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[Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] you BC adoption grows with Fortune 500 two million customers fortune 500 tech firm magnet is adopting crypto payments allowing consumers to pay in Bitcoin and Bitcoin cash for the businesses software solutions the company is catering to professionals in the tech industry according to the announcement today’s developers are looking for flexibility as they take their products to market and this announcement provides our customers with more convenient ways to complete their financial transactions Avnet is working with one of the industry leaders Vic Pei this platform processes more than 1 billion dollars on an annual basis when it comes to crypto currency payments to facilitate the new payment option when a customer elects to make a purchase with Bitcoin BTC or Bitcoin cash bch after it will work with bitpay to verify the funds process the order and complete the transaction after loot and bitch pay we’ll also have the ability to manage and process cryptocurrency requests outside the US on a country-by-country basis the tech firm has a focus on the rise of Bitcoin which crossed two hundred ninety thousand on chain transactions on Saturday after it says it’s preparing for changing the landscape and positioning ourselves and our clients to be ready for it after it is noted the advantages of crypto payments including real-time conversion rates shrunk down to a 15-minute window ease of the use of online platforms and a fixed 1% fee which won’t look anything when compared to traditional intermediaries currently Avnet is working with Bitcoin dot-com to develop a new hardware wallet for more secure cryptocurrencies storage plus it says that it already processed several multi million dollar crypto transactions within the first month of accepting Bitcoin not only is paying with Bitcoin easier and faster than with credit cards and bank wires it is less expensive and acceptance of it is growing I predict Avnet will attract many new blockchain focused customers from around the world that want to take it Vantage of paying with Bitcoin the firm has more than 15,000 people working for them in 125 different places in Europe Asia and North America in addition there are more than 1,400 technology suppliers serving over 2 million customers across 140 countries Bitcoin will get massive exposure as well as the potential of mass adoption thanks for watching The Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin dot-com nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon CEO founders of Apple Tesla and Twitter all united by interest in Bitcoin but can this help adoption although Bitcoin has been caught in a persisting bear market for well over a year multiple major tech gurus and visionaries from some of the largest companies in the world including Apple Tesla and Twitter – have lauded the cryptocurrency in recent times signaling that Bitcoin and crypto in general may soon become the focus of moral innovation from major tech corporations Steve Wozniak the co-founder of Apple has long been an advocate for Bitcoin but just recently doubled down on his praise for the cryptocurrency noting that he still believes in the digital currency and its underlying technology despite the massive sell-off that has ensued over the past year Wozniak there has been massive value creation since Bitcoin price crash as reported earlier by news the co-founder of tech giant Apple recently shared his thoughts on Bitcoin noting that it has incurred significant value creation over the past year despite its less than impressive price action as of late we’ve seen massive value destruction but we’ve seen massive value creation I had a lot of Bitcoin but never as an investor I only had Bitcoin to experiment with and I still experiment with it on new Bitcoin devices Wozniak said in a recent interview with Bloomberg Wozniak further added that he doesn’t want to be one of those people constantly checking the price and that he believes the persisting bear market is largely due to human psychology and is not a reflection of the technology’s value or of its fundamental growth could interest in Bitcoin from tech gurus help improve its adoption rates recently more and more notable figures within the tech industry have been expressing their interest in not only in blockchain technology but in BTC itself the question is will their interest in the crypto help aid its adoption rates in a recent episode of arc invests fee podcast Elon Musk the founder of Tesla and SpaceX shared some interesting thoughts on cryptocurrency noting that bit is quite brilliant I mean I think the Bitcoin structure was quite brilliant it seems like there’s some merit to ethereum as well and maybe some of the others he noted despite this positive sentiment it does not appear that musk is interested in guiding any of his companies towards adopting or investing in cryptocurrencies as he further explained that he is not sure if it would be a good use of Tesla resources to get into crypto although Musk’s interest in crypto may be limited the CEO of Twitter Jack Dorsey recently endorsed the launch of an in-browser tipping extension that allows Twitter users to send BTC tips via the Lightning Network this is excellent Dorsey said while referencing an article regarding the launch of the tip-in extension this is excellent F at Tipton underscore may inverted exclamation point HTTP t KO / v – jack a jack February the 20th 2019 furthermore Dorsey lauded BTC in a recent tweet describing it as resilient and principled bitcoin is resilient Bitcoin is principled Bitcoin is native to Internet ideals and it’s a great brand he said in response to a question regarding why bitcoin is the only cryptocurrency he owns Bitcoin is resilient Bitcoin is principled Bitcoin is native to Internet ideals and it’s a great brand – jack a jack February the 5th 2019 Dorsey’s other company payment processing giant Square has also implemented several features that allow users to interact with cryptocurrencies on a deeper level and he was an early investor in lightning labs a Bitcoin Learning Network development startup as these tech gurus interest in Bitcoin and cryptocurrency continues to grow it is likely that their respective companies will be more prone to incorporating crypto friendly features like those already found in Square which will help eight widespread adoption regardless of the state of the markets thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending a bit of your very valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither at Ohio Bitcoin comm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon [Music] you you how to print your own Bitcoin cash paper wallet cryptocurrency might be a digital asset but that doesn’t mean you have to forgo the sensation of grasping your money in your own hands paper wallets are a staple feature of using cryptocurrency and today’s tip is a tool that lets you easily print them for yourself also read how a large crypto mining operation is handling the current market how to use a paper wallet generator there are many cryptocurrency paper wall of generators you can find online but if you are going to use a service to secure your money make sure it’s one you can trust Ohio Bitcoin comm offers a free and easy to use Bitcoin cash bch paper wallet generator that’s ideal once you click on the generate wallet Now button all you have to do is move the cursor around for a short while to create entropy in the service will quickly create a new wallet for you then you simply select a cool design you like click print and that’s it three simple steps and you’re good to go for anyone looking to store large amounts of money in their paper wallet or eager to learn more about the best way to protect their assets our paper wallet portal provides instructions for attaining