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Title: [2016-04-03]The Bitcoin Standard Would Bring An End To Central Bank Lending Post by: Blawpaw on April 03, 2016, 07:16:26 PM The Bitcoin Standard Would Bring An End To Central Bank Lending
While banks will never fully embrace Bitcoin as we know it today, there is no reason for blatant disrespect of this popular digital currency either. Bitcoin has become increasingly popular over the past few years, and that has been a thorn in the side for banks, as digital currency is direct competition for the centralized banking system. Comparing Bitcoin to gold is great, but in the end, ultimately futile, and based on a few misunderstandings. While it is true the total supply of gold cannot be manipulated by central banks, the majority of this precious metal is stored in bank vaults. Moving funds out of that fault requires time and a lot of paperwork, giving banks a way to exert control over the availability... continue to read (http://www.newsbtc.com/2016/04/03/bitcoin-standard-bring-end-central-bank-lending/) |