... good troll or just completely zero clue? hard to say really.
It is not their nature to fully understand how "evil" banks really are, so I would vote for "zero clue".
Topic: [2014-07-15] Coindesk : ING: Future Bitcoin Protocol Should Include Central Bank - page 2. (Read 2179 times)
July 15, 2014, 07:33:07 PM
It is not their nature to fully understand how "evil" banks really are, so I would vote for "zero clue".
July 15, 2014, 07:25:29 PM
Why would one prefer a fiat crypto over a decentralized crypto? Maybe it goes well until the next economic or political crisis and the people in power will throw the algorithm over board just in order to preserve their own power. This happened in history all the time. To prevent abuses by a central power, decentralization is the key.
July 15, 2014, 07:20:09 PM
FAIL!!!! which part of decentralised currency sounds like centralised to them I wonder?http://www.coindesk.com/ing-future-bitcoin-protocol-include-central-bank-functions/
go short ING shares? ... good troll or just completely zero clue? hard to say really.
The only thing we need is bankers to start controlling bitcoin. Imagine, customer comes to the bank to buy bitcoin and is told that his credit rating is not good enough. :-)
July 15, 2014, 06:12:48 PM
The impression I got from the video itself wasn't that they were proposing a central bank for bitcoin, but rather an algorithmic solution for the generation of new coins to match demand. Maybe someone at ING has just patented the idea, but has no idea how to make it happen. If they plant the thought in people's heads, maybe they'll get lucky and someone will code it for them, heh. Whatever their reasons and motives, I have no idea whether such an idea would be feasible. As concepts go, it's actually not that bad. If it was done correctly, it would still be in line with the general ethos of crypto, unless a fixed supply is a sticking point for you as an individual.
July 15, 2014, 05:59:11 PM
I can summarize my feelings regarding this article succinctly in two words:
SCREW That!!!
SCREW That!!!
July 15, 2014, 05:16:41 PM
If that were ever to happen I would divest in a heart beat. No central controlling authority is exactly the reason bit coin works.
July 15, 2014, 03:25:35 PM
Quote
in order to function as efficiently as traditional currencies, a bitcoin algorithm needs to be developed that “smoothly matches money supply and demand”.
"efficiently"… I'm tempted to stop reading at this point.
July 15, 2014, 03:02:38 PM
Buahahaha!
Gee, I wonder who they think should be that bank?
Gee, I wonder who they think should be that bank?
July 15, 2014, 02:59:21 PM
FAIL!!!! which part of decentralised currency sounds like centralised to them I wonder?http://www.coindesk.com/ing-future-bitcoin-protocol-include-central-bank-functions/
go short ING shares? ... good troll or just completely zero clue? hard to say really.
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