Central Banks Intend To Fight CryptoCurrencies

Things becoming more and more serious... but Roll Eyes
what will be the features of a Crypto-Euro or the Crypto-Ruble?

It will not be decentralized. or will it? Undecided lol
Will there be an open ledger?? People really want this? I mean the Banksters want this? Huh
Will this coin be kind of a POS coin or Huh Nahh! Don't tell me I can mine this coin with my Laptop? Cheesy
Wow! They will open source their code?Huh? What? GTFOH! They'll never do that! Tongue

One thing this currency must have: SPEED!!! (Check the bold part in the text below)

Hmmmm, I think this currency will have nothing to do with Bitcoin, but hey, let them learn it the hard way, folks....

Discuss.

http://www.zerohedge.com/news/2017-06-22/how-central-banks-intend-fight-cryptocurrencies

Quote
Dr. Weidman dismisses the notion that privately issued digital currencies may eliminate central bank currencies, reasoning that “central banks are better able to deliver price stability than a rigid monetary rule or an algorithm.”

Therefore, one consideration might be that the central banks themselves would issue their own digital currencies- something that the central banks of Russia and China are considering. If central banks created digital currencies it would make those holding their liquid assets in the form of central bank digital currencies, the public would have greater protection because “central banks cannot become insolvent.”

Dr. Weidman notes that in times of crisis, money holders would withdraw their bank deposits and transfer them into the official digital currency, thereby rapidly withdrawing liquidity from the private banking sector in a digital bank run.

Without deposits, Dr. Weidman observes, banks could not make loans.

Weidman’s Conclusion

“My personal take on this is that central banks should strive to make existing payment systems more efficient and still faster than they already are – instant payment is the buzzword here. I am pretty confident that this will reduce most citizens’ interest in digital currencies.”

Check the ECB paper "Virtual currency schemes – a further analysis" here:
https://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemesen.pdf