Post
Topic
Board Economics
Re: Can Bitcoins kill Central Banks?
by
SirLancelot
on 24/04/2021, 19:14:42 UTC
what you have to know is that central banks cannot kill off Bitcoin, that’s not going to be easy, in fact it’s not possible for that to happen because when they break down the centralized wallets and exchanges that we all know, people then start to go for peer to peer and stop making use of centralized exchanges, and in a situation like this there would be no way for them to take down bitcoin. Then as for whether Bitcoin can kill off central banks? I doubt that too, it’s not going to happen, we are just going to have the both of them coexisting.
Central banks can't kill bitcoin and bitcoin can't kill central banks, they just have to agree to live together without bothering each other too much. Sure I am all for regulations, regulations for central banks, regulations for private banks and regulations for crypto, there are way too many people who have lost money in crypto that could have been saved, let the crypto companies be registered and have a serious audit going on constantly like a regular company and you will see save a lot of people from losing money.

However most governments only take a look at the fiat accounting of those companies while those scam companies steal crypto which governments do not even look at, so when accounting audit happens for crypto and those regulations get better we are going to see governments, central banks and crypto all live happily together.