Why Undermines Bitcoin Its Digital Currency

Last Updated on December 17, 2023 by Paganoto

Why Governments Are Wary of Bitcoin – Investopedia

Bitcoin Undermines the Cycle of Trust Peer-to-peer transfers between two parties on Bitcoin's network means that intermediaries are no longer required to manage and distribute currency. The chain of trust underpinning the current financial infrastructure becomes an algorithmic construct in Bitcoin's network.

Currency and control: why China wants to undermine bitcoin

In May, the PBOC banned banks from doing business or providing accounts for anyone trading in cryptocurrencies.

Digital currencies: Five big implications for central banks

Digital currencies and related technologies are likely to reduce transactions costs and decrease the price of acquiring and sharing information, …

Cryptoassets as National Currency? A Step Too Far – IMF Blog

Moreover, widespread cryptoasset use would undermine consumer protection. Households and businesses could lose wealth through large swings in …

Bitcoin has no uses. That could be its downfall – Fortune

Bitcoin is an “intangible” asset. No one knows what it’s really worth because it has no practical, moneymaking uses.

Will Cryptocurrency Further Equity or Undermine it? It's …

Crypto is short for cryptocurrency, which is a decentralized digital currency system. Many human cultures started by trading goods, and then …

Addressing Crypto: The Need for Regulation and the Potential …

The widespread use of unregulated cryptocurrencies could undermine financial stability.

How crypto is undermining the energy transition – IPS Journal

To illustrate the scale of the problem, let’s just look the staggering electricity consumption of the biggest cryptocurrency, Bitcoin: it is …

"Undermining Bitcoin" by Sam Hampton

by S Hampton · 2016 · Cited by 22 — This tax treatment will likely discourage the use of these currencies, or alternatively will encourage noncompliance by their users. Decentralized currencies …

Central bank digital currency is the next major financial disruptor

Potential losers from the digital currencies include some financial institutions, both in traditional banking and fintech, that could lose …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.