The Czech National Bank claimed that cryptocurrencies like Bitcoin do not pose a threat to the conventional banking system. A statement posted by the bank entitled “Don’t be afraid of Bitcoin,” argues that fiat currencies are still most suitable for commerce. The bank reasons that fiat currencies are more useful due to price stability, but contends that Bitcoin is not a bad thing and does not threaten the banking system.
I hope it threatens the traditional banking sooner than later and f*ck all the banking cartels, at least it forces them to back the currency with gold and silver.. yea I really hate these warmongering pieces of shit making money off of war and debt... enough is enough!