Close Menu
Cryprovideos
    What's Hot

    Paging Dr. Algorithm: Microsoft’s AI Diagnoses Like Home, Payments Like Costco – Decrypt

    July 2, 2025

    SEC approves conversion of Grayscale's large-cap crypto fund into ETF

    July 2, 2025

    Asia Crypto Information: Leverage Meets Endurance as BTC Builds Towards a Breakout

    July 2, 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

    Paging Dr. Algorithm: Microsoft’s AI Diagnoses Like Home, Payments Like Costco – Decrypt

    July 2, 2025

    Asia Crypto Information: Leverage Meets Endurance as BTC Builds Towards a Breakout

    July 2, 2025

    14th CryptoSuper 500 Report

    July 2, 2025

    Deutsche Financial institution Plans Bitcoin and Crypto Custody Rollout in 2026

    July 2, 2025
    Latest Posts

    Asia Crypto Information: Leverage Meets Endurance as BTC Builds Towards a Breakout

    July 2, 2025

    Deutsche Financial institution Plans Bitcoin and Crypto Custody Rollout in 2026

    July 2, 2025

    Finest Crypto to Purchase Now as Huge‑Cash Bitcoin Wallets Hit New Highs – CryptoDnes EN

    July 1, 2025

    Michael Saylor Drops $500 Million On Bitcoin—What’s His Subsequent Transfer?

    July 1, 2025

    Pockets Of Satoshi Companions With Spark To Supply Self-Custodial Bitcoin Lightning Expertise

    July 1, 2025

    MARA Bitcoin Manufacturing Slides 25% as Mining Surroundings Toughens – Decrypt

    July 1, 2025

    Smarter Internet Firm Boosts Bitcoin Holdings With $24.7 Million Buy To Attain 773 Bitcoin

    July 1, 2025

    Figma Turns into Newest Bitcoin-Holding Agency to File for IPO

    July 1, 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

    5 New Crypto to Purchase as Semler Turns into tenth Largest Company Bitcoin Holder

    February 5, 2025

    North Korean Hackers Goal Crypto Job Seekers in India

    June 19, 2025

    Lawmakers Launch Bipartisan Congressional Crypto Caucus Following Trump Bitcoin Push – Decrypt

    March 3, 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.