Bankers still don't get it

Coinbase CEO Brian Armstrong spars with France’s Central Bank chief at Davos over yield and ‘bitcoin standard’.

Bank of France Governor François Villeroy de Galhau demonstrated lack of understanding of Bitcoin:

“The guarantee for trust is independence on the central bank side,” Villeroy said, adding he trusts “independent central banks with a democratic mandate” more than “private issuers of bitcoin.”

Armstrong corrected him immediately. “Bitcoin is a decentralized protocol. There’s actually no issuer of it,” he said. And then he took the opening further, turning Villeroy’s independence argument back on itself. “And so in the sense that central banks have independence, bitcoin is even more independent. There’s no country or company or individual who controls it in the world.”