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Why the Government Isn't Worried About Bitcoin

Why the Government Isn't Worried About Bitcoin | The Sentinel - Prints of Economic Affairs | Scoop.it

With overwhelming government acceptance, Bitcoin also loses much of its punkish appeal as a symbol of freedom and hope for techno-libertarians like Dread Pirate Roberts, the founder of the Silk Road. In their mind, Bitcoin’s rise represents the decline of the state, a world where no one pays taxes and everyone plays Satoshi Dice.

 


Via jean lievens
Bibiane Bovet's insight:
The Bitcoin Craze

20WednesdayNov 2013

Posted by Bibiane Bovet 

 

Bitcoin is a crypto-currency and one of the most anarchic alternative currency out there, a criminal haven and quite a chaotic mess. People get robbed every day of their bitcoins, from their Bitcoin wallets held on their cellphones. These latter need to be protected with a bitsafe or stored on the Web. Their system seems to operate out of “nowhere”. But in reality, it actually operates from outside the existing banking system, from clouds on the Web. Here, I must say, that almost all 4,000+ alternative currencies also operate from outside the existing banking system as well. Unless we are talking about alternative currencies such as points systems that President’s Choice’s banking management, for example, offers their clientele as frequent shoppers. Or like Air Miles that are a LoyaltyOne marketing program that belong to Alliance Data, which is a credit card processing company for many retail brands, and is administered by their own banks: the Comenity Bank and the Comenity Capital Bank. Bitcoins, mind you, are created, using people called “Miners”, that solve “mathematical formula” that are encrypted blocks set in Merkel trees that the Miners prune to their simplest expressions to release Bitcoin blocks as a pretext to unlock Bitcoins from their cache, sort of acting in lieu of a central bank system in the Webosphere that is creating Bitcoins out of nowhere, very much like a Keynesian economy. These newly mined Bitcoin blocks are then sold to anonymous users all over the world, and are either used to launder money, to conduct anonymous transactions, for gaming, or to purchase any item from other Bitcoin users. Such are Bitcoin usage and activities worldwide. Notwithstanding the fact that Bitcoins are used profusely throughout the world, that it is gaining everyday in popularity, that it is a legal currency like all other 4,000+ existing alternative currencies, I am entirely against bitcoin as it is.

I have been invited recently to the Bitcoin Embassy, as an expert in the field of alternative and complementary currencies. They wanted to introduce me to their organization, to discuss my interests with the Bitcoin concept and to relate its flaws, to allow me to reflect on their issues at stake, which of course, I had already majorly analyzed. Let me tell you, that I was fascinated with their problems and the critical issues that Bitcoin users experience on a daily basis. They were extremely enthusiastic communicating with me and confiding in me, knowing very well that I understood perfectly the problems they have. In order for me to psychoanalyze the system and user interactions, to analyze the information flow and system flaws, to understand the mathematical concerns and security concerns, and the existing protocol; I kept silent the entire time of their expose. I wanted them to relax and clearly open up to me, telling me all about their Bitcoin system. At the present time, there are still lots of caveat with respect to bitcoin, its system, its protocol and its usage. Although, after conducting a thorough analysis of Bitcoin, I can assure you, that aside from its main security issue, Bitcoin is not a system to be ignored, but a legitimate alternative currency system to be reformed in order to attain the goal it has set for itself: to remain free from all banking structure and evolve as an open international floating currency system comparable to the WOCU (World Currency Unit), for example.

I am currently working on the development of a protocol that will verify the origin of funds prior to the purchase of Bitcoins and monitor identity prior to enter the system. I am also working at reforming it from its delinquent transactional format and anarchic currency issuance, by creating a syndicate in clouds, of all such “anarchic” currencies, and introducing it to a robust security and a dire protocol system, ensuring legitimacy of funds’ origin, as well as developing a regularization of transactions, using an encrypted clearing protocol, and track records of all transactions for all users within the syndicate. Those that will continue operating outside these syndicated cloud organizations will obviously be operating their own separate organizations and activities.

