Post
Topic
Board Bitcoin Discussion
Re: ‘Bitcoin Is Not Money’ Because We Cannot Print It – Banks
by
posi
on 21/03/2019, 07:18:54 UTC
Central banks are trying to put bitcoin in their definition of money and it doesn't work and will never work.
Their definition of money is stuck in the 20th century. We shouldn't worry about it and move on and the definitions will have to be changed in time. When people were travelling on horses and shooting bows there were many laws that later changed or became forgotten when they didn't do those things anymore.

It's more than money even other people thought it didn't work. This has been proven for years and it sustained a strong foundation despite of fud and fake news circulating, which competition tried to pull btc down. Bitcoin is a form of digital money and not in a physical form, which you can use it though web network. It can only be appreciated through modern gadgets like phones and computers, you can use this asset using this technology gadgets.
I agree to it for me bitcoin is an digital asset which is why bitcoin is created to use it in web and transact virtually. I don't think central banks are against with bitcoin they do not just want to lose money since bitcoin has a flaws because the value of it goes up and down they want a stable price of it like the money currency it don't up high or down like bitcoin. The stability of their investment are what they wanted.
Although, we have some countries which their Senior banker supported Bitcoin but they are few in number with t his you're wrong when you said you don't think the Central Banks are against Bitcoin because if they are not they ought to work with the Bitcoin community and fix the flaws involve in crypto. Mind you, the up and down trend of Bitcoin is not flaws but the concept which Bitcoin was built on. However, no currency can ever be stable because fiat money also loose value either, while Bitcoin usually come back strong, why do they have complaint?