Quote from: Denker on September 21, 2015, 09:24:20 AM

Quote from: Mickeyb on September 20, 2015, 06:55:08 PM

Quote from: saturn643 on September 20, 2015, 06:45:15 PM

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

Of course, they will not adopt Bitcoin but rather, they would issue their controlled, centralized crypto currency.

"One idea, Haldane told an audience of business owners in Northern Ireland, could be to scrap cash and adopt a state-issued digital currency like Bitcoin".

Now they see that they don't have a chance against crypto wave so they have decided to fight it with a plan B. They will issue their centralized tokens and market them as better than Bitcoin.

To scrap cash and issue a government controlled digital currency is the worst nighmare I can think of.This means total control for them. Every tiny transaction you will do is trackable and contrallable. No no no! They will be able to freeze your payments and close your accounts at any time. They can force you how to spend your money, where to spend your money.You can get forced to spend your money, saving and hoarding could be restricted.No no no!

No, no, no! indeed. It still surprises me how many people still do not grasp the basics of bitcoin. It is about no control at all by any centralised institution. A beginning of decentralisation and liberation of bureacracy. Away with all the meddling middle men, institutions gaining control over the most simple things, making them too complex and trying to make some profit along the way so next to nothing is left from what we worked for so hard.

It is a revolution of the economic slavery that has been dictated to us. We are no longer controlled, but we are in control. The free market was never free, it was centralised and controled, we are making the first steps to a new world, a new economy which is a truly FREE market.