All this being said, there exist well over 4,000+ alternative complementary currencies in the world today, and the great majority of them are legitimate alternative currencies, complementary to existing fiat currencies, and are government compliant, tax paying, and well organized currencies management systems, with each organization having tenth of thousands of users. The only problem with most of them is that, just like Bitcoin, they are for the most part, anarchic and inflationist currency systems, that have been issuing their currency out of nowhere, cumulating a lot of bad debt, unpaid loans and unpaid credit margins causing a net devaluation of the products and services of their users. For this reason, the solutions I have developed for all government, remediate these problems by taking into considerations the impact these problems have and responding adequately to these anarchic conditions with a proprietary technology, that can replace government expenditures and their social structure with a standardized complementary economic system that is not inflationary. I have also created a compensation chamber solution for all of these organizations that are operating within a closed economic system that are devaluated, to help them conduct business between them such organizations using a robust complementary currency, affording them a high level of confidence, having zero inflation, such that their transactions via this compensation chamber carry zero debt as an economic system instrument and therefore no devaluation of the products and services for all their members using it.

My primary aim is to sell solutions I have developed for governments to all government level. Helping governments retain as much money as it is possible to replace their social structured expenditures, with a proprietary solution involving a standardized complementary economic system using complementary instrument as solutions to their shrinking money supply, which is specifically designed in response to their growing needs. This is what I am proposing provincial, federal, and aboriginal governments of Canada, as well as other democratic governments throughout the world.

With regards to Bitcoin, there is still much to be learned about the behavior of this currency and its users, before engaging a nation with its predicate. There is much to be taken into considerations yet. When deconstructing the existing protocol of Bitcoin, one is to ponder whether Bitcoin is rather a currency designed for the gaming industry or “gamers” per se, than for an economic mission. My analysis of Bitcoin, relates it more to ISK (InterStellar Kredit) than to trade dollars or barter dollars. But still, it is important not to jump to conclusion too quickly with this economic animal, because once reformed with a proper protocol, even though its transactions lies outside the known banking system, there are some very strong resemblance with the WOCU because both are existing in a open structure as opposed to most complementary currencies which exist solely within a closed structure. The main difference between the WOCU and Bitcoin is that WOCU is a world indexed currency that is based on forex trade and its derivative markets, where Bitcoin currently has a dubious source, it is unsecured, unsecuritized and floating on its own, claiming to be tied to labour hours from their “miners’’ activitiy. Clearly, between Bitcoin and the WOCU, the WOCU offers a normalized stability based on world currency trading value that can leave us empty handed if all currency collapses. Which is unlikely to happen at once. Where Bitcoin offers us an unsecured currency with major security issues within an anarchic structure that is inflationary in its present nature, that can leave us with devaluated products or services, for which instrument is not made for savings but for immediate consumer trade, which can leave us empty handed at any moment for several reasons: such as theft, loss as data, supply restrictions or constrictions and/or demand contraction. Again, Bitcoin is merely one of the existing 4,000+ alternative complementary currencies that are in usage throughout the world, with organizations that have perhaps more experience in its transaction management systems or clouds that can harbor your funds with greater saving security. Anyhow, that leaves us with something to think about.

I hope that this answers your question. I remain at your disposal for further inquiries.

Cordially,

Bibiane Bovet, Mathematician/Cultural Psychoanalyst, Government Consultant

http://www.BibianeBovet.com

BibiBovet@gmail.com
1-800-805-3120

  
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There's An Electronic Currency That Could Save The Economy - And It's Not ... - Business Insider

There's An Electronic Currency That Could Save The Economy - And It's Not ... - Business Insider | The Sentinel - Prints of Economic Affairs | Scoop.it
There's An Electronic Currency That Could Save The Economy - And It's Not ...
Bibiane Bovet's insight:

 

I totally agree with Danny Vinnik of the Business Insider that in fact, There is an electronic currency that could save the economy and it's definitely NOT Bitcoin, as Bitcoin is not contructed for that purpose. There are more than 4000 electronic currencies that exists in the world today, that have been created during the past 35 years. I was actually one of the first to have created an alternative currency in the 80's. In 1996, I owned Cyberbank (Canada) Inc. and Cyberbank EDI Inc. in Delaware, USA at the time where Bill Gates was also trying to get a bank license and got denied a license while under the Anti-Trust laws trials. I never obtained financing to start-up, for I was in Canada, and in this country, there is NO financing available for business innovation and start-ups. And the concept of an electronic currency was too much to ask people to wrap their mind around, a concept too new and obsolete to most investors as they couldn't relate and fathom the necessity of having an electronic currency. It takes vision to invest in a business that could revolutionize the world and unfortunately, most investors aren't visionaries. That's why they are investors, otherwise, they would be entrepreneurs.

