Starr Forum: Bitcoin and the Global Economy

About the Speakers:
Michael Casey
Senior Advisor, Digital Currency Initiative,
MIT Media Lab
Former journalist, The Wall Street Journal
Co-author: The Age of Cryptocurrency How Bitcoin & Digital Money are Challenging the Global Economic Order
Cristina Dolan
Head, Marketing and Content and Communications Products;
Initiative Lead, BlockChain
TradingScreen Internet Pioneer and
MIT Media Lab Alumna
Event recorded on Thursday, April 07, 2016
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The MIT Starr Forum is a flagship public event series hosted by CIS. Learn more at cis.mit.edu/events-seminars/a...

[@robf3990]

I've got a question about the central bank issuance. I'm not a fan of this idea because they are probably going to try and introduce cryptocurrency that is pegged to their national fiat currency. And with that dynamic, they can still manipulate the monetary supply through the fiat channel. But additionally, I don't think it really matters if a central bank issues one because it probably won't be adopted ahead of other cryptocurrencies whose networks are bigger and more broadly dispersed across the globe. It would be very difficult to imagine why a free market would allocate significant value to a centralised cryptocurrency relative to a decentralised one with a much larger network. I guess what I'm asking is, once the central bank issue the cryptocurrency, what is the central banks role? Can it interfere with the monetary policy of the cryptocurrency? I just can't see how that would get adopted.

[@blkcoupequattro]

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[@nizamaziz2415]

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[@speedkiss22]

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[@nizamaziz2415]

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[@blkcoupequattro]

FEDERAL CRYPTOCURRENCY LOL, WHO WOULD BUY THAT, ITS BAD ENOUGH WE HAVE TO BUY THEIR BONDS TO FEEL SOMEWHAT SECURE......