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IPFS News Link • Blockchain

Cryptocurrency and Blockchain Mass Adoption Amidst A Wider Financial Crisis

• https://www.newsbud.com by Pye Ian

From the Bank for International Settlements – which is the central bank to central banks – to Ben Bernanke, Hank Paulson, Tim Geithner & Alan Greenspan, to the Financial Times, Wall Street Journal & their imitators, essentially tacit confirmations of regulatory failures to fully recover the economy from the 2008 Financial Crisis are being politely put forward to an increasingly nervous, war-weary public.  Yet no credible preventative solutions are being proffered; only admissions that the next crisis will be much harder to cope with because most of the available policy ammo was used up in fighting the prior crisis a decade ago.

Instead, large and small financial institutions and even central banks are putting their capital and efforts into adapting cryptocurrency and blockchain protocols, considering that the latter aren't fads or ephemeral phenomena, but rather future technocratically-mandated global platforms for value ledgering and transfer.  I.E. an "Internet 2.0" in size, scope and significance, yet this time with regard foremost to 'money' instead of simply the velocity and perceived sanctity of information transference.


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