What are the threats for financial system from bitcoin?
bitcoin is the world online curency, same with dollar
so can develop financial system, economic system with trading and payment procesor, is not difference financial system use dollar
Topic: Finanacial System (Read 1740 times)
bitcoin is the world online curency, same with dollar
so can develop financial system, economic system with trading and payment procesor, is not difference financial system use dollar
What are the threats for financial system from bitcoin?
There aren't any.
Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets.
Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world.
If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth.
Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion.
Listen to how stupid you sound. Youre saying Bitcoin is replacing fiat? Where? I dont see any of that sort in the financial system today. Another problem with BTC is scalability. Its not ready to handle all the world's fiat transactions and may never will.
Scalability is certainly an issue
And Bitcoin is quite naturally not yet fully ready to handle "all the world's fiat transactions" and likely will never be able to. But that's certainly not to say that it can't handle at least some part of these transactions since this is what it already does. It is a difference of degree, not of kind. Other than that, the black-and-white approach (which is what you essentially stick to here) is not very constructive in general. Bitcoin is not replacing fiat (not anywhere near that so far), but it is still slowly crowding fiat out. And then again, this is what it already does (whether you like it or not). Denying this is like claiming that the Earth is flat and Elvis Presley still alive
You say it like it is certain to happen. Bitcoin doesnt matter to 99% of the world's population. Did you see what the People's Bank of China did? It blocked BTC withdrawals from the exchanges in China and it didnt affect anyone except the traders. If BTC was removed today it wont really matter except for users of the darknet markets and some whales trading Bitcoin. The majority of us will lose less than 1 BTC. Dont kid yourself that BTC is getting there
What exactly am I saying that you interpret as certain to happen?
In fact, I'm not saying anything about what is yet going to happen. I'm just pointing out what is already happening. I hope you see the difference. I have to repeat that such an approach ("all or nothing") won't lead you anywhere. Regarding Chinese exchanges disabling withdrawals, this argument of yours in fact works straight against your point. It didn't affect anyone (here you are right) as it didn't affect the price of Bitcoin in any significant degree. Simply speaking, this has out of hand shown that Bitcoin is a lot more already than just Chinese exchanges, contrary to what many people assumed or believed prior to that
Ok its good that we get each other in thinking that nothing is certain to happen when it comes to the future of BTC. Im also not thinking in black-and-white because I do agree that BTC will be used in the darknet for quite a long time.
As for China, yeah it didnt affect Bitcoin but it didnt affect the rest of the nation either.
Goverments, who control finance at countries with a lot of rules are not happy about bitcoin system at all. Because it hides the people incomes and make the payments more faster and safer. Plus you cant control any funds because it's not connected to any person. And that's why it's decentralize system only you can control and spend or you can close the wallet
What are the threats for financial system from bitcoin?
There aren't any.
Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets.
Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world.
If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth.
Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion.
Listen to how stupid you sound. Youre saying Bitcoin is replacing fiat? Where? I dont see any of that sort in the financial system today. Another problem with BTC is scalability. Its not ready to handle all the world's fiat transactions and may never will.
Scalability is certainly an issue
And Bitcoin is quite naturally not yet fully ready to handle "all the world's fiat transactions" and likely will never be able to. But that's certainly not to say that it can't handle at least some part of these transactions since this is what it already does. It is a difference of degree, not of kind. Other than that, the black-and-white approach (which is what you essentially stick to here) is not very constructive in general. Bitcoin is not replacing fiat (not anywhere near that so far), but it is still slowly crowding fiat out. And then again, this is what it already does (whether you like it or not). Denying this is like claiming that the Earth is flat and Elvis Presley still alive
You say it like it is certain to happen. Bitcoin doesnt matter to 99% of the world's population. Did you see what the People's Bank of China did? It blocked BTC withdrawals from the exchanges in China and it didnt affect anyone except the traders. If BTC was removed today it wont really matter except for users of the darknet markets and some whales trading Bitcoin. The majority of us will lose less than 1 BTC. Dont kid yourself that BTC is getting there
What exactly am I saying that you interpret as certain to happen?
In fact, I'm not saying anything about what is yet going to happen. I'm just pointing out what is already happening. I hope you see the difference. I have to repeat that such an approach ("all or nothing") won't lead you anywhere. Regarding Chinese exchanges disabling withdrawals, this argument of yours in fact works straight against your point. It didn't affect anyone (here you are right) as it didn't affect the price of Bitcoin in any significant degree. Simply speaking, this has shown straight away that Bitcoin is a lot more already than just Chinese exchanges, contrary to what many people assumed or believed prior to that
What are the threats for financial system from bitcoin?
