Ripple & BitFury Crossing "Bank & Blockchain DNA" for Interoperability
In the Financial System, On one hand, we have "Central Ledger's", which are the legacy Payment Networks of the old world -- and on the other hand, we have Blockchain Technology, which is the new "open & secure" peer-to-peer decentralized ledger.
Now, Ripple & San Francisco based Bitfury, have teamed up AND are releasing new code that uses Lightning Network with Interledger, to conduct transactions NOT ONLY, between different cryptocurrencies, but also between the traditional financial systems' central ledgers, such as PayPal, Alipay, & those lame old Bank Accounts.
So, how does connecting traditional bank accounts and PayPal accounts, to the blockchain, effect cryptocurrencies like Bitcoin?
And, if bank account hooks up to a blockchain in the woods, and there's no Lightning Network to connect it, do we know if it works yet? Let's Discuss!
=== Show Links ===
► http://coinmarketcap.com/
► https://www.coindesk.com/lightning-bank-ledgers-bitfury-ripple-demo-new-twist-bitcoin-tech/
► https://blog.trezor.io/addressing-concerns-about-trezor-firmware-1-5-2-4c1f766034c7
► https://www.crunchbase.com/organization/bitfury#/entity
► https://www.reddit.com/r/Bitcoin/comments/6ub4dy/after_trying_to_time_the_market_by_buying_and/
► https://www.reddit.com/r/Bitcoin/comments/6u0pdy/hodl_right_now/
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Whoa. The whole point of an alternative monetary/currency system IS TO GET AWAY FROM THE BANKS & their heinously criminal & putrefyingly usurious fee schedules, their punitive debt slavery, & their literally GENOCIDAL money-creation practices .... AND ALSO to allow us to be FREE FROM WHATEVER local or foreign TAXATION DEPARTMENT CLAIMS TO HAVE TAXATION CLAIMS ON US.
Taxation is high way robbery pure & simple. We must be free to aid only those we wish to aid. Currently not one penny of our tax $$$$ goes back into our economies - to either build repair or maintain infrastructure.
The whole point of an alternative monetary/currency system Is to allow us to engage commercially with EACH OTHER AS PEERS -
F R E E L Y. Peertopeer. Sans all uninvited third parties.
I wish to engage commercially (or in any manner whatsoever) with whomsoever or whatever other entity, I desire WITHOUT ANY OTHER SECONDARY ENTITY EITHER KNOWING ABOUT IT (unless I & the other principal party involved MUTUALLY grants them the privilege of knowing about it), OR WITHOUT HAVING TO UTILISE A FEE-DEMANDING THIRD PARTY in order to complete the transaction - unless I & the other principal, mutually agree to allow such ..... or use 'their' toilet paper money.
LET ALONE DEMAND A TAX ON ME.
WHAT KIND OF FEES will these other "Interledger" parties DEMAND ....... Will they be willing to open their ledgers to either governmental, regulatory or taxation agencies ?
WHY ?!?!?!?
If I was a blasphemer I would be blaspheming like an enraged Alex Jones right now, but adding in the blasphemy which he mercifully doesn't ...... Even while literally frothing at the mouth ..... :) :) :)
Blockchain technology FINALLY allows us to engage in commerce with whom, & only with whom, we desire ......... NO NEED FOR BANKS OR GOVERNMENTS OR TAXATION DEPARTMENTS ANY MORE ..... the latter by which we are forced to help & contribute aid & succor to other/s INVOLUNTARILY - at the point of an IRS or ATO (Australian Taxation Office) gun.
You are aware, Gary I hope, that every penny of tax goes to pay off the "national debt" (20 trillion dollars worth) which debt is allegedly owed to the Fed ... Which entity is not only not 'Federal', not only private but many if not most of its private, non-governmental, corporate shareholders are Foreigners !!!!!!!
The bottom line as they say I regard 'The Fed' is that to allow any of your monies to aid & abet a foreign entity IS TO COMMIT TREASON !!!!!!!!
Another HUGE CONSIDERATION, Gary, is the horrific sin of "the sanction of the victim".
Now that we know of the unspeakable, unconscionable criminality of all of The Powers That Be, to continue to pay one's taxes, pay off one's mortgage, continue using any of their financial services IS TO criminally SANCTION THEM.
A "sanctioner" is just as evil, just as guilty, as the perpetrator of the abuse.
The only moral course of action now that blockchain technology enables voluntary, private, peertopeer interaction is to embrace it .... And at the same time disentangle one's self from the psychopathic monsters who currently control every aspect of our lives.
!!!!! A hideous pox on any interlinking with these heinous entities.... We may no longer sanction them by engaging with, condoning or even failing to condemn them .......
Blockchain technology makes it entirely possible to bypass them.
THANK HEAVEN FOR STEEMIT WHICH ALLOWS ME TO SAY THESE THINGS ANONYMOUSLY ................
I find your posts extremely valuable & informative. ...... Thank you, Gary.
Please do not fail to condemn criminality of any kind, my dear friend ..we must not be inveighaled by their wretched practice of using benign labels - such as 'Interledger' for their heinous practices.
Is the 'Federal Reserve' a federal utility ? Is the United Nations a unity of national resolve to eradicate war ??
GREAT COMMENT !!!!!!!!!!! - ))
.. well SAID !! - ))
LovelY TO SEE this much clarity and PASSION !! - ))
lovelovelove )))
greb'Z )
ps .. GREAT POST GARY !! - ))
.. stirring UP conversation .. AWESOME !! - ))
Thank you! Yes, we want to help people see this world, and understand how these things are connected to the broken ways of the past 100+ years.
GARY .. how about a shout OUT FOR .. MARKET MOVERS !! - ))
.. maybe a daily .. i wonder what might happen ??
https://steemit.com/upvotable/@fun-along-theway/999-follower-s-let-s-p-art-y
.. could become a HOT STORY TO "cover" ?? - ))
or ... YOU could 'MAKE IT' .. a HOT STORY !!! - )))
.. 'temporary consensus' .. moving MARKETS ? - )
no way ? - )
Thank you for the comment! You have a lot of great insight here; yes, we want a secure and decentralized world, without the restrictions and wars of the past!
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