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Author Topic: Are Cryptobanks Future?  (Read 1215 times)
Oilacris
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January 03, 2019, 03:28:26 PM
 #21

Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

Definitely, I believed that crypto will be the future of financial system. People doesn't need a third party to make transactions, that's a huge step. And that's why government wanted to regulate it, I guess it's still a win-win situation though, we can enjoy crypto and at the same time government imposing tax on it can probably help them fund various public expenditures.
But big "IF", if those funds would really be used up on public expenditures.We cant really change the fact that Taxes is really an important thing for a certain countries economy to grow. Going back on topic,
I don't know on what kind of Cryptobanks is being talking about here just like been said or asked above, is this literally talking cryptobanks or the usage of banks of blockchain tech?
We don't need banks for our crypto holdings since our wallet would be enough.



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January 03, 2019, 04:03:15 PM
 #22

Why on earth would we need a crypto bank?  The point of crypto is to be your own bank, bitcoin was created to get away from the slavery of the central banking system.

New users will eventually learn how to be more secure and it will be second nature to them.  IT is really simple but I think the older generation is scared that they will lose their coins.




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January 03, 2019, 04:05:51 PM
 #23

Why on earth would we need a crypto bank?  The point of crypto is to be your own bank, bitcoin was created to get away from the slavery of the central banking system.

New users will eventually learn how to be more secure and it will be second nature to them.  IT is really simple but I think the older generation is scared that they will lose their coins.
It depends what does it mean cryptobank. With the mass adoption of crypto such as Bitcoin the banks are not really needed. Anyway banks are quite powerful institutions so i  would see them in the crypto future as kind of intermediaries between people who would like to lend and borrow money. Their experience in rating creditworthiness would be useful.
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January 04, 2019, 08:09:24 AM
 #24

In general I think that crypto banks are good idea. They would enable better Bitcoin related services to users and maybe give some security and protection to the users. Of course they should be fully regulated and under control of financial system. On the other hand such idea in practice could be made completely wrong and I know that some users are afraid of centralization and control such institution might bring.

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January 04, 2019, 09:31:19 AM
 #25

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

I would say it depends on the way we are looking at it and divergent views would surely arise in controversial topics like this. For me, I don't believe in any crypto banks because for one it negates the entire reason for crypto that takes  the safety of funds away from conglomerates and return it to the hands of individuals which means the moment we start to advocate for crypto banks we are returning power to those we try to take it away from in the first place. Again those current service providers that have acted like quassi banks have been found wanting in keeping the funds entrusted in their care safe which then transfer liabilities to the owner of such funds.




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January 04, 2019, 12:47:30 PM
 #26

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

I would say it depends on the way we are looking at it and divergent views would surely arise in controversial topics like this. For me, I don't believe in any crypto banks because for one it negates the entire reason for crypto that takes  the safety of funds away from conglomerates and return it to the hands of individuals which means the moment we start to advocate for crypto banks we are returning power to those we try to take it away from in the first place. Again those current service providers that have acted like quassi banks have been found wanting in keeping the funds entrusted in their care safe which then transfer liabilities to the owner of such funds.

I think the future of Bitcoin will be in doubt then Crypto banks are not possible like we are thinking in short period of time it takes many years to accept and used by the government if it happens it will very useful for a lot of people can I know
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January 05, 2019, 06:31:25 AM
 #27

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
You won’t even need those to make use of cryptocurrency. Cryptocurrency doesn’t need banks, all you need is just your wallets and that’s all. Most of these people you see talk about banks are likely to be scammers and once your coins goes into their hands it’s gone, so you better stay safe and forget those.

Bitcoin was made to give you freedom from banks and not to bring you out from banks and put you into another type of banks. When it comes to crypto you’re in charge of your money and you control everything right from your wallet.


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January 07, 2019, 12:24:41 PM
 #28

there will be no crypto bank seperately for crypto ,but there is high chance that current bank might use crypto growth as an opportunity to include crypto in their banking system,as there are multiple news of blockchain technology acceptance by banks,we might see crypto adoption as well. but this should not happen as crypto main motive is to provide decentralization to the current payment system and holding your asset on your own.
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January 07, 2019, 06:31:52 PM
 #29

there will be no crypto bank seperately for crypto ,but there is high chance that current bank might use crypto growth as an opportunity to include crypto in their banking system,as there are multiple news of blockchain technology acceptance by banks,we might see crypto adoption as well. but this should not happen as crypto main motive is to provide decentralization to the current payment system and holding your asset on your own.


The possibility of improving Crypto banks are very less in this situation but the future will be definitely increasing the possibility for that but in the situation my opinion is there is no possibility for that to improve the banks and it will definitely change soon.

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January 07, 2019, 10:42:16 PM
 #30

Yes and im looking forward on it. What will you do if you have this old business that will become bankrupt because of the new and moders business that comssumes you?.  Ofcourse yoh will rather be closed or adopt the system. Banks will never be closed so they will adapt on cryptocurrency and make the best out of it.

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January 07, 2019, 11:03:01 PM
 #31

Already we've got lot of crypto banks that were operating virtually. Very few number of banks were completely functional using cryptocurrencies physically. This will change with more cryptocurrency banks into existence marking a big change over the global banking industry.
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January 08, 2019, 02:15:49 AM
 #32

Crypto doesn't necessarily need centralized regulations or banking institutions - legalization or adoption in fact it has survived without it. So having institutional investors and centralized banks taking a liking to crypto and blockchain technology could even help boost crypto mass adoption. So yeah it has a positive impact in both price and stability.

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January 09, 2019, 08:45:16 AM
 #33

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

Bitcoin = decentralize
CryptoBank = centralize

So I doubt that everyone will used or even move their coins to these so-called cryptobanks. If you are into cryptocurrency, then you know that we are the bank itself and we control everything. Why the hell we need cryptobanking then? Regarding state regulation, it's still debatable though, it's definitely has a effect whether positive or negative, but it's better as compare to a total ban crypto ban by governments around the world.

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natureltiqqy
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January 09, 2019, 12:33:46 PM
 #34

I believe that in order to maintain their own assets, states will be able to maintain their own crypto money or to adopt an international cryptocurrency project in order to maintain the provision of inter-state relations and trade.

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January 09, 2019, 07:27:13 PM
 #35

I believe that in order to maintain their own assets, states will be able to maintain their own crypto money or to adopt an international cryptocurrency project in order to maintain the provision of inter-state relations and trade.


Is cryptocurrency are to be accepted by the normal country currency by all over the world then Crypto banks will definitely play important role in the development and the economic changes of the total world if definitely happened soon then treated banks will be involved in this case.

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January 10, 2019, 08:21:37 AM
 #36

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
I have read other opinions that Central banks discourage the introduction of cryptocurrencies.They accept blockchain, there is no cryptocurrency.Where the state has introduced cryptocurrency,such as Venezuela,much success yet.
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January 10, 2019, 09:34:28 AM
 #37

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

The future of banks will not be the crypto banks, it will be the end of banking sector. If Bitcoin is implemented in a true sense, then there is no need left for banks. Everything will be managed without the banks and all the cost involved in the manpower of bank will be eliminated.

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January 10, 2019, 10:30:53 AM
 #38

Cryptocurrency will consume the banking sector, that's the future.

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January 13, 2019, 05:55:39 AM
 #39

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
Stop letting anyone deceive you with this crypto banks of a thing, they are never going to work . We don’t even need crypto banks, it is the same thing as the banks you have right now. Crypto was created to have only wallets which let’s you be in control of your money and having your money controlled by any kind of organization. So anyone saying there will be a crypto banks is just lying .
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January 15, 2019, 01:07:05 PM
Last edit: January 15, 2019, 01:47:07 PM by iamverybusyperson
 #40

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
Well, maybe they have future, but whole idea of crypto is being their own bank, no middle man. People who understand crypto don't need it, but if you wanna start a bank - ask ingramer.com for a ig promotion.
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