But I think that these questions hold enormous opposites in themselves.
Personally, I support a higher commitment of the banks. That will bring a higher degree of acceptance. Probably a higher level of protection and legality.
On the other hand, I am very worried about the arbitrariness with which the prices have been moving lately.
And I blame a lot of it on the banks and big investors.
Or is the crypto community so badly corrupted already?
Topic: Influence of the conventional banking system on cryptocurrency universe (Read 83 times)
January 27, 2018, 08:24:01 AM
January 27, 2018, 08:07:23 AM
As cryptocurrency now is a wider range of coins that holds virtual value.
We may accept it or not but it has grown larger in the private side than the other concepts.
We are loosing anonymity but the characters like transparency and auditability still exist.
Individuals and hedge funds are surely attracted towards the currencies.
Banks and other government oriented funds are still cautions about the anonymous and decentralised concept so they are coming up with more traceable (even more than fiat) by focusing on KYC tokens and will go with that version of cryptocurrency.
We may accept it or not but it has grown larger in the private side than the other concepts.
We are loosing anonymity but the characters like transparency and auditability still exist.
Individuals and hedge funds are surely attracted towards the currencies.
Banks and other government oriented funds are still cautions about the anonymous and decentralised concept so they are coming up with more traceable (even more than fiat) by focusing on KYC tokens and will go with that version of cryptocurrency.
January 27, 2018, 07:58:20 AM
What do you all mean? How far has the influence of banks and funds already progressed? How much does the well-known banking system affect our community?
IMF, rating agencies, funds, hedge funds, governments, bank lobbies, individual banks.
On the one hand, more and more institutions are mobilizing against bitcoin and crypto currencies. And on the other hand, they slowly turn out to be big players.
How far will that go? And does that have a positive or negative impact?
IMF, rating agencies, funds, hedge funds, governments, bank lobbies, individual banks.
On the one hand, more and more institutions are mobilizing against bitcoin and crypto currencies. And on the other hand, they slowly turn out to be big players.
How far will that go? And does that have a positive or negative impact?
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