Replying to Avatar Yaël

An insight from my first article on Bitcoin circa March 2013 that I had forgotten about. Just how much the ECB was saying at the time that Bitcoin would "challenge" central banks' monopolies:

"Another way to use actions in the market to free yourself and society is to shun the traditional fiat currencies for inflation-proof currencies. Bitcoin, for example, is climbing in value and increasing in popularity for regular transactions.

A European Central Bank report released in Nov. 2012 called Bitcoin a “threat to financial stability,” and warned it could challenge the “monopoly of central banks” around the world as well as “undermine” the legitimacy of nation states."

https://archive.ph/hjX95

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Yaël 2y ago

that ECB report is still up, lol

https://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf

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