By Bitcoin.com - 1 سال اڳ - پڙهڻ جو وقت: 4 منٽ
اي سي بي بلاگ پوسٽ تي اصرار ڪيو ته هي آهي 'Bitcoinجي آخري اسٽينڊ، آفيسرن جو دعوي آهي ته BTC "غير معقوليت" جي طرف وڌيو ويو آهي
On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors Ulrich Bindseil and Jürgen Schaaf seem to believe its “bitcoin’s last stand.” The ECB authors further say that while bitcoin’s price has consolidated and stabilized, the central bank officials remarked that “it is an artificially induced last gasp before the road to irrelevance.”
Members of Europe’s Central Bank Believe They Predicted Bitcoin Would Be Heading Toward ‘Irrelevance’ Before FTX Went Bust
Two members of Europe’s central bank, Ulrich Bindseil, the director general of the ECB’s market infrastructure and payments division, and Jürgen Schaaf, an advisor to the ECB’s payments sector, published a blog post about the leading crypto asset bitcoin (BTC).
ECB بلاگ پوسٽ سڏيو ويندو آهي "Bitcoin’s Last Stand"۽ ليکڪن جو دعوي آهي ته crypto اثاثو غير مناسب ٿي رهيو آهي. Bindseil ۽ Schaaf ان جي وضاحت ڪن ٿا BTC’s price has dropped 76% lower than the $69K all-time high, and the authors have noticed bitcoin proponents think BTC "نئين اونچائي ڏانهن رستي تي سانس."
The ECB authors do not believe this will be the case this time around. “More likely, however, it is an artificially induced last gasp before the road to irrelevance,” the ECB blog post’s authors insist. “And this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000.”
The members of the European Central Bank further opine that “bitcoin has never been used to any significant extent for legal real-world transactions.” The ECB’s blog post adds:
Bitcoin is also not suitable as an investment. It does not generate cash flow (like real estate) or dividends (like equities), cannot be used productively (like commodities) or provide social benefits (like gold). The market valuation of Bitcoin is therefore based purely on speculation.
ECB Officials Say Banks That Promote Bitcoin Bear ‘Reputational Risk,’ Blog Post Insists Regulation Does Not Represent ‘Approval’
The authors don’t necessarily use the terms, but Bindseil and Schaaf relate bitcoin to a Ponzi or pyramid scheme, as the authors stress that “speculative bubbles rely on new money flowing in.”
”وڏو Bitcoin investors have the strongest incentives to keep the euphoria going,” the blog post’s writers insist. While regulatory policy has grown around cryptocurrency assets, the two ECB officials believe that “regulation can be misunderstood as approval.” Bindseil and Schaaf are not too keen on the idea that the crypto space should be allowed to innovate “at all costs.”
Bitcoin’s innovative value, the ECB authors say has been very little compared to the risks that allegedly outweigh innovation. The ECB paper states:
پهرين، اهي ٽيڪنالاجيون هن وقت تائين سماج لاءِ محدود قدر پيدا ڪري چڪيون آهن- چاهي مستقبل لاءِ اميدون ڪيتري به وڏيون هجن. ٻيو، هڪ ترقي يافته ٽيڪنالاجي جو استعمال ان جي بنياد تي هڪ پيداوار جي اضافي قيمت لاء ڪافي شرط ناهي.
Lastly, the central bank executives think that banks that promote bitcoin will bear reputational risk. The ECB members say that because they believe bitcoin is not a suitable investment nor a payment system, “it should be treated as neither in regulatory terms and thus should not be legitimised.”
Bindseil's and Schaaf's blog post بلڪل هڪجهڙائي رکندڙ ماڻهن جي راءِ سان پطرس شائف, چارلي ميور، ۽ سوين نام نهاد bitcoin چونڊيو سالن کان شايع ٿيل. اي سي بي جي راء جي پوسٽ جي باوجود، اهڙا ڪيترائي ماڻهو، علمي مقالا، ۽ ڪمپنيون آهن جيڪي مڪمل طور تي ٻه مرڪزي بينڪ جي عملدارن سان متفق آهن.
EY تي گلوبل بلاڪچين اڳواڻ، پال بروڊي، تازو چيو ته هي crypto سيارو آهي ”گذريل سياري جي ڀيٽ ۾ تمام گهڻو نرم crypto سيارو“. بروڊي پڻ چيو آهي ته crypto قيمت جي وهڪري تي اثر انداز ٿي رهيا آهن صنعت جي ترقي تي تمام گهٽ اهي ڏينهن. "پهرين دفعي، قيمت ۾ اضافو ۽ گهٽتائي صنعت جي ڊگهي مدت جي ترقي تي اثر انداز نه آهي،" برودي چيو.
وڌيڪ پيپر published by Matthew Ferranti, a Harvard Ph.D. candidate in economics, says that banks should hold a little bitcoin. Ferranti said that even central banks should consider holding bitcoin, and more specifically, central banks struggling with financial sanctions depending on the financial institution’s accessibility to gold reserves.
What do you think about the ECB’s blog post about Bitcoin’s so-called ‘last stand?’ Do you agree with the officials from Europe’s central bank? Let us know your thoughts about this subject in the comments section below.
اصل ذريعو: Bitcoin.com