[2015-07-21] Bank of England Says Central Banks Consider Using Blockchain ...

[upsidedown75]

Bank of England Says Central Banks Consider Using Blockchain Technology

The Bank of England has recently stated that central banks consider implementing “hybrid systems” involving distributed ledger technology of the type currently used to record Bitcoin transactions.

http://www.coinspeaker.com/2015/07/21/banks-interested-bitcoin-technology-blockchain-10849/

[Kprawn]

In affect, they are saying.... "We are not innovative enough to come up with our own technology and Bitcoin have no intellectual property right protection and it's cheaper to ripp off the blockchain in comparison to

developing our own unique technology.... So we just change it a little bit, and call it our own.

Let's not forget to sanitize it a little and remove all anonymity and some other features people wanted, when they chose to adopt Bitcoin. We already have a established customer base, so we will provide it as a

NEW service to them and later force it's use with the help of the government.

Let's not forget who nearly screwed us over, with the close call we had with the global economic crysis a few years ago. Do we trust these same people with the “hybrid systems” ....doing this to cut costs, to

increase their own profits?

[okae]

this sounds to me like, "ey, you win, we should use it" and now they want to control it by creating his own blockchain?, did you guys know what will happend if they did it? ppl will start to ask himselft why the hell they are using it and paying to a bank when they can use it for free....

nah, they are fighting for nothing, soon or later ppl will understand it and  change his minds, is a lost fight.