#Blockchain Residency Program and ditch the Central Bank in favour of a #Cryptocurrency
Credit: CoinTelegraph
As an advocate of #Blockchain Technology and the benefits of the Decentralised Digital Distributed Ledger Technology, I first mentioned over +4 years that the future will see Central Banking replaced by #Blockchain.
Despite the objections and in some cases ridicule response I received, I never once changed my story.
Why? Because I knew I was right.
A World without Central Banking would have been totally unimaginable and unthinkable to have begun to suggest a decade ago.
Not now though, with the application of #Blockchain Technology.
Earlier today I was scanning my news feeds and came across this short article that I thought I would share with you.
Credit to CoinTelegraph for the content in the article.
Credit: CoinTelegraph
Migration from a Centralised Banking System to a Decentralised Banking System
Should this play out as suggested in the article then Catalonia would be the first in Europe to roll out a #Blockchain Residency Program at the same time as an independent Catalan Cryptocurrency in favour of a Central Bank.
This move would have huge implications throughout the World as the migration from a Centralised Banking System moves to a Decentralised Banking System.
#Blockchain Residency Program + #Cryptocurrency in favour of a Central Bank
As the World finally wakes up to the reality that the future will consist of #Blockchain Residency Programs and a #Cryptocurrency in favour of a Central Bank then we can all enjoy the migration to the New Global Financial System and ditch the archaic, antiquated and garbage Financial System that is still stuck in the 1970's..!!
It's funny, the ones who laughed at what I was talking about in 2013 are not laughing now as this migration is slowly but sure being chipped away at.
The World has moved on from the 1970's and it is finally time that people wake up to the reality that technology has moved on leap and bounds in the last decade.
For the ones who are still stuck in the 1970 methodology of a Central Banking and Central Monetary Planning, you do know that the Internet has been invented? Just saying..!!
Once again a great short article and credit to CoinTelegraph for the content.
Thanks for reading.
Stephen
Shared on twitter. Stephen
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Great article thank you Stephen. It makes sense that if you want to gain independence that it would be a smart move to utilize blockchain and cryptocurrency as a financial and accountability base structure.
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A useful information @stephenkendal.
I like it very much. Do what we can do.
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This article helps me to know about blockchain , thank you so much.Really many many thanks for this article.
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Smart move, if they create their own crypto then this will generate a good deal of pr for them to support there cause.
Also forking a crypto currency is easier then minting your own coins.
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would have been great to see, but Spain already regained full control of Catalonia this morning, seizing even its regional parliament.
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pretty informative post in blockchain. Go ahead sir @stephenkendal
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great post... good information
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Not much substance in this post, mostly wishful thinking, Catalonia is not even independent, even if it did gain independence it would still have to bow down to international interests or its economy would collapse. Do you really think a computer generated coin would stabilize it's economy after all that independence would imply for Catalonia? A lot of talent would emigrate, businesses would leave, in fact a few have already, and most important not even half of Catalans want independence.
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great post... good information in blockchain.
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Thanks @stephenkendal for sharing nice informations and updates about cryptocurrency and blockchain.i highly agreed with that lines.
Keep it up dear Stephen your efforts for the promotion and development of steemit are admire able.thanks,.
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https://steemit.com/bitcoin/@snekecreator/bitconnect-annual-ceremony-2017-live
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Hello @stephenkendal , a brilliant post you got here, i thinks what i see in #blockchain technology is a global revolution in the banking and monetary system , and tgis revolution is not just for Europe , because other continents Asia , Africa , and so on has embraced it. Let see how it plays out in years to come
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Interesting, not sure if it would work but anything that get people away from big government and central banks I think is the right direction.
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yeahh ESTONIA is making this ... catalunya is studying the Estonian project...
many companies are registering in Estonian for not relying on central bank...
it is so interesting ....i keep check out this history
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