There aren't any.
Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets.
Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world.
If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth.
Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion.
Listen to how stupid you sound. Youre saying Bitcoin is replacing fiat? Where? I dont see any of that sort in the financial system today. Another problem with BTC is scalability. Its not ready to handle all the world's fiat transactions and may never will.
Scalability is certainly an issue
And Bitcoin is quite naturally not yet fully ready to handle "all the world's fiat transactions" and likely will never be able to. But that's certainly not to say that it can't handle at least some part of these transactions since this is what it already does. It is a difference of degree, not of kind. Other than that, the black-and-white approach (which is what you essentially stick to here) is not very constructive in general. Bitcoin is not replacing fiat (not anywhere near that so far), but it is still slowly crowding fiat out. And then again, this is what it already does (whether you like it or not). Denying this is like claiming that the Earth is flat and Elvis Presley still alive
You say it like it is certain to happen. Bitcoin doesnt matter to 99% of the world's population. Did you see what the People's Bank of China did? It blocked BTC withdrawals from the exchanges in China and it didnt affect anyone except the traders. If BTC was removed today it wont really matter except for users of the darknet markets and some whales trading Bitcoin. The majority of us will lose less than 1 BTC. Dont kid yourself that BTC is getting there.
What are the threats for financial system from bitcoin?
The only threat I see is the fact that transactions are untraceable and that will give dupers and scammers upper hand. In this world where transactions can still be traced for those who use Fiat, there are still high level of fraud being carried out without any victory about catching the people involved even though this is carried out by high level hackers but with bitcoin coming in, I dont need to be an hacker to dupe people of their resources, just send to my address and that is the final. This is the threat I see...
I would say that bitcoin pose no real danger to the financial system. In my opinion the bitcoin as the alternative to the financial system just gives the idea about how many people are discontented with the fiat status quo. Ofcourse showing discontency is in itself destabilising for the system that is based on the faith - fiat.
There is a small additional threat to the fiat financial system. There is a disconnection of real money (of bitcoiners) from the system, that before the existance of bitcoin had provided the liquidity on the markets. That can pose additional destabilisation to the system that need to print more fake money to compensate for the loss of liquidity of money leaving the system.
You can say that bitcoin provides more destabilization to already very unstable system. The system is meant to fall. Every expert on the subject is completly amazed how long does this unstable fiat financial system works. It should have failed a long time ago.
There is a small additional threat to the fiat financial system. There is a disconnection of real money (of bitcoiners) from the system, that before the existance of bitcoin had provided the liquidity on the markets. That can pose additional destabilisation to the system that need to print more fake money to compensate for the loss of liquidity of money leaving the system.
You can say that bitcoin provides more destabilization to already very unstable system. The system is meant to fall. Every expert on the subject is completly amazed how long does this unstable fiat financial system works. It should have failed a long time ago.
I dont think BTC can pose a threat to destabilize the present system. But what BTC can do is provide a channel for the darknet to move value and makw payments without needing the financial system. That is far from destabilization. It is more like enablement of the underserved.
What are the threats for financial system from bitcoin?
There aren't any.
Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets.
Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world.
If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth.
Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion.
Listen to how stupid you sound. Youre saying Bitcoin is replacing fiat? Where? I dont see any of that sort in the financial system today. Another problem with BTC is scalability. Its not ready to handle all the world's fiat transactions and may never will.
Scalability is certainly an issue
And Bitcoin is quite naturally not yet fully ready to handle "all the world's fiat transactions" and likely will never be able to. But that's certainly not to say that it can't handle at least some part of these transactions since this is what it already does. It is a difference of degree, not of kind. Other than that, the black-and-white approach (which is what you essentially stick to here) is not very constructive in general. Bitcoin is not replacing fiat (not anywhere near that so far), but it is still slowly crowding fiat out. And then again, this is what it already does (whether you like it or not). Denying this is like claiming that the Earth is flat and Elvis Presley still alive
What are the threats for financial system from bitcoin?
There aren't any.
Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets.
Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world.
If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth.
Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion.
Listen to how stupid you sound. Youre saying Bitcoin is replacing fiat? Where? I dont see any of that sort in the financial system today. Another problem with BTC is scalability. Its not ready to handle all the world's fiat transactions and may never will.
What are the threats for financial system from bitcoin?
There aren't any.
Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets.
Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world.
If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth.
Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion.
What are the threats for financial system from bitcoin?
There aren't any.
Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets.
Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world.
If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth.
I think that the governments are going to have a hard time when they no longer have as much control on the money supply. Calculating GDP will be much harder on a relatively unregulated market and this will lead to us no longer realizing how healthy or unhealthy our economy is. It's okay I guess but imo it can become very dangerous, recessions could be happening without any of us even knowing it. I really think that we will always need a level of regulation in order to prevent everything from falling apart.
You misunderstood what theyre trying to say. They said that it could change banking as we know it, not permanently destroy and disable them. What theyre trying to do is to keep up with the technology by adopting the blockchain. But do they really need it? Save that for another topic. There are some in Bitcoin and crypto that says they dont.
What are the threats for financial system from bitcoin?
Although some people in the forum argue that there is no risk to the global financial system from bitcoin, banks do not have the same opinion. For example, BNP Paribas admitted that bitcoin could destroy the banks as we know they work now. More over the BBA which is the leading trade association in UK has circulate a document with title Digital Disruption UK Banking Report has a paragraph about the threat of bitcoin in the future and concludes that bitcoin "users handle many of their daily payments needs themselves, without the need for interaction with banks". All of these which anyone can find with a simple search like as more recent examples of other banks like as the PBOC are signs that banks are already considering the bitcoin as the enemy. The future will be interesting.
Crypto-currencies in general and bitcoin in particular create new tasks that lawmakers, regulators and law enforcement agencies will have to solve. Almost any new fruits of progress, in addition to positive changes, bring new risks, crypto-currencies are no exception. The threat to the stability of the country's economy from the crypto currency side is still very vague, but it would be prudent to think about collecting statistics, analytics and accurate regulation so that business can understand in what framework and how it can work with new technologies without breaking the law and minimizing its own risks.
Freedom of spending money is what the principle of Bitcoin according to me :-) Everybody knows it is decentralized currency and no one has control over it which gives us freedom of spending it the way want in terms of its volume, time and anonymous nature. The fees are less and it takes fraction of time to process. No documents required, no signatures and physical identification as would be the case with real banks! This is what for Bitcoins are made and being adopted by many of us. 
on the fee they are not that less, compared to most sepa processors, for example i need to pay zero fee with deutesche bank if i want to do a sepa to someone in europe, this make bitcoin far worse and not only for micro payment
the onyl advantage is the speed, bitcoin is still quickly than the relative 1 day time for a sepa for example, also debit card are always free when used to buy stuff, with bitcoin you ned to pay $0.5+ for everything you need to purchase
That largely depends on the bank you are using
Some are more client oriented, some less, while some others are just being used as money laundering devices and they don't care about their clients altogether. For example, I don't just not pay anything (as a fee) when using a payment card of a certain bank but actually got paid back (so-called cashback reward program) when buying things in supermarkets (up to 5%). This basically amounts to buying things cheaper by the same percentage. This cashback has a fixed monthly limit in place of course, but I never even come close to it in my expenses
Freedom of spending money is what the principle of Bitcoin according to me :-) Everybody knows it is decentralized currency and no one has control over it which gives us freedom of spending it the way want in terms of its volume, time and anonymous nature. The fees are less and it takes fraction of time to process. No documents required, no signatures and physical identification as would be the case with real banks! This is what for Bitcoins are made and being adopted by many of us.
A highly regurgitated comment you have there. What do you think of fiat? Isnt that spent freely in your area? Do the police need to check your ID before you can buy something?
You said that the fees are less and it takes fraction of time to process. Really? Try buying something with BTC and see how the fraction of time youre talking about is around an hour more.
Is BTC really being adopted by you, or being hoarded by you? Pick one.
Freedom of spending money is what the principle of Bitcoin according to me :-) Everybody knows it is decentralized currency and no one has control over it which gives us freedom of spending it the way want in terms of its volume, time and anonymous nature. The fees are less and it takes fraction of time to process. No documents required, no signatures and physical identification as would be the case with real banks! This is what for Bitcoins are made and being adopted by many of us.
on the fee they are not that less, compared to most sepa processors, for example i need to pay zero fee with deutesche bank if i want to do a sepa to someone in europe, this make bitcoin far worse and not only for micro payment
the onyl advantage is the speed, bitcoin is still quickly than the relative 1 day time for a sepa for example, also debit card are always free when used to buy stuff, with bitcoin you ned to pay $0.5+ for everything you need to purchase..
