Post
Topic
Board Bitcoin Discussion
Re: CITIBANK DEVELOPING ITS OWN CRYPTOCURRENCY
by
Kazimir
on 08/07/2015, 10:22:30 UTC
*sigh*

By definition of cryptocurrency, there is no such thing as someone's "own cryptocurrency".


With "its own version of Bitcoin", they probably mean: a Citigroup-controlled clone of a money system whose main property is that it isn't controlled by anyone.

Banks still don't get that this is a contradiction. They can't own or control Bitcoin, and if they create some alternative that they do own or control, it misses the most important, fundamental property of Bitcoin.