Rise or fall, bitcoin brings “harm” to society, considers the ECB

They also criticize Satoshi Nakamoto’s understanding of e-commerce. According to the authors, Bitcoin poses a “danger” to democracy. Analysts from the European Central Bank (ECB) published an aversive document towards bitcoin on October 12, where they consider it a “harmful” financial asset for society. The document, called “The distributional consequences of Bitcoin,” says that even…