an even higher level of security this entails downloading the generator and running it on a safe system that you trust without being connected to the Internet have you ever tried printing a paper wallet share your experience in the comments section below author avi Mizrahi avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013 he has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world from London to Hong Kong thanks for watching the ohio bitcoin comm bitcoin news channel today we sincerely appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains has the ultimate decision to conduct the trade as made by the reader dot this is not trading or investment advice this presentation is for entertainment and education purposes please do your own research before purchasing or investing into any cryptocurrency always remember that only those in possession of their own private keys are in control of their own Bitcoin if you enjoyed this type of content please smash the like and subscribe buttons below it helps us to get more views and continues to spread the word about Bitcoin BTC thanks again see you with more bitcoin headline news and analysis soon you can market cap changes is metrics due to fake volume reports and exchanges the popular cryptocurrency data site can market cap CMC we’ll be changing some metrics in order to reflect better information about trading volume on crypto exchanges a few weeks ago bit-wise released information about how exchanges are manipulating their volumes to attract new investors the information was released by Bloomberg on March 25th can market cap changes it’s metrics according to a recent report unveiled by Bloomberg can market cap will be adding more information to its website the main intention is to help users take better decisions with this improvement the company is going to be improving the data provided to users around the world can market cap is one of the world’s most visited sites indeed it is among the top 500 the site is used by investors and individuals that are interested in the cryptocurrency market and want information about exchanges digital assets and more bitwise asset management explained in a report that there are several cryptocurrency exchanges that are performing wash’d trading activities that means that crypto platforms inflate their trading volume to attract more users to their trading exchanges when there is more trading volume there is also more liquidity something that crypto investors are searching for bitwise has clearly explained that 95% of Bitcoin exchange trading volume listed on can market cap is fake this report has been presented to the US Securities and Exchange Commission SEC since the company is seeking approval for an exchange-traded fund ETF Caroline Chan global head of marketing it can market cap commented in an email to Bloomberg that they will be adding liquidity measures hot and cold wallet balances and traffic data for listed exchanges on the matter Chan said for instance if an exchange with low traffic has three hundred million dollars volume and just five BTC in its wallet users will be able to draw their own conclusions without the need for us to make arbitrary judgement calls on what is good or bad we want to state that our philosophy is to provide as much information as possible to our users so that they can form their own conclusions and interpret and not introduce our own bias into that mix can market cap has also decided to remove volume requirements for exchanges to be listed the website is very important for the space back in 2018 the platform decided to delos korean exchanges from price aggregation after that the market plummeted abruptly you how to print your own Bitcoin cache paper wallet cryptocurrency might be a digital asset but that doesn’t mean you have to forego the sensation of grasping your money in your own hands paper wallets are a staple feature of using cryptocurrency and today’s tip is a tool that lets you easily print them for yourself also read how a large crypto mining operation is handling the current market how to use a paper wallet generator there are many crypto currency paper wallet generators you can find online but if you are going to use a service to secure your money make sure it’s one you can trust ohayo bitcoin comm offers a free and easy to use bitcoin cash bch paper wallet generator that’s ideal once you click on the generate wallet Now button all you have to do is move the cursor around for a short while to create entropy and the service will quickly create a new wallet for you then you simply select a cool design you like click print and that’s it three simple steps and you’re good to go for anyone looking to store large amounts of money in their paper wallet or eager to learn more about the best way to protect their assets our paper wallet portal provides instructions for attaining an even higher level of security this entails downloading the generator and running it on a safe system that you trust without being connected to the internet have you ever tried printing a paper wallet share your experience in the comments section below author avi Mizrahi avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013 he has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world from London to Hong Kong thanks for watching the ohio bitcoin comm bitcoin news channel today we sincerely appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade as made by the reader dot this is not trading or investment advice this presentation is for entertainment and education purposes please do your own research before purchasing or investing into any cryptocurrency always remember that only those in possession of their own private keys are in control of their own Bitcoin if you enjoyed this type of content please smash the like and subscribe buttons below it helps us to get more views and continues to spread the word about Bitcoin BTC thanks again see you with more bitcoin headline news and analysis soon you report running a Bitcoin lightning node brings one percent annualized return a new report by bit Mex research reveals that the most profitable feed bucket for running a Bitcoin lightning node has earned them an annualized investment return of almost one percent on their outbound channel balance the research goes into details to determine the major challenges the network would have to face if it starts scaling dot Bitcoin lightning node operators face challenges a research published by bit Mex Research on March the 27th called the Lightning Network part 2 routing fear economics examines the challenges that lightning node operators would face if the network starts to scale the paper argues that it is traditional financial conditions that would have a greater impact on lightning Network fees rather than the technical aspects of its routing problems according to the study the low barriers to entry into the Lightning Network fees market could mean that the balance would favor users and low fees instead of investment returns for the liquidity providers this balance between ensuring the network has low fees for users while also ensuring fees are high enough to incentivize liquidity providers is likely to be a significant issue the Lightning network has two types of fees the first one is the base fee which charges a fixed amount each time a payment is routed through the channel there is also the liquidity provider fee which charges a percentage on the value of the payment hence according to bit mix lightning node operators will have to face a number of challenges they would have to look for pulley connected lightning nodes with high payment demand monitor and rebalanced channels to guarantee there is enough two-way liquidity analyzed the fee market not only for the network but also for high demand and low capacity routes which are targeted and so forth the report outlines that there are currently