BoE’s Governor Carney Says Bitcoin Fails as a Substitute Currency

[kreslik.news]

Bank of England Governor Mark Carney sees fundamental problems with the concept of ‎Bitcoin as a viable currency when measured by ‎standard benchmarks.‎

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Responding to questions from students at London’s Regent’s University on Monday, ‎the BOE governor said that there are two big problems with bitcoin as a credible currency: its value is ‎unstable, and it can’t be a “useful way to buy things.”‎

The most important feature of a currency is to be a stable store of ‎value. Yet, the wild swings in the value of digital ... (read more)