Post
Topic
Board Bitcoin Discussion
Re: Federal Reserve Bank Of Boston statement!
by
Wenbing
on 24/02/2021, 17:33:43 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."

All central bank governors or directors need to read the bitcoin whitepaper before commenting on what they dont have knowledge about. Satoshi nakamoto created btc to replace the failed money system, to be better than fiat in great ways.

Secondly, they all need  to take a course on cryptocurrency and blockchain, to know how these techology work and how the promise of Defi will defy the traditional financial system.