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Bank of England Wants Crypto?
https://www.cryptoglobe.com/latest/2019/08/bank-of-england-governor-recommends-replacing-dollar-with-libra-like-digital-currency/
“The BOE Governor’s proposal would replace the U.S. dollar as the world’s reserve currency with a digital alternative. While it was unclear if Carney was actually suggesting that libra could be used to fill the void, his intent was to spur interest in a fiat alternative for global reserves.
Carney argued that proactively replacing the dollar with a digital coin substitute would be preferable to allowing another national currency usurp its status”
“The introduction of a non-fiat currency could have the effect of devaluing the dollar, and most national currencies, which could be one way for central banks to introduce inflation to erode away the record levels of debt accumulating globally.”
I’m not about to get too carried away with this idea that Bitcoin, or any public, permission less, provably scarce cryptocurrency is actually being promoted by the Bank of England to be a solution for the current problems facing the global financial ecosystem. To be clear, he labeled the possible solution as a “Libra-like” digital currency, that says plenty about where his head is at.
But it is interesting to see this old timer big bank see this new technology as a tool that could possibly be used for their benefit. Whether or not this perspective is shared by more than one member of the Bank of England is also yet to be seen.
It’s worth noting that the Bank of England Governor who is recommending cryptocurrency is the same who announced he would be stepping down as governor of the Bank of England in the future. Perhaps this is why he’s feeling free enough to make such a bold claim?
Another article I wanted to speak about was this piece written by Michael J Casey of CoinDesk.
https://www.coindesk.com/the-faketoshi-circus-why-even-bitcoin-cant-escape-the-politics-of-money
He explores this concept of this mathematically secured cryptocurrency world and the fact that although it was created in the spirit of denying centralized control and influence, it is also inhabited by fully-flawed humans who despite our best efforts, tend to gravitate toward those politics. It’s a great think piece that briefly goes over why gold and certain precious metals were regarded as valuable in the first place. (Spoiler alert: the masses valued these metals because they were owned and adorned by the wealthy elites of that time.
How painfully ironic is it that now after generations of different cultures, spanning the globe have felt the ill-effects of their respective government’s mismanagement of their currency and economic policy, we finally for the first time in history, have a tool that can begin to free anyone from that old system. A tool that enables anyone the choice to opt in to this world of cryptocurrency and independence. Despite having the tools, despite having the genuine interest in partaking in a system that isn’t centrally controlled, isn’t dictated by any one person or entity, most of the people in this space are still so quick to get caught up in the politics revolving around any particular cryptocurrency. How often are the price movements of the market determined by a general sentiment that is often based on rumors and whether or not the who’s who of institutional investors will decide to buy some bitcoin. It’s comical in such a sad way, but let’s not get too caught up in the hype or FUD, is it really so hard to be grateful for the advantage that this tool of decentralized cryptocurrencies affords us? It may be a bit early to be making New Year’s Resolutions, but there’s no better time than now to try and improve your perspective of this space.
Besides being persistent and always keeping faith in the blockchain technology, one major factor to making life changing gains from crypto is understanding the trends and working closely with it. Following the circle, the asset is headed for $13,000 and eventually $16,000 before the full blast of the bullish move and i am not taking chances by accumulating as much as i can while being guided by the professional aid (daily trade signals) of Brandon Iked. Having bought just 2 btc at $8,200 and held a little i started trading using his signals and have grown my portfolio to over 10btc. A competent guide by all ramifications is all it takes to be a profitable trader and Brandon is one of such competent hands that has made an impact in the crypto spaces. He can be contacted on {Brandoniked @gmailcom} for any crypto related assistance.
Not 1 centralized Cryptocurrency has ever worked. Just adopt, it's that easy.
Digitizing the same old junk. Here comes the propaganda: "Bitcoin bad, our trash good".
Good point at 4.40. People who expect the same consciousness that caused the problem, to solve it, want to remain slaves.
