Quote from: Quinn on October 19, 2015, 03:18:32 PM

Quote from: Huobi-USD on September 21, 2015, 07:23:32 AM

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

I think paper money would not be obliterated. What government would want to use something that they do not have control over?

this isn't paper money vs bitcoin is paper money vs fiat and bitcoin maybe

government has all the right to kill paper money, because for them it has the same issues of bitcoin and some other like counterfeiting