posted on May, 10 2014 @ 04:49 PM
This is one of those things I come across and immediately want to share on ATS. I couldn't find it in the search. I don't believe it's a
solicitation to buy anything. I hope Mods share that view. I've followed Reggie Middleton for a number of years and he's always an independent voice
and a good read. I believe this is a relatively new deal for him.
I'm probably going to struggle with the video so bear with me.
What are we looking at here? An interesting idea for a zero-trust digital payment system that uses any cryptocurrency. It's is apparently novel
enough to (maybe) get a patent?
The idea on it's own is a doozy. A digital payment system that basically, has the potential to eliminate the middlemen from all financial
transactions. Too good to be true and what does disintermediation mean anyway? Removing the middleman (i.e. banks brokerages etc).
This guy's "project" I'm going to call it, creates a zero-trust transaction on a peer to peer basis which has the potential to eliminate a large
chunk of today's financial system. Did that get your attention? I'm bullish on the concept but I'll admit I don't understand all the details.
It looks like something similar to digital wallet offerings but it expands capability into the real of stock, commodity, options & currency exchanges.
I don't know how many people might benefit from that, but it might have the potential to save a lot of the fees you pay brokerages to trade in your
401ks. It could eliminate the need for escrow accounts in real estate transactions. According to the inventor, it is designed to easily convert to and
from fiat currencies easily. It's also designed to facilitate peer to peer credit creation, bypassing the bank. He also described an interesting idea
for hedging volatility in Bitcoin on a peer to peer basis.
It's not entirely clear where this project gets monetized for Mr Middleton. I don't know what he's selling, so I don't consider it a solicitation.
I want to learn more about how our society might reduce or eliminate the giant parasitic corporations currently managing the money system. I think
that's important, how about you ATS?
learn more here