Freedom of spending money is what the principle of Bitcoin according to me :-) Everybody knows it is decentralized currency and no one has control over it which gives us freedom of spending it the way want in terms of its volume, time and anonymous nature. The fees are less and it takes fraction of time to process. No documents required, no signatures and physical identification as would be the case with real banks! This is what for Bitcoins are made and being adopted by many of us.
A financial system (within the scope of finance) is a system that allows the exchange of funds between lenders, investors, and borrowers. Financial systems operate at national, global, and firm-specific levels.
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.
What are the threats for financial system from bitcoin?
For me bitcoin is giving us a way to financial freedom in the long run, by simply keeping some of bitcoins because it is unregulated decentralization, which means we are the one, we are the key also to make our savings be in progress someday once the price increase like a skyrocket going to the moon.
People are finding financial freedom by saving bitcoin. I believe this benefit from bitcoin will be available for every person for at least next hundred years. So, there will be no meaning of suspecting about bitcoin's potential and features.
What are the threats for financial system from bitcoin?
Maybe because it is out of the control of governments, as well as the digital nature of Bitcoin made it the easiest way to transfer the illegal money. We can not deny that Bitcoin has some disadvantages, but the governments started to recognise that they can not kill or stop Bitcoin, so they are trying to regulate or dominate it, for example China.
Bitcoin is not the threat to current financial system, it's something different, the alternative, something that we have never had before. The reason why financial establishment is afraid of bitcoins is competition because now people have the choice and some rules have changed.
I would say that bitcoin pose no real danger to the financial system. In my opinion the bitcoin as the alternative to the financial system just gives the idea about how many people are discontented with the fiat status quo. Ofcourse showing discontency is in itself destabilising for the system that is based on the faith - fiat
There is a small additional threat to the fiat financial system. There is a disconnection of real money (of bitcoiners) from the system, that before the existance of bitcoin had provided the liquidity on the markets. That can pose additional destabilisation to the system that need to print more fake money to compensate for the loss of liquidity of money leaving the system
In fact, it works exactly the other way around
And it is a real danger to the financial system based on fiat that Bitcoin threatens it with. More specifically, Bitcoin (if it is set to expand, of course) would be crowding out fiat (whatever local currency is used in the area which gets infested with Bitcoin), i.e. more, say, dollars would be chasing less goods (because Bitcoin will be used where the dollar has been the king before), and then the "system" would have to unprint more money, i.e. diminish money supply, not expand it. That's how things are going to stand in real life if Bitcoin starts to seriously compete with fiat currencies
I would say that bitcoin pose no real danger to the financial system. In my opinion the bitcoin as the alternative to the financial system just gives the idea about how many people are discontented with the fiat status quo. Ofcourse showing discontency is in itself destabilising for the system that is based on the faith - fiat.
There is a small additional threat to the fiat financial system. There is a disconnection of real money (of bitcoiners) from the system, that before the existance of bitcoin had provided the liquidity on the markets. That can pose additional destabilisation to the system that need to print more fake money to compensate for the loss of liquidity of money leaving the system.
You can say that bitcoin provides more destabilization to already very unstable system. The system is meant to fall. Every expert on the subject is completly amazed how long does this unstable fiat financial system works. It should have failed a long time ago.
There is a small additional threat to the fiat financial system. There is a disconnection of real money (of bitcoiners) from the system, that before the existance of bitcoin had provided the liquidity on the markets. That can pose additional destabilisation to the system that need to print more fake money to compensate for the loss of liquidity of money leaving the system.
You can say that bitcoin provides more destabilization to already very unstable system. The system is meant to fall. Every expert on the subject is completly amazed how long does this unstable fiat financial system works. It should have failed a long time ago.
I dont think BTC can pose a threat to destabilize the present system. But what BTC can do is provide a channel for the darknet to move value and makw payments without needing the financial system. That is far from destabilization. It is more like enablement of the underserved.
What are the threats for financial system from bitcoin?
Simple, they'd be rendered obsolete by Bitcoin in the near future because they are failing to be innovative.
The main thing is control, to say obsolete means Bitcoin too is obsolete because Bitcoin derived its value from the fiat currency which is created by this system. Also most of these guys running this system are the very best in their field
What are the threats for financial system from bitcoin?
I can't picture it out what will be the financial threat from bitcoin if the government is going to limit the usage of crypto in their jurisdiction. They can simply create a bill that limiting people who uses bitcoin. It's also decentralized that's why it will not be a threat to the financial system, maybe there's one threat, I guess with taxation.
