Post
Topic
Board Bitcoin Discussion
Re: Federal Reserve Bank Of Boston statement!
by
ChiBitCTy
on 24/02/2021, 15:39:30 UTC
Here is the statement from the President of the aforementioned Bank....So he is either purposefully missing the point of Decentralisation or he actually doesn't understand the difference between Bitcoin and a bank implemented cryptocurrency?.....
"I would suspect, down the road, that a number of central banks will have digital currency," he said. "When there is a digital currency available, other than the underground economy, it’s not clear why people would use bitcoin."

There is no question in my mind that he likely has no clue what he is talking about, and he wouldn't be the first person in a position of power, or who has a strong background in finance, that speaks of bitcoin without really having any clue what he is talking about.  Take Warren Buffet for example, he has NO CLUE how bitcoin works ( and has even admitted as much ) but is still considered a genius investor.

He also just might be against bitcoin and what it stands for, therefore he is talking nonsense to try and throw others off.