from The Dollar Vigilante:
by Charles Hugh Smith, Of Two Minds:
Crypto-blockchain technologies are leveraging the potential of computers and the web for direct political-social innovation.
We’re accustomed to three basic templates for system-wide solutions or improvements:
1. an individual “builds a better mousetrap” and starts a company to exploit this competitive advantage;
2. a company invents something that spawns a new industry (the photocopier, the web browser, for example) and/or disrupts existing business models;
by Wilma Woo, Bitcoinist:
Banks in Slovakia, including the country’s central bank, briefly hosted a giant Bitcoin logo on their exteriors July 11 as part of an unannounced protest by a local action group.
SLOVAK BANKS ‘REMAIN IN DARKNESS’
Photo and video evidence from around the capital Bratislava showed various institutions with a black-and-white ‘bat’ logo depicting Bitcoin and Monero.
by Jeff Berwick, The Dollar Vigilante:
The living caricature of a bloated, pompous bankster, Agustin Carstens of the Bank of International Settlements, is once again pontificating about the dangers of cryptocurrency, reiterating his baseless claims that crypto represents “a bubble, a Ponzi scheme, and environmental disaster.”
Unable to find new arguments against the ever-growing market, which represents a significant threat to his own livelihood in a banking system challenged by the rise of Bitcoin, the Mexican fat cat regurgitated his condemnation of cryptocurrencies in a recent interview published by the BIS.