Giacomo Zucco: Bitcoin, banks, monopoly & tokens (I)
Crypto Voices
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The First Form of Centralization in Gold
Central banks could start to do that in order maybe to to perform better in some kind of monetary wars or trade wars so it will not surprise me if temporarily the central bank of China does that. In the long run as you said it doesn't make any sense because Bitcoin itself is a money that can be used directly by by people with no need for central banking. The first form of centralization in gold was not the transition from physical gold to fiduciary fiduciary let's say representative gold but was the coinage actually.
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