Post
Topic
Board Bitcoin Discussion
Re: Do we Need Central Banks?
by
Michal_open_source
on 02/01/2019, 14:21:10 UTC
I say yes..I think that every country should have a central bank. This leads to progress in the country. But if the central bank adopts Bitcoin, So it can be of great benefit to us and we can see a digital world

Yes i too agree on this. Central bank should be there in the country till the fiat currencies are there. Central bank plays good role in deciding the economy of country if they adopt Bitcoin this will be great benefit for making the country towards digital transformation and it will be good for crypto market.


I don't really see a point why central bank would be needed if bitcoin becomes the main means of payment unless you are imagining the system similar to bretton woods where the fiat currency is pegged to bitcoin. Otherwise, we would be fine as in the period in history called free banking where banks were issuing their own currencies.