Quote from: befriendmywater on September 24, 2018, 04:10:23 AM

Quote from: GymClassHeroes on August 30, 2018, 10:56:49 PM

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

that's the truth. We should know that blockchain technology is very useful and it is helping many businesses to do better. The bank is gradually trying to apply this technology to make every transaction faster and more convenient.

Over time, it has always been believed that the banks will definitely find a way to adapt to the space and be able to find a way they can at least take advantage of the benefit that the technology brings not just for the banks, but at least, the whole country as a whole.

However, this does not change the fact that the banks will always want to be in control, and hence, the whole idea of trying to come up with some central bank for cryptocurrency is B.S., which can simply work with only whatever they create anyway.