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RE: Is the Bank of Canada Talking Early Adoption of a Digital Currency!

in #steem7 years ago

Agreed. No central bank will adopt Bitcoin as its coin. However, I wonder if banks are considering national currencies back by the Bitcoin. In the past it was the gold standard. Unlike gold, Bitcoin is an open book. Food for thought?

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Bankers want control. Anything peg to bitcoin means they rely on bitcoin. I doubt bankers will let that roll. The banks will likely collaborate and make a universal coin and advertise to the public a coin that is accepted by all major banks. Invest in the bank by buying that coin. No way banks will ever open their books. That is how they carry their profits and dividends mostly to themselves and their supporters.

You're absolutely right!