Cryptocurrencies could bring chaos to US economy: James Bullard

>Bullard raised the issue that it could become a “serious” problem for consumers if there’s a Wild West of digital money, and consumers have to hold different kinds in order to make routine purchases.

>“Should I pay with one cryptocurrency or another cryptocurrency or another cryptocurrency or the dollar?” Bullard asked.

>“We want people to make judgments about how much is that really worth and how much am I willing to pay for it.”

Lol, god forbid we leave people’s personal financial decisions to themselves. Also I agree that it’s totally unforseeable to that computers might one day be able to display realtime exchange rates, does Satoshi Nakamoto expect us to whip out our slide rule every time we want to buy a Budweiser tallboy at the gas station?

View Reddit by danarchistView Source

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