Post
Topic
Board Bitcoin Discussion
Re: Private digital currency like bitcoin is a threat central bank digital currency
by
Swisscoinex
on 14/12/2016, 05:39:46 UTC
Of course it's a threat. Anything that the central bankers can't control and that can be used to transfer or store monetary value is a threat to the financial system that's been in place for decades.

Some revealing quotes:

Quote
Private digital currency is not endorsed by national credit therefore not a real currency

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private digital money supply is relatively fixed, which is difficult to adapt to the needs of modern economic development

Of course they would rather like to inflate it to the moon, as they do with fiat.