"Digital Currency" not decentralised fungible; "Crypto Currency". I personally prefer that we don't invite the government regulation or dominant corporations into the Crypto space until we have pre-established flourishing decentralized P2P marketplaces in as many geographies as possible with independent primary /secondary producers and broad communities of consumers on-board first. I suppose its true that "everyone has a price" but I am surprised by how cheaply most people seem to be willing to sell their freedom (and that of their family) for… I hope more people reconsider their position.
I think I know what can spur the crypto revolution–women! Not to get too technical into things I don't understand, but women have a big role to play. Always! Under the belt tactics are not even necessary with Bitcoin. Your wallet speaks louder than words. But just for the record, social unrest gets resolved, wars usually end quick, the bad guys end up sleeping on the couch, and so on. SO, WHY ARE WOMEN HOLDING ONLY 10 % OF ALL BTC? Nobody would mind seeing more women in crypto conferences. It's not as if there was a big sign "No Girls Allowed." It looks pretty sad nawadays. Heidi, Naomi, Catlin Long are really smart; we need more! (On the Internet nobody knows if you are a dog, LOL)
It won't be a crypto on blockchain.
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Have you ever wonder why other crypto investors complain of loss, well its could be more worst if they keep trading with those who lack the right platform, Now bitcoin is hitting it right in price , but to so many bitcoin investments sound like a big risk, well I won't doubt them as they may be right due to the experience they have seen in the hands of the inexperienced traders, because I was once a victim of such experience Ever since I come across Mr. Marek Pracher trading has been so successful for me, he made me understand how the market works and what to look out for when choosing a platform which many other traders may never tell you, as he introduced me to his special designed site, provided me with professional advice with accurate trading signals, which I know he will be helping others on accurate trading you can reach him on this (marekprachar09@gmailcom) WhatsApp + 447480724121) for other enquiries on crypto trading
libra like. lmfao. get some bitcoin losers
Boycott all things Zuckerberg
Someone’s in Hawaii?
Can you clearly define what you would consider proof crypto is not by and for the ppl and instead removes human freedom?
Those arrogant parasite's dont get it, we dont want their digital currencies or even their central banks anymore.
They are insolvent and need to be broken up.
Humanity suffers from a combination of Helsinki Syndrome and cognitive dissonance. This will change of course as it has too and it's easy to see people sleeping if you yourself are awake. That's why I value channels like yours as they do a wonderful job of giving a person the chance to wake up and choose. I get why seeing a Panda fall over is funny but it won't give you financial freedom. Maybe someone should start Panda Coin 🙂
Hello, I almost forgot the content, as the intro music sounds so nice!
I have no doubt that things will turn out differently than we expect them to.
In this case for the banks benefit from Crypto, then it would be them to use XRP and Libra. there is no way banks would let the people have full control of their funds. there in my opinion will always be a catch. they must always have their cut.
What will happen if nobody is willing to accept fiat for Bitcoin???
I love your Channel! Thank you for all the great content and beautiful backgrounds.
Another great video and very thought provoking!
Sweets the cia wrote a paper on an exact clone of btc in the 1990s. It isnt a surprise to the elites. It must remain a tool . Gold and silver must stay money if we allow them to force 100 percent digital we will be complete slaves. If they make a system that disalows other payment systems we are through. They have outlawed barter and they could outlaw gold and silver . By taxing them as capital gains they wound gold and silver enough they cannot be good currency. If they werent taxed even now they would own the world.
You really nailed it here.
Of course BoE doesn't want people to use silver & gold.
great!!!!!
XRP it will be!!!
Carney has ties to Ripple, BOE is a paying customer of Ripple. Carney is stepping down from the BOE but it moving to the IMF and Legard is moving from the IMF to the ECB who both have ties to Ripple… something big going on with XRP, The Interledger protocol and Xrapid…. look into it.
Chester Arthur Burnett, known as Howlin' Wolf
Remember me of the intro music. Which artist is that ?
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Not watched once, but three likes! ?