Central bankers claim bitcoin could break the internet — the crypto world thinks they’re missing the point
|06/19/2018||Posted by BusinessMediaguide.Com under General World News||
- The Bank of International Settlements on Sunday said bitcoin is “a poor substitute for the solid institutional backing of money.”
- Critics in the crypto world say the report missing the point — bitcoin and other cryptocurrencies are still in development and shouldn’t be judged yet.
- Circle CEO calls the report “shallow” and said: “They’re not looking at what’s actually going on in terms of the real R&D in this space.”
LONDON — Who’s right about bitcoin: the Bank of International Settlements (BIS) or cryptocurrency advocates?