Government would simply not allow Bitcoin to replace fiat. They tolerate it for now because there's no consumer adoption. If they saw that people actually use it and it comes together with tax evasion, money laundering or just hiding your transactions, they would just ban it. Without centralized exchages, Bitcoin will trade for 1-3% of the current price. It's also naive to think that just because Bitcoin is rising, it would keep rising forever. Even now a lot of investors understand that this is a bubble.
Yeah i agree with you irrespective the level of cryptocurrency in the world I don't think government would give bitcoin Chance to dominates over fiat, because from views I found out that government don't don't really like the growth of bitcoin in society
Topic: Bitcoin to trigger central bank collapse - page 8. (Read 1751 times)
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I am surprised how some people mistakenly understand Bitcoin which was created as an alternative not to actually take over fiat currency not to take of collapse Central Bank
they think that btc had growned alot and its now starting to dominate every financial groups and in the fact that they are now avoiding banks and traditional currencies but thats them , there are still people left that continue use banks and fiats despite of using a btc and if some companies now use it as their reserve currency it doesn't explain the true purpose of Bitcoin. However, the IMF has advised the government to limit printing of currency and they use integrate national digital currency why didn't they do that before some companies use Bitcoin as a reserve.
The government and the Central Bank officials are those that trigger Central Bank collapse, not Bitcoin.
reserve can also means that they have a plan for it . they can use it as a back up currency if printing money isnt allowed anymore . if they hodl it and make use of the volatility , that is still part of a use of bitcoin . The government and the Central Bank officials are those that trigger Central Bank collapse, not Bitcoin.
bitcoin isnt the enemy on here but its a part of the solution
Absolutely and I dont know why some governments and people see Bitcoin as the enemy rather than an inspiration. 
Government would simply not allow Bitcoin to replace fiat. They tolerate it for now because there's no consumer adoption. If they saw that people actually use it and it comes together with tax evasion, money laundering or just hiding your transactions, they would just ban it. Without centralized exchages, Bitcoin will trade for 1-3% of the current price. It's also naive to think that just because Bitcoin is rising, it would keep rising forever. Even now a lot of investors understand that this is a bubble.
Yeah i agree with you irrespective the level of cryptocurrency in the world I don't think government would give bitcoin Chance to dominates over fiat, because from views I found out that government don't don't really like the growth of bitcoin in society Central banks will rather adopt blockchain and evolve. Bitcoin solely is not enough to solve global problems
True, bitcoin isn't just enough to solve economy problem globally but one thing can make things better than what it is right now, having more than one great digital currency like Bitcoin, we don't have to rely on bitcoin only but many more strong coins will be better Central banks will stay there as long as we have a fiat money system so banks are going to collapse when people stopped using them but it is actually not possible to happen or at least in this century because almost everyone is taking loans for their needs that is how fiat money got the significance level into everyone's life and we didn't evolve from the loan culture yet which will put the central bank at the top for sure.
It's a delusion ! Cash is the solution that does not allow global control and, most importantly, control the masses. The transition to non-cash payments (card accounts), and possibly using blockchain technologies, will create a more controlled and manageable community, with a higher level of "automation" of the influence of banks on people
In the current realities, bitcoin cannot become a global currency in any way. After all, all prices are calculated in dollars and other currencies.
At the same time, bitcoin itself is pegged to the dollar and is valued in dollars. For this to work, it is necessary that all prices are in cryptocurrencies, but then the question of determining the value, on what basis, will remain open.
True, I'm not really sure what the OP has said so far, but it's still too far. If this is a matter of value, then bitcoin is still not close to the USD value which is actually backed by "original assets" and also investments made by many parties and also the government. At the same time, bitcoin itself is pegged to the dollar and is valued in dollars. For this to work, it is necessary that all prices are in cryptocurrencies, but then the question of determining the value, on what basis, will remain open.
Just remember one thing, Satoshi Nakamoto did not develop Bitcoin to solve all the problems in the world... it was created to serve as an alternative payment option for a Fiat system that was being destroyed by the Central Banks. Just look at the devaluation of the US Dollar and how it lost it's buying power over the years.
The Central Banks will not change.. it will adapt and it will steal the Blockchain technology and create something like Ripple that are centralized and then use that as a replacement for the collapsing Fiat currencies.
The Central Banks will not change.. it will adapt and it will steal the Blockchain technology and create something like Ripple that are centralized and then use that as a replacement for the collapsing Fiat currencies.
Central banks will stay there as long as we have a fiat money system so banks are going to collapse when people stopped using them but it is actually not possible to happen or at least in this century because almost everyone is taking loans for their needs that is how fiat money got the significance level into everyone's life and we didn't evolve from the loan culture yet which will put the central bank at the top for sure.
It's a delusion ! Cash is the solution that does not allow global control and, most importantly, control the masses. The transition to non-cash payments (card accounts), and possibly using blockchain technologies, will create a more controlled and manageable community, with a higher level of "automation" of the influence of banks on people
Central banks will stay there as long as we have a fiat money system so banks are going to collapse when people stopped using them but it is actually not possible to happen or at least in this century because almost everyone is taking loans for their needs that is how fiat money got the significance level into everyone's life and we didn't evolve from the loan culture yet which will put the central bank at the top for sure.
A huge delusion ... Bitcoin and cryptocurrency are now essentially "candy wrappers" that have neither the status of official means of payment nor real security. Saying that the blockchain will negatively affect the work of central banks is like printing out "my dollars" at my place now, and this will become a huge danger for the federal reserve system 
The negative impact of cryptocurrencies on the banking system is greatly exaggerated. The total capitalization of cryptocurrencies is a "drop in the ocean" against the background of the capitalization of the financial market, therefore it cannot have any noticeable impact. And the most important thing is that the turnover of cryptocurrencies is crypto-exchanges. And their work is fully controlled and regulated by government agencies, including financial
The negative impact of cryptocurrencies on the banking system is greatly exaggerated. The total capitalization of cryptocurrencies is a "drop in the ocean" against the background of the capitalization of the financial market, therefore it cannot have any noticeable impact. And the most important thing is that the turnover of cryptocurrencies is crypto-exchanges. And their work is fully controlled and regulated by government agencies, including financial
TL;DR. Anyway, this is next to impossible. The only reason that may cause central banks to collapse is when governments themselves collapse. Otherwise, central banks will always be there. For as long as money is designed, issued, and controlled by governments, central banks will stay relevant. For as long as monetary policies are crafted and subsequently implemented by governments, central banks will exist. There may be changes in the design of central banks but they remain essentially the same.
Now, Bitcoin is not created to bring down governments. If at all, it prefers that money is out of their control.
I think the same, bitcoin is improving and it is gaining more recognition every passing day but we must not deceive ourselves, governments always think that an external factor is going to make them fall, when historically you can see that most governments fall because of their own weight, if we see a crash in the economy it is going to be because of the horrible policies that have been passed during the last decades and not because of bitcoin or gold. Now, Bitcoin is not created to bring down governments. If at all, it prefers that money is out of their control.
I am surprised how some people mistakenly understand Bitcoin which was created as an alternative not to actually take over fiat currency not to take of collapse Central Bank
they think that btc had growned alot and its now starting to dominate every financial groups and in the fact that they are now avoiding banks and traditional currencies but thats them , there are still people left that continue use banks and fiats despite of using a btc and if some companies now use it as their reserve currency it doesn't explain the true purpose of Bitcoin. However, the IMF has advised the government to limit printing of currency and they use integrate national digital currency why didn't they do that before some companies use Bitcoin as a reserve.
The government and the Central Bank officials are those that trigger Central Bank collapse, not Bitcoin.
reserve can also means that they have a plan for it . they can use it as a back up currency if printing money isnt allowed anymore . if they hodl it and make use of the volatility , that is still part of a use of bitcoin . bitcoin isnt the enemy on here but its a part of the solution The government and the Central Bank officials are those that trigger Central Bank collapse, not Bitcoin.
To provoke the "collapse of the central bank" you need something more powerful than a cryptocurrency that is used by very few people (on the scale of the planet and in the scale of the country), unless you are some kind of Venezuela (if so, then you are already good).
Let me tell you a secret-states and their systems know best the most important rule: if you can’t win, cooperate with them.
Today you say that BTC will bring down the Central Bank and tomorrow you will be happy to transfer ETH through the processing of PayPal and Visa cards with joy by issuing a multi-card in the bank of your city and providing passport data. Meanwhile, CB will launch their own cbdc. Full stop.
You can't beat something that grows two heads instead of one. And it works both ways.
Let me tell you a secret-states and their systems know best the most important rule: if you can’t win, cooperate with them.
Today you say that BTC will bring down the Central Bank and tomorrow you will be happy to transfer ETH through the processing of PayPal and Visa cards with joy by issuing a multi-card in the bank of your city and providing passport data. Meanwhile, CB will launch their own cbdc. Full stop.
You can't beat something that grows two heads instead of one. And it works both ways.
When you successfully convince 50% of all your friends in your social network profile, that might increase the odds by 1%, yup, you would still need another 99% to overturn the central bank. That’s how difficult, no need a wall of text of why and why.
Absolutely agree! No matter how long he will write the reason why, we already know the answer to this - no, not in the very near future. Just be grateful that bitcoin adoption is growing, but triggering to collapse the central bank, not a chance. The government will not let that situation to happen for many reasons.
OP trying to convince we are triggering the bank collapse, but that’s not a good opening phrase to tell your friend about bitcoin, it would have adverse effect on you, that sound like we are a bunch of criminal trying to rob the central bank and we want to invite them friends to join force.
Now we are seeing the wealthy, investment banks and treasury departments of companies OPTING OUT of this monetary riddle by taking their money "out of the matrix" and hiding it in Bitcoin to send their value into the future.
