central banks and Bitcoin - page 2. | Bitcointalksearch.org

Supreemo

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Quote from: AngelSky on September 11, 2017, 03:21:06 PM

Quote from: LuanX3 on September 11, 2017, 02:40:39 PM

Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

That is true, that is why I don't think any decentralized cryptocurrency will ever replace the current system of fiat. Right now fiat currency is regulated by the governments but this is not for reasons that is quite easy to understand for others. A lot of people do not realize this, but if we just leave the financial system to be similar to bitcoins everything will go into chaos.

But Upto me ,Bitcoin will replace any Fiat currency. If you inverse in gold means.It will give you only time profit. But it's value of bitcoin is keeps on increasing day to day.And Central Bank will gives you ,6& 8%- interest for your holding bitcoin. But in bitcoin, the weekly profit you will get

,i thunk your idea might be quiet possible in a long run, not for now, because if we look unto our current situation it is really hard to tell that it could replace fiats sooner or as soon as possible but there is also a slight chances that it could speed up a little faster, but still who knows, for me I don't even trust the centralized banks or whatever it is.

peter0425

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Quote from: ajqjjj on September 11, 2017, 04:08:01 PM

Quote from: death69 on September 11, 2017, 03:58:45 PM

bitcoin does not need bank to grow. The community can make it stronger and stronger everyday. Banks will control the bitcoin and it against bitcoin's decentralized blockchain system. Therefore, I never think that banks are suitable for bitcoin. Right now, investors do not need the stability. They want bitcoin to fluctuate so that they can earn money

Yes u r correct man bitcoin does not need bank to grow and also community can make day by day stronger . Bank does not control the bitcoin and it's a digital currency system and I think the bank not suitable for bitcoin because there is no stability with the customer and bitcoin will fluctuate to earn money.

You don't need bank because when you have bitcoin in a wallet that you have control of the private key, then you are itself a bank. With that said, banks cannot control bitcoin because of its decentralized design. This is what Satoshi's want in the first first place. What a Central Bank can do is at least regulated bitcoin transaction in their country like requiring a local exchanges to put a strict KYC/AML to their customer based and of course submitting proper documentation before allowing them to trade, exchange bitcoin to fiat.

Japinat

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Quote from: Sengoko on September 12, 2017, 04:19:47 AM

Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

The only reason bitcoin was able to get to the level it is now is because it has no interference from any
organization or central bank. I think the reason why most countries have useless currencies(sorry to say) is because of the rules put in by the central banks.

Bitcoin is not a regular currency because it is limited in supply, the government does not want to have this kind of system in place as for sure there will be a problem of shortage, when there is a shortage they can easily print money while it's not possible in bitcoin as it is design to have a fixed supply.
Bitcoin is not just a currency because of it's limited supply, it is also an investment so it could be an asset or currency depending on how you define it.

Sengoko

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Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

The only reason bitcoin was able to get to the level it is now is because it has no interference from any
organization or central bank. I think the reason why most countries have useless currencies(sorry to say) is because of the rules put in by the central banks.

Black Angel

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These are two very different things, the central bank certainly wants to control whereas bitcoin is decentralized so it can not be controlled. will this be met? I think it takes time and socialization of the old.

ajqjjj

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Quote from: death69 on September 11, 2017, 03:58:45 PM

bitcoin does not need bank to grow. The community can make it stronger and stronger everyday. Banks will control the bitcoin and it against bitcoin's decentralized blockchain system. Therefore, I never think that banks are suitable for bitcoin. Right now, investors do not need the stability. They want bitcoin to fluctuate so that they can earn money

Yes u r correct man bitcoin does not need bank to grow and also community can make day by day stronger . Bank does not control the bitcoin and it's a digital currency system and I think the bank not suitable for bitcoin because there is no stability with the customer and bitcoin will fluctuate to earn money.

death69

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bitcoin does not need bank to grow. The community can make it stronger and stronger everyday. Banks will control the bitcoin and it against bitcoin's decentralized blockchain system. Therefore, I never think that banks are suitable for bitcoin. Right now, investors do not need the stability. They want bitcoin to fluctuate so that they can earn money

pearlmen

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Before bitcoin will get to the point where the effect of its fall or rise will affect the economy in no small way, there would have been enough buffer to cushion the effect of volatility and that's where the importance of a regulatory body. It might not necessarily be central banks because that would negate on founding pricnple of bitcoin as it would mean retuning control to those who led us here at first. I feel the market itself would have been so spread to allow such to happen.

Quote from: allohha on September 11, 2017, 03:03:49 PM

Quote from: ?? on ??

It could lead to a very heavy financial instability!

Imagine within a certain country everyone had exchanged its fiat money to bitcoin and the price is for example $5,000 at that time. Now imagine the bitcoin price drops (for whatever reason) to $1,000 and the central bank of that country can not intervene. This would mean that all citizens lost 80% value of their money! A horror scenario!

I can not foresee such horror opportunities, but I would not introduce Bitcoin into people's daily lives. The fact is that the Crypto-currency is the finance for a certain Circle of people and a certain sphere of the life activity of mankind, since it can be either an investment or an opportunity to keep your money. But nothing more.

