Smaller companies only invest a few million dollars to several tens of millions of dollars. That shows timidity because I know they want USDT more. After all, USDT is accepted quickly around the world.
I'm not sure they really want USDT over bitcoin. USDT is not one of the assets that would make investing a large company like Microstrategy safe in the long term. USDT can still be frozen, but bitcoin cant be frozen because bitcoin is completely decentralized and is not controlled by anyone. Also, investing in a stablecoin like USDT will not benefit you in the long run due to its relatively stable price. If a large company wants a profitable investment with a good level of security and decentralization, then the choice is bitcoin. 
Topic: Can Bitcoins kill Central Banks? - page 2. (Read 1759 times)
The answer is of course no, because banks are subject to the government system in a country while bitcoin cannot be controlled by a person or government in any country, and of course the government will not allow bitcoin to replace the existing payment system in that country.
The answer is simple - no, bitcoin will not kill banks!
Why? Because governments will never allow an uncontrolled entity to replace a government-controlled, formal payment mechanism. The only thing that bitcoin, as a technology, can influence, is to push banks to use part of blockchain technologies in banking technologies.
Yes, bitcoin is a digital system for economic zone and the central bank is a manual system of the economic zone so I think bitcoin will not kill banks. But I think bitcoin will lead to a digital currency system bitcoin will change the manual system as soon as possible. Why? Because governments will never allow an uncontrolled entity to replace a government-controlled, formal payment mechanism. The only thing that bitcoin, as a technology, can influence, is to push banks to use part of blockchain technologies in banking technologies.
Bitcoin can't kill central banks bitcoin is a digital currency and central banks are considering using these digital currencies. The central bank is owned by the government and after bitcoin everyone owns these banks in times of crisis people can transfer their money from banks to the central bank creating bank runs that solve problems. Even in ordinary times, if a large number of bank deposits are transferred to the central bank will have easier access to cheap funds which will improve economic growth.
Large corporations will choose banks over Bitcoin because they have a lot of money and they need it to be safe.
That was then, but now what? What do you think about Microstrategy and Tesla who have invested huge sums of money in bitcoin?A few billion dollars is still a pretty modest number when they have a lot of money. I mean to spend most or all. I highly recommend Microstrategy's active purchase because they've bought a lot, almost as much as most of the company's assets.
Smaller companies only invest a few million dollars to several tens of millions of dollars. That shows timidity because I know they want USDT more. After all, USDT is accepted quickly around the world.
Not everyone is willing to participate in Bitcoin as it is a currency with high exchange rate fluctuations.
I think Bitcoin and banks will exist side by side and in fact, we are seeing banks accepting Bitcoin in their system.
Bitcoin trading and investing will not force traders and investors to get involved especially for those who are not comfortable with market fluctuation. Bitcoin was not created to be stable because supply and demand will always affect its price to fluctuate. Anyone can choose to trade and invest if they are willing to accept the risk. I think Bitcoin and banks will exist side by side and in fact, we are seeing banks accepting Bitcoin in their system.
A lot of people are not knowledgeable about trading. So they won't risk their money. Here we are in the minority to trade and take risks. It is very different from what you are talking about.
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because the Central Bank is fully government-sponsored
Its a mistake to believe government is the most powerful force possible. The largest factor in an economy will always be natural effect, the economy is a natural phenomena we might modify but not alter permanently. Economics should not be taught or practiced as an extension of politics and by force as a norm. We know in engineering, sciences all kinds of disciplines that humans are the pupil not the master vs natures forces, this too also applies even to human dynamics in economics and finance. Sadly we have to learn the hard way and many like posters above believe government has perfect control and ability to turn tides when they can mitigate or delay at best.
it isnt really intended for it to kill Central banks because even if its really intended to be created to be something like that then it isnt really still possible.
Bitcoin was never intended to kill central banks but people do really have this kind of impression or views because of its main properties which i cant really blame off.
