Bitcoin Could Break the Internet, Central Banks' Overseer Says

in bitcoin •  7 years ago 

Bitcoin Could Break the Internet, Central Banks' Overseer Says

"The Bank of International Settlements just told the cryptocurrency world it’s not ready for prime time -- and as far as mainstream financial services go, may never be."

Read more: www.bloomberg.com

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BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation”

The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently publishe...

Read more: news.bitcoin.com

Bitcoin is an 'environmental disaster' and 'could bring the internet to a halt', study says

Bitcoin miners are using as much electricity as Switzerland, while the computing power needed to deal with bitcoin growth would eventually overwhelm all computers, the Bank of International Settlements said

Read more: www.scmp.com

Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies

The “request has been rejected,” came response from the CIA, “with the agency stating that it can neither confirm nor deny the existence of the requested documents.” A tech writer petitioned ‘the agency’ to see what it had on the subject of Sa...

Read more: news.bitcoin.com

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Thanks for sharing this..... Wish to read more post