Started by EvadingGrid, Apr 27, 2017, 04:34:27 AM
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Quote from: EvadingGrid on May 08, 2017, 11:15:40 AMThe interesting pattern is when they release something like chip & pin they left all of them wide open... That they keep introducing theoretical improvements but always sabotage the security. The pattern is so strong that it will lead to one outcome, we will have to go bio for security.
Quote from: David Icke Bot on Sep 28, 2017, 04:17:11 AMJapan considers killing cash by launching own cryptocurrencyhttps://www.rt.com/business/404771-japan-digital-currency-cash/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome'Authorities in Japan are considering starting a digital currency to be called the J-Coin. By doing so, Tokyo will reduce cash circulation in the country."The project is in the early stages, and we have just held study meetings with other institutions," a spokesperson for Japanese bank Mizuho Financial Group told CNBC on Wednesday."This will be pegged with Japanese Yen, and hopefully used to make payments and transfers through a mobile phone app," the bank said.According to a report by the Financial Times, a consortium of Japanese banks are working on the project, and they are interested in launching the J-Coin before the Tokyo Olympics in 2020.The project has the support of the central bank and regulators. The J-Coin will allow Japanese consumers to pay for goods and services with their smartphones.'Read more: Japan considers killing cash by launching own cryptocurrencyLast Edit by Palmerston
Quote from: Al Bundy on Sep 28, 2017, 06:10:04 AMJapanese may imagination about everything but they vassals of USA and worst president of N. Korea Kim Jon Il consider attack on Japan.
Quote from: EvadingGrid on Sep 28, 2017, 06:41:59 AMJapan is still 'occupied territory' by the USA.Last Edit by Palmerston
Quote"Cash has many advantages, but its end might be near.There are political and technological reasons why the use of cash may be diminishing. Cash is being condemned by many politicians and economists. According to Berentsen and chÃ¤r (2016), the argument of these cash critics essentially is based on three claims: First, the use of cash is inefficient and significantly more expensive than electronic payments. Second, cash promotes crime and facilitates money laundering and tax evasion.10 Third, cash hinders monetary policy by limiting the central bankâ€™s ability to use negative nominal interest ratesvas a policy option.Technological reasons also apply: In the near future, a close cash substitute will be developed that will rapidly drive out cash as a means of payment.
Quote... Today, in most countries, the population can pay only with legal tender through the use of cash. If cash disappears, the population is forced to make all payments with private money. By offering transaction accounts, central banks enable the general public to hold legal tender in electronic form. A large part of the population will consider it a close substitute for cash, and this will make it easier to say goodbye to cash...Overall, we believe that implementing "central bank electronic money for all" is straightforward since these accounts can be used only for making payments. No credit can be obtained,and so almost no monitoring is needed. (Of course, some standard regulations would still apply.) All transactions would need to be initiated electronically....History and current political reality show that, on the one hand, governments can be bad actors and, on the other hand, some citizens can be bad actors. The former justifies an anonymous currency to protect citizens from bad governments, while the later calls for transparency of all payments. The reality is in between, and for that reason we welcome anonymous cryptocurrencies but also disagree with the view that the government should provide one.'