Sunday, December 3, 2017

Does the ECB understand 'instant payments'?

“Banks need to implement instant payments as soon as possible and provide an alternative narrative to the ongoing public debate on the alleged innovation brought by virtual currency schemes,” ECB director Yves Mersch told bankers at a meeting in Rome.
If true,this is one of the smartest thing a central bank can do, make digital cash. Instead we have Diane Feinstein trying to ban cash!

Bitcoin is not cash.  

'Cash is a one step protocol, here is a sweaty wad of cash in my hand, take it directly' . Without digital cash, Fintech does not  work.  In fact, in the dollar and euro regime, cash transactions, using digital, are quite common in dark pools.

Here is a few more lies:

A web wallet is a bank account, the bitcoiners have been lying.
There are zero cryptocurrencies in use, except for central banks using crypto dollar.  All the alternative coins have been blockchain, a hash system, not crypto.
Only web wallets use crypto techniques.

It was never my intent to trash the bitcoiners, I like blockchain.  But they are lying scumbags when it comes to marketing.

So, does the ECB agent understand cash? Has she every bought a candy bar with cash, does she get that it is a one step protocol?

No, read further and we find what she really means,  We can to cll th central banker ad get approval to buy  andy br, that i not cash.

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