is this bad or good news?

[SargeR33]

This kind of attention is good news. They cannot kill bitcoin or replace it. They can produce similar ideas but what could they do that will make ALL btc users throw away the wallet and move across? Bitcoin has extreme potential behind it. Like I saw someone said in a video I watched, if it can be coded then it can be done.

[pooya87]

it is going to draw more attention to bitcoin, and that is going to be good as always. but about replacing bitcoin, i doubt it.

[teukon]

If the FED do create a crypto-currency then it will almost certainly...

• be managed with reference to a neo-Keynesian monetary policy.
• have anti-money laundering and know-your-customer regulations built right into the protocol.
• be intimately linked to the tax system to help catch "tax cheats".

Basically, it would be a less efficient, much less widely-used, and far less private version of the US dollar, a currency that Bitcoin has been competing with favourably for years.

[Kprawn]

It's like trying to re-invent the wheel.... it's already working and accepted... they just adding some new pattern to make it look good.... Let's call it a Dunlop.

These companies do not want to build their business on someone else's invention... they want the claim to fame and brag rights for something someone else invented.

The best of all.... they want to base it on fiat.   {Something that has proven that it's already failing}

[Slunt]

If it's better than bitcoin then it should replace it as its a free market. Will it replace it? I very much doubt it but they are free to try. I look forward to what they try come up with but I think I'll very likely stick with my bitcoin..

[Q7]

I think those familiar in crypto will know what's good and what's bad based on how to differentiate between a true decentralized crypto and another completely centralized. Anyway, what I read about is that the crypto idea was only on IBM's future plan and it doesn't relate to any government involvement thus far.

[tadakaluri]

Finally BITCOIN can Win the Race.

[Sugarape]

it is going to draw more attention to bitcoin, and that is going to be good as always. but about replacing bitcoin, i doubt it.

Any attention on bitcoin is good news in my opinion especially this year when it seems to have fallen pout of the media spotlight, but I don't think this version will replace bitcoin. It'll just be their version of another alt. I would rather them just use bitcoin though.

[asuryan180]

it is going to draw more attention to bitcoin, and that is going to be good as always. but about replacing bitcoin, i doubt it.

To much work has been put into bitcoin to be replaced by a new government issued crypto most people here are and kind of against the govt and its effort to enslave us financially, so the only users i believe it will possibly get are the ones who are only here for a quick buck and do not care for the ideology's most share. Agree that the more they promote against bitcoin the more people it will bring to the doors

[Honeybooboo]

The grapevine has it that IBM and the Fed are “discussing” the matter of creating a national currency based on Bitcoin. The news will be framed, by the mainstream media, in all the piety and reverence it shows when reporting about central banking and multinational corporations. Yet, the kernel of the story will be the “fringey” Bitcoin – now suddenly acknowledged as a concept worth emulating – by a tech giant and the only superpower’s central bank.

Seems like bullshit to me. Based on nothing but a 'grapevine' rumour. I'm sure the government isn't going to be involved in this not is it interested in issuing a national digital currency this way. I think IBM had discussed creating something based on the blockchain tech but as far as it being a currency who knows, but I seriously doubt it would be a threat to bitcoin even if it did happen.

[nextgencoin]

If the FED do create a crypto-currency then it will almost certainly...

• be managed with reference to a neo-Keynesian monetary policy.
• have anti-money laundering and know-your-customer regulations built right into the protocol.
• be intimately linked to the tax system to help catch "tax cheats".

Basically, it would be a less efficient, much less widely-used, and far less private version of the US dollar, a currency that Bitcoin has been competing with favourably for years.

One more time for those who aren't awake. The FED with the Treasury has the ability to mint new money right? So IF they decide to create and use a kind of bitcoin dollar with the ability to increse and decrease the supply as they wish then it doesn't need to 'become popular' it will simply become how dollars will be pushed into the banking system probably alongside 'traditional' avenues which are still digital ultimately. So easily we could have our banks offering a digital dollar account on request, a nice simple wallet and also insurance so no one need ever lose coins. People will be putting these coins on their phones and even RFID chips in somone hand (sounds crazy but its all ready being experimented with) I'm not saying Bitcoin will die im saying the masses could easily bypass it and not know the differnce, I mean most people don't think Gold is money while they do printed pieces of paper with no backing.


Why is no one getting this fact?

[nextgencoin]

The grapevine has it that IBM and the Fed are “discussing” the matter of creating a national currency based on Bitcoin. The news will be framed, by the mainstream media, in all the piety and reverence it shows when reporting about central banking and multinational corporations. Yet, the kernel of the story will be the “fringey” Bitcoin – now suddenly acknowledged as a concept worth emulating – by a tech giant and the only superpower’s central bank.

Seems like bullshit to me. Based on nothing but a 'grapevine' rumour. I'm sure the government isn't going to be involved in this not is it interested in issuing a national digital currency this way. I think IBM had discussed creating something based on the blockchain tech but as far as it being a currency who knows, but I seriously doubt it would be a threat to bitcoin even if it did happen.

