Trichet: Cryptocurrencies 'More Dangerous Than Useful'

The video discusses Bitcoin and its lack of essential currency characteristics, such as value stability. It highlights Bitcoin's volatility and speculative nature. The blockchain concept behind Bitcoin is introduced as a disruptive technology with potential applications in finance and decentralized ledgers. However, cryptocurrencies are viewed as more dangerous than useful by central bankers.

What potential does the speaker see in the blockchain concept?

What is the speaker's view on the usefulness of cryptocurrencies from a central banking perspective?