Post
Topic
Board Economics
Re: The blockchain crash against financial system
by
NorrisK
on 24/11/2015, 22:43:00 UTC
it's a reality that Blockchain is changing the way we interact with each other, nevertheless being more specify, what do you think are going to be the changes to the economic system with the blockchain emergence in a short term?

I can see a blockchain used by banks to issue currencies not needing a central bank.  I guess we'll see what Hayek meant when he said that banks themselves should be free without government intervention.

The general public will have a hard time trusting a bank not backed by governments as this is what they have gotten used to.

Insurences from the taxes you pay that you will always get your money up to a certain amount.