News about Central Banks

More / Bitcoin Reddit - 1 year ago

ECB President Mario Draghi in March 2018: “Euro today is a Euro tomorrow. Its value is stable. Currencies are backed by central banks. Nobody backs Bitcoin.” 4 years later, value of 1 Euro is 0.68 Euro today.

I just can't get over the arrogance of all these scoundrels claiming "currencies are supposed to be issued by central banks or it's backed by nothing." “The root problem with conventional currency is all the trust that's required to make it work. Th...