Alternative payment networks (gold, digital, etc.) already exist, and new, parallel financial and currency systems are being created to rival the traditional US dollar system.
Sandstone is investing in everything from the material that the blockchain technology requires, to the picks-and-shovels that are required to build it, to the payments systems that use it.
As expected, the Federal budget released yesterday was an election budget. It was a budget with not too many specifics, although large funding was promised for a variety of areas.
The electricity consumed by bitcoin annually is equivalent to the energy needed to provide over 13% of Canada's annual energy needs.
What is MMT? And what are the implications of it in the US?
The year was 2009. The event was OUTLOOK. Our theme was Creative Destruction.