Skip to main content

Home/ ITGSonline/ Group items tagged RSCoin

Rss Feed Group items tagged

dr tech

Central banks beat Bitcoin at own game with rival supercurrency - 0 views

    "The proto-currency known as RSCoin has vastly greater scope than Bitcoin, used for peer-to-peer transactions by libertarians across the world, and beyond the control of any political authority. The purpose would be turned upside down. RSCoin would be a tool of state control, allowing the central bank to keep a tight grip on the money supply and respond to crises. It would erode the exorbitant privilege of commercial banks of creating money out of thin air under a fractional reserve financial system."
1 - 1 of 1
Showing 20 items per page