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Bitcoin and banks are incompatible. But not because bitcoin bears competition, it is free and so on. Banks need it, just because it does not bear competition. Bitcoin has many limitations (speed, scalability, and others). Therefore, it is beneficial for banks to keep it solely as a standard, the motto of the currency for the crypto world, like a dollar.
However, this relationship is not forever.

As soon as a sufficient number of projects appeared in which altcoins compete for the right to have demand, luck was not the most important factor for the opportunity to get rich. Success was very important. Success is based not only on probabilities and luck, it is often a consequence of intention, intuition and intelligence. For Bitcoin, these opportunities closed after about 2012.

PRO: Bitcoi is the first, and thanks to him interest and training was aroused; industry formed by enthusiasts; Necessary actions have been taken to build and adopt a global infrastructure.
CON: Bitcoin is not intended to solve problems and it has many limitations.

Dear wozzek23, I would like the following to be understood: the practice of widespread trade exchange is the only thing that is eternal. And this is what defines the essence of any payment symbol. All derivatives and technologies, all these futures and so on, they are finite. The existence of states sometimes has big surprises, and what could not have been supposed 3-5 years ago suddenly becomes a reality. The same applies to the economic structure of the civilization of the planet.
I do not just believe, I understand that the future is an emission-free economy, in which there will be no derivative financial instruments, and no surplus value from the air. But for this, the world must become truly united.
It should be understood that bank interest and derivative financial instruments are not only a means of making profit and enrichment. This is a powerful catalyst for scientific and technological progress. It works like this: you are a businessman, you took a loan to start a business. To pay off your debts, you must control your business so that it constantly strives to be better than your competitors.
So, our conditional futures and bank interest is a catalyst. But, when you rush to the airport, and you see 200 km / h on the device, you know that you will slow down as soon as you arrive, and get out of the car to transfer to the airliner. And when you take off, you will be supported in a quiet flight by physical laws that are important for the car too, but not intended for flight.
Why Libra or TON with so many followers can bring trouble for a relatively stable transition to a new economic model? But because they embody an emission-free model too early. For now, emissions are needed and important for stability. It is clear that this has a limit, but the basis for such a transition should be ready.
Why is bitcoin not dangerous in the same role? Because it cannot become the basis and base of premature broad payments.
But Bitcoin may have additional features. About which no one is talking yet, and most people simply do not think.

You are right, I agree with you. Value depends on how people think it is value. However, the exclusively speculative value and the value of a useful exchange are completely different things. And in order for Bitcoin to have the value of a useful exchange, you need to have a very wide payment practice. The widespread practice of payments is a privilege of the government and supranational regulators of the global economy. That's all.

Total blockchain industry can arise only in a single universal (global) economic system. In the meantime, the value of cryptography comes down to very useful utilitarian projects based on the principles of control: smart things, transport, accounting, and so on. I did not mention the speculation popular in the blockchain industry today. It is impossible to say unequivocally that this is harmful; one can say that this is the inevitable payment of human nature at a certain stage in the development of civilization.

It is strange for me to hear that bitcoin has value and scarcity. This fully, but in varying degrees, applies to any fiat currency. However, the main reason for scarcity and value is the possibility of a useful exchange, that is, an exchange for goods and services. This function is wholly owned and is in the hands of the bank. In other words, this bank determines how much bitcoin can participate in the real economy. And that’s right if you don’t want chaos. Well, if you want chaos, you are an inadequate person. That, in fact, is all.

I am surprised when I hear that bitcoin is better than fiat. By fiat, we most often understand the dollar. Because in the blockchain industry, bitcoin plays a role similar to the dollar in the global financial system.
But ... The dollar is an abstraction. The dollar remains the dollar in any payment system, platform, application. Bitcoin is both a coin and an “ecosystem.”
Any system (ecosystem) has its own cycle of development and extinction. That is, the time comes when its modernization is no longer possible and it is necessary to follow other principles and create something from scratch.
For fiat, dollar or other possible prospective unit of calculation, this is not permissible. Therefore they are an abstraction. The principles of their treatment and methods of transmission may change, but not the essence.

I have long had a question: what practical benefits and benefits can appear from the fact that the public learns something new about Satoshi’s possible means, about his true face, about what he wrote bitcoin or not? What does all this give? It will help change bitcoin, make it perfect?

