Hello crypto! Bye bye credits?

[didirun]

No, your view is not correct. Cryptocurrencies and government banks can coexist. Not that you die. This is meaningless. Credit is very important.

[ejswift]

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

dont be so excited and ont assume too much because we are not very sure how long cryltowill be there in our side because we know that cryptoworld is unstable so..

[Cryptoreflector_666]

Well there are ICO projects already aiming to have a loan for a crypto and i do not know how it works. I was just actually having some interest with the project since i myself had also gone to banks to get a salary loan. I have my first salary loan in the bank when i bought a subdivision lot near to my work and now i am still paying that lot which is being deducted to my monthly salary for the its montly ammortization.

The story is very familiar. Only I had a loan for a car with which I am still paying and this is a very, very nervous process. Therefore, the topic of loans on blockchain is especially interesting to me now.

[Cryptoreflector_666]

I guess the blockchain connected to ID and notarial informations could make crypto loan more safer.
We can imagine that if you don't pay the loan you get automaticaly sued through the blockchain?

What a dystopian nightmare all you guys are dreaming up. There is no need for state/third party actors, or Legal process in any of this;  you can do biological ID with no LEGAL identifiers... there are many working on this and this is crucial...

with Legal jurisdiction implied you are a slave, bound by antiquated laws drawn up by bankers to keep the peasants in their place and keep a constant funnel of fiat/national (LEGAL TENDER) flowing up to the elite. Crypto is outside of this jurisdiction until you try to re-enter the system via fiat/name. TENDER FOR LAW - Debt in transit - LEGAL TENDER... this the fiat military slave money.

The real open/decentralized cryptos will succeed in the end... with innovation that our minds cannot even remotely begin to fathom. This is the birth of crypto and we ain't seen nothing yet compared to what can be achieved through this.

No one rejects the notion that Fiat banks and the financial system built on hard currency in terms of lending is nothing but slavery in the 21st century. However, we are trying to find some way around it.

[Cryptoreflector_666]

For me crypto should not made as credit.it is too hard to pay ur debt using crypto.this is just for me.i guess so.crypto is actual money moving here unlike credit so dont make crypto as credit.or dont say goodbye to credit.well i know possible too to have credit using crypto but it should be manipulate also by banking process to do payment as well.

The fact is that if the loan taken in the ripta is used for projects that are built and involve the turnover of the crypto currency in their own business, then there is no problem because you will pay it at the current rate. but if converterwill in Fiat then it will come will bother ocens much.

[Cryptoreflector_666]

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

dont be so excited and ont assume too much because we are not very sure how long cryltowill be there in our side because we know that cryptoworld is unstable so..

Any innovative phenomenon in the world at its first steps of formation will always be unstable. But the fact that today we can pay for things and services with cryptocurrency gives great hope for its growth and development in the future.

[Cryptoreflector_666]

Credits are always going to be in here, specially if we are talking about banks, credit cards, and all the other stuff that most people in here (including me) hate.

  All right. The only variation of the adequate development of lending is blockchain and crypto-currencies, but the system itself is still in question and requires the intervention of good minds in the development of the technical process directly

[Cryptoreflector_666]

There are actually ICOs around having a concept of letting people borrow or lend money through blockchain. One of them is MoneyToken ICO and it's giving borrowers the power to use their Bitcoin or Ethereum as collateral for their loans. If ICO like that will proliferate, i bet traditional loans will exists no more in the coming years.

What does the process of regulation of safety in the jumps of the course in cryptocurrency? It would be interesting to learn more about this. Do you have any experience with this project or maybe your friends or acquaintances?

[Cryptoreflector_666]

If you have surplus money you do not like to send savings to get interest then you can come to the world cryptocurrency will always welcome you and cryprocurrency will give you more profits than that

Well, this is still unreliable, given that not everyone is familiar with the crypt at such a deep level. Here you need help and advice of specialists otherwise there is a possibility to lose all the accumulated capital.

[Cryptoreflector_666]

if anyone knows about the world of crypto it will surely stay credit in the world and much better the first of the second it must take a long time .

Taking into account how quickly the technology and digital payment method are developing, there is not much to wait for. Maybe a couple of years - no more.