no automated systems capable of handling the above and that this might require the setup of specialized businesses to provide liquidity for LN almost 1 percent annualized return the study also outlines that bit Mex research were able to make an annualized investment return of almost one percent based on the most profitable feed bucket by running a lightning node yet concerns stem out from investor sentiment in the cryptocurrency space a 1% investment yield may seem attractive in the current low yield environment however the Lightning Network may initially have difficulty attracting the right commercial liquidity providers investors in this space are typically looking for a high-risk high-return investment which appears to be the opposite end of the spectrum for the relatively low risk low return investment on offer for lightning liquidity providers the bitcoin lightning node count has grown rapidly over the past year it currently has 76 57 motes while the channels number thirty nine thousand three hundred and forty three according to L n monitoring resource 1 M L comm the network has a capacity of 1048 BTC or about four point two million dollars United States dollars would these findings motivate you to run the Bitcoin Lightning node let us know in the comments below thanks for watching the ohio bitcoin dot-com bitcoin news channel today we sincerely appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader dot this is not trading or investment advice this presentation is for entertainment and education purposes only please do your own research before purchasing or investing into any cryptocurrency always remember that only those in possession of their own private keys are in control of their own Bitcoin if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views and continues to spread the word about Bitcoin BTC thanks again see you with more Bitcoin headline news and analysis soon you violence now lets Australians purchase Bitcoin with cash at over 1300 stores cryptocurrency exchange finances unveiled a new platform in Australia that allows users to buy Bitcoin with cash from high street stores announcing the news on Tuesday finance said the new gateway called by Nance light Australia is cashed a Bitcoin brokerage service accessible through a network of 1,300 plus supported news agents across the country the platform currently offers the option to buy only Bitcoin using Australian dollars Australian dollars but the exchange said it plans to support more cryptocurrencies and Fiat options in the future once users have carried out an account verification processes they can place an order to buy Bitcoin online deposit cash at the nearest newsagent and receive crypto within minutes according to the announcement finance light Australia charges a five percent transaction fee plus Goods and Services Tax GST on Orbitz coin purchases by Nance CFO Wei jus said that the new platform further expands cryptocurrencies doctrine by providing easier ways to buy Bitcoin he added that the exchange will in future offer more fear to cryptocurrency gateways around the world violence has been quickly growing its operations globally in January it’s launched a fear to crypto exchange on the island of Jersey a British self-governing dependency allowing users to trade Bitcoin and ethereum against the British pound in the euro last June the exchange also launched a Fiat two crypto exchange in Uganda recently financed and it’s official wallet trust all it move to allow users to buy cryptocurrencies with credit cards through a partnership with Israel based payments processor simplex France based crypto startup kept like similarly partnered with local tobacco retailers to sell Bitcoin through their stores in November thanks for watching The Ohio Bitcoin com Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private Keys are in control of their own money if you enjoyed this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon you back taps former IBM and Cisco exec Tom Noonan to chair its board backed has tapped a former Cisco and IBM executive to lead its Board of Directors according to an announcement Friday chairing backs board will be Tom Noonan described as a cyber expert and the founder of Internet Security Systems which IBM acquired in 2006 Joel X which Cisco acquired in 2013 an endgame he will be accompanied by Akshay Najera managing partner at soft bank Sean Collins managing partner at Goldfinch Partners I CEO and chairman Jeff’s pressure and lo fuller herself Noonan is already a member of Isis own Board of Directors once approved by the Commodity Futures Trading Commission CFTC backs physically settled Bitcoin futures contracts will be listed on eyes futures us and ice clear us where global market participants already transact low fuller wrote in a blog post Friday the price discovery function in these new physical delivery markets should contribute to building confidence and Bitcoin prices she described back spending products as the first physical delivery price discovery contracts denominated in Bitcoin in the US with price formation occurring in markets regulated by the US government moreover she added similarly just as digital asset custody is at the core of Beck’s infrastructure development secure custody is at the heart of our physical delivery Bitcoin futures contracts however low fleurs update did not contain any specifics saying only that we’ll share more about our custody platform shortly as we work to set a new standard in digital asset security backed has worked closely with the CFTC in recent months on an extensive process to obtain regulatory approval for the launch of our physically delivered Bitcoin futures low fuller wrote and the platform is making solid progress on this front however the platform whose launch has already been delayed twice does not have a firm date yet on when may go live the company is waiting on the CFTC to approve its plan to custody Bitcoin on behalf of its clients typically regulations require that customer funds are actually held by banks trust companies or Futures Commission Merchants while CFTC staff have been reviewing Beck’s proposals since last year it is unclear where in the process they are the CFTC is expected to publish Beck’s proposal for a 30-day public review period after which the commissioners will vote to approve or disapprove as such backed is unlikely to launch before may we continue to work with regulators to address the emerging global landscape for digital assets lo fuller wrote Michael J Casey Kelly lo fuller and Jeffrey’s Prechter image via KOIN des archives you [Music] [Applause] [Music] you [Music] [Applause] [Music] is Morgan Stanley following fidelity by forming new crypto initiatives photo morgan stanley facebook fidelity recently entered the crypto markets and is providing digital assets custodial services to users just for a reminder fidelity digital assets a company that offers enterprise quality custody and trade not execution services for cryptocurrencies to institutional investors has announced that its platform is live selected customers have got access to cryptocurrency custody and trade execution operations while others may have to wait until September sources close to Morgan Stanley suggests that their clients are growing impatient with the seemingly endless wait for a crypto option they also said that a small percentage of the company’s clients are always inquiring about their foray into digital assets Morgan Stanley’s archrival Goldman Sachs has been more open about its investments in cryptocurrency sector it is already invested in bit going circle while Stanley hasn’t made any significant moves in the sector yet the retrogressive market noise the cryptocurrency industry has suffered from various setbacks including the persistent bearish trend that lasted throughout 2018 also the recent government shutdown is accused of causing