2 CommentsCentral bankers say the success of bitcoin and other cryptocurrencies is just a bubble….The problem with bitcoin is that it could easily blow up and central banks could then be accused of not doing anything,” ….although technology is revolutionising banking, digital currencies will not replace physical money anytime soon. “It’s too far off.”
Eulogy made by Reuters
Is this a Hegelian Dialectic ?
Physical currency (aka hard cash) is already being removed from the financial currency systems, and will be gone not very long from now … what will be left, is simply that digital balance in your online bank account … representing … ‘money’, based on … nothing, and worth less and less with each passing month, since its supply is truly unlimited.
Mass inflation of the currency supply by these very central banks .. now THAT is the supreme mother of all bubbles.
The grandfather of all Ponzi schemes.
that will never happen, there will only be alternatives and two paper money is backed by commodities and industries. bitcoin is only backed by the internet its market cap cant compete im sorry all your producing is internet services vs the rest of the world market and there cant be a coin for every industry and commodity thats dumb like a million 10000 of coins just to translate purchases