eaglewhite80
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September 24, 2018, 12:59:30 PM |
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that's the truth. We should know that blockchain technology is very useful and it is helping many businesses to do better. The bank is gradually trying to apply this technology to make every transaction faster and more convenient. Over time, it has always been believed that the banks will definitely find a way to adapt to the space and be able to find a way they can at least take advantage of the benefit that the technology brings not just for the banks, but at least, the whole country as a whole. However, this does not change the fact that the banks will always want to be in control, and hence, the whole idea of trying to come up with some central bank for cryptocurrency is B.S., which can simply work with only whatever they create anyway. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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aencarnaci
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September 25, 2018, 06:14:07 PM |
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Of course it will be a positive news in favor of Crypto world in which the bank and the crypro are working together towards prosperity. The best news regarding banking system supporting crypto currency is JP Morgan in which they will fully adapt Bitcoin and the blockchain technology therefore with these development the future of Crypto currency is more secured.
This is not about the bank and crypto working together, this is about the government trying to see how they can gain control of the space as much as possible. However, this is a decentralized space and unless they want to start bringing up their own centralized currency, a decentralized space naturally removes a third party and that makes it easy for anyone to control the way they spend irrespective of the banks involved. Banks can decide to come in whichever way they like to be able to adapt to the space. we don't need a central bank for cryptocurrency, this is not going to happen even government will take over in this market because for sure no one will invest. This market is created and meant to be decentralized, its ok to have some regulations but never to control by any government. Crypto central bank is just a dream for every government, we should not support it.
Asides from not needing it, it is not even necessary at all. We are talking about decentralization here, and there is no way having a central bank for the whole cryptocurrency can work unless they just are not getting the picture yet. Yeah, banks will adopt the technology, they will create their own coin which will be centralized as there is no doubt or two ways about that, and for that reason, it will still not be different from the fiat we already have in play, except that there would be some level of transparency which is what the technology brings. |
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SirLancelot
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September 28, 2018, 06:50:03 AM |
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I think this is a good news for crypto because the country will start to give permission to crypto, but if a crypto central bank is formed, the decentralized essence of crypto will be lost
This will provide a big scale evaluation or evaluation of cryptocurrency on a macro or aggregate level and its effects on the international trade and the imports if the foreign receipts are paid in cryptocurrency. The world has not yet observed such a game of shift from the fiat to crypto system. Venezuela is already passing through the financial crisis and this attempt to introduce a central bank of cryptocurrency to digitalis their entire economy might result in either a boom or a complete collapse of the country. The country is rich with oil resources and it could have managed its economy by developing this sector. Speculation about the output of this step might lead into an uncertain result. |
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spongegar
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October 10, 2018, 03:02:13 AM |
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Well yes and no. Good news because a country that placed themselves in the ban column of crypto currency would then open up again and make a crypto currency which is backed by a local Fiat currency. Bad news because they're now trying to control crypto currency with a Crypto currency of their own which they could control.
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yusupjatigumilar
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October 10, 2018, 04:50:10 AM |
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Here I see that there will be two effects of a crypto currency bank, first it will have a positive impact on crypto currencies, because with the existence of crypto currency banks the public trust in crypto currencies will increase and this will make the arrival of new investors of course will make supply and demand move and make prices tend to go up, secondly it will have a negative impact because there will be hoax news issued by certain people to get the benefits from it.
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gambitcoin53
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October 10, 2018, 05:47:43 AM |
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banks are essentially being a centralized institution that regulates investments, obviously the opposite of bitcoin as a decentralized platform, and honestly, this kind of news will not be beneficial to crypto or bitcoin for that matter, but adapting the technology and create their own coin is worst, imagine a whole country will not use bitcoin but use their own coin, which is happening nowadays, more countries are creating their own ICO, different coin but same platform and technology. this will surely hurt bitcoin as a whole. |
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strideynet
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October 21, 2018, 02:49:08 PM |
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I do not quite understand the meaning of the name "Decentralized Bank". Cryptocurrency in your pocket is a Bank
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Semosuchi Tesongrato
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Rasputin Party Mansion
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October 21, 2018, 03:53:51 PM |
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Maybe it's not ridiculous, and surely most people will not understand the problem, but when there is a central bank issuing a crypto, this is no longer a crypto but a normal electronic currency. It would mean the death of the crypto. |
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virtfund
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October 21, 2018, 08:20:51 PM |
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Blockchain technology is used for crypto currency and there is no need to a central authority. Establishing a central bank is not reasonable. It means that governments will have control on crypto currency and they can manipulate prices for their own benefit. Also, they can easily implement some regulations like international taxing.
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Victorycoin
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October 21, 2018, 09:24:57 PM |
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To me there are positive news for the cryptocurrencies market and that is to say that government of India has seen positive things in cryptocurrencies and the only problem I have seeing there is if governments can tax cryptocurrencies earning they will definitely like to used it.
