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Author Topic: Central Bank of Crypto-Currency  (Read 460 times)
beerlover
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September 10, 2018, 01:06:55 PM
 #81

I also see this altitude in what China is done by banning bitcoin so that it can protect its own Yuan. I do not feel sad about India or China for taking this bad steps as their actions have not stopped the spread and adoption of cryptocurrency with other countries. As for a central bank for this, it is a big joke.
Absolutely, all these things will not stop the space from evolving and developing the more and that even exposes them of their so many shenanigans over the years. Like you said; the whole central bank thing is a huge joke and that simply shows how limited their understanding of how the crypto space should be like is quite low. What they are simply just looking for is to accept the idea that blockchain technology is the future but sorry, we can only allow it to some extent and most of it will still be controlled.

It will actually be a very great thing if India can do this after the many fears that have been spread all over the country in recent past as a result of the government's hostile attitude towards cryptocurrency.
How would it be very great? The signs are all written over the wall, they are not in support of anything decentralized and all they are after is pure level of centralization. It may be a good step forward, but it does not change the fact that it is still going to be the regular fiat all the same. Nevertheless, for the fact that most countries are now beginning to adopt the blockchain technology is a good thing, but I really do not see the importance of the bank of crypto as that sounds ludicrous to me.


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September 11, 2018, 10:31:53 AM
 #82

I do not quite understand the meaning of the name "Decentralized Bank". Cryptocurrency in your pocket is a Bank

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September 11, 2018, 11:03:41 AM
 #83

crypto decentralized bank Binance is working towards it we can expect soon decentralized banking more superior and faster companies more than wallets
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September 11, 2018, 11:09:46 AM
 #84

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency
Crypto currency is decentralized so we will soon have a decentralized bank too.  But our wallet may be considered as our bank already. And I feel more secure in my wallet.

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