- The Bank of International Settlements (BIS) recently warned that digital currencies become more dangerous as more people use them.
- Potential breakdowns could derive from the reliance on decentralized ‘miners’ responsible for creating, recording and verifying digital currencies and transactions.
- For a currency to gain widespread adoption, there must be trust in its underlying stability (impossible to ensure given current digital currency frameworks).
The bigger cryptocurrencies get, the worse they perform: BIS
(06/17/2018)