With a decentralized identity system, a person could manage his or her entire online identity without the worry of it being censored or abused in
any way by a central authority.
Not exact matches
The idea here is essentially to work out how to set up cross-border mutual - fund type structures to invest in bonds issued
by regional governments and quasi-government
authorities, and to show the
way with a modest amount of
central bank money.
This is protected
by the European Court of Human Rights, and the Human Rights Act, which incorporates it into domestic law and allows courts in the UK to make sure local
authorities and
central government act in
ways that protect people's rights.
There's also been the opportunity for profiting
by switching between currencies, and one startup founder has even wondered if this is a new
way to double spend currency, a problem that the bitcoin blockchain was design to solve as it doesn't require a
central authority.
The sentiment is repeated in some
way by several other commentators; the point being, that a publication as critical of centralized
authority as Numerama publishing a public message about cryptocurrency adoption
by the
central government gives an overly optimistic, if not artificial and incomplete, view of government policy.
In this
way, more people will be able to be involved in the cryptocurrency sphere, even when these last currencies will be centralized and controlled
by a
central authority.