[2016-10-12] Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

[elyas772]

Bitcoin was created by libertarian-minded programmers with a deep suspicion of central banks and the national currencies they issue.

Yet it is central banks that are doing some of the most ambitious work of late in trying to harness the technology introduced by Bitcoin.

The central bankers do not want their institutions to own or use Bitcoin itself. Instead, they hope they can use the decentralized method of record-keeping introduced by Bitcoin — known as the blockchain or distributed ledger — to complete and record transactions in the real economy more efficiently, quickly and transparently.

http://www.nytimes.com/2016/10/12/business/dealbook/central-banks-consider-bitcoins-technology-if-not-bitcoin.html?_r=0

[1714158676]

1714158676

[1714158676]

1714158676

[1714158676]

1714158676

[1714158676]

1714158676

[1714158676]

1714158676

[1714158676]

1714158676

[Karartma1]

"Some critics say the public interest in the blockchain has been all talk and no substance — an easy way for stuffy central bankers to appear hip and relevant."

Blockchain without Bitcoin is nothing but a lot of talk and badge

[Das]

Central banks have been considering blockchain technology for a while now, when are they implementing it?

[aso118]

Central banks have been considering blockchain technology for a while now, when are they implementing it?

Implementing it in the sense of migrating fiat currencies to blockchain? That won't happen.
What they will do use blockchain structure for settlement, or to make sure that notes cannot be counterfeited.

[Goms]

Oh, I see. No wonder they did not talk about issuing their own cryptocurrency.