 

So, prof. Miles Kimball, did not invent anything, nor developed a theoretical solution that is substantial in my opinion. With regards to understanding alternative complementary currencies and alternative complementary economic systems, prof. Kimball has no merit in this matter. Alternative currencies exist since 800 AD in Japan. There are also more than 600 alternative currencies in Japan. There are well over 4000 documented alternative currencies in the world at the moment and approximately 2500 electronic currencies similar to prof. Kimball's "theoretical electronic currency." Also, it is clear to me that prof. Kimball has only been swimming in these waters for a short term, such that his concepts are so elemental and constructed economically directly from the current scrip model that I find his points, objections and presentation of his idea, extremely inexperienced within this field. Albeit, I must say, that I have developed in 1987, a robust economic system, consisting of an electronic currency, that I have refined over all these years. I have conducted researches and analysis of almost all existing electronic currencies, to understand their mechanisms as a legitimate instrument in our economy that can balance supply and demand of the fiat currency without the affabulation of negative interests rates.  I have perfected solutions to precisely respond to the problems, governments are currently experiencing. I would add to prof. Kimball's proposal, that an electronic currency, managed by the states Feds, operated without any scrip, complementary to the fiat currency, held as common tenders (E-dollars) in E-dollars accounts, could be traded between peers - businesses - governments via credit/debit cards and interact, considered as money integrated in the economy, would be taxed just as dollars are, and could be traded against the WOCU for international trade and settlements,  and could bring equilibrium to interests rates since the demand for E-dollars is not the same as for dollars, brings enlightening solutions to world's economic problems. But I find absolutely futile the principle of having negative interests rates in order to balance inflation. With an alternative economic solution like my system, that is not necessary to do so. And only those that do not understand the mechanics of a closed economic system could come up with ideas like that, because it reflects upon the existing economy, when in fact, E-dollars can operate at zero percent interests rates at all times.

 

It is interesting to observe the growing interests, the diverging viewpoints, the different understandings, the reactions of anxiety within the psycho-social contexts toward the present economy, but yet the simplistic approach that people have in relation to alternative complementary currencies arising in the midst of this currency war, doesn't surprise me the least. I prefer to talk about alternative complementary economic systems than alternative complementary currencies. Because as a currency, how is the governement going to integrate these E-dollars to the actual economy? Is key, and needs our full attention to the fact that we are talking about an economic system. As a complementary economic system, it is understood that E-dollars can be integrated to the economy simply via social programs. Governments can issue, by decree, a social credit/debit card to all citizens and enterprises and handle their welfare, unemployment, tax credits, FEMA, ObamaCare, environmental funds, humanitarian funds, and any social benefits payouts on these social credit/debit card accounts. Then let the population begin using its E-dollars from that point on.

 

The system I have developed could handle this infrastructure. The system I have created offers a better strategy, because it is built around governments' expenditures and helps governments retain more money and can help them have a better choice of priorities: like funding start-ups and other business incentives. The existing solution I have developed will have governments save trillions of dollars yearly, and will allow them to re-balance the economy and to re-allocate these funds onto other or new programs that they could not have funded if such alternative complementary economic system wouldn't have been implemented. It is this precise quality and advantage that renders Kimball's idea completely ludicrous and demonstrates his lack of understanding of such system which is not to be compared to the actual economy.  This system preserving liquid asset to governments, is the crux of the new economy.  One of the main feature of the system I have created is a mechanisms that self-reimburses the social expenditures created and accumulates an aggregated sum from collected taxes on every transactions that forms an exponentially growing reserve, since E-dollars are a part of a closed system where all transactions can be monitored and tracked at any times. Further, my system can be combined with all sorts of big data solutions that can be added to the system for value-added analysis and knowledge based on human economic factors and social interactivity. 

 

In conclusion, it is in the interest of all government to implement such alternative complementary economic system, if they wish their economy to become ecologically healthy. That is without the tempestuous strikes of further recessions or depressions, and to normalize the effects of inflation and deflation.

