Vice President of St. Louis FED David Andolfatto on Central Banks, Gold & Bitcoin - Sept 16 2019 - A Must Watch... 29 points. 23 comments. 1 comment. share. save hide report. 75% Upvoted. Log in or sign up to leave a comment log in sign up. Sort by. best. View discussions in 2 other communities. level 1. Fiach_Dubh. Platinum QC: BTC 307, DCR 100, XMR 60 TraderSubs 28. Original Poster 1 ... Andolfatto responded that cryptocurrency is private money and as a result, it does not fall under the purview of the central bank. Further, given that there is no “need for decentralized consensus based record keeping” concerning the dollar, he does not believe that it will be replaced with cryptocurrency. He added that the demand for crypto is supplanting demand for existing reserve ... David Andolfatto, who is the Vice President of Research at the Federal Reserve Bank of St. Louis, recently let it be known that bitcoin may work as a store of value.The comments related to this topic came during a recent interview on the Epicenter Bitcoin podcast.. In the past, Andolfatto has written on the concept of a Fedcoin, which would be a fork of Bitcoin that is redeemable at a one-to ... Andolfatto’s central thesis is that the government could solve the problems of digital economies as follows: “Imagine that the Fed, as the core developer, makes available an open-source Bitcoin-like protocol (suitably modified) called Fedcoin. The key point is this: the Fed is in the unique position to credibly fix the exchange rate between Fedcoin and the USD. [Consumers and businesses ... Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Publicidad Continúe leyendo a continuación Mientras que algunas organizaciones pagan sumas significativas contra los ataques a Bitcoin vía ransomware, otras cuestionan si estos pagos pueden rastrearse realmente. A principios de julio, David Andolfatto, vicepresidente […] ABD Merkez Bankası Başkan Yardımcısı David Andolfatto, Bitcoin ile ilgili önemli açıklamalarda bulundu.David yaptığı açıklamada Bitcoin’in kullanışlı olmadığını ancak altının çok ciddi rakibi olduğunu ifade etti. St. Louis Bölgesi FED Başkan Yardımcısı olan David, kripto paraların itibari para birimleri olarak kullanılmasının oldukça zor olduğunu belirtti.
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