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A central bank may not be necessary if there's an alternative that provides equal or better stability. Bitcoin certainly doesn't provide a stable alternative.
by Brockenstein 9y ago
A central bank may not be necessary if there's an alternative that provides equal or better stability. Bitcoin certainly doesn't provide a stable alternative.
- crusso 9y agoYeah, who knows what entities may arise to support crypto currencies. Perhaps, multiple governments, conglomerates, or cooperatives may participate in stabilizing a crypto currency. Instead of a central bank, a currency may develop a "decentralized central bank" whereby those independent entities take uncoordinated actions to keep a shared currency stable. It's hard to say at this point. We've really only been thinking about this problem for a short while.