Ethereum as Money as Finance, Bitcoin

As I pointed out in the start of the essay The Revolution of Bitcoin Banking, we are still in the 11th century of online exchange with bitcoin. Today we are slinging around digital coins online using quite real value; which does not have any  real difference  from paying for any goods or services together with gold or cash. While this does not seem to be a problem right now, we need to remember that we live in a modern   society where such primary transactions reach their limits rather quickly. What we want are complex kinds of contracts that could create insurance, debt, and other types of contracts. In other words, we want real fund and not simply cash.

While I don’t feel that bitcoin will ever fade as a storage of value, it will seem to be a  powerful payments system. Though the ‘has been bitcoin a storage or payment of value program’ debate has been going on from the  start of bitcoin,  it has more recently picked up steam using the blocksize debate. No matter if bitcoin does increase the blocksize or not it may not matter very soon, and That’s because of the following  celebrity We’re seeing rising to choose bitcoin’s  location less a currency system, but as a fund system: Ethereum


Vitalik Buterin

Ethereum was created by Vitalik Buterin in late 2013. It was not developed as a altcoin, but instead as a full contracts platform to have the ability to work as a coating on top of bitcoin, or some other electronic money for that issue.   To sneak a remark I found on /r/Ethereum, bitcoin is to electronic gold because  ethereum is to electronic oil.   Ethereum purpose is not to become a deflationary cash like bitcoin, however, a contract stage along with the motor of electronic finance.

Maybe this will ultimately answer the query; is bitcoin a storage of value or a payment method? It seems like it may function as next, but it’s much better as the former. Whereas Ethereum was built specifically to  produce contacts and has a higher inflation rate to account for its stronger utilization of Ethereum. What bitcoin is to hard cash, Ethereum would be  to fund.

Ethereum allows the bitcoin bank that I talk of in The Revolution of Bitcoin Banking. This could realistically do is create a strong full banking and fund platform that’s finished decentralized and non-state based. This is the way the world wide web not only gets its own cash, but its own banking system, economy, and also the resources for electronic natives to secede from our existing economies to new electronic ones.

Finance 2.0

Ethereum is your ubermensch of all bitcoin. It doesn’t just wishes to be all that bitcoin is, but it also moves beyond and over bitcoin to create something larger, something beyond it. Bitcoin has masqueraded as a payment method for long enough, and now it can come to accomplish that which it was made for: to develop into the storage of value for the contemporary technological world, and to  create the base value for its future electronic economies that will come to govern the world.

NHS Money Issues will get worse This Season, Fund chiefs believe

Even the NHS’s financial problems are set to worsen following year, with more hospitals ending up in the red, the wellness providers’s fund managers have cautioned.

Increasing demand for maintenance, pressure on A&E units along with the need to hire more nurses to ensure high standards of treatment are driving up costs for NHS care suppliers, the Healthcare Financial Management Association found.

Its survey of 188 fund managers of NHS organisations found that just 12 percent of 129 hospital fund directors believe their hope will achieve its financial targets in 2015-16, while 44 percent don’t.

Similarly, one in four fund directors in GP-led clinical commissisoning bands, that commission and pay for maintenance, said they’d meet their targets.

Professor John Appleby, chief economist at the King’s Fund thinktank, stated: This record echoes our own surveys and highlights a fact now widely recognized over the NHS — it is heading towards a financial crisis in 2015-16, if not before. The HFMA’s record is printed amid speculation which ministers are being lobbied by senior Liberal Democrats to provide the service a2bn bailout this autumn in order to help keep it running smoothly.

A mere 2 percent of hospital fund chiefs and 11% of the clinical commissioning group counterparts believe the Better Care Fund — that the government’s flagship policy to decrease need for NHS care by taking care of more individuals at home by carrying #2bn away from hospitals — can help improve the services that they supply when it starts next April, the HFMA found.

Julia Manning, leader of 20/20 Health, another thinktank, stated the NHS could save billions by reducing waste and fraud and urged politicians to have an honest debate about exactly what the NHS could be expected to deliver.

More favorably, 92 percent of NHS finance bosses expect the standard of maintenance to improve or stay the same over the next few decades, despite the expectation of increasingly widespread financial distress.

The Department of Health said that it expected the NHS to live within its means. We’ve taken hard decisions to safeguard the NHS funding and the system is on track to create #20bn savings that this parliament to reinvest into frontline maintenance. We are convinced that the NHS will continue to create the savings necessary to meet increasing need, said a spokesman.

Trust chief executives have to get a tight financial grip to keep delivering high quality solutions whilst creating the economies necessary to meet increasing demand.


Dr Mark Porter, leader of the British Medical Association, accused the coalition of cutting investment in the NHS, fragmenting maintenance and prioritising the tendering of services to private firms. As an instance of the eccentric market culture that has surfaced, he stated at Bedfordshire and Milton Keynes, the management consultant firm McKinsey, taking a #3m inspection of solutions, has composed to 500 suppliers, including dissolved UK hopes and one at the US supplying faith-basedhealthcare, for expressions of interest in conducting services.

Rapist David Goodwillie’s Spouse Tucked over finances as footie Genius fought for taxpayers’ Money for Charm bid

RAPIST David Goodwillie’s spouse was drilled within her finances as the footie genius fought taxpayers’ cash to help conceal his name.

Kirstie Goodwillie had to detail her resources before legal aid chiefs agreed to fund hubby’s appeal against a court ruling that he raped Denise Clair, 30.

Ex-Dundee United genius David Goodwillie and spouse Kirstie

The Scottish Legal Aid Board said: “We conduct a thorough assessment of the applicant and their partner’s bank statements and payslips.

“If we provide legal aid in these situations the applicant might need to donate towards legal costs.”

Ex-Miss Scotland finalist Kirstie, 25, married Goodwillie, 28, last June — months prior to a judge ordered him to pay victim Denise #100,000 compo to its 2011 attack.

Following January’s rape ruling the player quit English League Two side Plymouth Argyle to “concentrate on a possible appeal”.

Victim Denise Clair was awarded #100,000 comp

It’s thought he had been jobless when his lawful aid bid was filed — but the striker has signed for League two side Clyde.

His appeal will be heard at the Court of Session in Edinburgh next month.



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Money laundering: Finance ministry puts out list of 9,500 ‘high risk’ finance companies

Finance ministry sets a list of 9,500 ‘high risk’ finance companies


Financial Intelligence Unit (FIU) below the finance ministry has published a listing of nearly 9500 non-banking monetary companies (NBFCs) which were categorised as ‘high risk financial associations’.
The list published by FIU-India on its own site indicates the titles of NBFCs which have been categorised ‘high risk’ and discovered non-compliant to the Prevention of Money Laundering Act (PMLA) guidelines according to January 31.
Following the November 2016 demonetisation of Rs 500 and Rs 1,000 notes, NBFCs and several rural and urban cooperative banks had begun under the scanner of the income tax division along with the Enforcement Directorate for illegally changing banned currency notes of men and women who had unaccounted income.

A lot of these NBFCs and cooperative banks were found converting prohibited currency notes by receiving money as trapping and deposits back-dated fixed deposits and cheques in spite of how the RBI had prevented them from accepting such deposits.

In accordance with the PMLA, all NBFCs need to appoint a principal officer in the financial institution and report all suspicious and money transactions of Rs 10 lakh and over to the FIU. Section 12 of PMLA additionally needs “every reporting thing to maintain records of all trades and to verify the identity of their clients and their owners in the way prescribed” to the FIU.

These things are also required to maintain records of trades and identity of clients for five decades.

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