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RE: Should our Central banks Use Cryptocurrencies Like Ethereum And Bitcoin

in #bitcoin7 years ago

It is not so much the banks I wonder about, but the very money system itself and the impact of the Federal Reserve on the World's economy. What will happen when centralized, private, secret sources of wealth and money are replaced by those supported by blockchain technologies that inherently prevent corruption and secrecy? I have heard about these technologies for a while, but I think the mainstream powers understand the game-changing, monopoly destroying impacts of these currencies and technologies, and hence, are staying tight lipped til the bitter end. Whether a new mousetrap will be developed within these systems by banks or if they must submit to playing fair, is yet to be determined. but I somehow don't see how 'business as usual' will be possible for the Big Banks.

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You are totally right... will they submit to fair play or just business as usual