Tag: banks

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El papel de los Bancos Centrales es la transferencia de riqueza hacia las capas altas de la pirámide mediante la fabricación y destrucción de dinero con las correspondientes burbujas y recesiones.

Are NFTs the missing crypto killer-app?

The dot com vision was e-commerce, but the killer apps came in the form of social and search. In crypto, its still to be seen where the killer apps are.

I don´t think this killer apps will be about cryptocurrencies. Why? Because you need a real crypto economy generating value for many people.

A crypto economy is not people buying and selling Bicoins, but people earning Bitcoins in exchange for their work, products, and services.… Read more...

Crypto money: A Matter of Boundaries

Governments can define and control the boundary conditions of fiat money through banks and marketplaces. This way they control the transactions between fiat and crypto with KYC, AML, etc. regulations.

The real issue in crypto is not about how to move money around, but about how to move fiat money into the Blockchain, in order to create a real economy in there.… Read more...

CBDCs are Tools for Social Engineering

Inventing a new digital currency is nothing: all currencies are already digital. Just modify SWIFT a little bit so it remembers what was send to whom, et voila!. On the other hand, programmable money would generate large datasets to direct fiscal transfers to some people, and not to others. And also connect those people to central banks directly.… Read more...

From Subprimes to CBDCs

The idea behind banks is that they lend into business and industry to increase the productive capacity of the economy. Business and industry don’t have to wait until they have the money to expand. They can borrow the money and use it to expand today, and then pay that money back in the future.

The economy can then grow more rapidly than it would without banks.… Read more...

¿Quién rescatará a los rescatadores?

A largo plazo los precios vienen determinados por la cantidad de divisa existente, pero a corto plazo es la velocidad monetaria el factor crítico. Por eso en el sector minorista (hasta ahora) no habían subido apenas los precios.

Por otra parte los bancos tienen unos activos que dicen que valen X pero que no es así.… Read more...

Economía Post-Covid y la Fábrica de Burbujas

Los inversores han dejado de considerar el valor ‘utilidad’ y se están pasado al valor ‘almacén’. Compran pisos como en China para “guardar” el dinero, no para generar innovación o investigación. Lo mismo pasa con muchos otros productos: la gente piensa cada vez más en el valor de reventa de las cosas, y menos en el de utilidad.… Read more...

Who Needs a Hackable World?

Governments and corporations won’t ever allow decentralized apps because they are the ‘institutional hackers’. They need a hackable world to spy and control people.

Data breaches are just collateral damage in a war is about controlling each and every aspect of your life. Its about controlling your will (govs, police, etc.)… Read more...

Reserva Fraccionaria y Bancos Centrales

Todos los billetes de dólar que circulan por Estados Unidos son billetes de la Reserva Federal (“Federal Reserve Note”). Ésta los emite como letras de cambio y pide a la Fábrica de Moneda estadounidense que los imprima, pagándole 4 centavos por cada billete.

La Reserva Federal (que es una entidad privada, aunque eso es tema para otro día) presta dinero al gobierno de Estados Unidos comprando bonos del tesoro.… Read more...

Criptomonedas, un problema de falta de adopción

El de las criptomonedas es un problema en el que confluyen economía, política, tecnología y emociones encontradas. Y los análisis se basan en “partidarios” y “detractores”, cuando lo que debería haber es un análisis puramente técnico del asunto, no un debate ideológico.

Las criptomonedas (en concreto Bitcoin) estaban llamadas a generar una nueva economía con más libertad y oportunidades para todos.… Read more...

La importancia del oro

El oro y la plata no se usaban porque fuera raros o valiosos en si mismos: hay muchas cosas más raras que el oro. Se hicieron valiosos porque se usaban como dinero. Y se podía usar como dinero porque era conveniente: se podía transportar, fraccionar, contar, etc.

Los metales preciosos eran un símbolo del poder de alguien, o de un reino.… Read more...

The basic plan for the Federal Reserve System

The basic plan for the Federal Reserve System was drafted at a secret meeting held in November of 1910 at the private resort of J.P. Morgan on Jekyll Island off the coast of Georgia. Those who attended represented the great financial institutions of Wall Street and, indirectly, Europe as well.

