Sentences with phrase «control of any central authority»

Both governments, with ambitions to create state - sponsored cryptocurrencies, are looking to take advantage of the promise that Bitcoin introduced to the world financial system: a new kind of money and financial infrastructure, outside the control of any central authority, particularly the United States.

Decentralized — The application runs on a public blockchain and is free from the control of a central authority.

As least, that's the contention of some critics, who claim CryptoKitties, like World of Warcraft before it, is under the control of a central authority.

Not exact matches

For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank.

An important and useful element of the thinking at the time was the replacement of the earlier «control theory» approach to policy (i.e. the belief that the central point was to find an appropriate spot on the Phillips curve and to stay there), towards a «game theoretic» view, in which the critical issues related to behaviour — the interaction between the monetary authorities and the public.

The grand mufti elaborated on his position by stating many of the typical concerns surrounding cryptocurrencies including their cryptographically controlled issuance, lack of central authority and regulation by financial institutions, and their ability to mask users» identities.

Elimination of a central party or authority control over processing and single point of failure.

Trust is not dependent on one central authority; it is federated between all users, while, on some level, that may be scary for some who will need to cede control of proprietary systems of checks and balances in favor of an open, transparent approach.

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.

Some would argue that by acting cautiously on balance sheet normalization (without actively countering impacts of ECB policy measures), Fed policymakers have partially ceded control of financial conditions to foreign monetary authorities, but the same can be said about other central banks as well, for long - term rates are correlated among advanced economies:

Monetary policy is the process through which the monetary authority (central bank, currency board, or other regulatory committee) of a country controls the size and rate of growth of the money supply, which in turn affects interest rates.

Cryptocurrencies are decentralized — free of government control or commercial banks, but the «J Coin» would be issued by a central authority.

Cuomo's «Open NY» proposals included making government information available on one central website and trying to establish a network and augment sites for each state agency and authority under the governor's control with uniform downloadable catalogs of agency data and search engines.

These are expected to include measures to give neighbourhoods control over local planning decisions and reducing local authorities» reliance on grants from central government - which are being cut back dramatically as a result of the spending review.

As the mayor's counsel, Perez Williams was a central figure in some of Miner's biggest confrontations, including a fight over the Civilian Review Board and a struggle for control of the Syracuse Housing Authority board.

Commenting on the Conservative Party's proposals to force local authorities to hold a referendum each time they increase council tax by more than a central government controlled level, Director of Unlock Democracy, Peter Facey said:

Pakistan's «tribal areas» which are the source of many bombings like the West Bank and Gaza Strip in Israel which is home to many bombers when this was a common occurrence in Israel, are both only weakly under the control of the central national government's authority, but it is much more practicable for Israel to wall off the areas that it does not fully control (which was the single most important policy decision that led to fewer bombings in Israel) than it is to do so in Pakistan.

A report from Amnesty International yesterday branded the militias «out of control» and acting independently of central authority.

A central irony of the mayoral control fight is that Senate Republicans and their allies in the education reform and charter school sectors are natural allies of the clear lines of authority that mayoral control guarantees.

The elected Orleans Parish School Board (OPSB) retained authority over the system's 16 still - viable schools, an administrative domain that shrank further as several of the best schools fled central control for the greater autonomy that comes with charter status.

Free schools do not have to follow the national curriculum and are directly funded by central government, outside of local authority control.

This could include taking schools away from local authority control, converting them into academies - directly funded by central government - and putting them under the leadership of high - achieving head teachers.

They operate as academies, and like them, do not have to follow the national curriculum, can vary the pay and conditions of teachers, are directly funded by central government and are outside of local authority control.

Free schools are very similar to academies in that they do not have to follow the national curriculum, can vary the pay and conditions of teachers, are directly funded by central government and are outside of local authority control.

David Simmonds, representing the Local Government Association, cautioned that local authorities had diminishing amounts of direct control over schools - because of central government directives and targets and the shift towards academies.

The countries cited have a long tradition of central government control plus a largely homogeneous culture, whereas the United States has a diverse population and strong traditions of parental authority, limited government, and state (not federal) control of education.

Particularly, in a situation such as that which exists today, where the shadow banking system responsible for much of the last few years of credit expansion is now dramatically contracting outside any possible control of the central banking authorities, there is no alternative but deflationary collapse with a concomitant moon shot in the value of the world's reserve currency v. all other asset classes.

Bitcoin is a peer - to - peer cryptocurrency, which is created and held electronically but is not printed like fiat currency and is not under the control of any central regulatory authority or bank.

In his presentation Scott discussed at one attempt to strengthen central control of environmental enforcement, the Ministry of Environmental Protection's Regional Supervision Centers (区域督查中心), and argued that China should give regional authorities more authority to make and implement policy, rather than less.

Anyone who takes the time to properly research the origins of the «population control» movement will come to understand that the Rockefeller - Turner-Gates agenda for drastic population reduction, which is now clearly manifesting itself through real environmental crises like chemtrails, genetically modified food, tainted vaccines and other skyrocketing diseases such as cancer, has its origins in the age - old malevolent elitist agenda to cull the human «chattel» as one would do to rodents or any other species deemed a nuisance by the central planning authorities.

In fact, the Bitcoin blockchain represents the first solid, working implementation of distributed consensus — for the first time, everyone can agree on what transactions took place, and who owns what, because everything is recorded on a tamper - proof public ledger that doesn't need a central server and can't be controlled by any central authority.

Government opinion on Bitcoin plays a vital role in the crypto community as Bitcoin and cryptocurrencies claim to be the first decentralized peer - to - peer payment network powered by its users with no central authority or middlemen, this lack of central authority or control makes governments very scared of Bitcoin.

It underlined the value of a currency that isn't controlled by a central authority — the principal that defined the creation of Bitcoin over 10 years ago.

In an attempt to know more, ECO contacted the central bank, which didn't address Santander Totta's blockade, but instead just restated that bitcoin has no central authority controlling it, and that, given the lack of regulations, no cryptocurrency - related business has to register with the financial institution.

As reported by CCN, Portugal's central bank, Bank of Portugal, has in the past stated that bitcoin has no legal tender in the country, nor a central authority controlling it.

As Bitcoin is entirely digital and not controlled by any central authority, one of the biggest concerns for many people is how vulnerable it is to hackers....

It could render the existence of central authorities and their control over the country's monetary system useless.

Responsible for implementation of National, DoD, Director of Central Intelligence Directive (DCID), Joint Air Force Army Navy (JFAN, USAF and MAJCOM policies classifying and protecting special access program systems, national defense and other sensitive information originated or controlled by higher - level authorities and associated personnel.