AngelSky

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Quote from: LuanX3 on September 11, 2017, 02:40:39 PM

Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

That is true, that is why I don't think any decentralized cryptocurrency will ever replace the current system of fiat. Right now fiat currency is regulated by the governments but this is not for reasons that is quite easy to understand for others. A lot of people do not realize this, but if we just leave the financial system to be similar to bitcoins everything will go into chaos.

But Upto me ,Bitcoin will replace any Fiat currency. If you inverse in gold means.It will give you only time profit. But it's value of bitcoin is keeps on increasing day to day.And Central Bank will gives you ,6& 8%- interest for your holding bitcoin. But in bitcoin, the weekly profit you will get

allohha

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Quote from: ?? on ??

It could lead to a very heavy financial instability!

Imagine within a certain country everyone had exchanged its fiat money to bitcoin and the price is for example $5,000 at that time. Now imagine the bitcoin price drops (for whatever reason) to $1,000 and the central bank of that country can not intervene. This would mean that all citizens lost 80% value of their money! A horror scenario!

I can not foresee such horror opportunities, but I would not introduce Bitcoin into people's daily lives. The fact is that the Crypto-currency is the finance for a certain Circle of people and a certain sphere of the life activity of mankind, since it can be either an investment or an opportunity to keep your money. But nothing more.

LuanX3

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Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

That is true, that is why I don't think any decentralized cryptocurrency will ever replace the current system of fiat. Right now fiat currency is regulated by the governments but this is not for reasons that is quite easy to understand for others. A lot of people do not realize this, but if we just leave the financial system to be similar to bitcoins everything will go into chaos.

edward9953100

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bitcoin more better than central banks because Bitcoin get your money double invested

Jembut Ireng

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I'm not sure that the central bank accepts and allows bitcoin, the central bank must be able to control, but because bitcoin is decentralized it certainly can not be controlled.

LeGaulois

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Quote from: chalkboard17 on September 11, 2017, 10:05:32 AM

Bitcoin can not replace fiat or tradional money. AS you can see, paper money is playing an important role in our life and therefore, it is hard to be replaced and moreover, the government and their banks will not allow this to happen. The bank and fiat are tools for the government to control citizen.

If paper money is so important, then why banks and governments are doing everything to make cashless societies? The banks are not tools for the government to control citizen, this is the opposite. Governments are tools for the banks to control the citizens. Banks have more power than politics, in fact, banks make the politics. This is the reality...

chalkboard17

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Bitcoin can not replace fiat or tradional money. AS you can see, paper money is playing an important role in our life and therefore, it is hard to be replaced and moreover, the government and their banks will not allow this to happen. The bank and fiat are tools for the government to control citizen.

7daystodie

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Quote from: fabrizoc on September 11, 2017, 07:55:16 AM

Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

Have you ever asked why the market is not being disturbed by issues relating to the banking sector, its because there is no central bank of Bitcoins, the market is fully owned by users and regulated by them.

Why should bitcoin be introduced into the country's financial system?
Bitcoin is a unique and independent system. It is important and valuable without introduction to the banking system.
I am confident that bitcoin will never be the basis of the economy. But this does not upset me, but pleases me

fabrizoc

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Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

Have you ever asked why the market is not being disturbed by issues relating to the banking sector, its because there is no central bank of Bitcoins, the market is fully owned by users and regulated by them.

Sileni

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Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

The stability comes from having large stocks of currencies in defined places; banks are simply operating on a different order of magnitude than we are, which means we don't see much of the "global instability" that is actually occurring. World banks basically absorb all the losses and gains on that magnitude, regional banks below that, and we're fighting over the scraps that are too small for them to worry about.

The overall scheme will not change. The medium of the scheme will.

twicezeroiszero

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Quote from: ModGirl on August 22, 2017, 05:07:33 PM

Quote from: justspare on August 22, 2017, 01:38:33 AM

Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

If you think so or maybe someone told you, then I will have to tell you it’s totally wrong. There is no way Bitcoin is replacing fiat. Fiat will always remain as the main currency, and Bitcoin will also stay as powerful tech stock you can use for investments, making quick transactions, and a lot more.

Exactly, bitcoin will never be replacing fiat money. These two will run in two different streams. They may effect one another but one can never demolish other. As said bitcoins will work in investments, fast online banking etc. but it will not be overcoming fiat business that if so, surely cause many problems.

Maybe, after Bitcoin become to famous and popular than in our life, that future can happening. (a distant future)
Because when cryptocurrency (I cannot say Bitcoin because I do not know Bitcoin in that still No.01 or not) is legal and replace other payment method between countries, it will make most transaction online transfer money throught Blockchain and create a huge community!

fiomcorka

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Quote from: madu on August 17, 2017, 06:04:00 PM

Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?

The central banks should have no business with the affairs of the market, they should mind their own affairs while the bitcoin wouldn’t interfere or meddle in their own affairs bitcoin was made for the world citizens.

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