Crypto Is Contamination - ECB | Bitcointalksearch.org

The_Dark_Knight

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Quote from: Mpamaegbu on March 01, 2018, 08:31:07 AM

A member of the board of the European Central Band ECB, has opened up that Cryptocurrency is at the risk of contaminating the global financial system. Now with this mindset, don't we still know where the banks stand on this?

Read article here...https://goo.gl/AP8C8G

They have done a really good job for themselves, it is obvious what they are trying to do if an economic crash does not happen soon and it happens in a few years it is likely bitcoin will become a scapegoat they can blame of contaminating the economy, but as we know that will be just an excuse, but it does not matter what they say their system is close to collapsing and a way to protect yourself will be with bitcoin.

Cannerald

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Similar situation as when the internet was invented and everybody laughed about it...but who is laughing now while checking Facebook?

I think we are in the middle of a reshape and nobody knows how it is going to end.

Delivey

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This sounds great. Worldwide financial system is being reshaped.

StGermain

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Quote from: Mpamaegbu on March 01, 2018, 08:31:07 AM

A member of the board of the European Central Band ECB, has opened up that Cryptocurrency is at the risk of contaminating the global financial system. Now with this mindset, don't we still know where the banks stand on this?

Read article here...https://goo.gl/AP8C8G

LOL, I am much more concerned with the crapy financial systems that has delighted us with tens of crisis and mini-crisis contaminates the decentralised and beautiful world of cryptos.

carlfebz2

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Quote from: Basmic on March 01, 2018, 09:03:18 AM

Bankers really do not want to part with their monopoly on the right to use our money. Such statements are constantly distributed throughout the world. But bankers are powerless to stop the spread of cryptocurrencies. I recommend they look for another job. But I'm not sure that they are able to do something. They only learned how to steal from people.

Good suggestion on recommending them to look for another job. haha. They don't really have the power to stop such adoption when it comes to cryptocurrency and sooner or later when it is already been recognized then maybe its time to say goodbye to their positions and the monopoly is over. Now they are bubbling already things about crypto and its obvious that they are just covering up their fear and their worries.

aso118

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Quote from: Mpamaegbu on March 01, 2018, 08:31:07 AM

A member of the board of the European Central Band ECB, has opened up that Cryptocurrency is at the risk of contaminating the global financial system. Now with this mindset, don't we still know where the banks stand on this?

Read article here...https://goo.gl/AP8C8G

It is not contamination, it is evolution. Survival of the fittest. Cryptos are bound to succeed against the entrenched giants of the existing world order. Central Banks and governments have just started talking about cryptos now. Eventually they will have to act in a concerted manner, to ensure that cryptos are weakened across the world.

BountyX

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Since the global financial system is the biggest Ponzi scheme ever seen on this planet, I wonder how and in which sense anything would be able to contaminate it.

Dragon5

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Once banks were the engines of economy, but not any more. In the fast-developing world they just reuse their old-fashioned technics. New era has come, we have to overcome old things to create new. Of course, everything has downsides and noone can predict if really cryptocurrencies would cause a new economic crisis.

Happyniall

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Because of bad banking, Europe is still struggling to come out of it. There are still issues with banks selling off bad mortgages in debt to vulture funds in order to make a profit. Most of the banks that were in trouble have been bailed out by the public. Most of the public dont trust the baks and therefore have leaned towards crypto

jtipt

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Quote from: shulio on March 01, 2018, 08:48:56 AM

The current global financial system is contaminated more that enough. This talks are their last words. They are frightened because they are going to lose their financial power.

Correct. If we are to think this way then crypto is here to clean the financial system. The traditional system is too centralized with a single organization having all. Control over it. And let's not start talking about the corruption and abuse of power.

warrior333

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It's impossible to ruin something that doesn't exist. The financial system that bankers and governments want to preserve is imperfect. Moreover, it is manipulated by politicians and financiers so that it cannot meet the demands of ordinary people. It is constantly widening the gap between the poor and the rich. I hope that the financial system of crypto will be fairer.

13abyknight

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A highly corrupt organization talking about economic contamination caused by cryptocurrencies? That's some hardcore irony right there. Let alone the fact that the ECB has been quiet about the accusations against its board members being involved in scandalous issues, all it can do is call out cryptos to be polluting the world economy, which is an outright false claim.

alyssa85

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The European Central Bank is incredibly corrupt - currently one of their governors (from Latvia) has been suspended and a Latvian bank closed down once the Americans pointed out that they were violating the sanctions against Russia.

So it is pretty rich about them talking about "contamination". The eurozone has unemployment of over 10% and millions of dodgy banks, and they are the part of the world most likely to trigger the next global recession.

Panda Trump

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Quote from: Mpamaegbu on March 01, 2018, 08:31:07 AM

A member of the board of the European Central Band ECB, has opened up that Cryptocurrency is at the risk of contaminating the global financial system. Now with this mindset, don't we still know where the banks stand on this?

Read article here...https://goo.gl/AP8C8G

Pretty sad. Inflation is what contaminates the economy, not inflation-proof monetary valuables, like cryptocurrencies. Inflation makes saving your money pointless, as its value will decrease a lot over time, thus making it harder to save your money for expensive things like a house.

I kind of think Inflation is the contamination and the world has been contaminated with it for many decades already.
The inflation-proof technology, Cryptocurrencies, are the cure to our sick economy. All we have to do is getting the body to accept the cure, so our economy grows healthy once again.

This kind of people stop our body from healing itself. This kind of people cause our economy to remain sick. This kind of people are lethal to our world.

BillCoin

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Quote from: shulio on March 01, 2018, 08:48:56 AM

The current global financial system is contaminated more that enough. This talks are their last words. They are frightened because they are going to lose their financial power.

You also can't really blame them for not accepting people and bank accounts that were opened to trade in bitcoins.
Most of the governments worldwide trust the bank to check it's own customers whether they are money laundering or not, and money laundering through a bank account is going to cost the bank a lot of troubles.
On the other hand, they can't really prevent money laundering because cryptocurrencies are anonymous.
it's a little bit understandable.

Basmic

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Bankers really do not want to part with their monopoly on the right to use our money. Such statements are constantly distributed throughout the world. But bankers are powerless to stop the spread of cryptocurrencies. I recommend they look for another job. But I'm not sure that they are able to do something. They only learned how to steal from people.

shulio

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The current global financial system is contaminated more that enough. This talks are their last words. They are frightened because they are going to lose their financial power.

Mpamaegbu

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Once a man, twice a child!

A member of the board of the European Central Band ECB, has opened up that Cryptocurrency is at the risk of contaminating the global financial system. Now with this mindset, don't we still know where the banks stand on this?

Read article here...https://goo.gl/AP8C8G

Topic: Crypto Is Contamination - ECB (Read 165 times)