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WCN Bitcoin Group #113 – Central Bank Bitcoin, WinkETF, ViaBTC Unlimited, ETH Forks Hard

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From October 16th: This was more of a Fireside chat between Thomas and I, but the topics were really good, here is the TLDR: Central Banks & Bitcoin – This is the usual story we cover at least once...

From October 16th: This was more of a Fireside chat between Thomas and I, but the topics were really good, here is the TLDR:

Central Banks & Bitcoin – This is the usual story we cover at least once a month and nothing ever changes. Governments do not want bitcoin because they will lose control of the currency but they love the idea of digital money and the removal of cash for 3 main reasons:

1. It will allow them to set any monetary policy they like (like negative interest rates) without people having an ability to exit the system

2. They will remove the concept of a bank run as there will be no cash to withdraw from the bank and the pictures of people in long ATM lines will only be found in a museum.

3. They consider every living person a Tax Evader and Money Launderer so they think this will insure that every penny of tax collection is accounted for.

However, the greatest friend bitcoin has is the elimination of physical cash.

WinkETF – The SEC is looking for comments on the ETF, but an approval of this financial instrument will be dumb, I explain in detail, but just think about the idea of Winkelvi being the guardians of your bitcoin private keys.

ViaBTC Unlimited – Another mega stupid initiative that will fail like XT and Classic. All it will do is cause arguments between people in the bitcoin space that otherwise kind of like each other.

ETH Forks Hard – They have a new business model, perpetual Hard Forks… Can’t wait till there are 3 Ethereums, ETH, ETC and ETW.