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Author Topic: 2014-09-12 CoinFinance: Bank of England Releases New Bitcoin Study  (Read 1065 times)
knickerbacher
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September 12, 2014, 08:14:22 PM
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CoinDesk reported on September 11, 2014, on a new report about Bitcoin that came from the Bank of England, the central bank that controls the monetary policy of the entire country of England.

This report was the second part of a two-part study done by the Bank of England on Bitcoin and digital currencies in general. In the first part of the study, the Bank determined that Bitcoin was a commodity.

The Bank of England said that, ultimately, Bitcoin was an incredibly innovative technology, but that there was no way that Bitcoin could ever operate on a wide scale. The new study cited old clichés posited by many Bitcoin skeptics in the past; the Bank said that price volatility and the risk of diminished returns for Bitcoin miners contributed to an instability in the digital currency that would prevent it from becoming a primary method of payment.

http://www.coinfinance.com/news/bank-of-england-releases-new-bitcoin-study
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September 12, 2014, 10:02:25 PM
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Good. As long as they keep thinking that, we're laughing. Famous last words: "it'll never catch on".

B of E  = Numpty.

-- Smiley  Thank you for smoking  Smiley --  If you paid VAT to dogie for items you should read this thread:  https://bitcointalk.org/index.php?topic=1018906.0
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