Post
Topic
Board Bitcoin Discussion
Re: Central bank power on bitcoin?
by
seoincorporation
on 26/02/2019, 16:20:36 UTC
The discussion on the 2008 financial crisis happening again given we have a digitalised currency was great and I thank you for all who gave their views.

But what do you think the central bank ability is to reduce the effect of the 2008 financial crisis given bitcoin was the main currency?

We know the 2008 crisis was caused because banks give credit to anyone, was easy to banks to invite to each American to their debt so the bubble crash and the crisis come, because all of them spend money they didn't have. And that is impossible with bitcoin. Because as you know bitcoin isn't a debt tool, it's more like cash, so the crisis could be avoided if the main currency were bitcoin in that moment.