Large corporations will choose banks over Bitcoin because they have a lot of money and they need it to be safe.
That was then, but now what? What do you think about Microstrategy and Tesla who have invested huge sums of money in bitcoin?Not everyone is willing to participate in Bitcoin as it is a currency with high exchange rate fluctuations.
I think Bitcoin and banks will exist side by side and in fact, we are seeing banks accepting Bitcoin in their system.
Bitcoin trading and investing will not force traders and investors to get involved especially for those who are not comfortable with market fluctuation. Bitcoin was not created to be stable because supply and demand will always affect its price to fluctuate. Anyone can choose to trade and invest if they are willing to accept the risk. I think Bitcoin and banks will exist side by side and in fact, we are seeing banks accepting Bitcoin in their system.
I dont think that bitcoins will replace banks. People dont like to leave what they are familiar with, and even then a good amount of people think that bitcoin is a 1337 mad haxxor currency and would never even touch it. People dont like change.
Bitcoin and central banks are two different systems.
Bitcoin is a decentralized financial system and users are solely responsible for all transaction risks.
The bank is a centralized system and users are guaranteed risk in transactions by the bank.
Large corporations will choose banks over Bitcoin because they have a lot of money and they need it to be safe.
Not everyone is willing to participate in Bitcoin as it is a currency with high exchange rate fluctuations.
I think Bitcoin and banks will exist side by side and in fact, we are seeing banks accepting Bitcoin in their system.
Bitcoin is a decentralized financial system and users are solely responsible for all transaction risks.
The bank is a centralized system and users are guaranteed risk in transactions by the bank.
Large corporations will choose banks over Bitcoin because they have a lot of money and they need it to be safe.
Not everyone is willing to participate in Bitcoin as it is a currency with high exchange rate fluctuations.
I think Bitcoin and banks will exist side by side and in fact, we are seeing banks accepting Bitcoin in their system.
For now, central banks are needed for us to convert our coins to fiat and use them while buying something etc.. Because not all places accept Bitcoin payment method for now. But in the future, this will definitely change. Because we will start using digital currencies only rather than fiat. Then, there will be no need to convert coins to fiat. But this time, central banks can still exist as long as they have digital currencies also in their system.
Quote
because the Central Bank is fully government-sponsored
Its a mistake to believe government is the most powerful force possible. The largest factor in an economy will always be natural effect, the economy is a natural phenomena we might modify but not alter permanently. Economics should not be taught or practiced as an extension of politics and by force as a norm. We know in engineering, sciences all kinds of disciplines that humans are the pupil not the master vs natures forces, this too also applies even to human dynamics in economics and finance. Sadly we have to learn the hard way and many like posters above believe government has perfect control and ability to turn tides when they can mitigate or delay at best.
If central banks insist on resisting cryptocurrencies or digital currencies, I think that they can bankrupt and never be the same again. Digital currencies are our future. There will be stable digital currencies and governments by themselves will develop these currencies. Bitcoin will still be maintaing itself and central banks will start working with only digital currencies after a point.
Simply put, Bitcoin will never be able to replace the Central Bank because the Central Bank is fully government-sponsored. Bitcoin is also a currency that is a virtual document Existence is based on faith only. So the government will never allow Bitcoin to take a place above the Central Bank.
Without central banks, bitcoins won't exist. They are both in a different class of their own. None have to replace the other. Why should they? Irrespective of what we thing of the government and global financial institutions. I don't mean to sound pessimistic but if bitcoin "kills" central banks the world would experience chaos like never before besides I believe this was never the intention by Satoshi when he/they created bitcoin. We really have to chill and stop sounding like the group on Reddit Forum that want to see bitcoin die.
Bitcoin is currently present as an alternative currency, especially the digital currency. In terms of function, Bitcoin is considered to only be able to fulfill some of the functions of currency, namely the means of payment, commodities whose value is a general consensus of the results of the acceptance and trust of the public. Like gold, diamonds, banknotes, stocks in general. And Bitcoin has expensive values because there are real money stored by Exchange which is backups from Bitcoin prices. The Bank Cryptocurrency (Dex) model serves as an alternative. Bitcoin/Alt is the money.
Technology brings efficient and fair production capacity.
The trend of investing in digital currency assets is still on the rise. Although crypto movement is considered to have high volatility, crypto is predicted to be an investment instrument for the future.
Cryptocurrencies are not yet widespread and now only a few types are known by people, but people are currently trying to compete to get them and make crypto more famous like the dollar.
This makes the monetary authority, namely the central bank in a country, increasingly threatened due to the exploding prestige of digital currencies, so that inevitably the central bank must be active and follow the 'flow' of digital currency trends.
https://www.cnbcindonesia.com/market/20210504092224-17-242916/apa-benar-uang-kripto-ancaman-bagi-bank-sentral-di-dunia
Cryptocurrencies are not yet widespread and now only a few types are known by people, but people are currently trying to compete to get them and make crypto more famous like the dollar.
This makes the monetary authority, namely the central bank in a country, increasingly threatened due to the exploding prestige of digital currencies, so that inevitably the central bank must be active and follow the 'flow' of digital currency trends.
https://www.cnbcindonesia.com/market/20210504092224-17-242916/apa-benar-uang-kripto-ancaman-bagi-bank-sentral-di-dunia
Without central banks, bitcoins won't exist. They are both in a different class of their own. None have to replace the other. Why should they? Irrespective of what we thing of the government and global financial institutions. I don't mean to sound pessimistic but if bitcoin "kills" central banks the world would experience chaos like never before besides I believe this was never the intention by Satoshi when he/they created bitcoin. We really have to chill and stop sounding like the group on Reddit Forum that want to see bitcoin die.
The answer is simple - no, bitcoin will not kill banks!
Why? Because governments will never allow an uncontrolled entity to replace a government-controlled, formal payment mechanism. The only thing that bitcoin, as a technology, can influence, is to push banks to use part of blockchain technologies in banking technologies.
Yes I agree with this. There is no way bitcoin can replace banks, banks are services that have regulations and are controlled by the government. There is a clear audit bookkeeping. This is very different from free bitcoin. So I think being part of that complementarity is the best. Why? Because governments will never allow an uncontrolled entity to replace a government-controlled, formal payment mechanism. The only thing that bitcoin, as a technology, can influence, is to push banks to use part of blockchain technologies in banking technologies.
The answer is simple - no, bitcoin will not kill banks!
Why? Because governments will never allow an uncontrolled entity to replace a government-controlled, formal payment mechanism. The only thing that bitcoin, as a technology, can influence, is to push banks to use part of blockchain technologies in banking technologies.
Agreed. It will not kill banks. As long as the banks are not going to allow it to be the main currency it will not happen. It was decentralized so there's no way they can regulate it so they will never accept something that they can't control. Bitcoin adoption is getting stronger and bigger so it will not kill central banks but it is much better for central banks to plan or developed a system that will enable them to work with crypto or accept crypto in the future that can benefit everyone. Why? Because governments will never allow an uncontrolled entity to replace a government-controlled, formal payment mechanism. The only thing that bitcoin, as a technology, can influence, is to push banks to use part of blockchain technologies in banking technologies.
Bitcoin was created to fight central banks but not destroy it. banking is a business that has been around for hundreds of years and has become a pillar of the economy of many countries, while Bitcoin is just over 10 years old. surely banks and governments will try hard not to die with the growth of Bitcoin. i really believe that later when Bitcoin adoption gets stronger, the government will be friendly with Bitcoin and give up fighting it.
.Right, the presence of bitcoin and crypto is certainly a comparison for the public against the central bank, the fact is that the rapid development made many central banks afraid and asked the government to ban bitcoin.
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