Central Bank Cryptocurrencies | What are they planning?

Fuck no!! The whole point of the invention of bitcoin is to decentralize currency. Give power to the people. This video is retarded.

Isn't he that piece of shit that ragged on how bad crypto was a year ago?

Where is the link to this document?

good job

great research,,, thanks ?,,, FYI the BIS was set up initially to funnel money from the uk & us to the bad side in ww2,,,,, they are just another rung on the ladder………

Keep your friends close and your enemies closer ~Sun Tzu

Can you link the sources you use Nick? Thanks for the video.

1:14 The IMF is the central bank of central banks, BIS is owned by central banks.

Everyone let's stop calling JPM shit coin and similar a crypto currency.

Excellent content! BWB….Bank With Bitcoin….ONLY!

The double chin of the guy on the thumbnail made me want to watch the video

Hi

There is no link for the bank of settlements.

Look at table 1 and diagrams 1 & 2 of the below document from 2017

http://www.bnm.gov.my/index.php?ch=en_publication&pg=en_staffinsight&ac=45&bb=file

So why does a central bank consider cutting out smaller banks like chase, boa, wellsfargo, etc?
Could they be seen as competitors to each other?

OK you have just described Cardano as it incorporates all those features and has the incentive structure that no bank can offer you. (3.5-5% extra ADA per year based on the amount of ADA you are holding). Maybe make a video about it or include it in your TA beefing.

stay away from any central bank cryptocurrencies

Bitcoin only

Always optimistic and now way more bullish then ever on crypto in general.
Fundamentals are going far now and the party just has started.

In this space since 2013?

End the Fed.

It only makes sense that banks would create their own currency instead of holding multiple forms of currencies.

Digital cash is the future of money and blockchain offers security and trust.

Bruh you got it, stop apologizing for rambling- you're good and clearly and concisely communicating.

Same here in Norway, I havent used actual cash for over five months 🙂

Central Bank Cryptocurrencies will never work. I encourage them to try.
They will continuously increase the supply and people will more quickly realise it is slowly losing its purchasing power.
Negative interest rates… Image, programatically, the central banks 'burn' a small percentage of your coins in your wallet. Ouch.
The private sector will make a better product than any gov or central bank.

Sweeden FORCED cashless down people throats.

BIS head of the snake.

Stellar Lumens to Mars!???????????????????? Western Union + Stellar Blockchain!

XRP mooooooon!!!!

XRP is working with the B.I.S. and the IMF

They are about to sell crypto to the public and xrp is the new SDR

Greek banking crisis 2015, Cyprus Government Bank Fiat confiscation 2013, Iceland,US/EU banking crises 2008, USA Gold confiscation 1933 – These are events that 'traders' sometimes forget. Best to diversify away from government and fractional reserve banking system into decentralised crypto such as Litecoin or Bitcoin to spread risk as well as secure your assets. – Litecoin Mining reward 'halving' 2019! Bitcoin 2020!

Young people are increasingly paying with swedish fish over cash

Nice

OMG!… Bank FOR, Bank FOR, Bank FOR International Settlements!!!

"Central Bank cryptos" lol if you only knew why that was funny

Decentralized, anonymous, instant, feeless secure currency.

Great info. Fuck the Fěđ

Banks are ranked #1 on the Sucks charts…. it's al about in getting control and stay in control… a bank does not have any higher purpose than making money over your back, and they are backed by governements too… #sicksystem

A cashless society is not without money. The money is held by banks and owners spend it through intermediaries (credit/debit cards). There is a limit to how far negative interest rates can go. Why? Because people can pull thier money out of the banks that is stealing it with negative rates. What is BIS's solution? Central Bank digital currencies, combined with it's legal tender status. The banks can't charge you 3% for storing your money in the bank (because you rightfully and correctly withdrew it all), but they will charge you 3% to convert your money into the CBDC to pay your taxes and other bills. It's the future of CBDC, it's still theft, and it must be pushed back on.

??

I will tell you what Central Bank crypto currencies look like, centralized shit coins used to enslave humanity.

25th

How goes it

First