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Senegal eCurrency = digital currency + centralisation? Can someone explain the advantages of that currency for the people and not the banks nor the state? I t
by pierre_d528 10y ago
Senegal eCurrency = digital currency + centralisation?
Can someone explain the advantages of that currency for the people and not the banks nor the state?
I thought all the magic relied on decentralisation and removal of intermediaries.
Isn't it a progress, but backward?
- dogma1138 10y agoDecentralized currency isn't something anyone is taking seriously in the financial sector as its antithetical to their needs. When banks talk about block chains they are talking about private ledgers that will handle concurrent banking, account consolidation and clearinghouse functionalities not about bitcoin. A bank has to be able to control the currency and honestly it's not like bitcoin is decentralized its in the hands of large miners instead of banks but effectively it can be just as beurocratic.
- gesman 10y agoThis has nothing to do with decentralization or giving people any advantages. This is to reduce expenses and dependency on cash or other currencies such as US dollars. And of course to have central "push button" control over monetary instruments.
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