My first reason for fearing banks is due to their ability to appropriate, via an almost infinite number of fiscally criminal engagements with us, 99% of our wealth, and my second is that when they adopt one or another of these ‘peer-to-peer’ information management/ledger systems (and the only peers with which the banks will transact on this peer-to-peer basis will be their own fellow banks & their other crocked cronies in the greater military/industrial/governmental fraternity) & while this adoption will massively increase their profitability, they will most assuredly not eliminate any of their vast lexicon of criminalities – such as fractional reserve banking which not only allows them to print money out of thin air, but by manipulating interest rates & the amount of money in circulation eventually plunge the whole economy into bankcruptcy, at which point they first repossess the bankcrupted properties at pennies on the dollar, after which they resell them for a king’s fortune.
In short they turn their money-out-of-nothing into hard, tangible wealth reclaimed from us naïve dupes.
Another of their more heinous crimes is loaning to governments at compound interest. Not only can governments print their own money both debt & interest free, but why agree to repay at compound interest ?
The manner in which the banks will continue their criminality will be via SMART CONTRACTS !!!
Which of the naïve amongst us would not like our own dear bank to not only get on board with this sexy blockchain thingy, but allow us to sign ‘smart contracts’ with them too -
It is becoming increasingly clear that Bitcoin has been hijacked by the Bankers – a former chairman of the Bilderberg group is now on one of Bitcoin’s core development teams namely Blockstream.
HASHGRAPH … HASHGRAPH… HASHGRAPH.
Although HASHGRAPH is already an in-use and VASTLY SUPERIOR information management system in comparison to ALL BLOCKCHAINS & ALL BLOCKCHAIN-BASED products, the founder, Leeman Baird has already granted license for its patented use to the Credit Unions of America.
If we the people aren’t willing to pay a reasonable amount for patented use of this near-perfect decentralising system of information management, but all of the big banks follow their lowly cousins the credit unions and adopt it before we do WE ARE SKREWED.
Many of the most ardent advocates of Bitcoin have said all along that we must watch for something better to come along …. Let’s all urge Leeman to create an alternative currency system on his invention - So what if we have to pay a patent fee when any such fee could save/create users vast amounts of time, money, expertise & effort ….. AND SUCCESSFULLY ALLOW US TO CIRCUMVENT THE CURRENT SYSTEM OF ENSLAVEMENT.
Actually, we could crowd fund ourselves & pay Swirlds (Leeman Baird's company) the licencing fee & build a vastly superior alternative currency on a HASHGRAPH system ourselves without waiting for him to do it for us.