Central Bank of Crypto-Currency - page 3.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: leavolnhals on November 01, 2018, 03:06:12 AM

Quote from: GymClassHeroes on August 30, 2018, 05:56:49 PM

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

It really is good news for Crypto but it is still a project. There is so much good news but it's just under construction. so to really good market return, it should take more than 2 years to recover.

It is better for us to wait for the next news. I am sure that there will be clarification from the banks itself. We can hope that there will be good news for us. And if this is happening, then I think there will be an increase of people that will come to the crypto, and they will see that the crypto can give them a new opportunity to have the new investment. Maybe the governments need to research more about crypto, so they don't have any problem in the future, and I think there will be many new banks like what we read on that news.

leavolnhals

full member

Activity: 770

Merit: 101

Quote from: GymClassHeroes on August 30, 2018, 05:56:49 PM

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

It really is good news for Crypto but it is still a project. There is so much good news but it's just under construction. so to really good market return, it should take more than 2 years to recover.

slocker

full member

Activity: 490

Merit: 134

Quote from: tarball on October 31, 2018, 06:42:43 PM

What about a central bank of bitcoin? A bank that can loan you bitcoin (with interest of course) but because it is bitcoin, they cannot print money from nothing. Frankly, I like not banks either, however what I have said is much different than current banks.

This is interesting that you mentioned how will they "print" bitcoin. In paper money case that is easy they print it and back up with gold like in most of developed countries in the world. But what could they do with the crypto or bitcoin as example.Will they be forced to create some coin that will have for example constant price and that it cannot go up and down, hardy. Why cuz banks want more money if this somehow comes to see light of the day this wont be good in any scenario. Personally like the system as it is.

tarball

jr. member

Activity: 98

Merit: 5

Quote from: pitiflin on August 30, 2018, 06:57:13 PM

Quote from: GymClassHeroes on August 30, 2018, 05:56:49 PM

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

You can't purchase or buy bitcoin, but you can use bitcoin. Logic goals.

A central bank of crypto,its ridiculous. It has bank in its name, how can it be good? Oh god, we are seeing countries making absolutely worse decisions, and its hypocrisy that's evolving here.

What about a central bank of bitcoin? A bank that can loan you bitcoin (with interest of course) but because it is bitcoin, they cannot print money from nothing. Frankly, I like not banks either, however what I have said is much different than current banks.

HarmonyA

full member

Activity: 602

Merit: 100

Decentralization policy of crypto would be defeated if states starts having Central Bank of Cryptocurrency.

rekinthis

hero member

Activity: 658

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: Ann Impas on October 31, 2018, 11:31:14 AM

There is a possibility that this will happen. Once the government will utilize cryptocurrency, blockchain or any form of digital currency then they need to control it in a way and centralize the operation. It's like putting-up an equivalent of the current value of fiat money into the digital currency. A central bank for a digital currency will be the control mechanism of the government.

So basically what you're trying to say is that there will be both, centralised government coins and decentralised coins? But why would anyone use some shitty government coin that will inflate just like regular currencies? Just look at the Venezuelan petro, it's a joke that no one wants to use. The only people who might be fooled by it is elderly, but even they won't be using it as old people are usually not into technology.

Ann Impas

full member

Activity: 420

Merit: 101

There is a possibility that this will happen. Once the government will utilize cryptocurrency, blockchain or any form of digital currency then they need to control it in a way and centralize the operation. It's like putting-up an equivalent of the current value of fiat money into the digital currency. A central bank for a digital currency will be the control mechanism of the government.

munareal

full member

Activity: 644

Merit: 102

One of the attractive features of cryptocurrencies is its decentralization and not controlled by anybody. Having a Central Bank of Cryptocurrency means the cryptocurrency will be centralized and control by the government . The created crypto coin of Central Bank of Cryptocurrency will not be different from the fiat currency except that it is virtual. This is not the reason why crypto coin was created.

gostop

member

Activity: 388

Merit: 10

Is this similar to XRP? They are traitors of cryptocurrencies, and cryptocurrencies should not lose privacy, otherwise they are just a bubble that is being advocated. It cannot completely change human beings.

slocker

full member

Activity: 490

Merit: 134

Quote from: denuhaqiqi on October 28, 2018, 09:42:37 AM

the central bank might issue their own crypto currency, using blockchain technology. However, the central bank's crypto currency will certainly be different from the crypto currency that currently exists. Because the crypto currency released by the central bank will still have assets that are the basis of the transaction. and the pattern of calculating the circulation of crypto currencies will be adjusted as well as circulation of state money. decentralized, anonymous, and some of the characters of bitcoin as cryptocurrencies may be lost with the central bank. because the state is always present to be able to control and they will not risk something they cannot control. it is inversely proportional to the creation of bitcoin

This can be very possible and I thing that they will try to make control with that currency and that they will artificially raise and drop price when they please.
Maybe not that good info but maybe they will learn no to mess with crypto community.

