Starr Forum: Bitcoin and the Global Economy
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Thursday, April 07, 2016 Starr Forum: Bitcoin and the Global Economy About the Speakers: Michael Casey Senior Advisor, Digital Currency Initiative, MIT Media Lab Former journalist, The Wall Street Journal Co-author: The Age of Cryptocurrency How Bitcoin & Digital Money are Challenging the Global Economic Order Cristina Dolan Head, Marketing and Content and Communications Products; Initiative Lead, BlockChain TradingScreen Internet Pioneer and MIT Media Lab Alumna
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No Bitcoin Adress ??? NO Tip,s.
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SILK ROAD!
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FEDERAL CRYPTOCURRENCY LOL, WHO WOULD BUY THAT, ITS BAD ENOUGH WE HAVE TO BUY THEIR BONDS TO FEEL SOMEWHAT SECURE......
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I've got a question about the central bank issuance. I'm not a fan of this idea because they are probably going to try and introduce cryptocurrency that is pegged to their national fiat currency. And with that dynamic, they can still manipulate the monetary supply through the fiat channel. But additionally, I don't think it really matters if a central bank issues one because it probably won't be adopted ahead of other cryptocurrencies whose networks are bigger and more broadly dispersed across the globe. It would be very difficult to imagine why a free market would allocate significant value to a centralised cryptocurrency relative to a decentralised one with a much larger network. I guess what I'm asking is, once the central bank issue the cryptocurrency, what is the central banks role? Can it interfere with the monetary policy of the cryptocurrency? I just can't see how that would get adopted.
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at 35 mins: "we don't need banks as part of our payment system". exactly, time to cut them out, like a cancer.
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