Bitcoin Forum
May 24, 2024, 03:57:45 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: [2015-05-05] Nestmann - Will Central Banks Abolish Cash?  (Read 390 times)
Black Arrow (OP)
Jr. Member
Offline Offline

Activity: 46
Merit: 1

View Profile
May 06, 2015, 12:21:14 PM

This article by Mark Nestmann is mostly about negative interest rates and the government's incentive to penalize cash, but it does mention Bitcoin as something worth investigating, indicating that Financial repression laws are leading people who wouldn't otherwise be interested in Bitcoin to consider it as a means to avoid repressive laws.

Finally… there’s no question that technologies  that will render obsolete central banks and indeed banks themselves are rapidly advancing. Bitcoin is a great example that’s worth looking into.
Sr. Member
Offline Offline

Activity: 448
Merit: 250

View Profile
May 06, 2015, 01:19:43 PM

I don't think they will abolish it any time soon. Cash still has it's benefits (cash is king as they say), but I certainly think it'll be fased out over time naturally - after all most payments made these days are done with plastic as opposed to cash and the number of these transactions will continue to grow. Hopefully bitcoin will as well but I don't think it'll ever overtake fiat or cash.

Pages: [1]
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!