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RE: A year in the Milestone(Happy Steemit Birthday to me)

in #steemit6 years ago

Very cool man, amazing how its been a wh0ole year! soon we will see steem pump as eos leads the new bull rally like ethereum did last year

here is some relevant info man about news tsory from a big bank institution, bank of international settylements

https://news.bitcoin.com/bis-gm-argues-new-cryptos-are-the-alchemy-of-the-age-of-innovation/

The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by BIS general manager Agustín Carstens that describes many cryptocurrencies as comprising “get-rich-quick schemes” that “should not be conflated with the sovereign currencies and established payment systems that have stood the test of time.”

.>The BIS general manager asserts that “With new cryptocurrencies proliferating, it’s as important to educate the public about good money as it is to build defences against fake news, online identity theft, and Twitter bots.”
“Conjuring up new cryptocurrencies is the latest chapter in a long story of attempts to invent new money, as fortune seekers have tried to make a quick buck,” Mr. Carstens continued. “It has become the alchemy of the age of innovation, with the promise of magically transforming everyday substances (electricity, in this case) into gold (or at least euros).”
Mr. Carstens states that “Currently, central banks around the world are working on systems for retail payments that will allow instant transfers, anytime and anywhere. They are also actively testing the distributed ledger technology underlying cryptocurrencies – not as a substitute for the current system, but to build on it.”
The BIS general manager concludes that “Even in this digital age, trust in the issuing institution matters and will continue to underpin currencies. Central banks, for their part, will have to continue earning that public trust by closely guarding their currency’s value.”
Mr. Carstens added that the BIS would be providing further elaboration regarding its opinions pertaining to cryptocurrency in a “special section” of its annual report on June 17th.

LOL its like he left a Cliff Hanger like he basically said "Wanna read more? Buy our Book/Anual Report" haha there you have it man! you can use that info to look very smart, you can show people that when you check the Bank of International Settlements Annual Report theyll have a whole special section just on crypto! :D

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Its a great hope to see steem boom..like it never will. But things have been good so far.. It seems so happy to see steem building a better digital world for Africans.

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