chief economist Bank of England: we need adopt a digital currency like Bitcoin - page 2.

Snoopy1

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Quote from: Blawpaw on September 20, 2015, 02:25:00 PM

Quote from: saturn643 on September 20, 2015, 01:45:15 PM

Bank of England's chief economist says we may need to cut interest rates even further and adopt a digital currency like Bitcoin.

http://citywire.co.uk/money/uk-could-adopt-bitcoin-with-negative-interest-rates/a843076

This is a sign that digital currency mainstream adoption is being consolidated. But once the governments start to use digital currencies won't they make their own digital currency instead of adopting bitcoin?

Why make there own when Bitcoin is already built and used all over the world.

Also the UK could easily buy all bitcoins as its worth 3.3b right now which is not much for a whole country.

Blawpaw

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Quote from: saturn643 on September 20, 2015, 01:45:15 PM

Bank of England's chief economist says we may need to cut interest rates even further and adopt a digital currency like Bitcoin.

http://citywire.co.uk/money/uk-could-adopt-bitcoin-with-negative-interest-rates/a843076

This is a sign that digital currency mainstream adoption is being consolidated. But once the governments start to use digital currencies won't they make their own digital currency instead of adopting bitcoin?

countryfree

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Your country may be your worst enemy

Don't get too excited! The guy is just looking for a way to impose negative interest rates. This isn't a valid motivation to use BTC in my book. That's the problem of central bankers, they don't think like the rest of us.

feverpitch

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I think BTC will start really taking off once it gets rolled into popular ETFs and Mutual Funds.
Looking forward to that day!

Mickeyb

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Move On !!!!!!

Quote from: saturn643 on September 20, 2015, 01:45:15 PM

Bank of England's chief economist says we may need to cut interest rates even further and adopt a digital currency like Bitcoin.

http://citywire.co.uk/money/uk-could-adopt-bitcoin-with-negative-interest-rates/a843076

Of course, they will not adopt Bitcoin but rather, they would issue their controlled, centralized crypto currency.

"One idea, Haldane told an audience of business owners in Northern Ireland, could be to scrap cash and adopt a state-issued digital currency like Bitcoin".

Now they see that they don't have a chance against crypto wave so they have decided to fight it with a plan B. They will issue their centralized tokens and market them as better than Bitcoin.

saturn643

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Bank of England's chief economist says we may need to cut interest rates even further and adopt a digital currency like Bitcoin.

http://citywire.co.uk/money/uk-could-adopt-bitcoin-with-negative-interest-rates/a843076

Topic: chief economist Bank of England: we need adopt a digital currency like Bitcoin - page 2. (Read 1525 times)