The European Central Bank, in an article authored by Ulrich Bindseil and Jürgen Schaaf, declare Bitcoin a failure. If people create and use their own money as a store of value and medium of exchange, the ECB will find it difficult to run endless inflation.
They say, "... the fair value of Bitcoin is still zero." The value of the euro will trend to zero and the Europeans will do their frequent currency cancellation when moving to a digital state-controlled currency. In the meantime, Ulrich and Jürgen will try to hold on to their taxpayer-funded jobs a little longer.
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