• European bankers scoff at bitcoin for its risk, huge energy inefficiency

    4 monthes ago - By Ars Technica

    Enlarge / Deutsche Bundesbank President Jens Weidmann during a keynote speech at the Bundesbank European money and finance forum in Frankfurt, Germany, on February 8, 2018. (credit: Krisztian Bocsi/Bloomberg via Getty Images )
    On Wednesday, a top German central banker told a conference in Frankfurt that replacing cash with bitcoin and similar cryptocurrencies is too risky and inefficient to be an effective medium of exchange.
    "For a stable monetary and financial system, we need no crypto-tokens, but rather central banks obligated to price stability and effective banking regulation, and we...
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