“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,”
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.
