Wednesday, May 23, 2018

Simplify, simplify

Norway and England Contemplate Central Bank-Issued Cryptocurrencies
I make the issue simple. Can a customer select a notary bot and give it control over the account?   Yes, and no, the SWIFT system needs to apply regulation as to how much, how many transactions over what interval.

This is what we need on Telegram, an interface between our bots and SWIFT.  Meanwhile we have work arounds.

In theory, we should be able to do central banking using OTC on swapnets. But if it SWIFT we liquify, the government takes its monopoly fee, we derive that from congestion among the notaries in  OTC, as opposed to pit. Let the correspondent bank system collect their fee. Guv gets a cut. And, we know about partial default in sandbox.

No comments: