Post
Topic
Board Bitcoin Discussion
Re: Many national central banks plan to launch digital currency. What do you think?
by
audaciousbeing
on 05/12/2017, 16:46:28 UTC
In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency, Do you think these digital currencies are similar to bitcoins?

Of course countries are expected to take line of action because as civilization is advancing so also are countries moving and for those who are very active about the future, they are taking the lead. For me, what they are doing is trying to fit their own objective into the objective of bitcoin and see where they align. One of those places is in the area of cashless economy which is one thing banks all over the world have been trying to push to their citizens. If teeming youth population are now going the way of crypto currency which is purely electronic, then its only fair to key into such objective.

I can say they are similar to bitcoin because they are both digital but not the same because one unique advantage bitcoin would have over others would be the anonymity and decentralization which the ones backed by government banks will never have.