Bitcoin Forum
February 21, 2018, 06:08:47 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2015-09-18] Bank of England Economist Proposes National Digital Currency  (Read 272 times)
tyz
Legendary
*
Offline Offline

Activity: 1470
Merit: 1003



View Profile
September 19, 2015, 08:01:44 AM
 #1

The Bank of England’s top economist has suggested that a digital currency based on bitcoin could alleviate monetary policy problems.

http://www.coindesk.com/bank-of-england-economist-digital-currency/

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1519193327
Hero Member
*
Offline Offline

Posts: 1519193327

View Profile Personal Message (Offline)

Ignore
1519193327
Reply with quote  #2

1519193327
Report to moderator
1519193327
Hero Member
*
Offline Offline

Posts: 1519193327

View Profile Personal Message (Offline)

Ignore
1519193327
Reply with quote  #2

1519193327
Report to moderator
Carlton Banks
Legendary
*
Offline Offline

Activity: 1918
Merit: 1114



View Profile
September 19, 2015, 09:46:36 AM
 #2

lol

Sterling is already redeemable only as digital tokens, it hasn't been redeemable in silver bullion for the longest time. Maybe there are some analogue vestiges (clearing houses etc), but the idea that these central banks can maintain their present management structure and create competitive cryptocurrency is a complete joke.

Vires in numeris
tiggytomb
Legendary
*
Offline Offline

Activity: 1582
Merit: 1000


DIW


View Profile
September 19, 2015, 09:57:01 AM
 #3

Things are moving in the right direction, there is a lot of talk recently about Bitcoin solving issues.

          ▄▄
        ▄█▀▀█▄
      ▄█▀ ▄▄ ▀█▄
      ▀ ▄████▄ ▀
   ▄▀ ▄ ▀████▀ ▄ ▀▄
 ▄▀ ▄███▄ ▀▀ ▄███▄ ▀▄
█  ███████  ███████  █
 ▀▄ ▀███▀ ▄▄ ▀███▀ ▄▀

   ▀▄ ▀ ▄████▄ ▀ ▄▀
      ▄ ▀████▀ ▄
      ▀█▄ ▀▀ ▄█▀
        ▀█▄▄█▀
          ▀▀
███████████████████████████████████████████████████████████████████
██████▀▀▀▀▀▀▀▀▀▀▀██████████▀▀▀▀▀████▀▀▀▀▀█████▀▀▀▀█████▀▀▀▀▀███████
██████            ▀████████     ████     █████    █████     ███████
██████     ▄▄▄▄▄    ▀██████     █████    ████      ████    ████████
██████     ██████▄    █████     █████    ▀██▀  ▄▄  ▀██▀    ████████
██████     ███████    █████     ██████    ██   ██   ██    █████████
██████     ███████    █████     ██████    ██   ██   ██    █████████
██████     ███████    █████     ██████     █   ██   █     █████████
██████     █████▀    ██████     ███████       ████       ██████████
██████     ▀▀▀▀▀    ▄██████     ████████     ██████     ███████████
██████            ▄████████     ████████     ██████     ███████████
██████▄▄▄▄▄▄▄▄▄▄▄██████████▄▄▄▄▄█████████▄▄▄▄██████▄▄▄▄████████████
███████████████████████████████████████████████████████████████████
.DIWtoken.com.
▄██████████████████▄
███       ▀███████
███       █████████
███       █████████
███       █████████
███              ██
███   ▄▄▄▄▄▄▄▄   ███
███   ▄▄▄▄▄▄▄▄   ███
███              ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
██████████████████▀

▄██████████████████▄
███████████▀ ███████
█████████▀   ███████
███████▀     ██▀ ███
███ ▀▀       █▄▄████
███          █▀▀▀▀██
███ ▄▄       ███████
██████▄     █▄ ▀███
█████████▄   ███▄███
███████████▄ ███████
▀██████████████████▀

▄██████████████████▄
████████████████████
███████████████▀▀ ██
█████████▀▀     ███
████▀▀     ▄█▀   ███
███▄    ▄██      ███
█████████▀      ▄██
█████████▄     ████
█████████████▄ ▄████
████████████████████
▀██████████████████▀
......SECURITY DECENTRALIZED...
Denker
Legendary
*
Offline Offline

Activity: 1232
Merit: 1003


View Profile
September 19, 2015, 11:39:03 AM
 #4

Things are moving in the right direction, there is a lot of talk recently about Bitcoin solving issues.

Not in this article. Here it is written again only about Blockchain technology solving issues.

" a state-backed digital currency based on bitcoin" --> not Bitcoin

"the distributed payment technology embodied in bitcoin has real potential" --> not Bitcoin

"Bitcoin’s 'blockchain' technology" --> not Bitcoin


Furthemore these question they ask themselves shows in which direction they are heading. Meaning centralized controlled digital cash.
Quote
“Whether a variant of this technology could support central bank-issued digital currency is very much an open question,” he said. “So too is whether the public would accept it as a substitute for paper currency. Central bank-issued digital currency raises big logistical and behavioural questions, too. How practically would it work? What security and privacy risks would it raise? And how would public and privately issued monies interact?”
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!