Nation-state command-and-control will transform into a self-organized digital society: Viva la Evolution\u2122Bitcoin BitsWhen people say bitcoin has no value but fiat does because it is backed by the \u201cfull faith and credit of the government,\u201d I say faith is a pretty weak leg to stand on given the history of fiat. As for creditworthiness, it has never been worse given that the world sits at record low-interest rates and record-high debt. #BitcoinMeanwhile, is faith in the creditworthiness of human ingenuity.Billionaire hedge fund manager Ray Dalio of Bridgewater recently said he believes bitcoin to be a \u201cgold-like alternative asset\u201d thus has \u201cthe potential to disrupt the existing monetary system.\u201d Elon Musk around the same time, added #bitcoin to his Twitter profile causing a rally in bitcoin and ethereum. Meanwhile, Visa reaffirmed its commitment to crypto payments & fiat on-ramps. It will help banks roll out bitcoin and crypto buying and trading services with a new Visa crypto software pilot program, set to launch later this year. This should greatly facilitate further indoctrination and usage of bitcoin and other cryptocurrencies. Meanwhile, both PayPal and Visa ditched Facebook\u2019s \u2018cryptocurrency\u2019.Ernst & Young \u2014 Intellectual Property and PaymentsOn adoption, other institutions are also starting to jump into the fray. Big four auditor Ernst & Young says the best thing to do to drive adoption is to put the tech into the public domain so anyone can contribute, but no one owns the tech. Others can then use it as they wish. Currently, open source licenses are often not open source. But in the case of putting the tech into the public domain, you don\u2019t need lawyers because there\u2019s no license agreement. This will spur the frictionless adoption of the technology.Microsoft is building its new digital ID system on the Bitcoin blockchain. EY is saying they\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Nation-state command-and-control will transform into a self-organized digital society: Viva la Evolution\u2122Bitcoin BitsWhen people say bitcoin has no value but fiat does because it is backed [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/3438"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=3438"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/3438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=3438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=3438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=3438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}