Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?
Central banks acts as buffers when situations gets out of control but the question to ask is that, what were they looking at before it got to that point where they have to start talking about revival rather than avoidance. Their argument against bitcoin is something I like to see as mere jealousy and as it relates to financial instability, I don't see how that will happen in bitcoin because the origin of that is spending beyond what you have which personally I don't see it happening in bitcoin or say on a high level.