Central banks aim to beat bitcoin at own game with rival supercurrency


By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, March 13, 2016

Computer scientists have devised a digital crypto-currency in league with the Bank of England that could pose a devastating threat to large tranches of the financial industry and profoundly change the management of monetary policy.

The proto-currency known as RSCoin has vastly greater scope than bitcoin, used for peer-to-peer transactions by libertarians across the world and beyond the control of any political authority.

The purpose would be turned upside-down. RSCoin would be a tool of state control, allowing the central bank to keep a tight grip on the money supply and respond to crises. It would erode the exorbitant privilege of commercial banks of creating money out of thin air under a fractional reserve financial system. ...

... For the remainder of the report:



Silver Coins and Rounds with Employee Pricing and Free Shipping

Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion Directory.

Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page.

This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping.

So go to --


-- and type "GATA" in the radio box at the top of the page.

Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China


Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore


Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:


Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:


Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:


Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:


To contribute to GATA, please visit: