Topic: Federal Reserve starting to think about its own digital currency!!! (Read 206 times)
December 13, 2017, 05:11:45 PM
Noone but banks will care. People are adopting BTC because they realize the old system of money is inherently corrupt. Its not the blockchain that makes BTC great, its the cap on total currency and decentralization, neither of which the fed's digital money will have.
December 13, 2017, 05:03:56 PM
What happens to the bitcoin if this news is real? Think apple amazon eBay accept this fed's coin. Why people continue to buy bitcoin anymore? What you think ?
This was large news before. They made a statement on the things that they are planning to do though nothing really happened over the months.
December 13, 2017, 04:48:46 PM
What happens to the bitcoin if this news is real? Think apple amazon eBay accept this fed's coin. Why people continue to buy bitcoin anymore? What you think ?
You can't compare the two digital money. Bitcoin is decentralized and a way new technology. Digital USD already exists nowdays, but now we call it debit card and credit card. The new digital currency will be only the substitution of the phisycal card to e.g. a mobile wallet app for that digital USD currency. (It means, you won't need a card to access your funds in the bank if you want to withdraw money or pay at a POS terminal. You will be able to use your smartphone to pay or to withdraw). The technology behind is not so interesting for the average joes. They don't care if their payment goes thru a centralized system (VISA, MasterCard, AMEX payment processors' systems) or just uses a blockchain technology. Bitcoin system is totally different, it's not just digitizing the current system, but it's changing the whole process from the beginning to the end. December 04, 2017, 07:55:50 AM
What happens to the bitcoin if this news is real? Think apple amazon eBay accept this fed's coin. Why people continue to buy bitcoin anymore? What you think ?
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