Topic: Bitcoin could alleviate monetary policy problems? (Read 413 times)
Do not think so either. Bitcoin is just a currency, and if no other currency could alleviate them, Why would Bitcoin?
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One solution, he said, would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency. Conversely, Haldane suggested that paper money be banned entirely.
Let me sum it up: He wants a state controlled digital currency to enforce any monetary regime that the government chooses to discover near its gluteus maximus.
Not surprisingly, central bankers want 100% dictatorship. So the idea has absolutely nothing to do with Bitcoin as we know it. In fact it represents the exact opposite. Associating it with Bitcoin is cheap ad talk and at the same time an abuse so high on the perversion scale that it can only come from government bootlickers.
Yeah, the real Bitcoin will provide a solution to monetary problem - but in a different way than this sleaze is thinking.
ya.ya.yo!
Bitcoin-like currency can alleviate monetary policy problems? Maybe. Bitcoin is naturally against banks interests, but a digital currency could be good for the masses. Imagine all the counterfeit paper money being printed everyday. This couldn't happen with crypto. Also I believe a technology like blockchain can help. With a big, public registry would guarantee transparency.
Banks mostly with have to make alot of adjustment it terms of using a digital currency. Basically it is because they gonna loose control of it.
I don't think so. If they adopted digital currency, they would lose the power of printing money and lose an effective way of adjusting the economy. UK keeps the GPB as their currency and avoids to use EUR even it has joined the Europe.
The Bank of England’s top economist has suggested that a digital currency based on bitcoin could alleviate monetary policy problems. What do you think about that? What is your actual position? Are you agree? Why?
Check the whole article: http://www.coindesk.com/bank-of-england-economist-digital-currency/
Check the whole article: http://www.coindesk.com/bank-of-england-economist-digital-currency/
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