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      "body": "@haejin Have you read this https://steemit.com/bitcoin/@xexylol/bitcoin-a-bubble-a-ponzi-and-an-environmental-disaster-for-the-head-of-the-bank-of-central-banks , what is your opinion ?",
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      "body": "@haejin Have you read this https://steemit.com/bitcoin/@xexylol/bitcoin-a-bubble-a-ponzi-and-an-environmental-disaster-for-the-head-of-the-bank-of-central-banks , what is your opinion ?",
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      "author": "xexylol",
      "body": "@haejin Have you read this https://steemit.com/bitcoin/@xexylol/bitcoin-a-bubble-a-ponzi-and-an-environmental-disaster-for-the-head-of-the-bank-of-central-banks , what is your opinion ?",
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      "author": "xexylol",
      "body": "![agustin-carstens.jpg](https://steemitimages.com/DQmfYyHSj3BPiGNR8v8WPu2wG2GuNHBY47aq5VeXP8P3Nze/agustin-carstens.jpg)\n\nAgustin Carstens, the director general of the Bank for International Settlements (BIS), today expressed his hostility towards cryptocurrencies. He believes that governments, if they wish to protect the financial system, must take stronger measures to contain the expansion of this ecosystem.\n\n<h1>Bitcoin, a threat to the financial system</h1>\n\n4000 billion dollars. This is the decline in the valuation of the stock market, recorded over the last 8 days - a fall that has prompted many investors to turn to gold and other safe havens, in an attempt to limit their losses.\n\nIt is in this context that Agustin Carstens - the Managing Director of the Bank for International Settlements (BIS), nicknamed \"the Bank of Central Banks\" - today held a speech at the German University House of Finance , located in Frankfurt.\n\nBitcoin and central banks But Carstens did not go there to talk about \"traditional\" finance, and discuss equity market developments - his presentation was mainly focused on a topic: the answer to cryptocurrency expansion .\n\nThrough his presentation , entitled \" Money in the digital world: what role for central banks? \"He took a hard bite of Bitcoin and other digital assets. These would constitute innovations not interesting from a technological point of view, but also unreliable payment systems .\n\n<i>\"It is not because a technology is new that it is a better technology, or a technology that can benefit from better economic fundamentals.\n\nThis is clearly the case for Bitcoin: while it has undoubtedly been designed to offer an alternative payment system, which can overcome the presence of a government, the asset has become the mix of a bubble, a Ponzi scheme and an environmental disaster. \"</i>\n\nAnd despite these strong criticisms, it is impossible to trace any argumentation that could justify the use of these three qualifiers .\n\nBut this is probably not the most important for Mr. Carstens. The leader seems to want above all to discredit the crypto-currencies , whose expansion allows to offer an alternative - that some believe credible - to the currency fiduciary. An expansion that could, in the coming years, erode the power of central banks on the economy - while they hold the monopoly of monetary issuance.\n\n\" Private digital tokens who pretend to be currencies should not turn around the confidence [in central banks], \" he added, before urging banking regulators to put pressure on this ecosystem.\n\n<h1>\"Political intervention is needed\"</h1>\n\nMr Carstens believes that \" the authorities are starting to intervene more and more to limit the risks associated with cryptocurrencies \".\n\nBut he would like them to go even further. \" Everything suggests that political intervention is needed, \" he added - an intervention that would be able to \" protect payment systems \" today.\n\n<center>![bitcoin-record-13200-dollars-414x232.jpg](https://steemitimages.com/DQmZwWxG9B9XYbT2XFNV8mrLnuymjrsd15b52PTdyn16N4r/bitcoin-record-13200-dollars-414x232.jpg)</center>\n\nHe hopes to prevent cryptocurrencies from accessing financial infrastructures . It also explains that Bitcoin \"is not functional as a means of payment \", and seems to imply that the asset would be used mainly to finance illegal acts :\n\n<i>\"If the only case of use of Bitcoin is related to illegal or illegal transactions, then central banks can not allow such tokens to rely on the same institutional infrastructure that is used in the financial system, and 'so grab the trust it offers.\"</i>\n\n<b>He added that commercial banks are at the forefront , especially because they act as intermediaries for customers of cryptocurrency trading platforms. He believes that the authorities must ensure that these financial institutions \" do not promote dishonest behavior \".</b>\n\n<i>\" Financial authorities may also have to intervene to ensure financial stability, \" he said. The leader believes that \" if the authorities [did not intervene] as a precautionary measure,\" then digital assets could \" pose a threat to financial stability \".</i>",
