Close Menu
Cryprovideos
    What's Hot

    BlockDAG Price Prediction 2025–2030: Can Digitap ($TAP) Outperform? | UseTheBitcoin

    October 30, 2025

    Gold on a Regular Decline, Is it Bitcoin's Time to Shine? – Decrypt

    October 30, 2025

    European central financial institution pushes for CBDC launch in 2029: Report

    October 30, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»The ECB Economists Aren’t Precisely Improper About Bitcoin (They’re Simply Ineffective)
    The ECB Economists Aren’t Precisely Improper About Bitcoin (They’re Simply Ineffective)
    Bitcoin

    The ECB Economists Aren’t Precisely Improper About Bitcoin (They’re Simply Ineffective)

    By Aaron van WirdumNovember 7, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The ECB Economists Aren’t Precisely Improper About Bitcoin (They’re Simply Ineffective)

    Observe Aaron on Nostr or X.

    Earlier this month, the European Central Financial institution (ECB) revealed a paper wherein the authors declare the existence of Bitcoin may impoverish non-holders and latecomers.

    Particularly, they wrote:

    “Since Bitcoin doesn’t enhance the productive potential of the financial system, the implications of the assumed continued enhance in worth are primarily redistributive, i.e. the wealth results on consumption of early Bitcoin holders can solely come on the expense of consumption of the remainder of society.”

    It drew the ire from many bitcoiners, together with Frank in his Take… however isn’t this primarily what hyperbitcoinization is? If bitcoin turns into the cash of the world, HODLers turn into the new rich elite whereas the fiat bag holders would successfully go broke, proper?

    The actual crux, I believe, lies within the first a part of the quote. Many bitcoiners, together with myself, imagine that Bitcoin in actual fact would enhance the productive potential of the financial system. (There are a number of causes for this, however an enormous one is that it eliminates fiat forex’s Cantillon impact, which largely advantages governments.)

    If it had been doable in 2009 to swap all fiat forex on the earth for bitcoin so everybody obtained a consultant share (thus no redistributive results), which will arguably have been preferable… however the ECB economists would nonetheless be in opposition to it: they only don’t see the advantage of bitcoin within the first place.

    Since Satoshi Nakamoto had no approach to swap everybody’s fiat for bitcoin even when he wished to, it is sensible that he launched the undertaking the best way he did, permitting anybody to undertake this superior cash each time that matches their particular person risk-appetite.

    If the ECB economists imagine there’s a higher approach to distribute this new type of cash, I might recommend they use their Cantillon-funded salaries to jot down a paper about that.

    This text is a Take. Opinions expressed are completely the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    BlockDAG Price Prediction 2025–2030: Can Digitap ($TAP) Outperform? | UseTheBitcoin

    October 30, 2025

    Gold on a Regular Decline, Is it Bitcoin's Time to Shine? – Decrypt

    October 30, 2025

    European central financial institution pushes for CBDC launch in 2029: Report

    October 30, 2025

    Mastercard Nears Zerohash Deal as Competitors Intensifies – BeInCrypto

    October 30, 2025
    Latest Posts

    Gold on a Regular Decline, Is it Bitcoin's Time to Shine? – Decrypt

    October 30, 2025

    Crypto Market Prediction: Ethereum's (ETH) Goodbye to $4,000? Shiba Inu (SHIB) Including One other Zero? Is $115,000 Unbreakable for Bitcoin (BTC)? – U.Right now

    October 30, 2025

    Bitcoin's (BTC) Dip-Shopping for Sentiment Surges; Right here's Why It Might Backfire

    October 30, 2025

    Germany Proposes Nationwide Bitcoin Reserve, Views Bitcoin As ‘State-Free’ Cash

    October 30, 2025

    Bitcoin Lengthy-Time period Holders Dump 325,600 BTC — Largest Month-to-month Drop Since July ‘25 | Bitcoinist.com

    October 30, 2025

    Bitcoin Information As we speak Stay: Bitcoin Dip Pre-FOMC Sparks $120K Surge Hopes

    October 30, 2025

    Bitcoin Worth Holds Its Breath As Fed Appears To Lower Charges

    October 30, 2025

    Bitcoin Purchase Sign: Binance BTC/Stablecoin Ratio Hints at Incoming Provide Shock | Bitcoinist.com

    October 30, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Pakistan Appoints World Liberty Monetary Advisor to Key Authorities Position on Crypto – Decrypt

    May 27, 2025

    Stablecoin Invoice Passage Alerts Begin of New Monetary Revolution in America, In response to Coinbase CEO Brian Armstrong – The Every day Hodl

    July 20, 2025

    IMF updates world requirements to incorporate crypto in steadiness of funds

    March 22, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.