Topic: Finanacial System - page 3. (Read 1733 times)
For security I think is not alarming enough, because of the large number of people who once tried to take over the bitcoin (System). Finally they gave up and could not enter the system on its own, it's just bitcoin security of each wallet which had to be tightened. for every wallet has a password which is only owned by their owners, making it prone to be hacking. It is in terms of security, in terms of development if the (price). I think the price will be the same year bitcoin previously (up and down). but it is not bad to have an impact, because every turunya prices there will surely be bitcoin's time to ride high
What are the threats for financial system from bitcoin?
The financial system for bitcoin are:Decentralization; because of this nature or characteristic no single country or individual can control bitcoin it has live of it own.
Low fees; because of high fee charge by western union money transfer and moneygram etc. Bitcoin financial system come to resolve this by offer low fees on transactions.
Theres no real threat for now. But in the future, thats a big maybe. For BTC and other cryptocurrencies to be a threat to the current financial system, there has to be a critical tipping point. This tipping point will be when users of cryptocurrencies have reached a massive amount of users that it cant be stopped. What I mean by users is real users who also set up nodes and users who use the coins for buying things they need and want, not users who buy BTC and hold like most of us.
What are the threats for financial system from bitcoin?
To make the current financial system to a decentralized system? That's why some of the bitcoin enthusiast are thinking which I completely disagree with, it will not happen though it's a threat but it's not a big threat to the government. They have the power and they can regulate bitcoin to their favor. 
What are the threats for financial system from bitcoin?
Because a lot of the people are realizing if they can managing his financial. Too close from the centralised system and try to move into the decentralised system financial. it makes a freedom for everyone to do anything with his money. and it will give a bad impact on the financial system and especially for the bank.
What are the threats for financial system from bitcoin?
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