How the world can be saved:
Long ago, people bought and sold things face-to-face. A pair of shoes was bought from the shoe shop, paid for by cash and later by plastic card. Then came the online retailer, making it possible to buy things from far way without knowing the seller.
As technology advanced this method has changed. Today, you can buy something from China without ever knowing the seller, which opened the door for fraud. For example when you buy a stock, how do you know the seller actually owns the stock? How do you know he won’t take your money and run? And how does he know you’ll actually pay for the stock?
Today’s financial transactional system is not as strong as people think it is, as these transactions undergo a clearing procedure. Blockchain can replace this procedure, which makes transactions faster, cheaper, and more secure.
This blockchain payment system is the closest thing to digital cash; blockchain is the technology behind bitcoin. Bitcoin might fail but the blockchain is here to stay, as blockchain is not bitcoin. – Unlike bitcoin, blockchain is not a currency, and it’s not money. It’s a technology that’s going to change the way people buys and sells things. It’s more secured, cheaper, and far more reliable than any system of payment system that exists today – including cash, checks, and credit cards.
Soon, people will use blockchain to buy a car, TV-set, stocks, bonds, or real estate. Blockchain is an “open ledger.” It keeps track of transactions, just like an old-fashioned ledger on a clerk store’s worktop. But his ledger is only for him to see, but not by the paying customer, in other words not equally secure for both transaction partners.
An open ledger is different. It’s visible to everyone involved in a transaction. Buyers, sellers, regulators, and anyone granted access could see the ledger. Plus, everyone involved in the transaction has their own copy of the ledger on their computer, and all copies must agree. This prevents stealing or fraud.
As an example when a pair of shoes is bought by using blockchain, both buyer and seller “transmit” the transaction over the Internet. Everyone updates his or her copy of the ledger for this transaction, and then all parties compare ledgers. When there’s disagreement about the content, the most shared ledger is accepted as the “truth,” and the transaction becomes permanent. The ledger record cannot be changed unless all parties in the transaction agree to it; this whole process would take less than a minute.
Decentralised payment system:
With blockchain, no central authority or group can manage or manipulate a transaction. And no one can steal things that are secured by blockchain. Not thieves, hackers, or even the government. This blockchain system is incredible secure, which makes it so remarkable.
In 2013, the U.S. government tried to seize over 600,000 Bitcoins worth over $100 million. The Department of Justice claimed the owner of these Bitcoins was breaking the law. However, because Bitcoins are built on blockchain technology, the Bitcoins were worthless to the U.S. government. Only the owner could sell or spend them. If he didn’t agree to the transaction, they could not be sold or spent.
To recapitulate; a blockchain is a public ledger of all transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order. Each computer connected to the network using a client that performs the task of validating and relaying transactions gets a copy of the blockchain, which gets downloaded automatically upon joining the network. The blockchain has complete information about the addresses and their balances right from the origin of a block to the most recently completed block.
A block is the ‘current’ part of a blockchain, which records some or all of the recent transactions, and once completed goes into the blockchain as permanent database. Each time a block gets completed, a new block is generated. There are a countless number of such blocks in the blockchain.
The blocks are not randomly placed in a blockchain; they are linked to each other – like a chain – in proper linear, chronological order with every block containing a ‘hash’ of the previous block. – The blockchain is a public; transparent ledger that provides a chain of transactions, which is secure and reliable.
Difference with conventional system:
In analogy with conventional banking, the blockchain is like a full history of banking transactions. Transactions are entered chronologically in a blockchain just the way bank transactions are. Blocks, meanwhile, are like individual bank statements. All participants in the system share the blockchain database. The full copy of the blockchain has records of every transaction ever executed. It can thus provide insight about facts like how much of something belonged a particular address at any point in the past. Because a block can only reference one previous block, it is impossible for two chains to merge.
Various institutes are considering and studying this technology for final application. So has the Commonwealth Bank of Australia joined a consortium of global banks that have already tested a blockchain to transfer value between each other.
“It is clearly, in very clear terms, faster, cheaper and more transparent than some of the existing practices we have today,” says CBA’s chief-information officer David Whiteing.
Further the Australian Securities Exchange is building a blockchain to test whether the technology will replace its existing settlement systems, moving them close to real time.
“Every now and then, something comes along that might just change everything. And this is one of those moments,” says ASX chief executive Elmer Funke Kupper. The potential cost savings from blockchain have been noted at the very highest levels of Australian finance.
Bitcoin might fail but the blockchain is here to stay:
Bitcoin could end up being the MySpace of crypto currency, but the underlying technology powering new payment methods is here to stay.
Here the use of cases explained in this video, by Brock Pierce in the first 5 min.
How the world can be saved:
The groundswell of angry Americans is unlike anything anyone has seen in their lifetime. Expect some sort of truth bomb to be dropped that pulls the rug out from under the dollar and the financial system.
The “truth” can be any one or all topics. Does the West have any gold of substance left? Who are the real assassins of President John F. Kennedy? Are there false flags, or real terrorism? Is the West bankrupt financially? Birth certificate? 911? There are paper trails to almost all finance, showing who have been bought and paid for? Which brokers were involved? Audit the Fed? The Treasury? The bottom line is this, the whole system is a Ponzi scheme and people are beginning to sense this, what if a “truth bomb” proved this either directly, or indirectly by making the system to fall?
Than Donald Trump poses a huge risk to the “elite’s establishment” and is the only outsider left in the election campaign in the US. He is an absolute threat to the status quo in a country that is being milked on a daily bases with its entire treasury being stolen. “They” will it make as hard as possible for him to become President. They already have planned his assassination. Any “outsider” who comes in and interrupts this process is just plain bad for their “profits”!
The Cabal are going all-out to try to take Trump down, even more now Trump has taken the Republican parties’ leadership position in the Presidential Elections, ‘they’ essentially have lost. Years and years of screwing the People can come to an end and a new era of growth and prosperity could begin.
If Donald Trump does not accumulate 1,237 delegates before the convention, then America would be headed for what is known as a “brokered convention“. The rules are very complicated, but the key thing to remember is that the delegates are only bound for the first vote. After that, they can vote for whomever they want. And eventually torpedo Trump’s chance to participate in the election.
After watching this and the following video, if you do not grab yourself and your neighbours to go out and vote Trump – then you are neither Americans nor Patriots – you are traitors.
If not convinced, by whom and how the world is manipulated for hundreds of years, take your time to watch this self-explanatory video.
The battle lines are drawn in making an effort towards saving the world from these evil, despicable Satanists that care nothing for you.
The election in America this time is important for the whole world, because it offers the means for a clean sweep for the rest of the world, especially Europe and Japan, too! Watching these two short videos and having understood what we have been had for hundreds of years. – Now it will be clear to all of you that we the people have a real chance to take all this back. – Please do so and take it back NOW in the interest of humanity and all generations to come.
“He didn’t belong to the secret society”
Newt Gingrich on why GOP establishment hates Trump
Donald Trump is not Illuminati Member admits Newt Gingrich! He “Hasn’t been through initiation rites”
Newt Gingrich, the former speaker of the house says the Establishment see’s Donald Trump as a threat because, “He’s an outsider. He’s not part of the club. He’s uncontrollable. Hasn’t been through the initiation rites. He didn’t belong to the secret society.” – Media analyst Mark Dice explains the implications of this startling revelation.
George Herbert Walker Bush said in 1992:
“If the American people ever find out what we have done, they would chase us down the street and lynch us.”
Now people have got the opportunity just to that!