Is that really a positive news for the cryptocurrency markets? All I see is same old story of liking the blockchain technology, but hating Bitcoin and it looks like the Federal Reserve bank of India are about to add a more dangerous twist to the ugly situation by setting boundaries for their proposed coin. |
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Ziskinberg
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October 21, 2018, 11:32:17 PM |
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Blockchain technology is used for crypto currency and there is no need to a central authority. Establishing a central bank is not reasonable. It means that governments will have control on crypto currency and they can manipulate prices for their own benefit. Also, they can easily implement some regulations like international taxing.
Right.We all want a decentralized system so if a central bank for cryptos will be created,then the system will be centralized already.I think this is not good to the majority of crypto users since our transactions will be easily tracked already and our freedom will be minimized too. |
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squog
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ANONYMOUS MOBILE PAYMENTS
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October 22, 2018, 03:33:08 AM |
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I don't know about a crypto bank. I mean what will be its function? Will it streamline beeds like maybe insurance, lending and others in the form of blockhains? Will it have functions where you put your wallet in their hands so that if you lose your access they cannaccess it for you? I mean those the stuff i want to see if ever we have a crypto bank.
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yusupjatigumilar
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October 22, 2018, 03:53:00 AM |
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it is not a ridiculous thing to make a central bank crypto currency, this has happened a lot in countries like Africa and Germany and in some other countries, of course this is a good thing because it will attract investors to buy crypto currencies and of course it will make crypto currencies become more expensive and more potentially profitable if chosen as an investment commodity |
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chairmanMao
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October 28, 2018, 06:37:43 AM |
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This is good news. Such a stable currency will help to develop the growth of cryptocurrency. In fact, the government has begun to accept cryptocurrency. This is the trend.
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Janation
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October 28, 2018, 06:50:12 AM |
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Blockchain technology is used for crypto currency and there is no need to a central authority. Establishing a central bank is not reasonable. It means that governments will have control on crypto currency and they can manipulate prices for their own benefit. Also, they can easily implement some regulations like international taxing.
Right.We all want a decentralized system so if a central bank for cryptos will be created,then the system will be centralized already.I think this is not good to the majority of crypto users since our transactions will be easily tracked already and our freedom will be minimized too. What are you saying? Our transactions can be traced a long time now. Do you know the site Blockchain.info? That site has all the transactions being made and you can just search your Bitcoin address there. It might not be perfectly traced or tracked but you know the idea, it is all listed there. But like you, I also disagree about central bank of cryptocurrencies since the reason why cryptos are made is for that, to not need a third person to take care of your cryptos, you yourself can manage your cryptos alone. |
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Maknae09
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Ternion | Hybrid Crypto Exchange with fiat gateway
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October 28, 2018, 07:06:14 AM |
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You know the main reason behind the creation of bitcoin and is included in satoshi's white paper? it should be decentralized meaning to say that no third parties should interfere with the transaction. |
▃ ▄ Ternion ▀▄▀ Ternion | Hybrid Crypto Exchange with fiat gateway ◥◤ ICO Start: 01 OCT 2018 (http://www.Ternion.io/) |
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bce
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October 28, 2018, 09:06:13 AM |
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To me there are positive news for the cryptocurrencies market and that is to say that government of India has seen positive things in cryptocurrencies and the only problem I have seeing there is if governments can tax cryptocurrencies earning they will definitely like to used it.
it is true what you say will certainly happen to the central bank for crypto currencies, but the legality of the government is needed and with certainty the rules that will be issued and if indeed for the future it is better it might be possible |
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kakonhat
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Crypto in my Blood
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October 28, 2018, 09:45:09 AM |
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We are getting much positive news occasionally on behalf of Bitcoin but the total market standing in the same position (we called stable), maybe for the correction. There could be one more reason SEC. Whatever we are waiting for the good movement and we hope it will soon. |
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Gastotade
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Colletrix - Bridging the Physical and Virtual Worl
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October 28, 2018, 01:18:44 PM |
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We are getting much positive news occasionally on behalf of Bitcoin but the total market standing in the same position (we called stable), maybe for the correction. There could be one more reason SEC. Whatever we are waiting for the good movement and we hope it will soon. Small news doesn't have impact in market now, what we really waiting is much bigger news. But having some regulations still worth having for avoid too much scam. |
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denuhaqiqi
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October 28, 2018, 02:42:37 PM |
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the central bank might issue their own crypto currency, using blockchain technology. However, the central bank's crypto currency will certainly be different from the crypto currency that currently exists. Because the crypto currency released by the central bank will still have assets that are the basis of the transaction. and the pattern of calculating the circulation of crypto currencies will be adjusted as well as circulation of state money. decentralized, anonymous, and some of the characters of bitcoin as cryptocurrencies may be lost with the central bank. because the state is always present to be able to control and they will not risk something they cannot control. it is inversely proportional to the creation of bitcoin
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