The reason for secrecy was simple.… Read more...

CBDCs are for the Banks, not for the People

The world has too much debt, which cannot be repaid (actually by design). But growth is too slow to allow governments to cope by inflating away debt service costs.

So they try and trick the people by offering a quick, bank free way of taking on more debt. These are the CBDC (Central Bank Digital Currencies). These digital currencies will still be debt obligations.… Read more...

There can be only one

2 alternative and mutually exclusive scenarios for the future financial system:
– CBDC (fiat, central banks) -> current elites
– QFS (backed, decentralized) -> NSA, Trump

Who will win?
ONLY ONE CAN REMAIN.

Notes on Ripple

Ripple is a real time gross settlement system (RTGS), currency exchange and remittance network. Used by companies such as Santander, Unicredit and UBS. More than 17 banks are using it. Make ...

Lo importante es la imprenta, no la moneda. Los fanáticos del BTC están dominados por la idea libertaria de una moneda puramente digital, alejada del control de los bancos. Pero la verdadera innovación no está en la moneda en si misma, sino en la maquina acuñadora distribuida por todo el mundo que la fabrica y permite transaccionarla.… Read more...

Notes on Privacy

In 2019 the Internet is more centralized than ever before and eventually it will become just another media system, like cable TV. You will have issued your “internet access device” and it will only run on approved services and software that is fully monitored.

This is closer than it looks with mobile apps and its only left to close non regulated services using some terriorist, anti-russian or whatever any other bullshit they come up with for the ISPs / networks to disallow via traffic blocking.… Read more...

Blockchain for Payments (analysis)

BC payments are different because they rely on no middle men. BTC payments are possible without banks and ANY other institution with complete transparency acroos the globe without worrying about exchange rates.

What are the various opportunities to use the technology
BC for payments can be developed in many forms, but they need to consider:
– Legal aspects: the currency can be a cryptocurrency or a legal tender euros or dollars.… Read more...

Notes on The Current Payment System

 

Everyday transactions should be simple, clean, and anonymous, not logged into some stnking database for all eternity. I don´t want to be rated, tracked, sliced, diced, and data-mined by some techbro filth.

Grown increased complex in the system with many providers for different services. A single payment can activate 5 or more actors.… Read more...

When to use Blockchain?

– When you want to store something immutably.
– When things keep adding but old don´t change.
– Legal stuff, health records, insurance, communications records, etc.
– When you want to decentralize the control. Eg user identity management system.
– When you want proof of ownership of actions, documents or digital assets.… Read more...

Central banks are in the business of debasing your currency. Central governments are in the business of debasing your freedom and personal sovereignty. The central technology conglomerates are in the business of debasing your own personal data. - Steve Bannon

The Debasement

Steve Bannon, the former aide to President Donald Trump and a firebrand of right-wing populist movements, is now touting the liberating potential of cryptocurrency and blockchain technology. ...

the intersection at the frontier

TODO lo que cruza el tema social con la Blockchain es interesante por las dinámicas de red: mejor cuantos más somos. Pero sobre todo por ser territorio fronterizo con otras disciplinas como la Inteligencia Artificial y las Finanzas tradicionales.

Recuerda: al otro lado de la frontera están los indios, que te matarán o te comerán.… Read more...

El Impacto de la Blockchain en los Bancos

Los bancos no tienen incentivo para adoptar o incluso reconocer el cuadro global. Pero poner los medios para que miles de millones de personas puedan tener sus propias cuentas es una necesidad vital. Sociedades financieras actuales se ven tocadas porque:
– Son mediadoras entre ahorro e inversión.
– Su valor añadido se concentra en los extremos de la cadena, no en la propia infraestructura.… Read more...

Criptoeconomia: el Mejor de los Escenarios Posibles

Poco a poco las piezas van apareciendo y el puzzle toma forma. En un futuro deseable y no muy distante los servicios financieros, las cadenas de suministro la contabilidad, los seguros e incluso los gobiernos podrían ser reemplazados por aplicaciones descentralizadas.

La gente en todo el mundo lanzará sus token para captar capital, innovar y desarrollar sus propias iniciativas colaborativas al margen de fronteras y regulaciones.… Read more...