It’s strange to hear such performances. This is similar to recognizing Bitcoin as the pinnacle of excellence. Everyone knows that this is not so. Why try to dress a stone doll in a suit for a fashion model? This is what has been happening for several years. Monstrous energy costs, cave speed ... But, on the other hand, all the wealth of those who could make a fortune are concentrated in bitcoin. Moreover, most of these bitcoins are not invested anywhere, does not bring the development of the blockchain industry. Bitcoin is a dead doll, an idol for digital savages.

If you see why the Austrian authorities banned Silvio Gesel’s “free money” in 1932, you will understand why bitcoin was limited, but not prohibited. A global emission-free economy awaits us all. Sooner or later, the problem of world debts and banks will be solved. Silvio Gesel announced the principle of fair money, and in 1932 an experiment was made in the Austrian city of Wörgl on the use of such money. In essence, this was a presentation for the initiates, since the technology of turnover and accounting for such money did not exist yet.
Now such a technology is a blockchain. But it must be brought to perfection.

Any project on a blockchain offering its services in the world begins with a declaration and a list of opportunities. All projects, through their team, say - we can do this, this and that. We will do this, and this and this. However, it is very difficult to cite the example of a project that received a very large audience of satisfied consumers. There are many reasons for this. This is the hypnosis of speculation, this is regulation, this is the state of the world financial system. I learned about the blockchain a long time ago, but it didn't bring me any benefits other than the possibility of making a profit.

Thank you for this topic, and for your post that you posted. These are really very important links. The fact is that, in my opinion, there are no contradictions in these publications. Bitcoin has every chance of becoming the greatest fraud in the history of trade and finance. However, I am not ready to say that this will be done on purpose. Simply, a combination of circumstances can lead to this. I think that there are no people who cook this, but there are people who know about it. And these, you see, are different things...

I like the idea expressed here about the fact that newcomers who do not have enough money, they are forced to invest in shitcoins. This is where the support for shitcoins hides! ) And this, unfortunately, is not a joke. People want to catch their luck. This is what gives life to shitcoins and discredits the blockchain industry. But you can even go further and show that this same principle compromises not only the blockchain, but civilization as a whole. But the problem is also that bitcoin, not being a shitcoin, does not have characteristics worthy of civilization. There are already enough advanced projects for this, but their success has not yet come to them.

Of course, the probability of suddenly getting rich, catching luck, participating in trade, or investing in a project becomes less than it was 5 years ago or more. Nevertheless, the cryptocurrency market is still a chance for those who do not have sufficient resources, and even knowledge. When investing in cryptocurrencies, a lot of things are decided by the general outlook of a person, his philosophical and practical outlook and intuition. In this case, even an amateur in trade, may be the winner by correctly identifying a promising project. Bitcoin in this sense, gives less chances, it is becoming more academic in terms of trade and conservative in terms of technical capabilities. Mental problems, in my opinion, are the lot of professionals and overwork. Here I agree with one of the speakers. Adventurers, as a rule, easily accept both victories and defeats.

Не тянет либра, ни кто либо другой на роль заменителя. Но вот проблемы и неопределенности создает, как прецедент. Это и есть причина того, что не будет до поры ни либры, ни иных других. И это правильно. В таких делах бардак недопустим.

Да, это больше всего бросается в глаза. Очевидные вещи, зачем, почему. А работа идет вполне серьезно. А действия по обеспечению и формализации статуса никакие. Можно предположить, что спектакль имеет эффект отложенного действия; при этом неважно, кто в следующий момент будет владеть проектом. А пока, это "официальное" заявление от тех, кто рулит фин процессами для всех заинтересованных лиц: не нужно мусорить в доме, пока есть кому убирать.

В чем Павел прав, не прав, со стороны как всегда виднее. Но в правоте регуляторов сомневаться вообще грешно. Потому что ни один проект с подобной аудиторией (тон, либра и иже, может быть) не будет официально запущен в авторской версии до решения проблемы мировых долгов. Это элементарный здравый смысл. А то, как это делается, вопрос десятый.

Никоим образом не ставлю под сомнение, то, что Вы сказали, это действительно так. Возможно я повторю одно уже бывшее высказывание, но биткоин, это технология и монета в одном лице, а доллар, например, это абстракция в какой технологической системе он бы не "вращался". Все это подсказывает вывод - биткоин имеет "расчетное" время жизни. Он для чего то нужен еще, кроме того, что стал прародителем нового технологического направления. Фьючерсы не помешают использовать его в качестве средства достижения этого "чего то", только помогут. После чего сама регуляция уже должна выйти на иной, новый уровень.