> What Bitcoin really needs is a central bank to stabilize its value. Neither did the U.S. before WWI... Once they added the Federal Reserve they really didn't

> What Bitcoin really needs is a central bank to stabilize its value. Neither did the U.S. before WWI... Once they added the Federal Reserve they really didn't know what they were doing and when the stock market collapsed they raised overnight lending rates and essentially caused the great depression (or made it significantly worse). Point being, although the Federal Reserve may have a better handle on what is going on now, it does not mean that it is necessary for a currency to have a central bank. The author pretty much has no idea what he is talking about.