BLOCKCHAIN - The Future Monetary System

in #bitcoin • 6 years ago

By December 23, 1913, US President Woodrow Wilson signed the Federal Reserve Act into law with a proposal to have a DECENTRALIZED CENTRAL BANK that balanced the competing interests of private banks and populist sentiment.

Could it be the Blockchain? 

or this...

the FED (Federal Reserve) - job to control the money supply, set interest rates, regulates banks and ensures the safety of the financial system. That’s why this happened.

FED has the power to create and destroy money. If you and I run a printing press in our house we are counterfeiters but if the FED runs the electronic printing press, its MONETARY POLICY. 

Blockchain is a new Monetary System, a new and revolutionary technology that will be the future of Financial System. What do you think? 

#blockchain #cryptocurrency #steemit #decentralization
6 years ago in #bitcoin by
$0.00
    1 vote
    Reply 0

    Coin Marketplace

    STEEM 0.33
    TRX 0.11
    JST 0.034
    BTC 66579.21
    ETH 3282.19
    USDT 1.00
    SBD 4.30