[ad_1] Being of censorship resistant nature, the cryptocoin could turn out to be the road of safety for many countries that are currently facing various financial issues and crises or set on negative-status for international trade, believes Nick Szabo – known and respected cryptographer. Mr. Szabo added his thoughts on …
Read More »Nick Szabo: central banks could switch from "physically vulnerable" gold to bitcoin
[ad_2][ad_1] Central banks could resort to cryptocurrency reserves as a means of integrating national gold reserves according to veteran cryptographer Nick Szabo. He also argues that the use of digital currencies will increase in countries with disrupted economies. Cryptocurrency on gold Speaking at the Israel Bitcoin Summit of the Tel …
Read More »Nick Szabo: central banks can switch to cryptocurrency reserves compared to gold
[ad_2][ad_1] Economy At the Israeli summit Bitcoin at Tel Aviv University on January 8th, veteran cryptographer Nick Szabo explained that the use of censorship-resistant cryptocurrencies will increase in countries sanctioned by trade and economies suffering from a failed monetary planning. Szabo also said that central banks in the world could …
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