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Author Topic: bitcoin future expectations of the financial world  (Read 587 times)
hellen xaveria (OP)
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September 28, 2017, 02:02:22 AM
 #1

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?
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September 28, 2017, 02:07:00 AM
 #2

I think it goes to highlight the potential behind blockchain technology. We all know bitcoin is god among cryptocurrency users but blockchains are admired by literally everybody who understands them. They have the ability

to change the way we see, think, and do everything in our everyday lives. To me it is akin to either the world wide web coming online and the spreading of information or the smartphone which is having a powerful computer

in your hand. Lastly, as powerful as those first two movements and revolutions were I think this one of blockchain tech will be bigger and have a more lasting impact on society. It is the start to something we cannot imagine yet!

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September 28, 2017, 02:08:44 AM
 #3

Banks and business will go where the money is going. Once the common man starts dropping money into Bitcoin and the market cap hist 20 trillion, it wont matter if they like it or not, they jump in with both feet.
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September 28, 2017, 02:13:57 AM
 #4

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?

My expectations to the bitcoin is it will become $20,000 per each. I also dreaming that the bitcoin is the best way for us to become a millionaire. Bitcoin will help to fulfill my dreams in my life.

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September 28, 2017, 02:18:05 AM
 #5

I think that it is a good sign that the blockchain technology is being accepted and adopted by the financial institutions, but this does not necessarily mean the same for bitcoin itself. It is still possible that some of the big banks could simply use the new blockchain system to move digital dollars around without dealing with actual bitcoin. Or they might go with some other cryptocurrency like ethereum. However there still may be some indirect benefit for bitcoin holders due to the increased attention on blockchain and the fact that bitcoin is still the most well-known cryptocurrency using that particular technology.
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September 28, 2017, 02:21:12 AM
 #6

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?


I think many cryptologists and digital security systems professionals do like bitcoin ... and that is what really scares the banking ecosystem; how can you be a bank if the best safe builders are working for themselves ?

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September 28, 2017, 02:23:17 AM
 #7

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?


If a bank adopts a blockchain system it means that bitcoin has a very positive impact and that means in the future it may be bitcoin will be a real currency. But by the way I have not seen any banks adopting a blockchain system.

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September 28, 2017, 02:28:50 AM
 #8

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?


it could be a sign that government especially the bank is trying to learn and approve bitcoin but they are not yet giving statement or news about this. but soon after they are finish to implement their system with the blockchain system, I am sure that they will giving any clarification to public. I think they are now is trying to know and studied blockchain technology because I think its a new technology for them and they need to use all of their resource to learn. this will bring a new hope for us because soon bitcoin become a legal in real life and people don't have to be afraid to use bitcoin and they can spend their bitcoin in local store.

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September 28, 2017, 04:37:28 AM
 #9

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?


If a bank adopts a blockchain system it means that bitcoin has a very positive impact and that means in the future it may be bitcoin will be a real currency. But by the way I have not seen any banks adopting a blockchain system.
Banks are trying to adopt blockchain technology as they know that they could make the banking operations faster and more efficient, also they have a fear that when people come to know about it they feel comfortable with using the technology behind bitcoin and demand increases automatically.

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September 28, 2017, 04:40:29 AM
 #10

there are so many works being done to adopt the blockchain "technology" in banks and other sectors, there is even talk of national cryptocurrencies and some countries have already started the projects such as India with their Lakshmi coin.

but it will always be the same centralized currency like fiat. the government will have full control over it and they will issue as much of it as they like and it will be like "digital fiat".

this won't do anything to bitcoin because bitcoin will still have two major advantages over these things: 1. decentralization 2. being global.

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September 28, 2017, 05:08:31 AM
 #11

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?

No. If they were accepting bitcoin they wouldn't need to create their own blockchain system. Banks aren't adopting the blockchain (as in Bitcoin's blockchain), they're adopting blockchain technology. Blockchain technology can be used for all sorts of uses, great uses, and all but one have nothing to do with Bitcoin or cryptocurrency.

Banks are publicly quiet on Bitcoin because they don't want their customers to call them crazy. But secretly, they're buying Bitcoin. Banks are in the business of making money through investments, and whatever investment is paying they've got their eye on.
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September 28, 2017, 05:35:18 AM
 #12

There is a massive difference between the way Banks want to implement Blockchains and how a Public Blockchain like Bitcoin works. These Banks wants to implement Private Blockchains, which will be under their full control. They want to exploit the advantages of the Blockchain technology < higher security & zero anonymity & control > to serve their hidden agendas.

Most countries want to get rid of cash, because it gives them less control over the monitoring of people's transactions. These private Blockchains will give banks FULL access to all your transactions. ^grrrrrrr^

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September 28, 2017, 06:43:31 AM
 #13

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?

I hope for the future about the financial world that we must really take advantage and can read what and how will happen in the future, so that can reap the results in the future Huh

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September 28, 2017, 07:12:50 AM
 #14

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?


It is a sign of good thing and helpful for financial systems, Although bank adopt the blockchain, then may be in future bank decide something more and the also adopt the bitcoin. But it will be difficult that bank and bitcoin work together. But bank take a right decision, and it affect on bitcoin and our financial system, But of course in future bitcoin always give a positive effects on financial system.

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October 02, 2017, 05:34:26 AM
 #15

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?


It is a sign of good thing and helpful for financial systems, Although bank adopt the blockchain, then may be in future bank decide something more and the also adopt the bitcoin. But it will be difficult that bank and bitcoin work together. But bank take a right decision, and it affect on bitcoin and our financial system, But of course in future bitcoin always give a positive effects on financial system.
As I mentioned earlier, banks only care about the money. If more people start using crypto and Bitcoin, banks will jump on board. If it doesnt expand they wont care at all.
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October 02, 2017, 06:03:58 AM
 #16

I think countries are now accepting the technology of crypto currencies and sooner establishment will adopt this kind of payment method. I can see bitcoin is growing very fast and the demand also is getting higher each year if this trend will continue more countries will need to adjust and move their economy towards bitcoin market.
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October 02, 2017, 06:09:00 AM
 #17

You got to tell more about the blockchain they're adopting as I have a feel that this would be a private blockchain where they have all the control. And ofcourse that has nothing to do with bitcoin. If what I've said is the case, your bank is just making marketing moves to unsuspecting consumers and presenting it as better than bitcoin.
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October 02, 2017, 06:09:51 AM
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today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?


Well, blockchain and bitcoin are two different things. Banks adopting blockchain techonlogy doesn't really mean that they are liking bitcoin, in fact most banks don't like bitcoin since it directly rivals their business.

But yes, in the future i can see that bitcoin will be a worldwide phenomenon and presence. There will be way more uses both irl and online for bitcoin than there are right now.

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October 02, 2017, 06:15:59 AM
 #19

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?

I think here you have some misunderstanding Because here to accept blockchain techno doesn't mean that those banking system are in favour to accept Bitcoin .
Here I can give example of mine country where the big bank that is State bank of INDIA looking to start blockchain technology in Thier banking system so that they can make Thier system of banking more secure like bitcoin have .
But opposite of this those banking system of state bank of India are against the bitcoin and saying that bitcoin is a evil and it should not be in the country .
So here we can understand well that bitcoin now have now competeter with own technology  , where people copying the bitcoin technology and going against bitcoin .
Well here we know everything and no one can stop us to use bitcoin at any condition .
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October 02, 2017, 06:37:30 AM
 #20

I hope the future of bitcoin in the world of finance can grow rapidly ,, and progressively, so bitcoin can become world currency ,,

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