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Author Topic: Private Coins from banks and governments  (Read 254 times)
soname12
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March 02, 2018, 03:48:17 PM
 #41

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
No need to try to change this, the big companies around the world want to develop their blockchain technology is also good news for us. The growing number of organizations and companies that use it and develop it as an option will help the world accept it as an economic sector.

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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and Bither are OK.)
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March 02, 2018, 04:25:43 PM
 #42

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
They will surely try to do it, it would be a mistake to not take that opportunity and I'm sure that many are going to fall and buy those coins, this is similar to all of those that are only holding paper gold instead of the real thing but like them they are going to regret not holding gold or bitcoin when the time comes, but you need to understand that there is nothing we can do to stop banks and governments of creating their own coins in the same way we cannot stop scammers to create a bunch of useless coins either.
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March 02, 2018, 05:06:51 PM
 #43

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
In essence the tokens made by bank are the same virtual currency. I read that it becomes to distract attention from other tokens, especially that whose transactions cannot be traced.

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March 02, 2018, 06:05:48 PM
 #44

If things go haywire and no compromise or resolution can
be settled and achieves with the issues concerning cryptocurrencies
everywhere with banks and other types of authorities, they could possibly
and likely resort to that kind of solution. It's possible, they have the resources,
the man power, the technology is available, they have the investors and most of all
the legal authority to pull it off. If that happens it's gonna destabilize the decentralized currencies
out there, a formidable opponent to bitcoins and altcoins in the market. Maybe it will happen or maybe
it won't, we don't really know. We still even have questions on the current digital currencies that is still the
hovering with everyone. It is quite hard to speculate but honestly anything can happen from this point onward.
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March 02, 2018, 06:21:09 PM
 #45

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?


Well honestly, I think that it can be a possibility if they really wanted it and tried to pursue it. The reason as to why I have said this is because clearly, if you think about it, the banks and the governments together with the elites that run them are truly very powerful and can really be able to do whatever their minds thinks of if they decided they really wanted to do it. Just imagine how they control media and have the luxury to bend the laws in their favor. Because let's face it, most of the people here are very greedy and would not give a fck's ass about anything as long as they get paid, this is the sad truth.

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March 02, 2018, 06:47:21 PM
 #46

Nothing can be done to stop it as blockchains are open source in nature. They wouldn't be "luring" their own customers but it the characteristics of that blockchain are not decentralized and open, then you don't have a blockchain built in the spirit of crypto. What you have is a centralized entity changing the way it issues money, nothing new there.

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March 02, 2018, 07:08:32 PM
 #47

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
Actually it was happenned before, ripple is a coin which is not open-sourced and at the same time bank owned. Also in our country, banks will used blockchain technology to make thwir transaction faster but not transparent. You can just simply ignore this kind of altcoin and blockchain since the true nature of cryprocurrency is being decentralized and open sourced for security purposes.

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March 02, 2018, 09:01:26 PM
 #48

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?

I hope to see banks that has own coins. But it seems hard. Because disbursements will increase if they create private coin. They may have problems with governments. Beside this situation is against with cryptocurrency.

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March 02, 2018, 09:04:59 PM
 #49

It will probably happen banks are also interested in the technology behind ripple. But as soon as one of them creates it it won't be decentralized which is the whole attraction of crypto.
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March 02, 2018, 09:52:22 PM
 #50

Banks have already started trying to implement "blockchain technology" into their current system. I think that they are trying to lure people who have heard about cryptocurrencies but they are not into more technical things. We can't really prevent it, can someone enlighten me why would they replace their system with something that won't change much for them and will only generate huge costs? The rich might try to create their own coin without any distinguishing features, pump it and then sell it.

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March 02, 2018, 10:27:06 PM
 #51

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
The big corporates or any government around the world can come up with any new token but it does not mean that it can replace bitcoin,i am here in the crypto currency market simply because of bitcoin and the decentralized freedom it gives and there are a lot of alt coins in the market and i will just consider these government coins or tokens as alt coins and there is nothing you can do to prevent anyone from creating their own coin.














 

 

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achsan fauzy
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March 06, 2018, 06:12:01 PM
 #52

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
Now that cryptocurrency is going mainstream, obviously banks and other big corporations are going to try make their own crypto. There were rumors of Amazon making a new coin, and such. There is no way to stop this, or rather the need to stop this. Most likely these coins will fail like the thousands of other shitcoins.
Many governments are banning the use of bitcoins, and are interested in making new coins that are new in their country. But most of their coins die and do not sell in the international market.

