The central depository for the Moscow Exchange, National Settlement Depository (NSD), announced that it is developing a platform to provide accounting services for digital assets like cryptocurrencies.
Bitfinix caving is another example of U.S. capital controls puts us at a greater disadvantage in the global marketplace. The SEC ruling on ICO’s will further retard capital mobility in the future.
Russia is creating an Ethereum-based ledger system called Masterchain to drastically cut the costs and red-tape associated with verifying and clearing financial transactions
EOS has the potential to unseat Ethereum as the blockchain that underlies building new contracting systems that don’t require government to enforce.
Information should be free from would be oligarchs like Sergei Brin, Mark Zuckerberg, Jack Dorsey, Bill Gates and the jackass who runs Reddit.
Bitcoin is now clear to clear $3000 as a safe-haven asset on its way to $5000 and beyond.
This report from RT tells us that Russia’s plans for Ethereum go far beyond what Singapore is thinking about, namely having it take over most basic clearinghouse functions. Putin wants more accountability in government as well as professionalism in Russia’s financial sector.
In order for Russia to become the regionally dominant player across a vibrant Central Asia, it will have to be a leader in banking and finance. It is not that today, at least in ways that rival the West.
Ethereum, simply put, builds on Bitcoin’s ledger system to create ‘smart contracts’ that can house more nuanced information. Ethereum can close a property transfer (like buying a house) with all of the legally necessary information embedded and verified.
But, more importantly, we can build distributed applications (DAPPS) on top of the Ethereum blockchain. For me this means the end of voting fraud. One person, one vote. Verified in the blockchain. No singular nodes of corruption like a Supervisor of Elections stuffing a ballot box, or Diebold machines programmed to George Soros’ preferred outcome.