Well, at least they were bright enough to farm out the initial farting around.
Considering it costs them ninety two thousand billion to create a website that shows you the time in the Huddersfield suburbs, I shudder to think how an attempt at a completely new monetary system would end up.
Topic: Central banks beat Bitcoin at own game with rival supercurrency - page 2. (Read 1452 times)
RSCoin, is for Really Shit coin, just like everything UK government tries to do that is IT-related. It will probably cost them billions to create a whitepaper.
the black market which forms 95% of the Bitcoin, it will not switch to anything else if the things will go well with BTC 
BTC is a niche market and nothing more. Once, the main exchangers will be closed one by one(it will surely happens because they are not financial license), the BTC value will go to zero. This will be the "end" of BTC and other e-currency will arise and so on.
BTC is a niche market and nothing more. Once, the main exchangers will be closed one by one(it will surely happens because they are not financial license), the BTC value will go to zero. This will be the "end" of BTC and other e-currency will arise and so on.
A centralised crypto would be a decisive moment in Bitcoin's evolution. It would cast it in a heavenly light.
The present monetary system is an incredible mish mash of dead ends, competing systems and unfathomable layers. Imagine what would happen if a central banker could impose a policy on all money everywhere with a couple of clicks on their office computer.
The present monetary system is an incredible mish mash of dead ends, competing systems and unfathomable layers. Imagine what would happen if a central banker could impose a policy on all money everywhere with a couple of clicks on their office computer.
If people want something centralized, they'd be using FIAT. A centralized crypto currency would destroy the entire purpose of itself.
Exactly, there is absolutely no point behind having a centralized cryptocurrency. It is literally no different than fiat. Every "feature" it has are things already offered by traditional fiat systems, but fiat does it better.
The value is bitcoin should stay none mainstream, anti all government, trusted by open community.
If people want something centralized, they'd be using FIAT. A centralized crypto currency would destroy the entire purpose of itself.
lol. Bitcoin is a "niche for aficionados"...ok sure. Well let's see where this "supercurrency" goes.
anything centralized is not a real cryptocurrency, crypto should be decentralized if you want to beat bitcoin, in the first place
shit coming from bank will never be decentralized, so better to invest in the altsection, than wasting time with a fiat-clone
shit coming from bank will never be decentralized, so better to invest in the altsection, than wasting time with a fiat-clone
Lol what? Anything they are doing is making a bullshit altcoin.
"Its a peter pan system and it does not really grow up" , that comment though. Apparently they haven't heard of consensus or hard forks or even supply and demand for that matter. And don't get me started on the fact that bitcoin can be divided until the satoshis, so its perfectly feasible for each person the planet to have some part of bitoin
"Its a peter pan system and it does not really grow up" , that comment though. Apparently they haven't heard of consensus or hard forks or even supply and demand for that matter. And don't get me started on the fact that bitcoin can be divided until the satoshis, so its perfectly feasible for each person the planet to have some part of bitoin
It seems like it'll be more of a shitcoin as opposed to an actual cryptocurrency, and there isn't enough reason or purpose for anyone to start using this. It is basically a centralised Bitcoin, with a single entity that can alone read the ledger.
I doubt it'll last for long.
I doubt it'll last for long.
Bullish ?
http://www.telegraph.co.uk/business/2016/03/13/central-banks-beat-bitcoin-at-own-game-with-rival-supercurrency/
The fact that the great Ambrose Evans Pritchard has even mentioned the word "Bitcoin" seems so to me. I don't recall him ever having charted these waters.
Bank of England Fiat gets its own blockchain...
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