Opting out you say?! can they really do that? even if they are to by pass some bank policies, so long as the banks still issue out fiat and are within a nation bounded by boarders, its is very much unlikely for any local bank to opt out of there nations central bank monetary policy. This policy is like a permit for operation in other to safe guard customers money. I can agree with you @OP on the note that, a portion of its revenue is invested in bitcoin or cryptos but, i dont believe they can opt out of a central banks monetary policy.Like the first commenter said, central bank collapse is next to impossible as this remains a major tool in the hands of government and we can rightly say that, the banks are the government itself. Bitcoin has got potentials and good plans for the world but, its got to do so along with the fiat and central banks print fiats so, a collapse is never happening.
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In the end, a complete reordering of the entire global economic system will need to occur as the world economy stalls in its depreciating orbit and is caught in the gravity well that is Bitcoin, the new world reserve currency. Millions of people will lose their fixed income, cash and bonds to hyper-inflation while Bitcoiners become the new global wealthy, leisurely floating over the tidal wave of devalued dollars, in an ocean of paper money. The Federal government disappears like the Soviet Union as their financial instruments fail completely and there is a physical struggle for control as the power structure decentralizes. Crypto exchanges become our new economic pillars that control transfer into and out of the financial matrix as people desperately attempt to secure a handful of Satoshis, as the price of a full Bitcoin moves completely out of sight.
I think that this will be reality, albeit a distant one.
Whether or not the fiat system holds up post-pandemic will be a huge determinant of how much adoption we see for BTC and whether or not a mass adoption event will be possible during this decade.
The threat of a re-ordering of the global monetary system (which will go to zero as a matter of time given it's built on straws entirely) should be enough to prompt everyone from individuals to firms to hold some BTC as a hedge, imo. Even if you don't necessarily believe that a reset of this magnitude is probable, it is a possibility that needs to be addressed by any holistic investment strategy.
Central bank collapse will happen with or without bitcoin. Look at all those nations with horrible economies, central banks are not helping at all, because all they can afford is literally printing money and nothing else, maybe allow people to have higher interest rates and so forth as well but that is about it.
It means people will not really care about central banks eventually, they will see it as the enemy in long enough period, and already seen in few nations, so they are "collapsing" even if not on paper, at least in the eyes of citizens. This means there will be a lot more interest towards crypto no matter what, I understand that it may not be right away, but it will take some time and it will happen, which is why I believe it is around time people should move to crypto asap if they want to avoid what will happen to central banks when public starts to ignore it.
It means people will not really care about central banks eventually, they will see it as the enemy in long enough period, and already seen in few nations, so they are "collapsing" even if not on paper, at least in the eyes of citizens. This means there will be a lot more interest towards crypto no matter what, I understand that it may not be right away, but it will take some time and it will happen, which is why I believe it is around time people should move to crypto asap if they want to avoid what will happen to central banks when public starts to ignore it.
As of the moment we can see bitcoin coexisting with fiat currencies. Something we weren't even sure about happening last 2017. We're either going for bitcoin toppling fiat or Fiat toppling bitcoin. But it looks like life found a way to make them both happen. So no, it's very unlikely that bitcoin will be the death of fiat or central bank for that matter, as it needs fiat to be relevant for it to be relevant too.
This seems to be the most likely outcome in my opinion as well. A coexistence of Bitcoin's and fiat currencies is likely to continue like we see it right now. Too many companies, governments and people still depend on the central bank to take care of them.
It’s nearly impossible for bitcoin to be one of the main reasons why the central banks would collapse. Central banks exist because the government is utilizing its functionalities. The government of each countries are the ones responsible if ever these central organizations would experience downfall. The government is accountable for money production, designing, and circulation. If they will continue to use the fiat currency as long as they want, the central organizations will continue to thrive and exist. It won’t be easily replaced nor abolished as it existed long before. It still remain relevant and widely used all over the globe.
Meanwhile, bitcoin is still new in the industry. Not that I’m underestimating bitcoin, but I’m stating the truth that it won’t easily surpass and trigger the phasing out of fiat currency altogether with the central organizations. The traditional banks and currency would remain for as long as the government would let it be. Right now, there are still many countries that haven’t legalize the use of bitcoin yet. However, there are few that has opened their doors to bitcoin, but with limitations. You see, the government won’t just trust the bitcoin community that fast, hence the probability of it triggering the downfall of banks would be slim.
Meanwhile, bitcoin is still new in the industry. Not that I’m underestimating bitcoin, but I’m stating the truth that it won’t easily surpass and trigger the phasing out of fiat currency altogether with the central organizations. The traditional banks and currency would remain for as long as the government would let it be. Right now, there are still many countries that haven’t legalize the use of bitcoin yet. However, there are few that has opened their doors to bitcoin, but with limitations. You see, the government won’t just trust the bitcoin community that fast, hence the probability of it triggering the downfall of banks would be slim.
Central banks will rather adopt blockchain and evolve. Bitcoin solely is not enough to solve global problems
and Even before the collapse of central banks ,for sure Bitcoin will be Banned and restrict to that country hehehe..and you are correct ,Central bank can adopt Blockchain so it will be trusted of their countrymen.
People nowadays are digging their Mind so deep just to connect bitcoin, Why not just take a Movie maker course because most of their ideas are only for James Bond movies..impossible
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