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This seems pretty late in the game. BTC was whitepapered in 2008 and implemented (in code and network) the same year. If the intention of central banks is to "
by thephyber 9y ago
This seems pretty late in the game. BTC was whitepapered in 2008 and implemented (in code and network) the same year.
If the intention of central banks is to "protect peoples' investments", they should have warned about these concerns earlier.
At the risk of using Trump's favorite "ism", Wall Street and central banks don't exactly have a great reputation for "protecting peoples' investments" either. In fact, the EU and the US federal government are enablers of the same crappy behaviors that encourage financial swindling and speculation.
- tehlike 9y agoGranted, they have been warning about it since early days.
- maxander 9y agoI think your two points explain each other- there’s just so much general reckless malarkey going on in finance already, that banks don’t see the point in even thinking about a risk that involves less than half a trillion dollars. Bitcoin isn’t any more volatile than it was, but the potential bust has gotten big enough to garner attention.