 

Yours in the Bond,

 

Bibiane Bovet, Mathematician/Cultural Psychoanalyst, Governement Consultant on Economic Affairs: Offering alternative economic solutions to governments to help them fix the actual economic dilemma

1-800-805-3120

www.BibianeBovet.com

BibiBovet@gmail.com

 

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Forex - GBP/USD erases losses after U.S. economic reports - NASDAQ.com

Forex - GBP/USD erases losses after U.S. economic reports - NASDAQ.com | The Sentinel - Prints of Economic Affairs | Scoop.it
Investing.com - The pound erased losses against the U.S. dollar on Thursday, after the release of mixed U.S. economic reports followed Wednesday's. (RT @StocksandFX: Forex - GBP/USD erases losses after U.S.
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Money Market Fund Assets Fall $5.47 Billion - ABC News

Money Market Fund Assets Fall $5.47 Billion - ABC News | The Sentinel - Prints of Economic Affairs | Scoop.it
Money Market Fund Assets Fall $5.47 Billion
ABC News
Assets in the nation's retail money market mutual funds increased $270 million to $917.72 billion, the Washington-based mutual fund trade group said Thursday.
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This is beginning to lean towards the end. - Bibiane Bovet

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The Economics of Star Trek — Editor's Picks — Medium

The Economics of Star Trek — Editor's Picks — Medium | The Sentinel - Prints of Economic Affairs | Scoop.it

I’ve been reading a lot about robots lately. When I read about robots, and the future, I can’t help but think about it in economic terms. And that inevitably turns my mind to the branch of economics called post scarcity economics. Traditional economics, of course, deals with the efficient allocation of inherently scarce materials. Post scarcity economics deals with the economics of economies that are no longer constrained by scarcity of materials — food, energy, shelter, etc.

 


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How The Economic Machine Works by Ray Dalio

http://www.economicprinciples.org | How the Economic Machine Works by Ray Dalio. The economy works like a simple machine. But many people don't understand it...
Bibiane Bovet's insight:

Let's get basic economic principles cleared. So, one can understand the anomalies of our economic downturn and better understand alternative complementary economic systems which can evolve within systems outside the existing  banking system, not necessarily relying on the stock markets, or forex, or derivative markets, or the metal exchange, or the commodity exchange, but could rely simply on manufactured goods and labor services that is intrinsic productivity.

 

A credit economy within a closed system has exponential growth without inflation, if the management operates its system within the shortest debt cycles possible. Some credit economic systems have extremely short term debt cycles and a constant consumption market economy because they are capable of maintaining checks between their asset and liabilty and providing a robust economy with the highest confidence level.

 

I hope that this video helps to understand the principles of economy and clarifies most questions with regards to the issues governments are experiencing for the past few years. There are solutions to remedy these situations we are presently living in and it is feasible to eliminate these problems by implementing a standardized complementary economic system that is in a closed system and that tighly manages its risks:

 

1.  It doesn't have debt rise faster than income.

 

2.  It doesn't have income rise faster than productivity.

 

3.  It does ALL it can to raise productivity. 

 

Be Prosperous,

 

Bibiane Bovet, Mathematician/Cultural Psychoanalyst, Government Consultant on Economic Affairs

www.BibianeBovet.com

BibiBovet@gmail.com

1-800-805-3120

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Watch Larry Summers Explain the Biggest Economic Problem of Our Time (VIDEO)

Watch Larry Summers Explain the Biggest Economic Problem of Our Time (VIDEO) | The Sentinel - Prints of Economic Affairs | Scoop.it
This post originally appeared in Business Insider. At the IMF Research Conference on Nov. 8, Larry Summers gave a succinct presentation that explained what may be the most pressing economic matter of our time.
Bibiane Bovet's insight:

I agree with prof. Larry Summers that a great amount of work has been done since 2008 in restoring equilibrium in the economy and that the mistake that has been done is the limitations of available funds to business start-ups. Prof. Summers says, "It's not over until it's over!" and I agree with him. There are solutions available. It is true that the US administration is over internalized  and that replacing its social services expenditures with an alternative economic system, would increase money supply such that the government would have the resources to finance economic recovery. Therefore, "It's not over until it's over!" is a very responsible answer, inciting the population to remain calm and not to panic, for there are solutions to this conundrum.

