This was a digitized cash that could be exchanged for physical dollars. It did have some interesting properties--it would expire after a certain period, requiring it to be exchanged for fresh e-cash, to prevent money laundering.
This all shows how hard it is to actually launch a digital currency. It's a miracle bitcoin is where it is today.
Source: The Age of Cryptocurrency (one of many great stories within this book)
https://books.google.com/books?id=Kv8CBAAAQBAJ&pg=PA60&dq=cryptocurrency+e-cash&hl=en&sa=X&ei=UXXjVOGXJ4rLsASU04DIAw&ved=0CC0Q6AEwAA#v=onepage&q=cryptocurrency%20e-cash&f=false
In light of the recent Cellar Boxing revelations, I think itβs best if I post some connections Iβve made so we can potentially uncover what other games are being played behind the scenes.
Especially after u/Criand edited his comment and left this:
Iβm too smooth brained to understand that comment, but Iβm pretty sure Iβve come across futures+swaps in here. We'll cover a big chunk of the network of bankers, high-frequency traders, legislations, ownerships and where it all points to. Feel free to correct anything and note that none of this is financial advice, Iβll probably add lots of edits so stay tuned. Also lots of speculation (duh).
Citigroup, Glass-Steagall, crisis of β08, naked shorting and Robinhood
Travelers Citicorp mega-merger
- Stitched together in the 1990s by CEO and Chairman Sandy Weill and in the process of more than 100 acquisitions (mergers) helped bury the Glass-Steagall act
- The β98 merger of Weillβs Travelers Group and John S. Reedβs Citicorp (First Bank of New York) would enable Travelers to market mutual funds and insurance to Citicorp's retail customers while giving the banking divisions access to an expanded client base of investors and insurance buyers
- One of the mergers ended up as Salomon Smith Barney, who was the lead underwriter or a book-running manager (same thing) *for Gamestop IPO in 2002
I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.
Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.
Do your worst!
I'm surprised it hasn't decade.
For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.
I said "hey look, an escaPEA"
No one near me but it didn't half make me laugh for a good hour or so!
Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies π
It really does, I swear!
Theyβre on standbi
Pilot on me!!
