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Revolution is not Bitcoin but Blockchain, replacing double entry Bookkeeping and Banks.

October 21, 2017 - 1:37 pm in Economics, Governance

The reason why digital fiat currency (DFC) is making capitalism obsolescent is that there is no need for loans, debts, interest or capital repayment, hence no need for banks, in the system. Money creation and spending is done by a central bank that, if the…