Topic: [2015-11-16] CD: Bank of Canada: Bitcoin Could Create 'New Monetary Order (Read 438 times)
November 17, 2015, 02:14:51 AM
If the Canadian government realizes the benefit of bitcoin and can promote the usage of bitcoin, that is very good for the economy in Canada. It can encourage the research of bitcoin related technologies and the start up companies relating to bitcoin, Canada could be in forefront of bitcoin adoption and leading the revolution.
November 16, 2015, 04:00:15 PM
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Wilkins pointed to bitcoin as part of a landscape of alternative financial technologies and concepts that she said are pushing more and more financial activity "outside the traditional financial sector"
Well I guess that is what we are looking for!
Making central banking becoming obsolete over the next few decades.The financial sector will change drastically and these dinosaurs can't do anything to stop it.
Enough with "economic stimulus" aka printing as much as money as needed and robbing the people blind.
November 16, 2015, 03:58:42 PM
Funny how they're just realizing this now 
It's possible that increasing world-wide war might help to take everyone's minds off the fallout. Funny how things turn out. Not looking forward to it altogether.
November 16, 2015, 03:40:31 PM
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This would create a new dynamic in the global monetary order, one in which central banks would struggle to implement monetary policy.
They say this as if they are currently able to implement monetary policy. Central banks around the world is starting to run into walls as far as their monetary policies are concerned as they no longer have the effects they used to have meaning that they are running out of 'tools' to use to 'manipulate' the markets.
Bitcoin and or blockchain currencies cannot be blamed for this, they only have themselves to blame. If you manage the economy like a neanderthal then you should not be surprised if people move on to other 'currencies' which are worthy of their trust.
November 16, 2015, 03:23:06 PM
Funny how they're just realizing this now
November 16, 2015, 02:14:31 PM
Central banks would “struggle” to implement monetary policy if digital currencies become more widely used, according to a Bank of Canada official.
http://www.coindesk.com/bank-of-canada-chief-bitcoin-monetary-policy/
http://www.coindesk.com/bank-of-canada-chief-bitcoin-monetary-policy/
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