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Main » 2015 » November » 25 » Bitcoin - is to be feared
Bitcoin - is to be feared

Former US Federal Reserve chairman Ben Bernanke warned the masses - hold on, say, from cryptocurrency bitokin away - based on AMarkets.




Bernanke believes that Bitcoin "serious problem." The currency is still very interesting from a technological point of view, however, according to the expert, it is still far from the point where it will be able to fully replace the conservative currency which central banks print.

First of all, Bitcoin - unreliable asset storage savings due to increased volatility. Despite the popularity of Bitcoins, until he could not be acceptable to all international currency-settlement. Anonymity Bitcoin - the biggest problem, says Ben. Where anonymity - there is room for fraud, deception, fraud, concealment and vulnerabilities. Ben gives an example - they say, the Islamists huge momentum cache - the sale of oil, the purchase of weapons, smuggling him through Belgium, and others. And all of this cash in US dollars. If terrorists will transfer all momentum in the virtual space, the course immediately podskochet Bitcoins to increased volumes of "Mining" and the increase in demand. Now the "mining" - is only 14.8 million Bitcoins (or $ 4.7 billion).

To date, about $ 670 billion of US banknotes is not used in America, but in other countries. According to conservative estimates, about $ 2 billion - are in the hands of the Islamists. This is at least 15 times less than the amount of virtual money in circulation (digital wallet payments, mobile money, virtual currencies).Conclusion - In this connection it is necessary to be afraid to cash cache, instead of virtual currencies. And if Bitcoin suddenly skyrocketed in price - we know exactly what happened - the Islamists carried out a large-scale renovation, exchanging the usual cash to digital payments.

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