banks admit they officially lost to crypto - page 2.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: aoihs00 on July 25, 2018, 05:23:11 PM

But what do you guys make think that bitcoin will ever replace the fiat like that and at the end banking people will have to face the reality of crypto currencies. I guess fiat is based on strong stage which is built with at most clarity and also it is upgraded every time they have seen the flaws in it. I guess this kind of system will be hard to replace in the future. Crypto currencies son the other hand needs to be upgraded themselves in the way they work today other wise it will be not far when they will be vanished from the face of the earth.

i wrote recently an article with one of my teammembers about what will damage the pow cryptos

https://www.cryptoproductivity.com/single-post/2018/05/30/Mark-Our-Words-On-next-food-price-crisis-the-empty-proof-of-woork-cryptos-like-bitcoin-litecoin-etc-will-be-the-welcome-scapegoat-everybody-is-looking-for-and-everybody-will-use-out-of-opportunistic-reasons

aoihs00

sr. member

Activity: 700

Merit: 300

But what do you guys make think that bitcoin will ever replace the fiat like that and at the end banking people will have to face the reality of crypto currencies. I guess fiat is based on strong stage which is built with at most clarity and also it is upgraded every time they have seen the flaws in it. I guess this kind of system will be hard to replace in the future. Crypto currencies son the other hand needs to be upgraded themselves in the way they work today other wise it will be not far when they will be vanished from the face of the earth.

vy99

member

Activity: 126

Merit: 25

Banks were due for a major disruption and cryptocurrency was it. For far too long banks have worked in favor of themselves and not regular people so it's not a surprise that they're getting their comeuppance now.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: malekbaba on July 25, 2018, 04:35:11 PM

Crypto is legendary innovation. And I am proud to be a witness of these. Block chain itseld is a wonderful tech. Most secure and transparent and totally free from centralized authority means no One can control it , alone. Faster Tx speed, more secure protocol, cheaper and convenient, does not depends on weekdays and working hour. no one can print money as much as one's need. No one can submerge/destroy others asset.

Crypto will be main stream but will not replace fiat. But Crypto is the crown-less King. No doubt

nah you are naive, you dont sense the negative side effects that will come for all those that work for money or are supposed to do that.

regards

malekbaba

legendary

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SellDefi.com | Earn by selling files

Crypto is legendary innovation. And I am proud to be a witness of these. Block chain itseld is a wonderful tech. Most secure and transparent and totally free from centralized authority means no One can control it , alone. Faster Tx speed, more secure protocol, cheaper and convenient, does not depends on weekdays and working hour. no one can print money as much as one's need. No one can submerge/destroy others asset.

Crypto will be main stream but will not replace fiat. But Crypto is the crown-less King. No doubt

ehiozuwa

newbie

Activity: 112

Merit: 0

Quote from: KingScorpio on July 25, 2018, 03:01:58 PM

https://btcmanager.com/banks-have-officially-lost-to-crypto-says-former-jpmorgan-and-bbva-executive/?platform=hootsuite

this article is quite interesting, for the bitcoin sect, because when the banks lose to crypto there is no meaning for the bitcoinsect to evaluate yourself in a comparision with other cryptocurrencies.

the dollar is still your master which the bitcoin cult is using to define themselves as more valuable.

with us dollar and fiats gone, the bitcoin sect will look like the arrogant banksters of the past that was fighting against bitcoin

regards

If cryptos and bank continue to be at loggerheads, the banks will lose in the long run, purely on technological and economic grounds.The future of money is in cryotos

jpnl0006

jr. member

Activity: 480

Merit: 4

i knew it. that the banks decided to challenge the blockchain technology does not in any way tell their level of strength as they cannot be as transparent as the technology and also cannot be as fast as the transaction time taken to process transfers

KingScorpio

sr. member

Activity: 1470

Merit: 325

https://btcmanager.com/banks-have-officially-lost-to-crypto-says-former-jpmorgan-and-bbva-executive/?platform=hootsuite

this article is quite interesting, for the bitcoin sect, because when the banks lose to crypto there is no meaning for the bitcoinsect to evaluate yourself in a comparision with other cryptocurrencies.

the dollar is still your master which the bitcoin cult is using to define themselves as more valuable.

with us dollar and fiats gone, the bitcoin sect will look like the arrogant banksters of the past that was fighting against bitcoin

regards

Topic: banks admit they officially lost to crypto - page 2. (Read 276 times)