One solution, he said, would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency. Conversely, Haldane suggested that paper money be banned entirely.
Let me sum it up: He wants a state controlled digital currency to enforce any monetary regime that the government chooses to discover near its gluteus maximus.
Not surprisingly, central bankers want 100% dictatorship. So the idea has absolutely nothing to do with Bitcoin as we know it. In fact it represents the exact opposite. Associating it with Bitcoin is cheap ad talk and at the same time an abuse so high on the perversion scale that it can only come from government bootlickers.
Yeah, the real Bitcoin will provide a solution to monetary problem - but in a different way than this sleaze is thinking.
ya.ya.yo!
