«The consortium of 40 + banks (known as R3cev) which aims to
do just that will inevitably develop something which: is permissioned (for users and developers like the apple app store), privatized, has fees, will not be entirely transparent to everyone, will not be open - source, it will definitely be inflationary to accommodate monetary policy of debasement and fractional reserve schemes, it will facilitate negative interest rates, central control of accounts for suspension / freezing of funds, bail -
ins, bail outs, capital controls and transactions will include the identity of both sender and receiver and store that information
in a
centralized location for the convenience of hackers.»
I don't live
in Ottawa on a permanent basis (I work abroad and my home base is
in the National Capital), but I go back and take the bus I often think of how great it would be to have signs and posters that could change simultaneously from a
centralized location.