Many observers of financial technology have offered interpretations and discussion of potential use cases of programmable money.2 While such references to programmable money typically describe it as being enabled by distributed ledger technology (DLT) or blockchain systems, this is not universally the case, and the term remains ill-defined.3 Two natural components of the definition are a digital form of money and a mechanism for specifying the automated behavior of that money through a computer program (this mechanism is termed "programmability" in this note). However, it is not clear whether these components alone are sufficient for a definition, given that various combinations of similar technology for payments automation have existed for decades. It was only after the advent of public blockchain cryptocurrencies that the term "programmable money" became common parlance.4 So what is it about these new systems that has prompted the recent spate of references to the term, and does the answer somehow imply that DLT has to be a part of any "programmable money" system?
By Parminder Jeet Singh, The Hindu 3 Jan, 2022. Why legalising crypto assets is dangerous. It is true that India’s decision alone would not determine this issue. But with China having already banned crypto, what India decides at this stage would count for a lot.
Parminder Jeet Singh works with the Bangalore-based NGO IT for Change
Reuters , By Jemima Kelly | LONDON, Sept 29, 2015
Thirteen top banks, including HSBC and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is working on a framework for using blockchain technology in markets, a spokesman for the firm said on Tuesday.
A currency war has been declared, ensuring that the U.S. dollar, Euro, Yen and many other state currencies are linked in a suicide pact. Printing money and endlessly expanding debt are policies that will erode the underlying value of every dollar in people’s wallets, as well as digital funds in their bank accounts. This new war operates in the shadows of the public’s ignorance, slowly undermining social and economic stability through inflation and other consequences of central control. As the Federal Reserve leads the rest of the world’s central banks down the rabbit hole, the vortex it’s creating will affect everyone in the globalized economy
A key element of the Fair-Coop vision is a cryptocurrency, Faircoin, which has been designed to adapt the block-chain technology of Bitcoin with a more socially constructive design.