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BCE Virtual currency schemes (2012/10 en)

BCE Virtual currency schemes (2012/10 en)

http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf

Related:  Monnaies Virtuelles4.7.6.3. Insights

2012/11 Réponse à BCE par BLOGDIAL The European Central Bank is one of the most destructive entities ever unleashed upon the peoples of Europe. Its Keynesian fiat currency is backed by nothing, is defrauding millions, is by design stealing value from the people who are forced to use it under threat of violence, and is doomed to fail and collapse like all other fiat currencies before it. In the history of the world, there has not been a single fiat currency that has not collapsed, and the Euro will be no different. The average lifespan of fiat currencies has been 16 years, and the only exceptions to this are the currencies that have extra momentum for political reasons.

Digital currency A virtual currency or virtual money has been defined in 2012 by the European Central Bank as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community".[1]:13 The US Department of Treasury in 2013 defined it more tersely as "a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency".[2] Attributes of a real currency, as defined 2011 in the Code of Federal Regulations such as real paper money and real coins are simply that they act as legal tender and circulate "customarily".[3] The key attribute a virtual currency does not have at this time, is the status as legal tender. History[edit] Closed virtual currencies[edit]

Currencies of the Future Many people complain about government control of currency, but only a few do something about it. I’m not talking about movements to “audit the Fed” and such. I’m talking about real innovation that makes an end run around the government’s iron grip on the monetary system. Everything Created Digitally Is Nearly Free (June 7, 2013) It is immeasurably easier to digitally create claims on real-world assets than it is to create real-world assets. We all understand that the cost of everything that can be created digitally is near-zero.

Demurrage (currency) Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is the cost of storing and securing the gold. For paper currency, it takes the form of a periodic tax, such as a stamp tax, on currency holdings. Wary of Bitcoin? A guide to some other cryptocurrencies It might have passed you by, but an essential part of the internet's infrastructure took a heavy knock last week. The Silk Road -- you know, " the website where you can buy any drug imaginable" -- was subjected to a series of distributed denial of service (DDoS) attacks. Calling the Silk Road "essential" might seem an exaggeration, but it won't be if you're one of its many regular users. Nor if you're a regular user of Bitcoin -- its journey to mainstream acceptance began with the Silk Road, being as it is perfect for anonymous, untraceable transactions (as long as you're careful not to make your identity obvious, of course).

What is Modern Monetary Theory, or “MMT”? By Dale Pierce. Cross posted from New Economic Perspectives Modern Monetary Theory is a way of doing economics that incorporates a clear understanding of the way our present-day monetary system actually works – it emphasizes the frequently misunderstood dynamics of our so-called “fiat-money” economy. Most people are unnerved by the thought that money isn’t “backed” by anything anymore – backed by gold, for example. They’re afraid that this makes money a less reliable store of value.

Beyond Bitcoin: Your Guide to Digital Currencies Money has transformed from barter to skins to gold-backed currencies and fiat currencies based primarily on the faith its users have in the nation-states who issue it. In the past couple of decades, however, it has taken another turn to stateless digital currency. Once the work of science fiction or relegated to “in-game” systems like Second Life’s Linden Dollars, Tencent’s QQ Coins and Facebook Credits, digital currencies are becoming increasingly common. They’re fueling speculation and attracting proponents who are responding as much to these monies’ philosophical implications as to their economic possibilities.

for Bitcoiners Ripple is a payment system for any currency with support for cross-currency transactions. You can use Ripple to send and receive money in dollars, euros, yen or Bitcoin without having to do extra work for foreign exchange transactions. Now, you can spend and receive your Bitcoin as easily as any fiat currency.

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