Threat to Fiat Currency?
For Banks, Digital Currency Poses Threat — and Opportunity
The digital currency called Bitcoin was conceived as a rebellion against the banking system. But it may also present business opportunities for banks that can get comfortable with the risks.
Bitcoin Really Is an Existential Threat to the Modern Liberal State
Bitcoin may be a bubble that will burst. If it does, other forms of digital cash will come along.
Bitcoin’s Gains May Fuel Central Bank Concerns: Chart of the Day
Virtual currencies “could have a negative impact on the reputation of central banks” if their use grows considerably, the Frankfurt-based ECB said in its research paper.
Has Bitcoin made Digital Currency ‘Real’?
The system has both champions and critics. Listen long enough, and the phrase “Ponzi scheme” will come up eventually. But the track record of the world’s central banks is nothing to brag about.
Don't Get Bitten by Bitcoins
After all, the tax evaders, drug dealers and terrorists attracted to Bitcoin would not be likely to cooperate with authorities when they have been hacked and robbed.
Mining Digital Gold
Even if it crashes, Bitcoin may make a dent in the financial world.
As Cyprus Implodes, Bitcoin Interest Explodes
The currency, a favorite among those worried about the safety of traditional banking and paper currency, is emerging as an apparent winner from the drama surrounding the bailout of tiny Cyprus.
The Real Significance of the Bitcoin Boom (and Bust)
The Internet will almost certainly offer access to a growing number of currencies in one form or another that are beyond national control. If a future Fed chairman tries to repeat Ben Bernanke’s policy of quantitative easing (effectively printing money), worried investors could start pulling their savings out of the dollar and send it streaming into the cloud so fast that the Fed would be forced to change course.
Bitcoin Has No Intrinsic Value, And Will Never Be A Threat To Fiat Currency
The U.S. dollar is important, because the world's strongest entity, with the full force of the U.S. army, the FBI, the CIA, the NSA, and various local authorities with guns demands that you pay them in U.S. dollars. That's not faith. That's the law. Sorry.