[2013-12-26] Video - Fed has no interest in stopping bitcoin: J. Lacker said

Lethn

legendary

Activity: 1540

Merit: 1000

Quote from: sedric398 on December 26, 2013, 03:04:38 PM

Why would the FED have anything to do with regulating btc?
I think what they are saying is that there are other institutions who are more fit to do the job.

The Federal Reserve are the ones who print the paper dollar, not congress and they've been controlling things behind the scenes for almost a century now so they often end up dictating monetary policy as well, so Bitcoin is something in direct competition with them and actually threatens their existence.

oakpacific

hero member

Activity: 784

Merit: 1000

Am I the only one who misread his surname as "Lackey"....

bitbouillion

sr. member

Activity: 868

Merit: 250

Lacker: "it's private money"

notthematrix

legendary

Activity: 980

Merit: 1000

CryptoTalk.Org - Get Paid for every Post!

We are all running towards a big Concrete wall and we all know that!
http://www.youtube.com/watch?v=hWtVTu6S51M
bitcoin might be the only way out , don't under estimate the power of evolution!

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

bitcoin is freaking the establishment out ... they are running this way and that like headless chooks.

It's just great to see so many "experts" all getting off script and giving conflicting "messages" ... lol.

Edit: and it is fitting that the Richmond Fed should be giving the "it's free market, bitcoin is private currency, what these guys are doing is okay" ...

... in all essence the Federal Reserve Debt notes are also a private currency, it is just that the boyz from NY-Fed hood-winked the stupid congress into giving them (unconstitutional) quasi-monopoly powers and the force of taxation law to coerce people into using their paper.

sedric398

member

Activity: 71

Merit: 10

Why would the FED have anything to do with regulating btc?
I think what they are saying is that there are other institutions who are more fit to do the job.

Lethn

legendary

Activity: 1540

Merit: 1000

That's insane, now I'm like Ron Paul and wondering why the hell they consider it money and are interested in it so much, is this going to be where they put their money when the dollar collapses and they all run off? I can see how the anonymity would look like a good thing to them.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Fed has no interest in stopping bitcoin: Lacker

http://video.cnbc.com/gallery/?video=3000230342

Topic: [2013-12-26] Video - Fed has no interest in stopping bitcoin: J. Lacker said (Read 950 times)