central banks and Bitcoin

[Cosbycoin]

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

That is true, that is why I don't think any decentralized cryptocurrency will ever replace the current system of fiat. Right now fiat currency is regulated by the governments but this is not for reasons that is quite easy to understand for others. A lot of people do not realize this, but if we just leave the financial system to be similar to bitcoins everything will go into chaos.

But Upto me ,Bitcoin will replace any Fiat currency. If you inverse in gold means.It will give you only time profit. But it's value of bitcoin is keeps on increasing  day to day.And Central Bank will gives you ,6& 8%- interest for your holding bitcoin. But in bitcoin, the weekly profit you will get

,i thunk your idea might be quiet possible in a long run, not for now, because if we look unto our current situation it is really hard to tell that it could replace fiats sooner or as soon as possible but there is also a slight chances that it could speed up a little faster, but still who knows, for me I don't even trust the centralized banks or whatever it is.

Yes this is better for people that as they do not need any bank for holding bitcoin, they are free from the government rules for money making and controlling. People are free to buy and use their bitcoin wallet which is totally out of the control of the officials.

You can hold your bitcoin in your blockchain wallet or any other wallet you like. The central bank has no command and approach to your personal bitcoin wallet for anything else.

[adam1230]

Most of central banks are crashing their heads to walls. And thinking the reason of why they didn't make their own crypto currency 5 years ago.
Most of them trying to integrate to blockchain but they don't have enough IQ to do this

[Roman Abraham]

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

It is precisely at this time that causes a monetary crisis in a country is due to the bank policy that only benefits to their people and instead take advantage by draining the small people who do not know anything. they are all forced to pay a large interest even greater than what they borrow from the bank. bitcoin present offers to us to be free from our dependence on the bank. so I think the monetary crisis can be pressed with the bitcoin system right now.

[BlueStackz]

Bitcoin is not a regular currency because it is limited in supply, the government does not want to have this kind of system in place as for sure there will be a problem of shortage, when there is a shortage they can easily print money while it's not possible in bitcoin as it is design to have a fixed supply.
Bitcoin is not just a currency because of it's limited supply, it is also an investment so it could be an asset or currency depending on how you define it.

Yes, this is also a problem for governments and its central banks that if they need more bitcoin, it is not in their reach that they arrange the supply. Because it is not paper currency and they do not print it. So, I feel that any central bank of any country would not be able to fulfill the demand of the people for bitcoin. That’s why they do not take any part in bitcoin mining and anything else related to bitcoin.

According to your opinions people will do not want to keep their bitcoin in central or any other bank as you mentioned because of the return rates. Any bank gives a very low profit of interest and direct dealing will give you much higher profit.

Therefore in my mind central banks are not a good option for your bitcoin. If you want more and more profit in less time you should keep bitcoin in your blockchain or other wallet.

[Maddinson100]

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

Have you ever asked why the market is not being disturbed by issues relating to the banking sector, its because there is no central bank of Bitcoins, the market is fully owned by users and regulated by them.

Why should bitcoin be introduced into the country's financial system?
Bitcoin is a unique and independent system. It is important and valuable without introduction to the banking system.
I am confident that bitcoin will never be the basis of the economy. But this does not upset me, but pleases me

I don’t think so that bit coins need a central banking system for stability and monetary purposes because bitcoins are well known because they decentralize the economic system developed by governments.

People owning bitcoins don’t need any special permissions from their banks to spend bitcoins in any way they want.

[mustakforum]

everything will be fine just according to what we want. bitcoin and central bank

[Senja Kemuning]

Bitcoin and bank are two things that are difficult to put together, the presence of bitcoin becomes a threat to the bank so the bank will not accept bitcoin. if one day the bank receives bitcoin then the user will increase significantly and the fiat money will decrease in value.

[nightways]

I suppose it will in some way try to regulate and start dealing in bitcoin and accept bitcoin because it is a big threat to banks but there is no way other than accepting and dealing in bitcoin for banks and bitcoin is the future and it is unstoppable because of its nature.  

Absolutely, banks and bitcoins are so different. They are totally flip at a side. Banks always want to control all the circulation of money where bitcoins are decentralized. No one control bitcoin directly whereas policies of banks are totally opposite.

[semutracing]

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

bitcoin or other altcoin has nothing to do with the central bank because bitcoin is a crypto currency whose value can not be affected by its government policy

[tinystone26]

I think about central banks and bitcoin is if bitcoin come to a success that many people now trust bitcoin to use them it their daily routine I think central banks will ask the government to be a part of it also because they may lose their job on their own currency they have and I think it will possible to make banks a part of bitcoin maybe soon.

[GangNamSK]

I suppose it will in some way try to regulate and start dealing in bitcoin and accept bitcoin because it is a big threat to banks but there is no way other than accepting and dealing in bitcoin for banks and bitcoin is the future and it is unstoppable because of its nature.  

Các ngân hàng, nếu bạn muốn tồn tại trong tương lai gần, phải tìm một cách để hòa giải với bitcoin để tìm một cách để phát triển với bitcoin nhưng không quản lý nó. Không dễ dàng để các quốc gia và hệ thống tài chính của họ chấp nhận điều đó nhưng thực tế là nếu các ngân hàng không thích nghi với thị trường mật mã toàn cầu thì ngày ngân hàng sẽ bị loại. Cuốn sách sẽ không quá xa.

[cizatext]

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

The fact still remains that bitcoin can never replace fiat money reason being that bitcoin is not coming from the government and the government don't have total control over bitcoin even if bitcoin is centralized today the technology behind it, will make it impossible for the government to have total control over bitcoin and at that the government can not take the risk of replacing what their have control over with what their can't control. The highest the government can do is to allow bitcoin to be use as a secondary currency.