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Captain Corporate
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January 25, 2020, 02:40:20 PM |
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I doubt it would change anything really, I am both using a digital bank and even tho it doesn't have its own digital currency, it literally is just a purely digital bank, so there is no money in any vault that you can go draw, there are just ATM's if you want to withdraw and even that is usually from other banks. So long story short there is really no need to worry about what you will do or you can do about the impending improvements of banking sector. Bitcoin doesn't care about what the nations or governments or even companies are willing to do against bitcoin because in reality bitcoin is simply better due to being decentralized and not being under control of one place or person.
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airdnasxela
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January 25, 2020, 02:45:39 PM |
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No. Even if different banks will create their own digital currency, will you change from Bitcoin to that centralized digital currency? Because if not, then it's not a problem. If people choose to remain with Bitcoin even if there is a lot of bank issuing their own digital currency, it can't replace Bitcoin as long as we remain with Bitcoin. It's our own choice what to choose. If they aren't prohibiting Bitcoin, they can't replace bitcoin.
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Davian144
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January 25, 2020, 02:49:23 PM |
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No it won't. Let us not forget that any bank digital currency will apply specifically to the locale its made for. For instance a Chinese digital bank currency cannot be used in the UK banks or other cou tries banks and as such it won't be able to replace Bitcoin which has a global impact in finance.
Yes, a bank's digital currency will not be able to replace bitcoin, even though the path is equally digital, but between the currency of the bank and bitcoin has a different value and trust in society. |
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barabarian1
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January 25, 2020, 03:00:53 PM |
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no bank-made digital currency can replace bitcoin. altcoin which has sophisticated and decentralized technology can not replace bitcoin. especially digital banks that are centralized and do not yet have a community. it is impossible to beat bitcoin. I think that until the end Bitcoin will remain the king of cryptocurrency.
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Meowth05
Sr. Member
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Activity: 854
Merit: 267
★777Coin.com★ Fun BTC Casino!
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January 25, 2020, 03:10:31 PM |
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Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
For now, there's no digital currency will replace Bitcoin besides, as far as I know, Fiat money is already been in the form of digital currency and seemingly it cannot replace Bitcoin. There are things that new digital currency doesn't have unlike Bitcoin and the rest of cryptocurrencies which are the volatility rate and being decentralized. What people make fond of crypto the volatility which is likely better in investment and trading. However, if they got make it volatile then they will probably have a little chance. |
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Faxmate
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January 25, 2020, 03:25:26 PM |
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no bank-made digital currency can replace bitcoin. altcoin which has sophisticated and decentralized technology can not replace bitcoin. especially digital banks that are centralized and do not yet have a community. it is impossible to beat bitcoin. I think that until the end Bitcoin will remain the king of cryptocurrency.
Yes you are right that the digital currency of banks do not have the community to adopt their currency and it will take so much time to make people understand of that currency and the publicity make take a lot of time, but looking at the bitcoin there are a lot of benefits of bitcoin which everyone want to avail, so bitcoin will always be the king. |
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Amel
Legendary
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Activity: 1638
Merit: 1033
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January 25, 2020, 03:41:27 PM |
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Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
So the question now is, does the bank's digital currency have advantages like bitcoin? Remember, that bitcoin is as popular as it is now because of its decentralization, the freedom of holding finances. Yeah, I think the bank doesn't have it and it's impossible to apply, people who are fed up with the bank will remain on the side of bitcoin because bitcoin is not regulated by anything, there are no taxes, etc. |
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Myfe
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January 25, 2020, 03:47:12 PM |
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So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
That's gonna be a "Hard No" from me, Dawg.First of all, the currency banks use is already digital. Most transactions in the world are digital. How often do use paper currency? Second, banks creating currency to be verified over the blockchain is a great idea for them to prevent fraud, and it is not at all a "cryptocurrency"...it's fiat currency being transacted over a blockchain. The money supply isn't finite, the banks get more visibility into how each person is spending their money. There will be know "adoption from the market". Don't get me wrong, banks and government SHOULD put their transaction system onto the blockchain because it would drastically speed up our payments to and from each other...but any talk of a 'new currency' is just clever marketing. |
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ajeef
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January 25, 2020, 03:49:05 PM |
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Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
As long it's centralized and it will need our identity to make a transaction i'm sure it won't replace bitcoin, because people are using bitcoin for anonymousity even the security is not really safe but people still use it for silent transaction and that's the core reason why people use bitcoin beside for trading to make profits |
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doomloop
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January 26, 2020, 03:41:34 PM |
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Will not replace crypto, the banks try only to make new ways to have faster bank transfer probably to be fast as crypto transfer, but crypto will still exist even if banks make their own crypto currency who is backed by fiat money.
