cyu@sh.itjust.works to World News@lemmy.mlEnglish · 4 months agoBRICS to launch independent financial systemvovworld.vnexternal-linkmessage-square53fedilinkarrow-up175arrow-down14cross-posted to: [email protected]
arrow-up171arrow-down1external-linkBRICS to launch independent financial systemvovworld.vncyu@sh.itjust.works to World News@lemmy.mlEnglish · 4 months agomessage-square53fedilinkcross-posted to: [email protected]
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up4·4 months agoThat’s sort of what Bancor is, in programming terms you can think of it as a common protocol that you can adapt your currency to, and then it can be used with anybody who’s also implementing this protocol.
minus-squaresuoko@feddit.itlinkfedilinkarrow-up1·4 months agoI wonder what kind of discussions take place when they implement these kind protocols (thinking of swift): we want to avoid dirty money banks? No, that’s ok we decide who can enter this network based on the fee they’ll pay we have to crush any competitors in the world, we’ll deal all transactions, it’s not that complicated, little effort for big control
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up2·4 months agoI think the interesting part with the Bancor approach is that it would avoid a lot of these problems since it’s strictly a settlement currency.
That’s sort of what Bancor is, in programming terms you can think of it as a common protocol that you can adapt your currency to, and then it can be used with anybody who’s also implementing this protocol.
I wonder what kind of discussions take place when they implement these kind protocols (thinking of swift):
I think the interesting part with the Bancor approach is that it would avoid a lot of these problems since it’s strictly a settlement currency.