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Title: [2014-09-12] Bank of England sees Bitcoin fraud risk, deflation danger Post by: cescan on September 12, 2014, 07:25:46 AM http://uk.reuters.com/article/2014/09/11/uk-britain-boe-bitcoin-idUKKBN0H61HL20140911
Bitcoin and similar digital currencies may be at increasing risk of fraud and could damage Britain's economy if they find widespread use, the Bank of England said on Thursday. The BoE said the finite supply of Bitcoins - which are traded between users outside the banking system, and used to buy goods ranging from pizzas to PCs - meant that an economy where they formed the main currency would be at risk of deflation. Title: Re: [2014-09-12] Bank of England sees Bitcoin fraud risk, deflation danger Post by: lihuajkl on September 12, 2014, 08:19:50 AM I think the government are welcome BTC. Some news was published before like Chancellor Osborne commissioned the UK Treasury to produce a program of work on cryptocurrencies. The government are looking ways to stimulate their economy no matter bitcoin or others. But once bitcoin is supported by the government and adopted by most the citizens, the bank will be headache.
Title: Re: [2014-09-12] Bank of England sees Bitcoin fraud risk, deflation danger Post by: notthematrix on September 12, 2014, 10:05:23 AM Defalation is good , thoose who believe in inflation are mad ore suicidal http://www.youtube.com/watch?v=Sqwd_u6HkMo
Title: Re: [2014-09-12] Bank of England sees Bitcoin fraud risk, deflation danger Post by: bitbouillion on September 13, 2014, 06:07:04 AM Inflation keeps the fiat Ponzi running, deflation is it's death ... they only true reason why bankers run their propaganda "inflation is good" and "deflation is bad".
Title: Re: [2014-09-12] Bank of England sees Bitcoin fraud risk, deflation danger Post by: yatsey87 on September 13, 2014, 12:15:49 PM http://uk.reuters.com/article/2014/09/11/uk-britain-boe-bitcoin-idUKKBN0H61HL20140911 Bitcoin and similar digital currencies may be at increasing risk of fraud and could damage Britain's economy if they find widespread use, the Bank of England said on Thursday. The BoE said the finite supply of Bitcoins - which are traded between users outside the banking system, and used to buy goods ranging from pizzas to PCs - meant that an economy where they formed the main currency would be at risk of deflation. I don't see how there's an increasing risk of fraud? Sounds like they're worried to me. What they say is irrelevant anyway because their answer to economic crises is to keep printing more money which devalues the currency. Title: Re: [2014-09-12] Bank of England sees Bitcoin fraud risk, deflation danger Post by: CoinMode on September 13, 2014, 03:37:47 PM Deflation = Always Bad
Inflation = Always Good "The Dogma of the Plutocrat for the Express Purposes of Oppressing the Plebeian" When are these dinosaurs going to finally just go extinct forever? Title: Re: [2014-09-12] Bank of England sees Bitcoin fraud risk, deflation danger Post by: Pingu on September 14, 2014, 04:24:16 PM Maybe the bank of england should look at the fraud risk of fiat and all the bankers commiting fraud everyday.
Title: Re: [2014-09-12] Bank of England sees Bitcoin fraud risk, deflation danger Post by: notthematrix on September 14, 2014, 05:00:06 PM thoose who believe in inflation are eigher mad or suicideal!
https://www.youtube.com/watch?v=Sqwd_u6HkMo |