[Cryptoreflector_666]

For me crypto should not made as credit.it is too hard to pay ur debt using crypto.this is just for me.i guess so.crypto is actual money moving here unlike credit so dont make crypto as credit.or dont say goodbye to credit.well i know possible too to have credit using crypto but it should be manipulate also by banking process to do payment as well.

Since blockchain has the property of decentralization, the security issue is much higher than the usual banking system. No one and nothing at this point can surpass this technology and this is its main advantage.

[senne]

No this thing is not possible in the early phase, Banking still plays important role and will figure to fix things if situations get worse.

[Cryptoreflector_666]

I think that you should not place high hopes and expectations on the crypto currency! I think everyone knows that the most money is earned by early investors who bought bitcoin for less than $ 1. At the moment to earn on the crypto currency you need to understand all the subtleties!

I completely agree with you! At the moment, at least inextricably hope that you can make a lot and quickly! The market is not growing at this pace, and the popularity of crypto currency is beginning to fade!

The popularity of cryptocurrencies depends on the HYIP moments and it moves cyclically. after some time, the popularity of the crypt will grow up to the heavens again. According to my forecasts at the beginning of this autumn. So it makes sense now to purchase a crypt

[Cryptoreflector_666]

No this thing is not possible in the early phase, Banking still plays important role and will figure to fix things if situations get worse.

At an early stage, of course not, but there should be prototypes and prerequisites for such services. in the future, they will be optimized and developed, but so far there should be at least some small sprouts.

[Corelianer]

it is possible to implement this by creating a stable cryptocurrency, or create a mechanism for its conversion. a loan is based on the ratings of the borrower.

[Crogobertolacquanda163394]

Credits never die ! 

[ani4]

I guess the blockchain connected to ID and notarial informations could make crypto loan more safer.
We can imagine that if you don't pay the loan you get automaticaly sued through the blockchain?

What a dystopian nightmare all you guys are dreaming up. There is no need for state/third party actors, or Legal process in any of this;  you can do biological ID with no LEGAL identifiers... there are many working on this and this is crucial...

with Legal jurisdiction implied you are a slave, bound by antiquated laws drawn up by bankers to keep the peasants in their place and keep a constant funnel of fiat/national (LEGAL TENDER) flowing up to the elite. Crypto is outside of this jurisdiction until you try to re-enter the system via fiat/name. TENDER FOR LAW - Debt in transit - LEGAL TENDER... this the fiat military slave money.

The real open/decentralized cryptos will succeed in the end... with innovation that our minds cannot even remotely begin to fathom. This is the birth of crypto and we ain't seen nothing yet compared to what can be achieved through this.

No one rejects the notion that Fiat banks and the financial system built on hard currency in terms of lending is nothing but slavery in the 21st century. However, we are trying to find some way around it.

Fair enough, I'm just putting it to people here, that the "way around it" is by using cryptocurrencies correctly.

Those who don't know what Babylon/Legal/Fiat is, will continue to use it and give over jurasdiction (claiming to be slaves); those who are able to get literate in crypto-currencies , will be able to live freely without giving jurasdiction over to the criminal Private Law Society that claims the Earth for itself. Heaven and hell always exist as external manifestations of the internal metaphysical/angogical play of experience. The question is not whether you go to heaven or hell, but how much heaven/hell you are helping manifest with your intent/actions and words. <3

I get a little disheartened that so much of the crypto community is unaware of this aspect of bitcoin/truly decentralized+open and public crypto-currencies... but it is nice to see many do also

[KrakenZ]

I have never made a loan through crypto currency. So far I have never heard anyone offer loans in the form of crypto currency. The real world of banking and crypto currency can not be separated. If we want to have crypto currency then the only way that can be taken if we do not have the capital that is by taking a loan in the bank and then to buy crypto currency or invest in crypto currency. Another safer way, better follow the bounty campaign patiently until you have enough income to invest in crypto currency.

[Marlo Stanfield]

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

No chance that the concept of credit will ever disappear really. Personal and business credit is like the oil that greases the economy. Risk and reward will always be there for lenders, and the demand will also always be there for people with cash flow or other issues.

[PAKYU]

we are talking about future, this is obvious one but are talking about near future or opposite? this is the real problem.