Somehow, I ended up doing a rare thing today: I was at work, and I managed to eat lunch out.
So I'm sitting in the pizza place across the street from my workplace (only 2 days to go, now!); where they have multiple TV screens running — all manners of sports, news, CNBC...
So I am reading (because the sound is off) on one screen that some "talking head" is proposing a "Central Bank for Cryptocurrencies."
Sadly, I have not been able to locate the particular clip in question, but it ran at around 1:15pm, Pacific Time, today June 25th.
Where is this all going?
Missing the Point?
Granted, I'm not entirely sure what the entire interview concluded, but it's just interesting to me how often the "Establishment" tries to apply "old metrics" to new technologies, like they are little more than a variation of what's already being done.
But I suppose it's not surprising... many early-ish adapters of email saw it as simply an extension of postal mail... and there was even talk (briefly!) of charging people per email, just like people have to buy a stamp to send a letter.
Of course, now that we have 20 years of hindsight, we can stop and laugh at such an idea!
But a Central Bank for cryptocurrencies seems to me to entirely miss the point of the entire crypto concept. I supposed centralization is all about wanting control and the powers-that-be are fearful of losing that.
What do YOU think?
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Created at 190625 23:15 PST
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