Quote from: ninuplanste on November 08, 2018, 11:01:59 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

There is nothing like having a central bank for cryptocurrency, thats not going to happen. Blockchain is open software and there is no one in control, everyone is in control of their money. If youve read Satoshis definition of cryptocurrency, he said that he wanted to create something that can help people send and receive money without the middleman, so cryptocurrency is like giving you complete freedom over your money and the risk is also on you. So there is no need for any bank.

I agree to that because crypto known as a decentralized which means no one can control to it. Also if Cryptocurrency have central bank then it will change a lot, the essence of being send and receive with out the third party or no middleman, also once we put our crypto in bank it will never be the same especially in transaction. So I think cryptocurrency will never be have a central bank and its impossible to happen.