Card III-17: HAL FINNEY – I believe this will be the ultimate fate of Bitcoin, to be the ‘high-powered money’ that serves as a reserve currency for banks that issue their own digital cash.

Series III · Card 17 of 21 · THE MAILING LIST

I believe this will be the ultimate fate of Bitcoin, to be the ‘high-powered money’ that serves as a reserve currency for banks that issue their own digital cash.

HAL FINNEY · BITCOINTALK · 30.12.2010

Open in the web app

Turn it over, answer, sign – free, no account.

Source

BitcoinTalk, “Re: Bitcoin Bank”, 30 December 2010

Open source · bitcointalk.org ↗

About the author

American cryptographer and software developer (1956–2014). A pioneering cypherpunk, early PGP contributor, and the first known recipient of a Bitcoin transaction. One of Bitcoin’s earliest and most respected builders.

About the source

Bitcointalk: the forum Satoshi opened in November 2009 to talk about Bitcoin.

The question on the back

How do you see Bitcoin: as a means of payment or as a reserve?