Banks can and will surely launch crypto currencies against bitcoin but since they would be centralized so they cannot attract people as bitcoin does. People will still put bitcoin on priority even if they are using bank currencies. The only reason banks can go for launching their own crypto currencies will be that they want faster international transactions. Otherwise as an investment, bank currency cannot flourish. |
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Divinespark
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January 26, 2020, 03:46:05 PM |
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At present, no bank cryptocurrency has been created, so we still cannot confirm anything in this market. But most likely it will never replace bitcoin because bitcoin is decentralized. Besides Bitcoin is the first cryptocurrency of this market and certainly no one can overcome it
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themistocleess
Jr. Member
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Activity: 392
Merit: 2
📱 CARTESI 📱 INFRASTRUCTURE FOR DAP
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January 26, 2020, 03:51:09 PM |
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The digital currency of banks can make the crypto currency more popular than it is currently, but i dont think it will replace bitcoin as this is the root of cryptocurrency, but you can not say anything fr sure unless the time comes
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btcdie
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January 26, 2020, 05:17:02 PM |
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No, blockchain technology built by central banks is centralized and there is still full control. You might know why someone prefers to be free, secure, and privacy maintained. bitcoin and alt are currently resistant to censorship, safe and decentralized. that is, we can call it an asset, day after day, fluctuating prices continue to surge. one of the reasons is that for the past 10 years the community has been very large, and it is not possible to just let it die.
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isaac_clarke22
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January 26, 2020, 05:23:27 PM |
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No, and what's more is that there's surely little to no effect in crypto especially specifying Bitcoin to it.
There were already many candidates that wanted to replace Bitcoin even inside of the collection it belongs, but Bitcoin will always stand there as it is. It is gonna continue to stick for an indefinite time.
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lousie9
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January 26, 2020, 05:23:41 PM |
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I think not, bitcoin is still bitcoin and cannot be replaced with other currencies, including digital currencies owned by bank companies. in many cases centralized coins are only used for their transactions. while bitcoin has many functions, is decentralized and is a profitable digital currency for investment.
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tianglistrik
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January 26, 2020, 05:31:23 PM |
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No, blockchain technology built by central banks is centralized and there is still full control. You might know why someone prefers to be free, secure, and privacy maintained. bitcoin and alt are currently resistant to censorship, safe and decentralized. that is, we can call it an asset, day after day, fluctuating prices continue to surge. one of the reasons is that for the past 10 years the community has been very large, and it is not possible to just let it die.
when central banks make crypto they definitely aim to compete in this industry, but I think the people who were in the crypto industry earlier will continue to survive. maybe our choice is to continue using decentralized crypto, rather than having to use coins from banks, basically they are looking for investors to circulate money. |
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mobilestrike
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January 26, 2020, 05:42:30 PM |
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At present, no bank cryptocurrency has been created, so we still cannot confirm anything in this market. But most likely it will never replace bitcoin because bitcoin is decentralized. Besides Bitcoin is the first cryptocurrency of this market and certainly no one can overcome it
Any coin controlled by banks is not currently created but we can think from now that what will it have effect on the whole crypto market. According to my observation if these coins will be created then the government will announce he complete system of that coin and with that it will spread the awareness of digital currency in every part of the country. In this way the government will play a vital role in promoting the crypto currencies in every part of the country. |
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enhu
Legendary
Offline
Activity: 2492
Merit: 1018
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January 26, 2020, 06:28:19 PM |
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No, blockchain technology built by central banks is centralized and there is still full control. You might know why someone prefers to be free, secure, and privacy maintained. bitcoin and alt are currently resistant to censorship, safe and decentralized. that is, we can call it an asset, day after day, fluctuating prices continue to surge. one of the reasons is that for the past 10 years the community has been very large, and it is not possible to just let it die.
when central banks make crypto they definitely aim to compete in this industry, but I think the people who were in the crypto industry earlier will continue to survive. maybe our choice is to continue using decentralized crypto, rather than having to use coins from banks, basically they are looking for investors to circulate money. Those coins backed by the state and central banks are going to be forced to the people to used the digital currency. Government will just announce something like the fiat paper we normally use ill have to be returned to the banks for the bank will replace them with digital currency. If you won't submit the paper bills you have it will have no value in the future. You as a citizen on this country will just have to download the app created by this central bank and then you can use the app to make transactions. All these are just an example of what the government might do. Digital currencies will not replace BTC but it will allow government to track what we are doing with out digital currencies. If we buy BTC thru it, they may know. |
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Cocoincos
Member
Offline
Activity: 700
Merit: 12
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January 26, 2020, 10:11:07 PM |
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I think nothing can to replace BTC! because BTC - decentralisation coin and people believe in it, it like father to all cryptocurrency, BTC will be always in TOP!
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CaVO32
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January 26, 2020, 10:24:03 PM |
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At present, no bank cryptocurrency has been created, so we still cannot confirm anything in this market. But most likely it will never replace bitcoin because bitcoin is decentralized. Besides Bitcoin is the first cryptocurrency of this market and certainly no one can overcome it
Any coin controlled by banks is not currently created but we can think from now that what will it have effect on the whole crypto market. According to my observation if these coins will be created then the government will announce he complete system of that coin and with that it will spread the awareness of digital currency in every part of the country. In this way the government will play a vital role in promoting the crypto currencies in every part of the country. this scenario will be a long way to go to happen. and right now, bitcoin can't be replace by any centralized cryptocurrency created by the government. bitcoin can be owned by anyone without the intervention of the government whereas, crypto owned by the government will need a lot more documentation before someone owns that coin. so bitcoin and this supposedly government crypto coin have different usage and benefits. it depends on the user's priorities and what suits him best for the given situation. |
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