{"id":6508,"date":"2015-03-14T18:59:41","date_gmt":"2015-03-14T23:59:41","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6508"},"modified":"2015-03-14T18:59:41","modified_gmt":"2015-03-14T23:59:41","slug":"red-alert-ibm-moves-to-create-a-centralized-central-bank-controlled-blockchain-for-currency-control","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6508","title":{"rendered":"RED ALERT \u2013 IBM Moves to Create a Centralized, Central Bank Controlled Blockchain for Currency Control"},"content":{"rendered":"<h3 class=\"post-title\"><a href=\"http:\/\/libertyblitzkrieg.com\/2015\/03\/13\/red-alert-ibm-moves-to-create-a-centralized-central-bank-controlled-blockchain-for-currency-control\/\" target=\"_blank\">RED ALERT \u2013 IBM Moves to Create a Centralized, Central Bank Controlled Blockchain for Currency Control<\/a><\/h3>\n<p><strong><em>International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the \u201cblockchain,\u201d to create a digital cash and payment system for major\u00a0currencies, according to a person familiar with the matter.<\/em><\/strong><\/p>\n<p><strong><em>Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks.<\/em><\/strong><\/p>\n<p>\u2013 From the Reuters article:\u00a0<a href=\"http:\/\/www.reuters.com\/article\/2015\/03\/12\/us-bitcoin-ibm-idUSKBN0M82KB20150312\">IBM Looking at Adopting Bitcoin Technology for Major Currencies<\/a><\/p>\n<p>Many activists and thinkers in the anti-status quo world were understandably very\u00a0suspicious of Bitcoin when it first entered mainstream consciousness during its run-up from $10 to $260 in spring 2013. I myself had heard of Bitcoin years before I publicly expressed my interest and support of the technology. With no tech background, I was immediately overwhelmed with the concept, and so I initially\u00a0dismissed it and forgot about it. It was only in 2012, that I started asking questions of tech experts who I had become friends with\u00a0it about it in order to calm my concerns. Considering these people have similar political leanings and are even\u00a0more paranoid than I am about the corporate-gulag state, I felt somewhat reassured. Then, when I recognized the powerful political implications of the technology, I wrote my first public thoughts on it. The post was titled,\u00a0<strong><a href=\"http:\/\/libertyblitzkrieg.com\/2012\/08\/22\/bitcoin-a-way-to-fight-back-against-the-financial-terrorists\/\">Bitcoin: A Way to Fight Back Against the Financial Terrorists?<\/a><\/strong><\/p>\n<p>Here\u2019s a\u00a0key excerpt\u00a0from the post, and what really got me interested in Bitcoin:<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RED ALERT \u2013 IBM Moves to Create a Centralized, Central Bank Controlled Blockchain for Currency Control International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the \u201cblockchain,\u201d to create a digital cash and payment system for major\u00a0currencies, according to a person familiar with the matter. Unlike bitcoin, where the network [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[4174,122,951,4171,4173,4170,4172,536,786],"class_list":["post-6508","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-bitcoin","tag-central-bank","tag-currency","tag-currency-control","tag-financial-terrorists","tag-ibm","tag-international-business-machines","tag-money","tag-technology"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6508"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6508\/revisions"}],"predecessor-version":[{"id":6509,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6508\/revisions\/6509"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}