[2018/07/05]BIS Chief to Crypto Coders: 'Stop Trying to Create Money'

[MoonJeina]

Obviously , This is so expected from the opposition .
This guy has been spreading the negativity and calling out for the cryptos from a  long time . Just a typical criteria of hatred towards something that is  out of their control . A ponzi , A bubble they said , I am sure they will end up using it themselves.

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[veleten]

so funny to hear this coming from a bank representative 
money do not come out of nowhere,seriously? tell it to your colleagues at Central banks all over the world!
the guy is just not amused at the perspective of someone else recieving seignorage money
wars have been started for less,now they simply do not understand who exactly to fight

[gentlemand]

now they simply do not understand who exactly to fight

There's the key to it all.

That is what is so befuddling to them and even more terrifying. It's the purest form of virus that'll carry on creeping towards them no matter what. It amazes me how slow this is to dawn on so many.

[Carlton Banks]

wars have been started for less,now they simply do not understand who exactly to fight

That's the beauty of proof of work, it makes more sense to compete mining than it does to war against the blockchain itself. And the more competitive mining is, the stronger Bitcoin becomes from the cumulative proof of work.

Central banks are missing out every single day that passes on the opportunity to become a significant part of a more powerful system than theirs, and every day they hold off, Bitcoin accumulates just a little more work on it's blockchain and becomes that little bit stronger. Conversely, every day that unpayable sovereign bonds become that little more unpayable, the central banking system gets slightly weaker.