The BIS thinks that the decentralised nature of cryptocurrencies is a weakness rather than a strength.
A bank thinks that a decentralised currency is bad, to the surprise of nobody.
I hope Bitcoin does die a death so some of the better coins can finally be freed up and untied from BTC value, but I don't see it happening. I love how this article glosses over the fact that the value is still insanely high in comparison to a few years ago.
>The BIS thinks that the decentralised nature of cryptocurrencies is a weakness rather than a strength.
A bank thinks that a decentralised currency is bad, to the surprise of nobody.
I hope Bitcoin does die a death so some of the better coins can finally be freed up and untied from BTC value, but I don't see it happening. I love how this article glosses over the fact that the value is still insanely high in comparison to a few years ago.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.
A bank thinks that a decentralised currency is bad, to the surprise of nobody.
I hope Bitcoin does die a death so some of the better coins can finally be freed up and untied from BTC value, but I don't see it happening. I love how this article glosses over the fact that the value is still insanely high in comparison to a few years ago.