They've been looking into digital currency for a while now.
The Chinese Central Bank could be the first to issue the digital currency. They have invested a lot of resources.
Topic: The Central Bankers’ Bold New Idea: Print Bitcoins (Read 604 times)
The Chinese Central Bank could be the first to issue the digital currency. They have invested a lot of resources.
So the same ponzi fiat shite that we already have except that it has now gone digital? Wearing the outward skin of decentralised innovation is far removed from actually being it, as they will discover the hard way
Quote
When it comes to bitcoin and digital currencies, central banks might be considering the adage: “If you can’t beat them, join them.”
In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own kind of digital currency. Using the U.S. as a case study, they argued it could give a permanent boost to the economy of around 3%, as well as providing policy makers with more effective...
In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own kind of digital currency. Using the U.S. as a case study, they argued it could give a permanent boost to the economy of around 3%, as well as providing policy makers with more effective...
Well this is a good indication for the bitcoin isn't it. The bank sees the potential of it that it can beat the banking industry so they come up to the decision to join it and add it to their services so that, when time comes that the bitcoin is wide-spread and well known around the world, they will not loose their customers.
Yeah this is pretty ridiculous, it's same shit as always: They try to compete against Bitcoin while trying to offer a "Bitcoin without Bitcoin". It's like beer without alcohol. They give you a digital currency without all the stuff that makes Bitcoin relevant (a decentralized network, censorship resistant etc)... when will they learn?
Don't know if you guys have heard about this, it seems banks have started taking Bitcoin a bit more seriously. It is possible that we see banks issue their own digital currency at some point. I haven't had a look at the research paper but from the article it looks like a very interesting proposition.
http://www.wsj.com/articles/the-central-bankers-bold-new-idea-print-bitcoins-1468936751
http://www.wsj.com/articles/the-central-bankers-bold-new-idea-print-bitcoins-1468936751
They are at watch since 2014 and they are already making moves so they can adopt to bitcoin and cryptocurrency economy. They will not just sit behind and wait their doom in the financial economy. They have seen the large profit and the potential of this virtual currency and there is no stopping them to grab that opportunity.
Quote
When it comes to bitcoin and digital currencies, central banks might be considering the adage: “If you can’t beat them, join them.”
In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own kind of digital currency. Using the U.S. as a case study, they argued it could give a permanent boost to the economy of around 3%, as well as providing policy makers with more effective...
In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own kind of digital currency. Using the U.S. as a case study, they argued it could give a permanent boost to the economy of around 3%, as well as providing policy makers with more effective...
They've been looking into digital currency for a while now.
Don't know if you guys have heard about this, it seems banks have started taking Bitcoin a bit more seriously. It is possible that we see banks issue their own digital currency at some point. I haven't had a look at the research paper but from the article it looks like a very interesting proposition.
http://www.wsj.com/articles/the-central-bankers-bold-new-idea-print-bitcoins-1468936751
http://www.wsj.com/articles/the-central-bankers-bold-new-idea-print-bitcoins-1468936751
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