5-takeaways-from-the-bank-of-englands-bitcoin-report-2014-09-11-9103482 http://www.cnbc.com/id/101991761 good news. |