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March 06, 2018, 06:31:13 PM
 #53

Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
Now that Goldman Sachs is involved with buying poloniex as he invested to Circle and JP Morgan bought bitcoins after Jamie Dimon spread FUD that bitcoin is fraud. There is a chance that they are luring their clients to invest to crypto, not saying with their own plan but that's what I can say.

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March 06, 2018, 07:59:34 PM
 #54

Banks have already started trying to implement "blockchain technology" into their current system. I think that they are trying to lure people who have heard about cryptocurrencies but they are not into more technical things. We can't really prevent it, can someone enlighten me why would they replace their system with something that won't change much for them and will only generate huge costs? The rich might try to create their own coin without any distinguishing features, pump it and then sell it.
those people who will do this, he will not have the opportunity and knowledge. For us it is not possible to comprehend it, but so the result will be seen that the crypto currency will not be able to do anything with the banking system. It is even possible that the banking system will absorb the entire crypto-currency market.

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March 06, 2018, 09:35:30 PM
 #55

Banks have already started trying to implement "blockchain technology" into their current system. I think that they are trying to lure people who have heard about cryptocurrencies but they are not into more technical things. We can't really prevent it, can someone enlighten me why would they replace their system with something that won't change much for them and will only generate huge costs? The rich might try to create their own coin without any distinguishing features, pump it and then sell it.

Crypto-Currency is unstoppable, or the old system joins it or they are over. So that is what these guys are trying to do, joining Crypto-Currency, learning Blockchain technology and developing their own projects (centralized ones). For them it's a survival game.

Some people say they make people exchange their Bitcoins into centralized digital currencies, then these big guys use the profit received to buy Bitcoins and hold. This way they are accumulating Bitcoins on long term, while the fools exchange all their coins into centralized digital currencies. The goal is to have enough Bitcoins on their hands to be able to heavily influence the market. Though that is just a theory.

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March 06, 2018, 09:49:42 PM
 #56

Banks have already started trying to implement "blockchain technology" into their current system. I think that they are trying to lure people who have heard about cryptocurrencies but they are not into more technical things. We can't really prevent it, can someone enlighten me why would they replace their system with something that won't change much for them and will only generate huge costs? The rich might try to create their own coin without any distinguishing features, pump it and then sell it.
Can you tell me which banks started to implement blockchain technology? I don't know.
What I have heared about others trying to implement blockchain technology is that Georgian goverment works on some blockchain projects with Bitfury and currently their aim is to implement it on Land Registry.

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BlackBoxRecords
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March 08, 2018, 12:22:29 PM
 #57

Nothing can be done to stop it as blockchains are open source in nature. They wouldn't be "luring" their own customers but it the characteristics of that blockchain are not decentralized and open, then you don't have a blockchain built in the spirit of crypto. What you have is a centralized entity changing the way it issues money, nothing new there.

I think that many people that are looking for a quick buck are not much into the spirit of crypto, they have heard that they can make money but they don´t really understand the concepts behind it.

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March 08, 2018, 12:43:42 PM
 #58

Those people and companies you mentioned are really powerful another one is the government i think they can do it if they create their own coin and blockchain all of them are really ifluential even to the public so they really have the chance to pull this kind of thing if they want to let's just hope they not cause we can't do anything if it started.

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March 08, 2018, 12:55:04 PM
 #59

I think after the bank may develop their own digital encryption currency, on the support of digital currency bank is easy to get people to believe that the bank of the ico can raise some money for research and development of block chain!

The bank's digital cryptographic currency is a medium for promoting economic growth.

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March 08, 2018, 01:04:28 PM
 #60

I think after the bank may develop their own digital encryption currency, on the support of digital currency bank is easy to get people to believe that the bank of the ico can raise some money for research and development of block chain!

The bank's digital cryptographic currency is a medium for promoting economic growth.
That's possible. But I am sure that banks can attract only those people who do not believe in the future of cryptocurrencies. Those who know the benefits of crypto-currencies will never be money in the Bank. I don't see prospects for Bank cryptocurrencies. They will be no different from traditional non-cash money.
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