various delays in this new market including the postponement of the backed launch amidst all this undesirable noise it seems like developments in the blockchain and crypto industries have not slowed down so far abacus journal writes of how Goldman Sachs led investments position the firm to quickly scale up once the regulatory landscape is clear and defined they say that Morgan Stanley hasn’t made those any in-kind investments that match Goldman’s and clients and brokers have been grumbling about it but there may be some hopes according to two sources Morgan Stanley leadership is enamored with the path that fidelity is taking and believe they can take the same path and fashion it to be of interest to the firm’s largest institutional and you hnw clients are we behind yes that really can’t be disputed at this point said the first source near the top of a communications org chart at Morgan Stanley he added but that won’t be the case once we commit to a particular strategy we believe we are well positioned when the time is right a second source closer to the broker rank said the word we hear is that leadership finds the fidelity model for crypto appealing and that could be the way it goes down here whatever strategy they choose it needs to come quickly we are getting asked about it daily it does seem like clients that are aware of Bitcoin in particular see it as digital gold that phrase has popped up often with UHMW clients to market watchers point to Morgan Stanley as a buying opportunity saying the stock looks good from a technical and fundamental standpoint strategic wealth partners mark temper beliefs the bull market is in its final innings and Morgan Stanley has diverse revenue streams that will hold up even if the economy slows he said with Morgan Stanley you know we have a company that has M&A exposure which is good and because we’re in this slow growth economy right now where companies are an acquisition mode to fund further growth M&A is good like Tepper instant it’s Frank capillary says that Morgan Stanley is the most attractive financial stock at current levels although he too is not pounding the table on this trade he notes that the stock has been firmly in a downtrend over the last year shedding more than 30% since its recent high last March the stock has been through this before I point to the ten-year chart we see from 2009 to 2012 the stock was down 70% and then from 2015 to 2016 another 50% whole time it was able to make higher lows on a long-term basis and those rallies coincided with relative strength versus the XLF he explains first Canadian Municipalities starts accepting Bitcoin for property taxes the town of a knispel Ontario will be the first municipality in Canada to accept Bitcoin in payment for property taxes the pilot scheme will be in partnership with Toronto of based coin Barre who simultaneously announced a new easy to use cryptocurrency payment solution tax payments and BTC trend reaches Canada accepting Bitcoin for payment of taxes is becoming a thing south of Canada’s border after a mad scramble a year ago to be America’s crypto tax pioneer a florida county eventually won through to become the first US locality to accept tax payments in bitcoin by the end of 2018 ohio had planted their flag for bitcoin adoption with statewide acceptance of BTC business tax payments last month it looked like New Hampshire would be next to see the trend continue northwards however with this announcement Innisfil has leapfrogged New Hampshire for a further hop north into Canada in this Ville mayor Linda LAN expressed her excitement at the development we are proud to be first in taking this bold step by offering this new exciting payment option to our residents there’s no doubt that cryptocurrency is growing in usage and popularity by getting into this now we are making sure our municipality is ahead of the game and signaling to the world that we truly are a future ready and innovative community the logistics of the scheme from April just in time for residents to pay their second property tax installment they will see a new option on the town website this will initially offer the option of paying in BTC but may expand to include other cryptocurrencies in the future residents will pay taxes into the town of Annisa ‘pls wallet using the coin bury pay service coin bury will process the funds and instantly convert them into Canadian dollars and transfer them to the town’s Treasury this gives the benefit of a cryptocurrency option without leaving the town exposed to priced fluctuations coin Barry CEO and founder Andre Polyakov added leaders from all levels of government who are first to recognize the benefits of the new money economy will be the first to reap the rewards we are extremely pleased at achieving a milestone in the history of adoption of cryptocurrency in Canada from the north and south to the east and west so with the eastern part of North America covered will we start to see some lateral movement certainly it can’t be too long before blockchain friendly Wyoming joins the party giving the movement a decent kick to the West for perhaps the most progressive state in the u.s. it seems strange that crypto payments aren’t already a thing there and we could even see a hop eastwards all the way across the Atlantic if you came Member of Parliament Eddie Hughes has his way the Walsall North Labour MP has called for a UK local authority to plant its own flag and start accepting Bitcoin payments for taxes should more municipalities accept cryptocurrencies for tax payments share your thoughts below thanks for watching The Ohio Bitcoin com Bitcoin news channel today we sincerely appreciate you spending some of your valuable time with us disclaimer price of articles and Markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader dot this is not trading or investment advice this presentation is for entertainment and education purposes only please do your own research before purchasing or investing into any cryptocurrency always remember that only those in possession of their own private keys are in control of their own Bitcoin if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views and continues to spread the word about Bitcoin BTC thanks again see you with more Bitcoin headline news and analysis soon [Music] you you is $1,000,000 for bed for meal IBM’s VP of blockchain Jessie length pace it is bed cold BTC continues to be the darling of global investors despite the recent crypto winter recently Jessie and Lonnie VP of blockchain named digital currencies at IBM showered Grace’s on Bitcoin mr. lund remains ultra polish on the future of Bitcoin in the long term in a recent interview published by finder calm on YouTube mr. lund says that the Bitcoin price will eventually reach 1 million dollars in the long term he also went to say that higher the price of the crypto assets higher will be its utility thus mr. lund believes that if we focus more on the utility of the crypto token higher will be its demand this will automatically drive the price of the crypto asset northwards he says if the price of Bitcoin were higher there would be more liquidity on the network we could be having a really different discussion with banks right now he says embedded content mr. lunch notes but as Bitcoin is to touch 1 million dollars price then città she is on valued parity with the US penny in this case the whole network will have a whopping 20 trillion dollar liquidity he also believes that this liquidity is enough to change the structure of corporate payments while commenting on the Bitcoin BTC priced by the year in Lund said that he sees are going to at least $5,000 IBM’s close association with blockchain in crypto industry over the last few years iBM is aggressively working on new Shayne projects working on different platforms the tech giant has also developed its own cross-border payment network walk Shan world