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Topic: [2015-05-07] Investopedia: Can Bitcoin Kill Central Banks? (Read 341 times)

legendary
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Can Bitcoin Kill Central Banks?

http://www.investopedia.com/articles/investing/050715/can-bitcoin-kill-central-banks.asp

Quote
Bitcoin is a digital currency that, in the words of its sponsors, “uses peer-to-peer technology to operate with no central authority or banks.” By its very definition Bitcoin seems well positioned to kill off central banks. Could it? Would it? Should it? Like just about everything else involving finance, the topic of central banks and their potential replacements is complex with valid arguments for and against.
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