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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (164084)	10/22/2020 5:44:52 AM
From: sense	Read Replies (1) \| Respond to of 218585

Golgafrinchan economics... Douglas Adams had the marooned idiots designing their economy... choosing to use leaves as currency... "should only be able to use the central bank-backed digital euro as a mode of payment and not as a store of value"... Making it an accounting scheme... NOT a currency... but leaving you wondering what it is they're counting. "If the central bank digital currency has the same characteristics as traditional money, depositors could withdraw their funds in times of a crisis by converting it into digital euros, making the funds a liability for the central bank." But, without that... a currency that doesn't generate a liability upon that allocation... is the definition of something without any value. And, otherwise... if you prevent that... it leaves "depositors" unable to withdraw funds "in times of crisis"... meaning... its your money... but you can't have it when you need it... because that's when we need it... ? Morons. That's trying to create a VALUELESS unit of measure of economic value... that has no value... and therefore can't be a measure... "In July, Balz said during a parliamentary session that cryptocurrencies were not currently a threat to financial stability". Apparently... that's ONLY because, thus far... they've not let central banks have a go at them... because the private market cryptos aren't that STUPID... to try doing what he's saying should be done ?