Bitcoin could pose threat to financial stability of UK, warns Bank of England - page 2.

Yakamoto

legendary

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Quote from: CryptoCurrencyInc.com on September 12, 2014, 10:39:35 PM

Bitcoin could pose threat to financial stability of UK, warns Bank of England
http://www.theguardian.com/technology/2014/sep/11/bitcoin-threat-financial-stability-uk-bank-of-england

Looks like central banks is in deep water.

Good

Of course it will pose dangers to the stability, it's not part of the great scam that they've created.

However, that doesn't mean it's bad, just not favorable for the banks. Just like how the banks and their inflation is not favorable for the masses.

franky1

legendary

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this is the dis-information you will always see.

such as government health advisers of the 1950's telling people that smoking is good for your health
such as government health advisers of the 2010's telling people that fluoridated water is good for your health

such as banks telling you that buying a share that does NOT change, is a good investment.

think about it. if it does not move then the price you buy at is the same you will sell at. meaning you wont make profit to keep up with inflation.

the real story is that they dont want normal people investing for profit while they themselves cannot secretly use your funds for their own portfolio.

ys there are risks, but putting a $10 bank note into a bank in 1990 which would have bought 12 loaves of bread. can now only buy you 4 loaves of bread, even after yearly interest that banks offer you, you may get 5 loaves of bread.

invest $10 in bitcoin in 2009 you can now cash out $1million. (5 loaves of bread becomes 250,000 loaves of bread)
invest $10 in bitcoin september 2013, now you can cash out atleast $40 (4 loaves of bread becomes 16 loaves of bread)

CryptoCurrencyInc.com

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Bitcoin could pose threat to financial stability of UK, warns Bank of England
http://www.theguardian.com/technology/2014/sep/11/bitcoin-threat-financial-stability-uk-bank-of-england

Looks like central banks is in deep water.

Topic: Bitcoin could pose threat to financial stability of UK, warns Bank of England - page 2. (Read 2811 times)