wire dww during his recent interview lunch spoke about their partnership with stellar xlm and use of the xlm cryptocurrency dww blockchain network currently IBM uses the xlm crypto token on the BW w network to pay the transaction fees as well as an intermediate currencies lund also opened up by the possibility of working with other digital assets he said there should be an ecosystem of a variety of digital assets that provides settlement instruments that enable these cross-border payments and the participants and the network should be able to choose and negotiate their choices in real time he further added that it could be ripple it could be ax RP even it could be Bitcoin but it would also probably include other instruments likes tablet coins and even eventually soon hopefully central bank issued digital currencies however IBM’s BW w payment network is different from the ripple net in a way that the tech giant doesn’t have a native crypto token iBM is already working with our three quartet to create cross-border payment solutions using different digital assets earlier this month IBM also released its blockchain network for use in Melbourne Australia along with mr. lund there are several popular analysts who continue to stay bullish on bitcoins future price mark Jeffrey a longtime Bitcoin proponent and author of Bitcoin explained simply said that Bitcoin will reach dollar 250k circled CEO Jeremy lar also spoke that Bitcoin will continue to rise in the upcoming years without mentioning any specific target taking a modest target crypto bull Tom Lee explained that the fair value of Bitcoin is at least thirteen thousand eight hundred dollars thanks for watching is Bitcoin headed for 1 million dollars United States dollars let us know your thoughts in the comments below FAK atashi cray egg right deletes Twitter account raging Craig right famous for his claims to be the actual Satoshi Nakamoto is a controversial figure in the crypto space closely tracked on social media and often ridiculed Craig Wright says he will sue anyone who calls him a fraud his Craig right a fraud please answer Craig Wright is a fraud or Craig Wright is not a fraud dark pill at Dan dark pill March 17th 2019 Wright claimed the protected nature of his Twitter account meant that the ad bought FAC atashi was in fact breaking copyright law and stealing intellectual property the DMCA prohibits trafficking in devices or tools that help other people circumvent access control and copy control measures 17 USC 1201 a2b this includes twitter bots and is a criminal offense in the u.s. a fake tashi balk at BOTS FAC atashi March 17th 2019 however there is a funny side a Twitter user had big blockers came forward to inform the Twitterverse that jaian woo the founder of bit mein was now following the parity account as well Roger Varangian will previously had a strong disagreement with Craig Wright and Calvin aired during the hard fork of Bitcoin cash jehanne we’ll just followed at BOTS FAC atashi big blockers at big blockers March 17th 2019 after abandoning the at professed his persona over the weekend right briefly moved to another protected account which was also suspended currently the most flamboyant truce atashi claimant has abandoned his followers and ceased his Twitter activity CC ins reporter pH matter has been one of his most cautious observers and he said ever since he failed to initiate a transaction that would have proven him to be email protected I’ve wondered what makes this guy tick he’s a millionaire after all he’s definitely been in Bitcoin a long time as evidenced by the serious lawsuit against him but is he Satoshi part of me hopes not I wants atashi to retain his anonymity the second Satoshi becomes a person there’s a risk that Bitcoin becomes a security that’s only one reason why better citta she stay beyond the grave of course the international banking cartel would surely wacom of course with this news rights opponents were jubilant whale panda who is one of the more vocal opponents of Craig Wright posted the following creates a new account that’s protected from the start so he has to approve everyone that wants to follow him loses the majority of his audience and social platform and very likely will soon be followed by another bot disguised as a PSV supporter dot this guy is really a genius pick twitter.com j7z n4m well panda at whale panda March 18th 2019 the at professes twitter handle has stirred multiple controversies from initially supporting Bitcoin Cash BCH as the real Bitcoin to later moving to support Bitcoin sv the fork from a fork which offered different rules for the network right went on to support large blocks and known dedicated miners right also shifted his views on what exactly BITC oin was and which network had the claims to the primacy he even threatened to have mechanisms to destroy the project just few days ago he tweeted well I plan to allow BTC to die slowly so some could get out but I guess that it will be accelerated with idiots who are going to end in court rights tweets were often distributed for their ironic value R editors have noted that the bots account allowed for a livelier criticism and even mockery which right would have deleted on his own Twitter account but right also observed the bots activity and even replied to comments through his original Twitter handle rights claims to be Satoshi have been widely dismissed as lies by the crypto community and he has also been controversial due to his involvement in last year’s unpopular hard fork of Bitcoin cash bch had already mentioned b/c HSV Satoshi’s vision nevertheless he continued to publish defiant posts to his 60 K followers via his Twitter account criticizing the development of the Bitcoin network sued by the real BTC developer we already wrote of how he ignited the fierce competition between Bitcoin and ethereum blockchain making his contribution to the CFTC’s call-out however last year right was sued for four billion dollars when the estate of David Clayman a computer scientist on cybersecurity expert who many suspect to have been one of the developers behind Bitcoin and blockchain tech claimed that Wright stole billions of dollars worth of Bitcoin according to the plaintiffs Wright recognized that the family were unaware of clayman’s wealth and forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies controlled by him Craig back dated these contracts and forged Dave’s signature on them thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon you Craik and CEO G Bessie Powell accuses the block of reporting factually inaccurate news jesse powell Krakens chief executive officer had a heated conversation on twitter with mike dudas the founder of the block with the former accusing the publication of presenting factually inaccurate statements in an article that attacked Cragen for reporting false trading volume the article in question published on march 13th cited an anonymous trader who allegedly revealed how an institutional account executed a stop order well below the set price reported you today the report also stated that 10k worth of ethereum meth was adequate for the assets price to dip by 4% which could be an indication of craic and not reporting it’s true trading volumes in response to these accusations Powell claimed that the assumptions and conclusions reported in the article were factually incorrect the CEO said that the anonymous trader behind the tip-off did not have any basic understanding of the market Powell also called out the article for misleading information citing the 10k ethereum comment as one that would make inexperienced readers believe that $10,000 could affect the price of the second-largest cryptocurrency the CEO demanded an apology and said I’m defending myself you hit first and you hit without provocation you turned a one-off tip into a hit piece without so much as taking a comment from us now we’re getting to