What are the threats for financial system from bitcoin?
For me bitcoin is giving us a way to financial freedom in the long run, by simply keeping some of bitcoins because it is unregulated decentralization, which means we are the one, we are the key also to make our savings be in progress someday once the price increase like a skyrocket going to the moon.
People are finding financial freedom by saving bitcoin. I believe this benefit from bitcoin will be available for every person for at least next hundred years. So, there will be no meaning of suspecting about bitcoin's potential and features.
What are the threats for financial system from bitcoin?
For me bitcoin is giving us a way to financial freedom in the long run, by simply keeping some of bitcoins because it is unregulated decentralization, which means we are the one, we are the key also to make our savings be in progress someday once the price increase like a skyrocket going to the moon.
I don't think it's much problem for the government since they are GOVERNMENT, they can regulate it if they want to and whatever happens, they'll get a slice of the pie. The financial institutions that might be affected would be bank. Imagine if people just store their wealth in bitcoins in their hardware wallets. That's a lot of money out of the banks hands. That would still be many years from now though and banks still have services that are still in infancy in bitcoin, for example loans.
What are the threats for financial system from bitcoin?
There are lots but to me the main treat is the loss of control over what the general public do with their money. Especially from fees for world wide remittance which is a massive industry.
Treats means some kind of rewarding food. Just saying.
Anyway, financial systems in governments don't really have that much influence over the financial system of the country it is in. What they do to promote some aspect of the system is that they offer some kind of incentives for some action. For example, if they want to lower money in circulations, they raise interest on treasury bonds. This cannot be done in bitcoin, but the problem is that bitcoins are just driven by supply and demand. It is not backed up by anything. That is why the prices of these are just fluctuating so much.
What are the threats for financial system from bitcoin?
There are lots but to me the main treat is the loss of control over what the general public do with their money. Especially from fees for world wide remittance which is a massive industry.
What are the threats for financial system from bitcoin?
The threats? That there is a system out there they can not have any control of, pull the plug, and what's most threatening for those elites, everybody around the world can have access to it!
Banks made a fortune over several hundreds of years and were the financial gods! They decided, together with the politicians, how wealthy and properous the rest of us were allowed to live.With open decentraized cryptocurrencies there is a small possibility to escape out of that cage!
This doesn't mean you will not have to follow the rules, but cryptos may give you a chance to live with more independence and financial freedom.
What are the threats for financial system from bitcoin?
Financial system is a very complex kind of system and even bitcoin is also a part of that. But if we want to really look into the details bitcoin is not a threat to the traditional financial system rather it will help in solving many problems that underlies the fiat financial system. Due to this some countries are already studying bitcoins due to its potential in the financial payment system.
bitcoin will be a threat to the bank world when people will acknowledge bitcoin and start to use for shopping, this will happen when amazon will begin to accept bitcoin, and when many people will get rid of their card and get rid of paypal account and other service liek paypal, if thse service beign to fall bitcoin will be a success
What are the threats for financial system from bitcoin?
Simple, they'd be rendered obsolete by Bitcoin in the near future because they are failing to be innovative.
I would say that bitcoin pose no real danger to the financial system. In my opinion the bitcoin as the alternative to the financial system just gives the idea about how many people are discontented with the fiat status quo. Ofcourse showing discontency is in itself destabilising for the system that is based on the faith - fiat.
There is a small additional threat to the fiat financial system. There is a disconnection of real money (of bitcoiners) from the system, that before the existance of bitcoin had provided the liquidity on the markets. That can pose additional destabilisation to the system that need to print more fake money to compensate for the loss of liquidity of money leaving the system.
You can say that bitcoin provides more destabilization to already very unstable system. The system is meant to fall. Every expert on the subject is completly amazed how long does this unstable fiat financial system works. It should have failed a long time ago.
There is a small additional threat to the fiat financial system. There is a disconnection of real money (of bitcoiners) from the system, that before the existance of bitcoin had provided the liquidity on the markets. That can pose additional destabilisation to the system that need to print more fake money to compensate for the loss of liquidity of money leaving the system.
You can say that bitcoin provides more destabilization to already very unstable system. The system is meant to fall. Every expert on the subject is completly amazed how long does this unstable fiat financial system works. It should have failed a long time ago.
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.
Bitcoin takes away the control that the financial have. This same control gives them the ability to decide who gets what, at what price, and under what conditions. The financial players and regulators see the decentralization of bitcoin as a major threat, and they will continually seek out ways to bring bitcoin into 'subjection'
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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