Peter Thiel (member of President-Elect Trump’s Transition Team): “It becomes a threat to fiat money at a point where Bitcoin is encrypted in such a robust way that the tax authorities can’t break the encryption, can’t tell how much money you have, and what transactions you are doing.” [x-post]

Peter Thiel (member of President-Elect Trump's Transition Team): "It becomes a threat to fiat money at a point where Bitcoin is encrypted in such a robust way that the tax authorities can't break the encryption, can't tell how much money you have, and what transactions you are doing." [x-post] submitted by /u/eragmus
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Bitcoin

R3, 8 Member Banks Test Intel Blockchain Prototype

  A group of 8 banks from the R3 blockchain consortium have successfully tested a blockchain prototype developed by Intel by simulating bond transactions. Picking US treasury bonds as the instrument, New York-based private blockchain startup R3 and eight of its member banks from its larger consortium put to test a technology developed by Intel, […]

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R3 Blockchain Consortium Includes Second Chinese Member

The private blockchain consortium led by blockchain technology startup R3 has added its newest member in China Merchants Bank, a Chinese banking giant. Guangdong-based China Merchants Bank (CMB), the first commercial bank wholly owned by corporate legal entities in China is now the second Chinese member to join the R3-led banking blockchain consortium. As of […]

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