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Topic: [2015-12-22] Investors are Starting to Recognize Bitcoin as an “Independent .... (Read 365 times)

full member
Activity: 206
Merit: 100
I just don't understand how countries could come up to the conclusion that they can issue a "national" cryptocurrency that is issued by the Central Banks... I mean, technically they can increase and decrease inflation at will and don't need to expend the cost of printing out notes derived in their national currency, so I guess that's a plus for them...

I just don't understand how they are going to run nodes, mine, etc. that's even close in comparison to bitcoin?  It's like trying to reinvent e-mail to people just inside your country, or internet just inside your country, it's pointless... politicians still to this day fail to realize how the internet works, in that it's global and everyone can use it... so to have just their own cryptocurrency is not very smart.

Then again, I wouldn't be surprised if people just follow along with any thing the government tells them to do this day in age... People are such pushovers now and days.

If all the nations can agree with a new currency, they can mine the same currency. If there is unlimited supply, we will not use that currency.
legendary
Activity: 1316
Merit: 1004
I just don't understand how countries could come up to the conclusion that they can issue a "national" cryptocurrency that is issued by the Central Banks... I mean, technically they can increase and decrease inflation at will and don't need to expend the cost of printing out notes derived in their national currency, so I guess that's a plus for them...

I just don't understand how they are going to run nodes, mine, etc. that's even close in comparison to bitcoin?  It's like trying to reinvent e-mail to people just inside your country, or internet just inside your country, it's pointless... politicians still to this day fail to realize how the internet works, in that it's global and everyone can use it... so to have just their own cryptocurrency is not very smart.

Then again, I wouldn't be surprised if people just follow along with any thing the government tells them to do this day in age... People are such pushovers now and days.
legendary
Activity: 1442
Merit: 1016
Investors are Starting to Recognize Bitcoin as an “Independent Currency”

Since the beginning of 2015, an increasing number of central banks and government agencies have begun to show interest in bitcoin and digital currencies. Investment Strategist Philipp Vordran believes that countries are considering turning their currencies into crypto-currencies.

“Countries are thinking about turning their currencies into crypto-currencies. I don’t know if that’s a smart idea. Once customers are used to them they might think about using independent currencies like Bitcoin instead of currencies issued by central banks,” said Vordran.

http://www.newsbtc.com/2015/12/22/investors-are-starting-to-recognize-bitcoin-as-an-independent-currency/


So it is 1 capital maket strategist who see the potential of Bitcoin. At least this is a start.
At the same time this seems to worry guys like him and every financial authority, as they can see their power shrinking when people realize what real money sovereignty and financial freedom is.
hero member
Activity: 574
Merit: 500
Investors are Starting to Recognize Bitcoin as an “Independent Currency”

Since the beginning of 2015, an increasing number of central banks and government agencies have begun to show interest in bitcoin and digital currencies. Investment Strategist Philipp Vordran believes that countries are considering turning their currencies into crypto-currencies.

“Countries are thinking about turning their currencies into crypto-currencies. I don’t know if that’s a smart idea. Once customers are used to them they might think about using independent currencies like Bitcoin instead of currencies issued by central banks,” said Vordran.

http://www.newsbtc.com/2015/12/22/investors-are-starting-to-recognize-bitcoin-as-an-independent-currency/
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