 

Bibiane Bovet, Mathematician/Cultural Psychoanalyst, Governement Consultant on Economic Affairs: Offering alternative economic solutions to governments to help them fix the actual economic dilemma

1-800-805-3120

www.BibianeBovet.com

BibiBovet@gmail.com

 

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Bubble anxieties grow as markets teeter and Yellen takes charge - The Economic Times

Bubble anxieties grow as markets teeter and Yellen takes charge - The Economic Times | The Sentinel - Prints of Economic Affairs | Scoop.it
According to Marc Faber, "with all this collection of dovish professors at the Fed, that actually the asset-purchased programmes could be increased." (Bubble anxieties grow as markets teeter and Yellen takes charge - The Economic Times
Bibiane Bovet's insight:

I would add that there exists solutions to resolve these economic issues. I have proposed many solutions to the US government since 2008. I think that governments are very stubborn in nature because they are acting from policies and sanctions. And until they see that their policies and economic sanctions aren't working they won't issue new policies. It's kind of a catch 22, where now, the government is facing an impass and no one in the administration is prepared to stick their neck out because of dramatic uncertainties in this matter. There are so many economists and so many different theories. Even among economists there are many disagrements. It is not a simple task to implement a strategy to relieve a nation of a financial economic burden. Europe seems to be handling their situation better than America. I think that the Single Supervisory Mechanism is an excellent move and will centralize its decision processes.

 

Bibiane Bovet, Mathematician/Cultural Psychoanalyst, Governement Consultant on Economic Affairs: Offering alternative economic solutions to governments to help them fix the actual economic dilemma

1-800-805-3120

www.BibianeBovet.com

BibiBovet@gmail.com

 

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Build a culture of economics and inclusion

Build a culture of economics and inclusion | The Sentinel - Prints of Economic Affairs | Scoop.it
A Department of Labor report on the glass ceiling noted that “what’s important [in organizations] is comfort, chemistry, and collaboration.” Chris Argyris, business theorist and professor, says there’s a universal human tendency to organize our...

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Why the Government Isn't Worried About Bitcoin

Why the Government Isn't Worried About Bitcoin | The Sentinel - Prints of Economic Affairs | Scoop.it

With overwhelming government acceptance, Bitcoin also loses much of its punkish appeal as a symbol of freedom and hope for techno-libertarians like Dread Pirate Roberts, the founder of the Silk Road. In their mind, Bitcoin’s rise represents the decline of the state, a world where no one pays taxes and everyone plays Satoshi Dice.

 


Via jean lievens
Bibiane Bovet's insight:
The Bitcoin Craze

20WednesdayNov 2013

Posted by Bibiane Bovet 

 

Bitcoin is a crypto-currency and one of the most anarchic alternative currency out there, a criminal haven and quite a chaotic mess. People get robbed every day of their bitcoins, from their Bitcoin wallets held on their cellphones. These latter need to be protected with a bitsafe or stored on the Web. Their system seems to operate out of “nowhere”. But in reality, it actually operates from outside the existing banking system, from clouds on the Web. Here, I must say, that almost all 4,000+ alternative currencies also operate from outside the existing banking system as well. Unless we are talking about alternative currencies such as points systems that President’s Choice’s banking management, for example, offers their clientele as frequent shoppers. Or like Air Miles that are a LoyaltyOne marketing program that belong to Alliance Data, which is a credit card processing company for many retail brands, and is administered by their own banks: the Comenity Bank and the Comenity Capital Bank. Bitcoins, mind you, are created, using people called “Miners”, that solve “mathematical formula” that are encrypted blocks set in Merkel trees that the Miners prune to their simplest expressions to release Bitcoin blocks as a pretext to unlock Bitcoins from their cache, sort of acting in lieu of a central bank system in the Webosphere that is creating Bitcoins out of nowhere, very much like a Keynesian economy. These newly mined Bitcoin blocks are then sold to anonymous users all over the world, and are either used to launder money, to conduct anonymous transactions, for gaming, or to purchase any item from other Bitcoin users. Such are Bitcoin usage and activities worldwide. Notwithstanding the fact that Bitcoins are used profusely throughout the world, that it is gaining everyday in popularity, that it is a legal currency like all other 4,000+ existing alternative currencies, I am entirely against bitcoin as it is.

I have been invited recently to the Bitcoin Embassy, as an expert in the field of alternative and complementary currencies. They wanted to introduce me to their organization, to discuss my interests with the Bitcoin concept and to relate its flaws, to allow me to reflect on their issues at stake, which of course, I had already majorly analyzed. Let me tell you, that I was fascinated with their problems and the critical issues that Bitcoin users experience on a daily basis. They were extremely enthusiastic communicating with me and confiding in me, knowing very well that I understood perfectly the problems they have. In order for me to psychoanalyze the system and user interactions, to analyze the information flow and system flaws, to understand the mathematical concerns and security concerns, and the existing protocol; I kept silent the entire time of their expose. I wanted them to relax and clearly open up to me, telling me all about their Bitcoin system. At the present time, there are still lots of caveat with respect to bitcoin, its system, its protocol and its usage. Although, after conducting a thorough analysis of Bitcoin, I can assure you, that aside from its main security issue, Bitcoin is not a system to be ignored, but a legitimate alternative currency system to be reformed in order to attain the goal it has set for itself: to remain free from all banking structure and evolve as an open international floating currency system comparable to the WOCU (World Currency Unit), for example.