euphemisms I see your media piece is an attack I’ll accept an apology Powell also listed the false comments made in the article in a tweet source Twitter previously Powell had accused Judas of being an epic neutrino apologist for trying to hush the number to let a coinbase conspiracy despite the block writer Larry Sir Mark claiming the coinbase had no influence on their reportage Powell did not buy it Powell said your coverage of coin bases murderous past looks like coverage of a stoploss your coverage of a stoploss looks like coverage of a murderous past dude as previously admitted to having multiple good friends at coinbase the prominent exchange had also invested in the block he said source twitter thanks for watching the Ohio Bitcoin com Bitcoin News Channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private Keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis Hoon you as I say one or two you just one word yes sir are you listening you’re so you plastics [Music] [Music] you you [Music] you [Music] you you you [Music] you [Music] in the daily Colorado digital token act ID funds crypto index fortress block Shane in this edition of The Daily we cover new legislation that could make Colorado more attractive to digital businesses and token issuers the launch of a new cryptocurrency index fund and the latest miner to succumb to crypto winter also read UK regulator three percent of consumers surveyed have bought cryptocurrency Colorado digital toe connect the governor of the u.s. state of Colorado has signed the crypto a friendly digital token Act into law the Act which boosts was introduced in January is a major step towards creating a hospitable regulatory environment for the digital assets industry to establish itself in Colorado this is because it extends certain exemptions from state securities laws for cryptocurrencies making businesses less hampered by antiquated rules explaining the rationale for the exemptions the document notes that Colorado has become a hub for companies and entrepreneurs that seek to utilize crypto anomic systems to power their business models the costs and complexities of state securities registration can outweigh the benefits to Colorado businesses seeking to raise capital and create new platforms within the digital economy this Act will take effect following the expiration of a 90-day period after final adjournment of the Colorado General Assembly the state’s legislature expected to occur on August 2nd 2019 exciting day for number blockchain technology at Cavaco at correctness signed the number digital toe connect today with key legislators attorney general a tweezer and number Colorado cabinet members patty Salazar with a Dora Colorado at Betsy Markey with edit and at Teresa Surikov at Colorado pic twitter.com air load B Teresa sir act at Teresa sir act March 7th 2019 IT funds crypto index investment management platform ID funds has launched zone crypto index fund based on an index administered by MV index solutions MV is the new fund aims to give institutional investors diversified access to the crypto market through exposure to selected assets among the 30 most capitalized cryptocurrencies including BTC @x RP b CH and LTC to be included in the index assets must be traded on licensed exchanges with proper liquidity and available for insured cold storage capping each asset at 15% on a quarterly basis is meant to keep the index suitably diversified fortress blockchain succumbs to crypto winter fortress block Shane a Vancouver based company listed on the TSX Venture Exchange has exited the cryptocurrency mining business the company has announced its deactivated all mining Hardware located at its Grant County facility on March 5th 2019 fortresses management has determined that the marginal profitability of cryptocurrency mining and the risk of further decline along with increased regulatory costs and oversight does not justify continued operations fortress still has over cat ten million dollars left under its control and plans to re-establish itself in a yet to be determined business sector additionally management is now looking for the most effective way to sell the mining equipment to recoup some of its investment and losses it is anticipated that the company will soon change its name in order to no longer be associated with the term blockchain what do you think about today’s news tidbits share your thoughts in the comment section below thanks for watching the ohio bitcoin comm bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price of articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin dot-com nor the author is responsible for any losses or gains as the ultimate decision to conduct a traders made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Truong CEO bitcoin holds greater promise younger generation of investors just in some believes that bitcoin BTC and other cryptocurrencies have the potential to create opportunities for the younger generation of investors Tron’s CEO also implied that critics of Bitcoin and other cryptocurrencies were focused on the business side of things rather than the more profound technological implications virtual currencies provide within the emerging digital economy dot a promising future for Bitcoin and cryptocurrencies speaking to C and B C on Wednesday March the 13th 2019 Sun weighed in on the future of Bitcoin BTC and cryptocurrencies in general commenting on the matter Sun said he was optimistic about the future of virtual currencies according to the Tron’s CEO developments of layer 2 protocols like the Lightning Network as well as the recent involvement of institutions like Morgan and Facebook in the industry is indicative of the growing utility of virtual assets Christopher Giancarlo the head of the United States Commodity Futures Trading Commission CFTC also echoed sentiments similar to Suns in a speech delivered on Thursday March the 14th 2019 the C F T C chair described cryptocurrencies and blocked Shan technology as massive drivers in the transformation of the modern-day investment market when pressed about criticisms from the likes of Warren Buffett about bitcoins utility son declared that cryptocurrencies are more of a technology than a business opportunity elaborating further Sun opined that vertical currencies present great opportunities for the younger generation while declaring that Bitcoin and other cryptocurrencies of the next wave of the internet focus should be on mass adoption not market capitalization the Tron CEO also presented a case for a greater focus on mass adoption rather than on metrics like market capitalization Tron is the tenth largest cryptocurrency by market cap currently standing at one point five billion dollars rather than focusing on market cap value some instead says his focuses on the business development and technological aspects in the mid 2018 Tron acquired BitTorrent the file sharing platform some highlighted that his company is taking steps to integrate cryptocurrency and blockchain technology into the BitTorrent Network by so doing some believes that they can on board the platforms over 100 million active users across 138 countries onto a vibrant decentralized platform for file sharing apart from the ongoing efforts with BitTorrent the Tron CEO also thinks that projects like Facebook’s proposed cryptocurrency will guarantee greater adoption of virtual assets on a global scale do you agree with Suns summation that Bitcoin and other cryptocurrencies have a promising future share your thoughts with us in the comments below dot thanks for watching The Ohio Bitcoin comp Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoyed this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon you [Music] [Music] [Music] [Music] you [Music] you why bitcoin is incomparable to history’s famous bubbles the rundown Bitcoin economist savetti Annamma says that nothing has ever risen