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      "author": "xexylol",
      "body": "<h3>The news or fake news?</h3>\n<b>In the censorship series, after Facebook , here is China :</b>\n\n<i>\"All websites offering crypto-currency trading services or advertising in the digital currency market have been removed from search engines and social media in China in an attempt to eradicate trading. ( Express.co.uk )\n\nThe authorities have already banned ICOs and shopping sites for individuals and are now blocking access to domestic and foreign services \"to prevent financial risks\".</i>\n\n\n<h1>S**t!</h1>\nDear readers, we are not going to give you a 10-word river explanation, but rather a few reminders:\n\nCryptocurrencies are very popular in Asia: China, South Korea, Japan\nRussia and China have a strategy to create a successful economic space together. These two countries are among the first to have regulated, at least partially, crypto-currencies. And Russia seems to think that there is no way to ban cryptocurrencies .\nCryptocurrency is sometimes considered as a solution to circumvent the influence of dollars.\nRecall that the dollar knows a sudden fall in recent days.\n\nIs the Chinese government buying a huge amount of different cryptocurrencies and, to get it cheaply, creating such news to get them at the best price?\n\n<h1>Some ideas for reflection</h1>\n<ul><li>Tapping once on the table will help regulate cryptocurrencies with, for China, a benefit related to fear</li>\n<li>Mining is a strategic advantage. To regulate and then control - indirectly - this activity allows to have a global weight as for the decisions taken for this or that cryptocurrency</li>\n<li>A decision of banishment - almost total - in China has an effect</li><ul><li>\nat first: terrifying</li>\n<li>in a second time: it is a monstrous advertisement in favor of the crypto-currencies.</li></ul></li></ul>\n\n<b>Indeed, when China comes back on its decision we can be assured that ALL the Chinese population will have heard about crypto-currencies.</b>\n\nRecall that 90% of South Koreans have already heard of Bitcoin.\nMoreover, this event is a clear proof that YES crypto-currencies allow to emancipate the influence of states and banks ... whether they like it or not.\n\nThe Chinese-American economic war seems to turn in favor of China. The book \"The Art of War\" was written by Sun Tzu, a 6th century Chinese general.",
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      "author": "vahidrazavi",
      "body": "thanks for useful and information news about blokchain",
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      "body": "@@ -2352,16 +2352,17 @@\n . :%0A%0A%3Ci%3E\n+%22\n It does \n",
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      "body": "South Korea's Finance Minister Kim Dong-yeon said that for the open-source Blockchain network to work fully, digital currencies are needed :\n\n<i>\"Blockchain technology can change and revolutionize the world. But for open-source Blockchain networks, crypto-currencies are necessary to encourage individuals to participate in the network. \"</i>\n\n<center>![cryptomonnaie-role.jpg](https://steemitimages.com/DQmbgksaaWHBseSwyepu2AcJ8PnopiKh4LEWB62uQZJ3FNn/cryptomonnaie-role.jpg)</center>\n\nDuring a public hearing on February 1, Yeon also supported the favorable position of ministries not to ban cryptocurrency in the short or long term, adding that there is no sign of elimination possible cryptocurrency or the possibility of creating such an environment in which digital currencies would no longer be used on the market.\n\n<i>\"The Ministry of Finance does not intend to eliminate or prohibit cryptocurrencies. Blockchain technology is an important technological breakthrough to fuel the Fourth Industrial Revolution and, as such, the ministry will take a cautious approach to regulating the cryptocurrency market . For cases of negative use of these currencies, the Ministry will impose strict rules. \"</i>\n\nVarious known personalities and officials have previously added on the subject that the Blockchain is indeed an interesting development, but crypto-currencies like Bitcoin or Ethereum are not needed. In this way, Yoo Shi-min, a government member and famous author, targeted the bitcoin by naming it as a gaming tool while saying that Blockchain is a disruptive technology.\n\nJang Jae-seung, professor at the Korea Advanced Institute of Science and Technology (KAIST), the country's most prestigious technology university, directly refuted Yoo's claim, noting that without cryptocurrencies serving as incentive schemes, Blockchain networks can not work . Centralized Blockchains are not an option because they lack rigorous security measures, transparency and especially decentralization.