[2016-06-07] Bitcoin May Soon Be Challenged by Central Banks' Digital Currencies

[sirohige]

Coppola begins the article explaining how bitcoin and the blockchain work and how bitcoins are created through mining. She noted that as the energy cost for mining bitcoin has increased, many are wondering if there could be more productive uses for the energy.

Because bitcoin transactions are recorded on all computers in the bitcoin network, the currency is less anonymous than physical cash and more like an international payment system.

The peer-to-peer nature of bitcoin appealed to people in the wake of the 2008 financial crisis. People adopted it as a symbol of new technology that could save a broken financial system. Investors had grown concerned about the central banks’ quantitative easing.


https://www.cryptocoinsnews.com/amex-bitcoin-central-banks-ed/

[BellaBitBit]

I don't think so, they can certainly try though.  These articles are constant about how so and so is going to start their own digital currency.  I think Russia was going to create their own about a year ogo . . . good luck.

[Kprawn]

A typical example of a Ethereum hype article... it starts out stipulating ALL the bad things about Bitcoin and then pitching Ethereum as the answer to all of these problems. I am sick of this Ethereum

pumpers masquerading Ethereum as the ultimate solution and the preferred Crypto currency for banks. Ethereum CANNOT compete with Bitcoin, even if you hype it to Hell and back. If banks wants to

use Ethereum as the solution to their problems, then there are a hidden agenda and nobody wants to acknowledge that.. We have seen what the banks have done to the economy, now you want

Bitcoin to be part of that? No thanks.