as fast and as much as bitcoin price which makes it imperative into the greatest bubbles in history bitcoin is a completely new animal Bitcoin economist and author of the Bitcoin standard Safed Ian amis recently shared his views on whether the world’s most popular cryptocurrency can be compared to history’s famous bubbles Paul Krugman Jamie Dimon Warren Buffett and other critics often referred to Bitcoin as a bubble particularly as BTC united states dollar price has dropped from nearly $20,000 in December 2017 to around $4,000 today but comparing it to historic stock market crashes is comparing apples and oranges argues Emmis bitcoin is a completely new animal different from all before it he says your old toolbox for analyzing bubbles currencies and stocks doesn’t work on Bitcoin it is these outdated tools that prevented the likes of Buffett from missing out on one of the best investment opportunities in history even the most robust stocks today such as Amazon AMZN have been outperformed by the digital currency even at today’s $4,000 price dot what’s more is that after every time the bubble popped it has come back even stronger in fact there have been at least 5 80 plus percent crashes over the past decade amaz notes Bitcoin appreciated to 200 million percent of its value in nine years then crashed back down all the way to around a 30 million percent rise in other words had you bought $100 dollars worth of Bitcoin in 2009 you would have about 8 million dollars today Bitcoin incomparable to history’s famous bubbles the picture also looks different when comparing Bitcoin against history’s famous bubbles it has often been compared to tulips in the media with every drop in Bitcoin price but this comparison is widely in Kirra just like the common misconceptions about tulip mania as a whole because BTC price posts a lower high after every crash dot no pointers favorite bubble Dutch tulips lasted for just over two years in which the price appreciated around sixty fold then crashed lower than its original price explains amis it also goes without saying that while bitcoin is the world’s first borderless decentralized neutral money that enables anyone to send millions for pennies the other is a flower dot the rate and scale evaluations is another factor making Bitcoin nothing like the 2008 housing bubble for example when housing prices tripled in two decades and then lost around 40% within only a few years the famous housing bubble saw housing prices triple in around 20 years and then lose around 40% over a few years pick twitter.com jb9 qk j j k bx Safed ian amis at sayfudine march 24th 2019 then there’s the 1929 stock market bubble that rose six folds during the roaring 20s the subsequent crash saw prices returned to their original price meanwhile BTC united states dollar is still ten times greater than its pre bubble price of around 400 dollars in 2016 amma says dot bitcoin is not only a more comparable to bubbles it’s fast rise is also incomparable to the most successful companies and innovators as far as I can tell nothing has ever risen as fast and as much as bitcoin has risen Bitcoin self-corrects to suck up fiat so how did Bitcoin manage to rise so much and so fast in such a short time span the secret lies in its design namely the inelastic supply of 21 million Bitcoin a number set in digital stone making it the hardest form of money that ever existed what’s more is that unlike central banks this supply mining of Bitcoin this program to grow at a predetermined rate up to 21 million this makes it the most predictable asset that ever existed not only does everyone know how many bitcoins will exist ten or even 100 years from now but this data is also transparent and verifiable but I am us notes another important feature that plays an important role in Bitcoin the economics the mining difficulty adjustment my explanation for this rise is that bitcoins difficulty adjustment makes it a truly unique monetary asset built to rise fast he says dot is covered by Bitcoin ‘test the difficulty adjustment acts as a counterbalance to fluctuations in Bitcoin hash rate or computing power of the network that came with the spot price amaz notes that the difference between Bitcoin and traditional money is that the latter is linear resulting in boom and bust cycles the former however is a positive feedback loop that strengthens the network over time even with erratic price swings this makes Bitcoin a completely unique as it does not behave like a traditional asset whose production depends on supply and demand it’s the world’s first self-correcting asset that keeps the most efficient miners profitable regardless of market conditions while siphoning off more and more fiat money by design simply put bitcoin is not the bubble it’s the pin do you agree that BTC is not like other historic famous bubbles share your thoughts below thanks for watching The Ohio Bitcoin com Bitcoin news channel today we sincerely appreciate you spending some of your valuable time with us disclaimer price of articles and Markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views and continues to spread the word about Bitcoin BTC thanks again see you with more Bitcoin headline news and analysis soon there are still those that don’t quite get it about Bitcoin yet enjoying a personalized service is rated high amongst consumers whether that is paying for home insurance online or being able to pay by mobile casino UK consumers like to be informed and in turn their choices and decisions become more personalized for instance when playing at an online casino which bonuses to opt into or which new game are on offer all matter information counts and getting that information to the consumer in such a way that is easily understood is vital today most no I certain amount about Bitcoin whether that has been gleaned off the internet or read in the daily newspapers but it is still surprising just how many consumers still do not realize how beneficial it is especially in today’s social climate where divulging personal details is frowned upon by many just like paying for your online casino games using your monthly phone contract or pay-as-you-go to count Bitcoin releases consumers from the worry of identity fraud and other online crimes Bitcoin provides a decentralized way to pay for services and goods with no ties to any financial institution or government and this means for the consumer that all transactions can be completed faster and more securely than other conventional ways of paying paying for goods and services using bitcoin is also completely anonymous although many people have heard of and know little about Bitcoin it seems that fewer are aware of what blockchain is and what it provides since its conception blockchain has evolved and grown allowing digital information to be distributed yet importantly not copied and today the tech community is finding other potentials for the technology other than cryptocurrency not only can blockchain be programmed to record financial transaction but practically everything of value can also be recorded which means that the web as we currently know it could easily gain a new layer of functionality blockchain brings extra security which could mean that new business is operating on the internet would be able to rid themselves of the traditional institution of finance with direct interaction between parties peer to your payments are possible and with the decentralizing of file storage distributing data throughout the network protects files from being hacked or lost in fact it is thought that blockchain technology holds such great potential that savings around the world could reach up to six billion dollars a year thanks for watching the ohio bitcoin comm bitcoin news channel today we sincerely appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own bitcoin if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views