Bank of England statement on Central Bank Digital Currency

[GigiBronz]

so the rules are planning to create a new digital currency that potentially themselves would make it fail to prove that the solution does not work.
and people return to the previous status quo that they is under totally under their control.


But I thought we already had that? Doge coin and so many other crypto currency without value or purpose that trade and incredible market valuations...

[vetran]

How do you roll it up to snort the white stuff?

Snort it off a model's boobs etc. like everyone else?

[jamesbrown]

How do you roll it up to snort the white stuff?

One of those rollable screens they're developing...

[Whorty]

Aha now I understand its not BitCoin but BritCoin where an e-pound simply replaces the paper pound so our normal currency in digital form only with none of this wasteful mining business involved

How do you roll it up to snort the white stuff?

[ladymuck]

Aha now I understand its not BitCoin but BritCoin where an e-pound simply replaces the paper pound so our normal currency in digital form only with none of this wasteful mining business involved

Doesn't burn as easily in a skip though

[tazdevil]

Aha now I understand its not BitCoin but BritCoin where an e-pound simply replaces the paper pound so our normal currency in digital form only with none of this wasteful mining business involved

[jamesbrown]

Well, duh, no cash transactions (more tax) and easier to manipulate in boom/bust cycles... what's not for them to like

[tazdevil]

Better than a magic money tree, a fictitious money tree, where is the value in this digital illusion of money

[ladymuck]

How will they print bitcoin?

Get their crochet needles out and create their own blockchain?

[vetran]

How will they print bitcoin?

[ladymuck]

Definitely time to sell

I thought the ads on the Underground marked a low point but this will take it to new depths

[Martin@AS Financial]

(Taken from the BOE website)

"The Bank of England and HM Treasury have today announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC."

https://www.bankofengland.co.uk/news...gital-currency