The Bank of International Settlements, which I guess yo can say is the “Bankers Bank” is getting a little nervous about non-central bank cryptos as the BIS head is resorting to FUD to stop the excitement and potential uses of crypto.
“Bitcoin could bring the internet to a halt “ is the headline on CNN —-please look http://money.cnn.com/2018/06/18/technology/bitcoin-cryptocurrencies-internet-bis/index.html
Why is the BIS so nervous right now?
Is he afraid of “little ole Bitcoin and Litecoin” ??? Why would he be afraid?
Is he madly upset you can’t print and control Bitcoin or Litecoin?
Is he aware of the currency crisis in many countries as the paper fiat system is seen as “unable to hold value”?
He says “it cannot function as money”....??? Hello....does he not see homes,cars and socks bought for Bitcoin or Litecoin?
I guess cryptos are the place to be then... :-)
nice, just do the opposite of what he says
Lol....you know I find it hard to believe that we are actually living thru these Historic times and witnessing all of this.
Hi.
it is predictable that the big banks are worried about the rise of the cryptocurrencies since they will not be able to control it and will lose the monopoly of the creation of money, the next future will be a plot without central banks and that terrifies the bankers.
Greetings from Venezuela
Greeting back to you and my best wishes to you and all the people of Venezuela that are living the issues of inflationary currency first hand. It really is a matter of trust with these institutions. People are aware and little by little we will see these changes...I agree with you.
Guess they can't handle any competition.
They never had any.
And that's the way they want to keep it.