\n\n<center>![kim-dong-yeon.jpg](https://steemitimages.com/DQmXFPtjFY39Rp76kugWf8jq5uThDfA1dPMFYrudkRjqnkD/kim-dong-yeon.jpg)</center>\n\nIn the same vein, Minister Kim explained that the mining / mining process is very important and crucial for open source Blockchains networks, because without incentives, individuals will not have the motivation to contribute. :\n\n<i>It does not apply to centralized or authorized Blockchains, but for open-source Blockchains networks, mining is needed to create blocks and provide incentives to individuals within the network, \"</i> said Kim.",
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      "body": "Blockchain technology will change the way we live, that's for sure. Almost all areas of life will be covered by a company - in the broad sense - offering blockchain technology services. <b>Urban mobility and the transport industry may soon be facing blockchain.</b>\n\n![train_station_1517690126-e1517690136529.jpg](https://steemitimages.com/DQmWgPVqBu8wmsot2vgqcjVZMicL26tPCvPRrtPvErALkvm/train_station_1517690126-e1517690136529.jpg)\n\n<h1>The transportation industry, Blockchain next stop</h1>\n\nUrbanization has increased in many countries in number and complexity. Its expansion has, in many cases, been accompanied by technological change. We can mention Uber and many other local applications that provide various services in the most important cities of the world. Another example worth mentioning is the incredible developments achieved with autonomous cars and artificial intelligence in the transportation industry.\n\n<b>With pre-paid travel cards loaded with crypto-currencies, public transport users would be able to pay in a single payment the entirety of a multi-transport journey. This is what Amos Haggiag, CEO and co-founder of Optibus, told Business Insider .</b>\n\nIf a person makes a multimodal trip by train, bike and metro, it is necessary to pay, in general, for different tickets and at different places. With Blockchain technology, this could be solved and simplified. People could soon use a single transport card to pay in cryptocurrency a trip with several transports . At the end of the trip, the user pays what he has used, making the payment system easier and more transparent. In addition, it gives businesses the opportunity to understand how people move and work from these data.\n\n<h1>The Blockchain must be more developed</h1>\n\nTo implement this new system, you need to improve the Blockchain. Currently, cryptocurrency and its technology are at a very early stage of technological development . It is not always possible to offer instant payments and the ability to pay without an internet connection.\n\nIf Internet access is affected in a given city, users should be able to continue using the system. In addition, transactions can not take hours to complete because the transit system needs instant transaction validation.\n\nIt may take a little longer for these ideas to be implemented, but it is important to know that in the near future, it is possible to do so.",
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      "voter": "danknugs",
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      "voter": "nextgencrypto",
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  "block": 19551736,
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    {
      "author": "berniesanders",
      "body": "If you are receiving this message, you have been flagged for responding to a known scammy piece of shit.  Enjoy your dwindling rep. Here is how @haejin supports the community.<p>![image](https://i.imgur.com/9i8P6Hb.png)<p>P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.",
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      "author": "xexylol",
      "body": "I think that I will vote here ! \nhttps://steemit.com/haejin/@xexylol/haejin",
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  "block": 19551566,
  "op": [
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    {
      "author": "xexylol",
      "body": "<h1>Time to vote!</h1>\n\nIf you think it looks like <b>@Haejin</b>\n\n<br>\n\n![TrollFace.jpg](https://steemitimages.com/DQmd85h51t9X62VqT36QqwR3Zrw8iqi1Erbw79N7ckgoXpB/TrollFace.jpg)",
      "json_metadata": "{\"tags\":[\"haejin\",\"crypto\",\"bitcoin\"],\"users\":[\"haejin\"],\"image\":[\"https://steemitimages.com/DQmd85h51t9X62VqT36QqwR3Zrw8iqi1Erbw79N7ckgoXpB/TrollFace.jpg\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "parent_permlink": "haejin",
      "permlink": "haejin",
      "title": "@Haejin"
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      "author": "haejin",
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