HOW WILL THIS NOT BE A THREAT TO BITCOIN, ITS THE FED/CENTRAL BANKS THEY DISTRIBUTE ALL THE MONEY!!!!   

[Honeybooboo]

The grapevine has it that IBM and the Fed are “discussing” the matter of creating a national currency based on Bitcoin. The news will be framed, by the mainstream media, in all the piety and reverence it shows when reporting about central banking and multinational corporations. Yet, the kernel of the story will be the “fringey” Bitcoin – now suddenly acknowledged as a concept worth emulating – by a tech giant and the only superpower’s central bank.

Seems like bullshit to me. Based on nothing but a 'grapevine' rumour. I'm sure the government isn't going to be involved in this not is it interested in issuing a national digital currency this way. I think IBM had discussed creating something based on the blockchain tech but as far as it being a currency who knows, but I seriously doubt it would be a threat to bitcoin even if it did happen.

HOW WILL THIS NOT BE A THREAT TO BITCOIN, ITS THE FED/CENTRAL BANKS THEY DISTRIBUTE ALL THE MONEY!!!!   

ITS BASED ON A BULLSHIT RUMOUR THEY HEARD ON THE GRAPEVINE AND ITS NOT GOING TO HAPPEN AT ALL AND YOU CAN JUST USE REFUSE TO USE IT AND USE BITCOIN ANYWAY. Really no need for the caps.

[Frost]

This is neither a good or bad news. It's an irrelevant news. IBM does always try out new things, however just a minimum of their ideas will ever see the public.

[tadakaluri]

Yes, IBM adopt Bitcoin's technology because of they believe the strategy of "if you can't beat them, then at least nick their tech and build your own"

[Kilkenny]

Anyway is good for the fame of bitcoin spreading ever more

[nextgencoin]

The grapevine has it that IBM and the Fed are “discussing” the matter of creating a national currency based on Bitcoin. The news will be framed, by the mainstream media, in all the piety and reverence it shows when reporting about central banking and multinational corporations. Yet, the kernel of the story will be the “fringey” Bitcoin – now suddenly acknowledged as a concept worth emulating – by a tech giant and the only superpower’s central bank.

Seems like bullshit to me. Based on nothing but a 'grapevine' rumour. I'm sure the government isn't going to be involved in this not is it interested in issuing a national digital currency this way. I think IBM had discussed creating something based on the blockchain tech but as far as it being a currency who knows, but I seriously doubt it would be a threat to bitcoin even if it did happen.

HOW WILL THIS NOT BE A THREAT TO BITCOIN, ITS THE FED/CENTRAL BANKS THEY DISTRIBUTE ALL THE MONEY!!!!    

ITS BASED ON A BULLSHIT RUMOUR THEY HEARD ON THE GRAPEVINE AND ITS NOT GOING TO HAPPEN AT ALL AND YOU CAN JUST USE REFUSE TO USE IT AND USE BITCOIN ANYWAY. Really no need for the caps.

I was questioning you saying IF it happened that it wouldn't be a threat.

It's hardly just a bullshit bitcoin rumor to pump the price when you see the story all over the Internet,

http://www.bnn.ca/News/2015/3/13/IBM-looking-at-adopting-bitcoin-technology-for-major-currencies.aspx

And I personally think even if this story is not true it probably will be in the coming months and years. This is the obvious chess move of the central banks in response to Bitcoin IF it posed any serious threat to their control and monopoly on currencies. To not head on face this event is like putting your head in the sand.

[Snipe85]

You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.

snip.... i'm just a sore loser

Let me guess, your alt coins venture failed miserably so now you're being a hater in here? Get the fck back to your altcoin forum, dumb ass

Haha he's so salty

The community. Hahahahaha sorry that's a good one. So you think .000001 % or less of the world population will drive a new global currency.
(...)
People need to wake the fuck up on this forum.

Because there's no other way for Bitcoin, global currency or death, right? Omg the government will make its own world currency and force everyone to abandon Bitcoin!
You should wake up if you think world will ever accept a global currency in the form of Bitcoin or any other.

[nextgencoin]

You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.

snip.... i'm just a sore loser

Let me guess, your alt coins venture failed miserably so now you're being a hater in here? Get the fck back to your altcoin forum, dumb ass

Haha he's so salty

The community. Hahahahaha sorry that's a good one. So you think .000001 % or less of the world population will drive a new global currency.
(...)
People need to wake the fuck up on this forum.

Because there's no other way for Bitcoin, global currency or death, right?
You should wake up if you think world will ever accept a global currency in the form of Bitcoin or any other.

You mean like the global reserve we have now? Most dollars live their whole life digitally.

I'm pretty sure the world would accept a version of Bitcoin which was a digital dollar used by mobiles etc for payments yeah absolutely and I'm pretty awake.

No one said bitcoin would die, I'm saying its can be bypassed very easily and potentially made illegal.

[picolo]

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

When google created google + it didn't kill facebook, did it ?