Post
Topic
Board Bitcoin Discussion
Re: chief economist Bank of England: we need adopt a digital currency like Bitcoin
by
dothebeats
on 21/09/2015, 07:37:20 UTC
Bank of England's chief economist says we may need to cut interest rates even further and adopt a digital currency like Bitcoin.

http://citywire.co.uk/money/uk-could-adopt-bitcoin-with-negative-interest-rates/a843076

This is a sign that digital currency mainstream adoption is being consolidated. But once the governments start to use digital currencies won't they make their own digital currency instead of adopting bitcoin?

Why make there own when Bitcoin is already built and used all over the world.

Also the UK could easily buy all bitcoins as its worth 3.3b right now which is not much for a whole country.

They can't just do that. Also, I don't think that a centralized currency and block chain ledger would actually work out pretty well. Sure they might be considering the use of bitcoins, but to what extent? How are they going to use bitcoin and to what matter?