Azeem Azhar's Exponential View cover image

Technology and Redistribution of Power (with Yanis Varoufakis)

Azeem Azhar's Exponential View

CHAPTER

Block Chain Mechanisms - How Do They Work?

Block chain could form bedrock of financial and monetary system. Could reconnect people with the central monetary authority of a federal reserve bank. Back in two thousand 15 herein increse in my country, I was a finance man there. The idea was to employ block cain as part of a payment system that would live within the greek tax office. Everybody has a tax file number. Well, i would simply attach an account to every tax file number on the tax offices webside. And the government would be able to give t to poor people 500, a equivalent of dollars. That money couldn't be withdrawn in paper form, because we don't have a central bank and we do not have prites

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