denuhaqiqi

jr. member

Activity: 420

Merit: 1

the central bank might issue their own crypto currency, using blockchain technology. However, the central bank's crypto currency will certainly be different from the crypto currency that currently exists. Because the crypto currency released by the central bank will still have assets that are the basis of the transaction. and the pattern of calculating the circulation of crypto currencies will be adjusted as well as circulation of state money. decentralized, anonymous, and some of the characters of bitcoin as cryptocurrencies may be lost with the central bank. because the state is always present to be able to control and they will not risk something they cannot control. it is inversely proportional to the creation of bitcoin

Gastotade

sr. member

Activity: 545

Merit: 250

Colletrix - Bridging the Physical and Virtual Worl

Quote from: kakonhat on October 28, 2018, 04:45:09 AM

Quote from: GymClassHeroes on August 30, 2018, 05:56:49 PM

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

We are getting much positive news occasionally on behalf of Bitcoin but the total market standing in the same position (we called stable), maybe for the correction. There could be one more reason SEC. Whatever we are waiting for the good movement and we hope it will soon.

Small news doesn't have impact in market now, what we really waiting is much bigger news. But having some regulations still worth having for avoid too much scam.

kakonhat

member

Activity: 1106

Merit: 11

Crypto in my Blood

Quote from: GymClassHeroes on August 30, 2018, 05:56:49 PM

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

We are getting much positive news occasionally on behalf of Bitcoin but the total market standing in the same position (we called stable), maybe for the correction. There could be one more reason SEC. Whatever we are waiting for the good movement and we hope it will soon.

bce

sr. member

Activity: 756

Merit: 250

Quote from: omonuyak on August 31, 2018, 02:22:19 AM

To me there are positive news for the cryptocurrencies market and that is to say that government of India has seen positive things in cryptocurrencies and the only problem I have seeing there is if governments can tax cryptocurrencies earning they will definitely like to used it.

it is true what you say will certainly happen to the central bank for crypto currencies, but the legality of the government is needed and with certainty the rules that will be issued and if indeed for the future it is better it might be possible

Maknae09

jr. member

Activity: 196

Merit: 1

Ternion | Hybrid Crypto Exchange with fiat gateway

Quote from: GymClassHeroes on August 30, 2018, 05:56:49 PM

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

You know the main reason behind the creation of bitcoin and is included in satoshi's white paper? it should be decentralized meaning to say that no third parties should interfere with the transaction.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: Ziskinberg on October 21, 2018, 06:32:17 PM

Quote from: virtfund on October 21, 2018, 03:20:51 PM

Blockchain technology is used for crypto currency and there is no need to a central authority. Establishing a central bank is not reasonable. It means that governments will have control on crypto currency and they can manipulate prices for their own benefit. Also, they can easily implement some regulations like international taxing.

Right.We all want a decentralized system so if a central bank for cryptos will be created,then the system will be centralized already.I think this is not good to the majority of crypto users since our transactions will be easily tracked already and our freedom will be minimized too.

What are you saying? Our transactions can be traced a long time now. Do you know the site Blockchain.info?

That site has all the transactions being made and you can just search your Bitcoin address there. It might not be perfectly traced or tracked but you know the idea, it is all listed there. But like you, I also disagree about central bank of cryptocurrencies since the reason why cryptos are made is for that, to not need a third person to take care of your cryptos, you yourself can manage your cryptos alone.

chairmanMao

member

Activity: 456

Merit: 15

This is good news. Such a stable currency will help to develop the growth of cryptocurrency. In fact, the government has begun to accept cryptocurrency. This is the trend.

yusupjatigumilar

full member

Activity: 644

Merit: 100

Quote from: GymClassHeroes on August 30, 2018, 05:56:49 PM

Creating a Central Bank of Crypto-currency may no longer sound ridiculous as we are now having a number of countries coming up with some sort of mass application of the technology, the latest is from India, which reportedly ban cryptos, but recent report states that they are considering having a Bank of crypto, Ruppies-backed, Central bank digital currencies CDDC.
Are these really positive news for the crypto-market?

https://cointelegraph.com/news/reserve-bank-of-india-confirms-it-is-looking-into-making-a-central-bank-digital-currency

it is not a ridiculous thing to make a central bank crypto currency, this has happened a lot in countries like Africa and Germany and in some other countries, of course this is a good thing because it will attract investors to buy crypto currencies and of course it will make crypto currencies become more expensive and more potentially profitable if chosen as an investment commodity

squog

full member

Activity: 462

Merit: 100

ANONYMOUS MOBILE PAYMENTS

I don't know about a crypto bank. I mean what will be its function? Will it streamline beeds like maybe insurance, lending and others in the form of blockhains? Will it have functions where you put your wallet in their hands so that if you lose your access they cannaccess it for you? I mean those the stuff i want to see if ever we have a crypto bank.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: virtfund on October 21, 2018, 03:20:51 PM

Blockchain technology is used for crypto currency and there is no need to a central authority. Establishing a central bank is not reasonable. It means that governments will have control on crypto currency and they can manipulate prices for their own benefit. Also, they can easily implement some regulations like international taxing.

Right.We all want a decentralized system so if a central bank for cryptos will be created,then the system will be centralized already.I think this is not good to the majority of crypto users since our transactions will be easily tracked already and our freedom will be minimized too.

Topic: Central Bank of Crypto-Currency - page 3. (Read 2530 times)