Authority of Banks

John Steinbeck's epic novel "The Grapes of Wrath" has excellent writing which explains the dialogue between landlord and "illegal occupant". As we own the land, the boss's person said it is necessary - as if the bank or company were monks with thoughts and emotions - it already has a problem I have it. When foreclosures are forced to face their banks, banks are indeed a terrible being.

In the digital world where we live today, getting out of the central government will have a huge impact. Currently, we are caught up in the plight of many central governments. Let's think about the central authorities of banking, politics, and communication. Think about the slogans such as "evil actor", "do not become evil". We believe in digital communication. Now thinking about getting rid of them means saving time, saving cost, and redistributing power ... go ahead! This is a fuss about encryption currency and block chain technology. It is not an exaggeration to say that encryption currency and block chain technology will revolutionize many aspects of our daily lives and lead the future empire.

The banking industry is the most visible confusion industry in this field. Through Bitcoin, I learned how the network interacts and communicates without relying on central agencies (bank servers and databases) to determine the amount of each user account (truncates brokers). As thousands of other Silicon Valley engineers like myself, I can think of this technology with at least 20 different use cases. Many of these techniques are already being studied. There are many interesting use cases in this technique. My favorite products are https://earn.com/ and https://steemit.com/ (these companies are supported by the biggest venture capital company in Valley).

There are some fundamental differences between the encryption currency and the US dollar. For example, transactions made in the Bitcoin system are not dependent on the power of the banks and the government, but are recorded in a ledger (at least in theory) that can not be divided into civilians who can freely participate by anyone. Computer Network In addition, the supply of Bitcoin is finally fixed. The anonymity of the cryptographic currency may not be as proactive as cash anonymity (without marks)