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You need to read this not as an assessment of merit, but as a strategic outlook. Central banks see crypto as dangerous to the economy and threatening to their p
by brightstep 5y ago
You need to read this not as an assessment of merit, but as a strategic outlook. Central banks see crypto as dangerous to the economy and threatening to their power and their country's sovereignty. Central banks have a lot of power. It stands to reason that they will use that power with the aim of either destroying or co-opting the technology. The merits of cryptocurrency and its underlying ideology are unimportant, because those building and using it (for the most part) and negligible power compared to the institutions it would threaten.