Central bankers claim bitcoin could break the internet - the crypto world thinks they're missing the point

• The Bank of International Settlements on Sunday said bitcoin is "a poor substitute for the solid institutional backing of money."
  • Critics in the crypto world say the report missing the point - bitcoin and other cryptocurrencies are still in development and shouldn't be judged yet.
  • Circle CEO calls the report "shallow" and said: "They're not looking at what's actually going on in terms of the real R&D in this space."

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