Post
Topic
Board Economics
Re: Why Bitcoin is ultimately doomed to fail (not today or tomorrow)
by
deisik
on 02/12/2013, 09:26:08 UTC
He can only be a central bank if he uses his BTC to pay off government officials to get him special privileges. In a Bitcoin world, there is no central government, or only very weak ones.

If there is no central government or any other body that would explicitly prohibit him doing so, he has a free hand to do anything with his bitcoins including introduction of his own debt money covered to a degree by his Bitcoin reserves (what FRB is about)...