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Title: [2019-04-11]JPM Coin: Banks are in DABDA Phase for Cryptocurrency Post by: Vladdirescu87 on April 12, 2019, 11:50:34 AM One of the best cryptocurrency influencers thinks that the governments and financial institutions are undergoing the DABDA - denial, anger, bargain, depression and acceptance - phase for the flagship crypto Bitcoin (BTC), according to BlockPublisher.
“First they don’t believe in digital currencies. Then they fight them. Then they say there could be a role for them to play if state backed. Eventually they realize Bitcoin is the answer,” the influencer Anthony Pompliano said. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/jpm-coin-banks/?utm_source=forum&utm_medium=referral https://coinidol.com/upload/resize_cache/iblock/9b3/900_900_1/9b35b74bf78e11a812027356cc0e0c86.png Title: Re: [2019-04-11]JPM Coin: Banks are in DABDA Phase for Cryptocurrency Post by: d5000 on April 12, 2019, 11:36:13 PM First, there is not sucha a thing like a "DABDA Phase". There is Phase D, A, B, D and A ;)
Second, I want to challenge the general spirit of the article: Quote “Acceptance of BTC is the death of legacy banks and other financial institutions.” The question is: What are banks doing that could be achieved also by cryptocurrencies? The truth, in my opinion, is that the biggest part of the "value proposition" of banks is credit risk analysis - to decide who can get which amount of money as a loan to what conditions. While some of a bank's "services" like an account can be provided in an automatized way by cryptocurrencies, risk analysis currently has to be done by specialized people. Even if AIs get, eventually, "intelligent" enough to do some risk analysis, banks will use these tools to lower their costs, too. So - fortunately or unfortunately - even if BTC was the leading world currency, banks still would be able to preserve the core of their value proposition. What they can't do with Bitcoin normally is "create money out of thin air", but they can provide their services directly to those who want to invest in cryptocurrency-financed businesses. Title: Re: [2019-04-11]JPM Coin: Banks are in DABDA Phase for Cryptocurrency Post by: anu1908 on April 13, 2019, 01:12:30 AM i still don't understand the relation of the pic with the content of the article. why there has to be a naked woman?
anyway denial up to acceptance is the Kübler-Ross model of grief which is not free from criticism. not sure you can apply it to this bank thing. they're not grieving anything, they're trying to make sure bitcoin and crypto influence don't grow too much. https://en.wikipedia.org/wiki/K%C3%BCbler-Ross_model |
