Akin Fernandez is the owner of bitcoin voucher service Azteco and an active technology blogger going under the nickname ‘Beautyon’.
In this opinion piece, Fernandez offers a critique of a presentation given last week at the US Federal Reserve to an audience of 90 central bankers, and explains why he believes the event didn’t properly represent the technology. Around 100 central bankers and regulators from around the world came to the Federal Reserve (the organization that inadvertently caused the creation of bitcoin) last week in Washington, DC, for an event titled "Finance in Flux: The Technological Transformation of the Financial Sector".
Jointly hosted by the IMF and World Bank (two organizations participating in the global fiat money Ponzi scheme), the event shows bitcoin is no longer regarded with any doubt by people at the top of democracy. Everyone who was saying that it works completely as described is now 100% vindicated, and all the people who said it did not work are humiliated.
What these bank men are doing is reacting to this clear and present threat to their role as monetary intermediaries. Blockchain startup Chain wants to be the vendor of choice for the software providing the middleman services to these central banks, and CEO Adam Ludwin made a sales pitch at the event without explicitly asking: "Who is going to write this software for you?"
As I have said before, you cannot have blockchain without bitcoin, and this article by professor Saifedean Ammous, published in the prestigious American Banker, expounds this fact nicely.
Men who try and separate blockchain from bitcoin are inevitably software vendors desperately trying to sell their services, trying to separate the inseparable because they can’t come up with business models where they interact directly with bitcoin. They also tend to be statists with a fervent belief […]
