Tag Archives: decentralized alternative to central banking

Part I of II, by Claudio Grass, Switzerland For years, I’ve been following very closely all the relevant updates on the State’s war on cash. I’ve read and written a lot about all the direct and indirect efforts to restrict the citizens’ choices and make sure they shift all their transactions and savings to the digital realm, where they can be better monitored, controlled and if need be, confiscated, by central authorities.  For some time now, the future looked rather grim....

Part II of II The big picture here is clear and it is essential to understand that it represents a very significant paradigm shift. Whether it is online or offline, whether it is through a mobile app, an exchange or even through physical contracts, ownership titles to gold holdings keep changing hands. And thus, no matter the vehicle that is used to facilitate these transactions, the fact of the matter is that it acts as a gold-backed currency. This alone is remarkable: After eons...

I have long been fascinated by both the progress made so far, and by and the promise of this new era of decentralized money that is only just beginning. Although I lack the technical expertise to fully understand the finer points of the code behind the different cryptocurrencies or to assess the nuances of the inner workings of Bitcoin, I do understand money, its history, its multifaceted functions, and the potential for abuse once a monetary monopoly arises. Therefore, I was...