TechNewsHeaven {{source.name}}




European bankers scoff at bitcoin for its risk, huge energy inefficiency
2018-02-14T19:30:06+00:00 - Cyrus Farivar / Ars Technica
His remarks (German) come as other top European bankers are making aligned public statements expressing skepticism about bitcoin and related digital currencies. On Tuesday, the ECB put out a graphic dubbing bitcoin not a currency but a "speculative asset." Carl-Ludwig Thiele, a member of the executive board of the Deutsche Bundesbank, recently slammed bitcoin for being too "energy intensive." "Of all things I would not call bitcoin a currency for this reason and also for another reason. The euro is backed by the European Central Bank, the dollar is backed by the Federal Reserve.

Your favorite news


Popular news




Recommended news