and continues to spread the word about Bitcoin BTC thanks again see you with more bitcoin headline news and analysis soon you bitcoin is creating a better banking system for a better world the core banking system sucks it sucks for everyone but it sucks more if you are poor or live under a dictatorship technology allows us to build a better core banking model by core banking I mean deposits and loans in the real economy not just transferring value between users or creating synthetic financial products here is the formula for a better banking model matched funding deposits loans plus insurance plus locked chain technology this will help reduce inequality combat authoritarianism and diminish excess variance in the business cycle in this coming struggle you are either with the spirit of our better human values epitomized by Satoshi Nakamoto or you are with the big banks if the idea of a better banking model speaks to you and you are willing to get your hands dirty join us the problem billions of people live in a darkness that are better banking model can lighten according to the World Bank approximately 3.5 billion people live in poverty and don’t have a savings account at Bank dot 1 this means that a couple in Mozambique has no savings mechanism that could help them in they hope to educate their daughters like many their only choice is to operate in cash even though the father has a job the human rights foundation estimates that 4 billion people live under authoritarian governments dot 2 this means that a young man studying in Vietnam keeps quiet about the malignancies he sees in the system he does this because he dreams of getting married and to get the girl he needs a house and to get the house he needs a mortgage from the state bank consider this reality closer to home Bank of America will charge low-income customers 12 dollars per month for their checking accounts unless they have a $1,500 account balance at Laura underscore Nelson Twitter 2018 finally a bank with some fresh ideas on how to make poor people poorer at kishan Akali twitter 2018 see what binds these people together a secure savings account is foundational to a full life a life where the individual can express the truth as they see it and also participate in the natural uplift of the real economy it is the solid ground that allows us to formulate our own thoughts without outside influence and provide a better future for our families although we tend to overlook such basics in the West the virtues arising from secure savings accounts are indispensable to higher order democratic structures this can be seen graphically as a kind of Maslow hierarchy of needs hierarchy of needs for a healthy society if you want to reduce poverty you need to start at the bottom of this hierarchy and let the benefits flow upwards similarly if you want to promote democratic societies you need to get the bottom right in the first place there is typically a positive statistical correlation between poverty and an authoritarian form of government and between wealth and liberal democracy this flows not from elections at the top but from secure savings accounts at the bottom plugged into the real economy where people have the independence to come up with their own opinions without coercion and are able to share in the productivity of the economy societies flourish so what binds those living in authoritarian countries the unbanked in Africa and the financially excluded in America together they are all missing the secure productive savings account foundation needed as a defense against the related evils of authoritarianism and inequality what would core banking look like if it were truly to serve society a core banking system built to serve society would have the values set out below independent meaning that it should be censorship resistant and self controlled so governments cannot seize a person’s account people need to have security over the money without fearing government retribution for any exercise of their human rights fare the system should channel the productive returns of lending in the real economy to savers without the banking sector capturing the majority of such returns everyone with savings no matter how small should be able to benefit from this natural uplift today’s fractional reserve banking system is designed for the benefit of the few rather than the many the very nature of fractional reserve banking is incompatible with a truly healthy society the origins and basis of our banking system our banking system originated from precious metal guilds in the Middle Ages deposited gold mainly represented value that had already been created in the economy these goals developed the concept of issuing paper I o use against the deposited gold as not all depositors typically demanded their gold back at the same time this led the deposit Rees to issue more paper io u–‘s for making loans from the gold that they held they retained a fraction of the gold in case a merchant needed physical gold these depositories evolved into today’s banks whose core model is based on the same fractional reserve concept this core banking system is inherently dishonest at its heart are three fundamental lies that pervert society and the economy one the bank will tell you that the money you deposit belongs to you in fact legally the money becomes the property of the bank in law you are an unsecured creditor to them in return the bank gives you an IOU called a deposit account the deposited money is recorded as an asset on their balance sheets and deposit accounts are recorded as their liability to you to the bank will tell you that your money is safely held at the bank in fact the bank holds only a fraction and then loans the rest of it out if you want more than this fraction of your money back the bank takes it from elsewhere 3 the bank will tell you that your funds are insured by the government up to a certain amount in fact there is no government insurance fund that corresponds to these deposit amounts it isn’t insurance it is a government undertaking in a failure situation to print more money to give to the banks so that they can repay the liability to you fractional reserve banking is illustrated below reserve banking an inverted house of cards banking’s greatest deception is that the power of money creation is mainly in the hands of big commercial banks not the state the Federal Reserve doesn’t create most of the money in the United States large American banks do through the loan deposit account process since both paper money and Bank created money you have purchasing power they are both officially considered money why does the current core banking system suck there are two main reasons why this core banking system sucks it leads to inequality in society and it’s dangerous for the economy inequality in society the banking system uses the funds of depositors as their own to make higher returns driven by profits on loans deposits and loans of a core of banking and are exceptionally profitable given the risk assumed the system essentially is a mechanism for taking a little bit from everyone and channeling it to owners who are disproportionately there one the cent of society all depositors are disadvantaged by their exclusion from the rewards of the natural productivity of the economy whether they are middle-class savers in America or a wealthy family office in Switzerland or a corporation in Japan in addition the biases in the landing process driven by a human preferences that manifest themselves technically in the debt service coverage ratio or interest rate on loans inevitably favoring groups over out groups this bias is institutional exacerbated by the structural nature of fractional reserve banking Father the current banking system has completely failed the poor you [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] you

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