I am new to Crypto-Currency but this is my synopsis:
When I first investigated blockchain I asked myself who it would create value for. I answered that it would create value if it was inspired by an intelligence agency that wanted to have records of every monetary interaction ever. It would also have value for a Super-Intelligent A.I. Computer that developed time-traveling abilities and was able to incentivize the infrastructure for it’s own creation.
I joke a little bit, but not really. Like most people I am optimistic but skeptical.
Blockchain is a series of computers that all record the same transfer of money. For this reason it is impossible to falsify or forge. It eliminates the problem of double spending created by credit, in which two or more people are spending the same dollar.
Banks that are manipulating currency or are engaged in illegal activities will recognize blockchain not…
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