Sunday, September 17, 2017

Not that big a deal

The world’s central banks can’t sit back and ignore the growth in cryptocurrencies as it could pose a risk to the stability of the financial system, according to the Bank for International Settlements. It said central banks will need to figure out whether to issue a digital currency and what its attributes should be, though the decision is most pressing in countries like Sweden where cash use is dwindling. Institutions need to take into account of not only privacy issues and efficiency gains in payment systems, but also economic, financial and monetary policy repercussions, the BIS said in its Quarterly Review. 

Security,honest accounting, counterfeiting are mostly solved problems.

What is left is for central bankers to understand it is an auto traded world, no  time for insurance payments. markets clear when they need to.  At the core, the central bankers are still dealing with open markets, but via bots.  There is no reason that central banker decisions cannot be implemented via bot.   It all works out, don't worry, be happy.


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