Saturday, January 13, 2018

A true bitcoin debit system

An Independent Counterparty Protocol Dedicated to Bitcoin Cash

They will make robotic, secure web wallets and thus are able to do debit style clearing, allowing bitcoin side chains to be as divisible as desired.  If their robotic wallet are in your hand, it is bearer cash, it clears point to point.

Great stuff, completes the bitcoin system, we a bitcoin cash.  We potentially leaves the central banks high and dry and at risk. It cannot be regulated, it is not counterfeiting dollars, it is not bearer dollars.

Robotic wallets that operate on a protected spreadsheet using simple double entry accounting, no blockchain.  The bitcoin blockchain becomes high power money in the Uncle Milt sense.  

Central banks will have to scramble and we get turbulent times. The do or die moment is coming this quarter, the money invested in bitcoin is not going to let the opportunity pass.  Central banks blocked in, they have to adopt the sandbox or all hell breaks loose.

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