How the federal reserve will react to the bitcoin growth ? - page 2.

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legendary

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Quote from: Kakmakr on December 18, 2016, 03:25:20 AM

Quote from: unamis76 on December 17, 2016, 06:30:11 PM

I think the "fashionable" answer to this nowadays would be "they're going to try and build their own blockchain and coin" Cheesy

They have to do something, because the current system is failing on a massive scale globally. I think Denmark will be the first country to develop their own digital currency and then the other countries will follow their lead. The signs are already there that they are turning against the use of cash. We will see a clear division between and < Public Blockchains > by the end of 2017. The difference will make it easier for governments to regulate Crypto Currency in the future. ^mark my words^

That makes perfect sense. What better way to have full control of their citizens. Fully traceable currency will allow them to track every aspect of someone's life. Every like and dislike is revealed by what we purchase. Paper currency allows some of that to be hidden. It can eliminate vice crimes completely as people are caught and jailed for crimes based on the blockchain data.

Kakmakr

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Quote from: unamis76 on December 17, 2016, 06:30:11 PM

I think the "fashionable" answer to this nowadays would be "they're going to try and build their own blockchain and coin" Cheesy

They have to do something, because the current system is failing on a massive scale globally. I think Denmark will be the first country to develop their own digital currency and then the other countries will follow their lead. The signs are already there that they are turning against the use of cash. We will see a clear division between and < Public Blockchains > by the end of 2017. The difference will make it easier for governments to regulate Crypto Currency in the future. ^mark my words^

davis196

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Quote from: derprinz on December 17, 2016, 02:16:19 PM

Hi, i believe the bitcoin will be the currency of the future
and it's a threat to the federal reserve
but they are not going to just watch their system collapse of course
how do you think the federal reserve will react ?

Bitcoin is still too small and the federal reserve doesn`t care about btc right now.

If they see it as a threat,they will destroy btc very fast.The federal reserve and the government have the

power to do it.

~Bitcoin~

legendary

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Quote from: derprinz on December 17, 2016, 02:16:19 PM

Hi, i believe the bitcoin will be the currency of the future
and it's a threat to the federal reserve
but they are not going to just watch their system collapse of course
how do you think the federal reserve will react ?

- Yes bitcoin/cryptocurrency are the currency of future.
- Yes it's threat to the federal reserve.
- They have already started to research on blockchain technology to create their own centralized crypto.
- Many banks and government may launch their own centralized blockchain based crypto/currency and may forced their citizens to shift towards their so called crypto from bitcoin.

Shady

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Life is a game, you either play it or get played.

The Fed surely can use resources to stimulate not only the fiat economies of the planet, but also virtual economies by distributing excess funds into circulation...

Despite popular belief if countries pooled efforts like they do in cryptonomics there wouldn't be these problems present. It's only a matter of time before government systems adapt so easily break through time and wait it off.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

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Meuh6879

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they already react ...

they print all money that they can to submerge the Bitcoin capacity.
(and destroy many forest ... for bills).

Barbut

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Quote from: Cryptotraider16 on December 17, 2016, 03:46:53 PM

They cant do anything! Btc will keep rise!

Bitcoin will rise, but federal reserves can speed up or slow down that process. They can create laws about bitcoin, their actions will effect on public opinion. Their reaction is not visible yet, but I`m sure that different agencies already investigating bitcoin. They have teams of expert that will try to create some plan, like always big countries like to manipulate with everything.

n691309

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Quote from: derprinz on December 17, 2016, 02:16:19 PM

Hi, i believe the bitcoin will be the currency of the future
and it's a threat to the federal reserve
but they are not going to just watch their system collapse of course
how do you think the federal reserve will react ?

Somethings will happen because we have seen in the past that when the bitcoin price gets higher something else happens and bitcoin price gets dumped hard, like last time when China government did something and there was a panic in the bitcoin world.

The Sceptical Chymist

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The Fed? I don't think they care all that much about bitcoin. The IRS, on the other hand, seems to be greatly interested in it, and that's the agency I'd be watching. The Fed's got its hands busy raising rates and dealing with the bankers. Bitcoin isn't probably even on their radar. But you know that if the IRS can fuck you out of money, they will.

mrkevio

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Bitcoin won't be a threat unless it grows more than what it is right now. Over 100 or 500 million users would become a threat already for them. Although there are a lot of shops in the world at which you can pay with Bitcoins, these shops can still be controlled by the governments because the wallets can be easily tracked if you have the addresses. But if our community grows, this will get out of their control. And that is a problem for them.

unamis76

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I think the "fashionable" answer to this nowadays would be "they're going to try and build their own blockchain and coin" Cheesy

harrymmmm

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They will spend a greater amount of resources investigating how to control it via the protocol, then via the userbase, then via incentivized alternatives. We see that kind of thing being looked at already.
I think, in the end, they will conclude they can't control it well enough that way. Best they could do is make it unattractive to most people in places where they can offer a better alternative. In places where the gov surveillance isn't worrying people much.

At that point, they might try more overt methods. Banning, regulating out of existence, jail sentences.
This could become quite extreme, since it does indeed threaten their golden goose.
I doubt if this could be made to happen in every single country though. Still, I'd rather not have my bitcoin and my if linked at that time. Long before this time, bitcoin will evolve to avoid their actions, but people will still take damage.

Eventually, I think they will fail to control it everywhere, but it could become hard to use. What's left then will be interesting to see.

BingoDog

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I don't think they feel much threatend. They still think they are very solid and that something like Bitcoin can't put them out of track. With time they will probably realise the real situation but so far they are acting like nothing is happening. And what can they actualy do about it?

Cryptotraider16

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They cant do anything! Btc will keep rise!

Sir Alpha_goy

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Quote from: derprinz on December 17, 2016, 02:16:19 PM

Hi, i believe the bitcoin will be the currency of the future
and it's a threat to the federal reserve
but they are not going to just watch their system collapse of course
how do you think the federal reserve will react ?

Their mindset is just like that of Bitcoin.

The other team does not exist.

derprinz

newbie

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Hi, i believe the bitcoin will be the currency of the future
and it's a threat to the federal reserve
but they are not going to just watch their system collapse of course
how do you think the federal reserve will react ?

Topic: How the federal reserve will react to the bitcoin growth ? - page 2. (Read 1707 times)