I am currently working on the development of a protocol that will verify the origin of funds prior to the purchase of Bitcoins and monitor identity prior to enter the system. I am also working at reforming it from its delinquent transactional format and anarchic currency issuance, by creating a syndicate in clouds, of all such “anarchic” currencies, and introducing it to a robust security and a dire protocol system, ensuring legitimacy of funds’ origin, as well as developing a regularization of transactions, using an encrypted clearing protocol, and track records of all transactions for all users within the syndicate. Those that will continue operating outside these syndicated cloud organizations will obviously be operating their own separate organizations and activities.

All this being said, there exist well over 4,000+ alternative complementary currencies in the world today, and the great majority of them are legitimate alternative currencies, complementary to existing fiat currencies, and are government compliant, tax paying, and well organized currencies management systems, with each organization having tenth of thousands of users. The only problem with most of them is that, just like Bitcoin, they are for the most part, anarchic and inflationist currency systems, that have been issuing their currency out of nowhere, cumulating a lot of bad debt, unpaid loans and unpaid credit margins causing a net devaluation of the products and services of their users. For this reason, the solutions I have developed for all government, remediate these problems by taking into considerations the impact these problems have and responding adequately to these anarchic conditions with a proprietary technology, that can replace government expenditures and their social structure with a standardized complementary economic system that is not inflationary. I have also created a compensation chamber solution for all of these organizations that are operating within a closed economic system that are devaluated, to help them conduct business between them such organizations using a robust complementary currency, affording them a high level of confidence, having zero inflation, such that their transactions via this compensation chamber carry zero debt as an economic system instrument and therefore no devaluation of the products and services for all their members using it.

My primary aim is to sell solutions I have developed for governments to all government level. Helping governments retain as much money as it is possible to replace their social structured expenditures, with a proprietary solution involving a standardized complementary economic system using complementary instrument as solutions to their shrinking money supply, which is specifically designed in response to their growing needs. This is what I am proposing provincial, federal, and aboriginal governments of Canada, as well as other democratic governments throughout the world.

With regards to Bitcoin, there is still much to be learned about the behavior of this currency and its users, before engaging a nation with its predicate. There is much to be taken into considerations yet. When deconstructing the existing protocol of Bitcoin, one is to ponder whether Bitcoin is rather a currency designed for the gaming industry or “gamers” per se, than for an economic mission. My analysis of Bitcoin, relates it more to ISK (InterStellar Kredit) than to trade dollars or barter dollars. But still, it is important not to jump to conclusion too quickly with this economic animal, because once reformed with a proper protocol, even though its transactions lies outside the known banking system, there are some very strong resemblance with the WOCU because both are existing in a open structure as opposed to most complementary currencies which exist solely within a closed structure. The main difference between the WOCU and Bitcoin is that WOCU is a world indexed currency that is based on forex trade and its derivative markets, where Bitcoin currently has a dubious source, it is unsecured, unsecuritized and floating on its own, claiming to be tied to labour hours from their “miners’’ activitiy. Clearly, between Bitcoin and the WOCU, the WOCU offers a normalized stability based on world currency trading value that can leave us empty handed if all currency collapses. Which is unlikely to happen at once. Where Bitcoin offers us an unsecured currency with major security issues within an anarchic structure that is inflationary in its present nature, that can leave us with devaluated products or services, for which instrument is not made for savings but for immediate consumer trade, which can leave us empty handed at any moment for several reasons: such as theft, loss as data, supply restrictions or constrictions and/or demand contraction. Again, Bitcoin is merely one of the existing 4,000+ alternative complementary currencies that are in usage throughout the world, with organizations that have perhaps more experience in its transaction management systems or clouds that can harbor your funds with greater saving security. Anyhow, that leaves us with something to think about.

I hope that this answers your question. I remain at your disposal for further inquiries.

Cordially,

Bibiane Bovet, Mathematician/Cultural Psychoanalyst, Government Consultant

http://www.BibianeBovet.com

BibiBovet@gmail.com
1-800-805-3120

  
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