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Title: [2015-11-14] The Bank Of Canada Is Siding With Bitcoin Post by: tyz on November 14, 2015, 01:21:20 PM The Bank of Canada has stated they are starting an initiative to look into changing their monetary policies. The central bank’s second in command Carolyn Wilkins had some encouraging words to say about Bitcoin.
http://bitcoinist.net/bank-canada-siding-bitcoin/ Title: Re: [2015-11-14] The Bank Of Canada Is Siding With Bitcoin Post by: RustyNomad on November 14, 2015, 02:22:13 PM Quote “We have to envisage a world in which people mostly use e-money, perhaps even one that’s not denominated in the national currency, like Bitcoin,” Quote The second in command at the Bank of Canada says these kinds of new dynamics in global monetary order would be a change from the current ways the central banks handle things. Wilkins says, “central banks, quite frankly, struggle to implement monetary policy.” Seems like Carolyn Wilkins is very open minded and as not as far removed from reality as most bankers and or central bankers. Most bankers and central bankers cannot state quickly enough that bitcoin is something that will not be around for long and or that people should stay away from it so its refreshing to hear about a banker who is actually in touch with reality and who can clearly see the possibilities of the disruption that bitcoin will bring. We need more bankers to think on this level but I'm afraid that very few of them do. Or maybe they do, they just do not want to admit it and or admit that their present way of doing things are flawed on so many levels. Title: Re: [2015-11-14] The Bank Of Canada Is Siding With Bitcoin Post by: tyz on November 15, 2015, 02:22:18 AM We need more bankers to think on this level but I'm afraid that very few of them do. Or maybe they do, they just do not want to admit it and or admit that their present way of doing things are flawed on so many levels. The thing is, when central bankers are starting to accept crypto coins then they lose control over a mighty tool. They prune their own power. Who will do this freely? Title: Re: [2015-11-14] The Bank Of Canada Is Siding With Bitcoin Post by: maku on November 15, 2015, 08:43:12 AM We need more bankers to think on this level but I'm afraid that very few of them do. Or maybe they do, they just do not want to admit it and or admit that their present way of doing things are flawed on so many levels. The thing is, when central bankers are starting to accept crypto coins then they lose control over a mighty tool. They prune their own power. Who will do this freely? If they are willing to take a look at bitcoin in more open way than most of the other national banks that is great news. Title: Re: [2015-11-14] The Bank Of Canada Is Siding With Bitcoin Post by: BitmoreCoin on November 15, 2015, 12:01:20 PM If the Canadians study more about bitcoin and find its use in real life economy, they will find the benefit of bitcoin. If it is adopted in Canada earlier than other nations, they might have some competition edge.
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