Post
Topic
Board Economics
Re: What are the odds that the government/banks will truly create their own coin?
by
deisik
on 20/01/2019, 17:11:04 UTC
We've all seen this phrase before: that the government and/or banks will more likely to create their own cryptocurrency, but what are the odds that they really will? How can we be sure that these two sectors will create their own coins eventually and will it even change the game if they do? If they did, will it not threaten bitcoins and altcoins because the common people who haven't heard of bitcoin before might choose to use these bank/government-created coins instead? Do we really need more coins?

You are late to the party, bro (with your topic)

These topics were popular in 2015-2016 when Bitcoin started to rise but hadn't yet risen enough to reveal that it was all hype and speculation. Back then, rumors had been flooding the Net that the Chinese Central bank was going to create their own version of Bitcoin. I told that it made no sense. So if it didn't make sense then, why do you think it makes sense now when Bitcoin is losing value like shit?