Hello crypto! Bye bye credits? - page 17.

Cryptoreflector_666

member

Activity: 728

Merit: 24

Quote from: melch100 on June 09, 2018, 10:10:30 PM

Quote from: Cryptoreflector_666 on June 09, 2018, 08:52:09 PM

Quote from: lolland on June 09, 2018, 08:48:06 PM

I don't think the banking system will go away the next many years, but there business model, where they print debt money, out of the thin air, they can lend out will be challenge.

The fact is that there may come a time when the Fiat currency will simply become unprofitable. And then the credit system will clearly move to the crypt, but in what form it is not yet clear.

For me I guess credits will still be there and maybe in the future credits will join crytos, I am not sure but everything is possible in the internet. Let's just see how this will work soon.

It will be so, but it would be interesting to hear some assumptions and ideas on how to transfer the current credit system of Fiat money to the crypto-currency market, while maintaining its advantages and reducing its shortcomings as much as possible.

cizatext

member

Activity: 952

Merit: 41

There are so many people who are taking crypto loan even on this forum all they need do is to get a strong collateral and with good escrow and the loan will be given with the interest that is accrued to it. But crypto loan is most time difficult due to the volatility of the Price of crypto since it did not have a stable Price is always hard to cope with the payment.

Ch01ce0N3

jr. member

Activity: 131

Merit: 1

I think the same. Even if we want to borrow money in cryptocurrency system, then the banking system is worth a try and applied. New results will appear. If good, it is quite possible that the way in banking is applied to cryptocurrency.

Grechkatx

full member

Activity: 392

Merit: 100

To take a loan in cryptocurrency is necessary first of all, that the cryptocurrency has been legalized in a number of countries. Not everyone will want to take such a loan, because you do not know how much you will have to pay.

GFE

full member

Activity: 336

Merit: 100

Quote from: Cryptoreflector_666 on May 13, 2018, 06:51:04 PM

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

Why do you think that bank system will disappear? Yes, it could be changed for criptocurrency. For ex., to take taxes from cripto deals and etc. However, any change in current system is rather long process

GilbertQuintanilla

newbie

Activity: 110

Merit: 0

I'm very much confused whether there has any system like this or not.

almersyn

newbie

Activity: 140

Merit: 0

Quote from: Cryptoreflector_666 on May 13, 2018, 06:51:04 PM

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

I think the world of cryptocurrency knows no capital loans. The influence of prices and price levels that tend to change over time makes us not dare to lend capital to someone. Afraid of losing or so on

martinsidole

newbie

Activity: 75

Merit: 0

In General, this is a good idea for a startup or ICO, but it is not clear how to reproduce it technically, since a working scheme with a creditor and a guarantor based on the blockchain is needed. This is a good way to move the brain and bring the monetary system to a new level.

Cutieh01

newbie

Activity: 98

Merit: 0

Quote from: takadada on June 10, 2018, 04:46:13 AM

I do not think it's possible to do that, credit to banks is easy to lend, but with crypto it's going to be the widest, most manageable source of funds.

I don't think it's impossible with our technology today it is possible just like computer who would have thought that it would be that useful not just computer also our phones but before they become popular a lot of people is giving negative thoughts about them. So just like bitcoin it maybe not that be accepted by people today I know in the near future it will be as well as the crypto loan. It may be difficult to think how it may work but who knows it may be easier and has a faster transaction unlike the traditional bank. Change is constant so as the banking system may change.

jhonvir666

jr. member

Activity: 210

Merit: 1

So you want to get a loan in a crypto I think it's just the same as our banking but it's very hard because a crypt does not have the price we can expect because there is no stable price in a cryptocurrency and a national banking has always been running for the needs of a national community.That is why the crypto is provided with a premium income and can be easily compared to such credits that it is easy to obtain but difficult to pay as long as the debts are discussed.

MrAntonius

full member

Activity: 392

Merit: 126

Quote from: Cryptoreflector_666 on May 13, 2018, 06:51:04 PM

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

I think that crypto loans will be on the principle of a chain of transfers. I you, you me, I told him, etc. counterparts this scheme is already there now. Even I saw on the forum such ICO companies that develop a similar scheme, but not on bitcoin but on Ethereum. But this idea is very promising.

takadada

newbie

Activity: 66

Merit: 0

I do not think it's possible to do that, credit to banks is easy to lend, but with crypto it's going to be the widest, most manageable source of funds.

Safebit.io

jr. member

Activity: 50

Merit: 9

Loans are extremely important for economic growth. While Bitcoin has a fixed supply (and thus doesn't support credit), the crypto economy itself has already figured out a credit mechanism: Creating tokens.

We're going to see loan services coming soon.

FO4R

newbie

Activity: 82

Merit: 0

Lets say hello to cryptos!!cryptocurrencies is a emerging currency today.It was decentralized currencies which also means that the government has no control about the ups and downs of it.Same as credits,cryptocurrencies is a cashless payment which enable a person to transact anytime,anywhere with just a touch of a finger into their co mputers or even on smart phones.No need to have a bank account instead a account called wallet.

TheGodFather

hero member

Activity: 854

Merit: 500

Quote from: Cryptoreflector_666 on May 13, 2018, 06:51:04 PM

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

That’s actually not something possible if not regulated by the government. Cryptocurrency has a tendency or one of its proporty is its unstable natire due to its decentralization. But if properly regulated and if the government or the financial institutions have made a rule or policies concerning what to do with the price. Otherwise it would not be feasible and the credit system would still be there and has to live alongside with the other currencies in the world

Dark_raven007

newbie

Activity: 224

Merit: 0

I also never thought about it. But a few months ago I met a project that offered such services. (credit in the crypto currency). They even collected soft cap and is on the stock exchange. In general, the project is poluetsya success. But I personally never take loans. I earn myself

fedosee

newbie

Activity: 24

Merit: 0

Credits will be history in coming years. More and more people are shifting to crypto because of the convenience it offers.

Raufjoze

jr. member

Activity: 317

Merit: 1

I think in the near future there will be banks that will provide credit conditions for users in cryptocurrency because now there are many projects on the market that offer the user to take or give a loan of cryptocurrency at a certain percentage and for different time you can take loan in cryptocurrency of the projects. this project after fulfilling the terms of their contract

mia khalifa

full member

Activity: 476

Merit: 100

yes you are right you should leave credits because with cryptocurrency you can be more secure and can get profit very many transaction by using cryptocurrency also more comfortable and safe than using credits.

ngano ba

jr. member

Activity: 280

Merit: 1

To tell you ,I have experienced credit cards and I find it tempting , everytime you go out their shopping ,dining, groceries I used to have credit cards , its hard you are always chasing your debts, this the life of credits, if you can not control it you will be like in jail, but with this joining cryptos , credits will go bye, especially if you are hardworker in cryptos you can gain much in cryptos especially bitcoin, so if you could make a lot crypto saving in your wallet ,so you can use this instead of credits to your purchases.

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