https://news.bitcoin.com/worlds-central-bank-crypto-could-risk-bank-runs/
Bank for International Settlements (BIS), the world’s central bank to central bankers, is suggesting state-backed crypto might destabilize commercial banks’ customer deposits, negatively impacting the “efficiency of financial intermediation.”
WTF does "negatively impacting the efficiency of financial intermediation" mean?
Well for starters, P2P is more efficient than any type of intermediation. What they are saying is that cryptocurrencies will negatively impact the financial intermediaries.
To which I'd reply: This is a feature, not a bug.
Robots and automation aren't just taking minimum wage jobs...
!
I like this. Followed you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @bastiat1850! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @bastiat1850! You have received a personal award!
Click on the badge to view your Board of Honor.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @bastiat1850! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit