TIDOVEE
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January 17, 2019, 02:04:14 PM |
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Yes, it is very possible for government to accept block chain and ignore or reject crypto currency. Blockchain is wide a lot of institutions are attached to it. The crypto currency is just one of the chains attached to the internet block .it is rather difficult to accept cryptocurrency and reject blockchain.
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Cnut237
Legendary
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Activity: 1904
Merit: 1277
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January 17, 2019, 02:07:43 PM |
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Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
Yes, definitely, as they're not the same things. But we need to understand that these 'bans' are likely just temporary as governments rush to get legislation in place. Use of blockchain without crypto is certainly possible, but following this path does mean that the user is not exploiting the potential of blockchain to the full. I think it's only a matter of time before crypto becomes legal almost everywhere.
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sergeykravchenko1959
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January 17, 2019, 02:17:51 PM |
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Platform blockchain is the technology on which cryptocurrency trading is based. At the moment, this technology is used in many areas of our life, facilitating them. Therefore, the blockchain has a great future regardless of what happens in the future with the crypto market.
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semobo
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January 17, 2019, 02:18:17 PM |
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Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
Blockchain technology has been used in the crypto currency usage but it doesn't means they there will be relationship on both,anyone can use Blockchain technology in the way they want and also they can create their own blockchain technology so if government want to use it even if they don't want to have cryptocurrencies then it is possible.
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Nolimitz84
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January 17, 2019, 02:31:14 PM |
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Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
You have already been answered on 5 pages that the use of blockchain without cryptocurrency is certainly possible.Specifically, in financial institutions, this is most likely impractical. Using the blockchain, a financial institution clearly implies the use of cryptocurrency.many countries have long been using blockchain technology in various industries. This is certainly the latest, promising technology.they absolutely do not need cryptocurrency for this
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posi
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January 19, 2019, 10:33:45 AM |
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Yes it can, but until now every government only sees the blockchain is a device from crypto currency that cannot be separated, they think when adopting the blockchain they also adopt crypto currency even though it is not like that. Blockchain can be used in several sectors, such as the education, health and many more sectors. I hope the government can assess more clearly the function of blockhain or crypto currency after they can feel the impact.
You might right with what you said about some governments seeming blockchain as a device from crypto currency because we still some ignorant governments. But 90% of them have been aware of gap between crypto currency and blockchain through ripple which is a centralized networks. In addition, ripple offered two services (i.e technology which is Ripple and crypto which is XRP) this the reason behind some private companies partnered with them. What I'm trying to point out is that a lot of governments already knew the different between blockchain and crypto currency through ripple services.
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Tylev
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January 19, 2019, 10:57:37 AM |
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Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
Of course. China is a prime example of this. There, the cryptocurrency is not fully recognized and the government is somehow strangely fighting it all the time, approximately since August 2017. However, it is in China that the largest number of patents for the introduction of blockchain technology for practical use are chosen. More than six billion dollars have already been spent on the introduction of blockchain technology there. Cryptocurrency is just one of the ways to use blockchain technology, and there may be an infinite number of them.
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romelitounknown
Jr. Member
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Activity: 279
Merit: 7
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January 19, 2019, 11:10:13 AM |
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Of course man, If you only watched some news aroud you, you would noticed that every country has the interest in Blockchain because blockchain aren't the same thing like cryptocurrency. Blockchain has many uses not only for crypto but for every aspect of our lives.
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lapyshka
Jr. Member
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Activity: 379
Merit: 1
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January 19, 2019, 11:55:03 AM |
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Blockchain technology can be used in different areas of life from medicine to environmental protection. Most countries are interested in blockchain, but they fear crypto. Afraid of losing control of the means of payment. Because it is the nerve of the whole market system.
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wxganz
Member
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Activity: 350
Merit: 10
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January 19, 2019, 09:36:36 PM |
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Sure they can. Many people think that cryptocurrencies are the end product of blockchain. But they're wrong. The main task is to improve the blockchain system for simple and smart use in everyday life.
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InGODweTrast3
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January 19, 2019, 09:51:23 PM |
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I think some countries will try to accept only blockchain, but it will be temporary, I am sure that the next step will be crypto currencies. Now many countries dont mind cryptocurrencies and even want to develop this sphere
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nonbody
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January 22, 2019, 01:14:30 PM |
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Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
Blockchain technology is the future direction of development. I believe that financial institutions will use blockchain technology extensively in the future.
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DanWalker
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January 22, 2019, 01:31:12 PM |
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Let's assume that there is some decentralised blockchain without any real application, some kind of database. Why should people use it without incentives? The main delusion of nowadays is that blockchain matters, but bitcoin is not. It's not true. If BTC loses its money function the community will just get rid of it.
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Btcvilla
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January 22, 2019, 01:47:44 PM |
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Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
there are many conclusions and theories from various sources and experts about this discussion. I think for now most governments can only accept blockchain as adoption in the future, but crypto is part of that technology. I think in the next few decades there will be many governments that adopt their own crypto.
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last7minutes
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January 22, 2019, 03:09:31 PM |
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Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
I know about governmental projects related to blockchain. Blockchain is not the same thing as cryptocurrency. Blockchain is more universal. It is not only about money but also about providing information in a secure way.
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cr7
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January 22, 2019, 03:49:07 PM |
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This is quite feasible, some companies in my country have already implemented this technology. The coins themselves unfortunately have only a speculative nature, useful implementation of little where you can see! I hope it's not for nothing that I support projects in the implementation through Twitter!
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cryptolord2077
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January 22, 2019, 03:53:41 PM |
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Theoretically, it is possible to put certain processes on the blockchain's rails but not to use coins and tokens. How this will be implemented is difficult to say, but the point is perhaps because the technology itself provides a very good level of security.
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thesmallgod
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January 22, 2019, 04:03:31 PM |
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Yes of course. I have seen many time in online media that blockchain technology are being adopted by china. The same country that have banned crypto related activities. This has come to show how important the technology can drive the growth of economy if apply in some decent sectors. blockchain technology have been increasingly used in financial institutions and also in some sectors that are looking a more secure way of handling identity verification (VelixID). So it is very true that government are accepting the technology but do not support cryptocurrency.
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capableuwa1
Copper Member
Member
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Activity: 420
Merit: 26
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January 22, 2019, 04:07:33 PM |
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Of course man, If you only watched some news aroud you, you would noticed that every country has the interest in Blockchain because blockchain aren't the same thing like cryptocurrency. Blockchain has many uses not only for crypto but for every aspect of our lives.
YES, I agree with this. Blockchain is the technology that can be used in diverse ways this is part of the reasons why blockchain get institutional interest. On rejecting crypto is because of the fluctuation in price and value. In another way, Government and top financial advisors have seen that it is possible to easily manipulated. So they rather accept the most distributed technology and reject crypto.
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