Crypto Currencies: A Note
Central Banks are attacking crypto-currencies. An example is Frank Elderson, who is Vice-Chair of the Supervisory Board of the ECB, recently (March 16th) said that:
"Crypto-assets are volatile. They lack any intrinsic value and there is no reliable institution backing them."
Some commentators have, users of Bitcoin for example, have argued that this is outdated thinking, and that Bitcoin is now