Topic: Insight on Bitcoin reigning over our global currencies? (Read 253 times)
The US gold reserve is actually a big issue right now..that is why they could not let go of our country. As small as the Philippines is, we actually have tons of gold! Idagdag mo pa yung nadiscover na oil reserve natin deep in our water territory which they say is even more than all the oils in the other territories combined! Now I don't know how accurate this is, but it seems there is truth in it since some of our neighboring countries are now joining the scene of trying to manipulate our resources. When it comes down to economic stability, gold and oil are the main basis! And we've got lots of them! I just pray that our president would not be influenced by these super powers who are trying to drain us of our wealth. God has a great plan for our nation and in His time our purpose will be known. As for the stability of cryptos, I have high expectations of them having a bigger role in our trading system...
Good day po..Any insights on Bit coin or any cryptocurrencies reigning over our traditional global currencies? In effect possibility of wiping or phasing out our monetary exchange mediums?
May napanuod nga ako sa youtube na tinatalakay ng International Monetary Fund ang about threat ng digital money most especially Bitcoin sa fiat money. Di ko lang masyado alam kung sa anong dahilan sila nababahala about cryptocurrency. Siguro isa na rin ang pagiging decentralisado at sabi it could reduce the demand for dollars na syang makakaapekto sa rate of circulation. At sabi pa dun sa isang statement na nagsasabing users will not need third party institutions to protect their funds. In this time of economic instability, rising inflation rates and the implementation of negative interest rates, users shouldn’t trust banks and financial establishments to store money. Kaya siguro niregulate ng gobyerno yung ibang mga currency exchange na magkakaroon ng KYC kasi gusto nila malaman yung flow at flaws ng digital money natin nirarason lang yung money laundering kuno. 
Nababahala sila tingin ko sapagkat Wala nang kalinawan ang kanilang mga system na nagbabackup sa gold. Matagal tagal na din bago nagaudit sa gold reserve ng USA sa fort Knox. May mga controversy na Wala daw talagang gold dun at gawa gawa lang, totoo man ito o hindi masamang image ito sa dollars lalo na dahil ang oil reserves ay unti unting nawawalan na din ng value. Ang cryptocurrencies ay Isa San pwedeng maging reserves ng monetary system ng mundo, may kakulangan sa maerial value pero hindi matatawarana ng potential ng teknolohiya neto.
Regarding sa KYC service, merong disadvantages ito talaga pero syempre Wala ka namang aalahanin sapagkat ensured ang cryptocurrencies mo kung sakali at kung Wala ka namang tinatago. Marami pang usapin ukol dito pero nagiintay pa rin ako ng susunod na kabanata sa crypto world.
Great insights! Thank you po..I was quite shocked with the impact Bitcoin has made in the trading system. I came across it years ago but did not really gave any attention to it since I guess, it only started as a reward valued at 1cents each..but now it is being used vastly across the system and now, most probably, considered as a monetary threat..It is quite intriguing and exciting at the same time how stable our Bitcoin will be in the coming years! One article even stated that Bitcoin may even be valued at 6 digits each! Now wouldn't that be mind boggling?! 
Good day po..Any insights on Bit coin or any cryptocurrencies reigning over our traditional global currencies? In effect possibility of wiping or phasing out our monetary exchange mediums?
Tingin ko hindi nito kayang iwipe out ang monetary exchange mediums. Unang una ang bitcoin ay walang central authority, kaya hindi papayag ang gobyerno na maging main currency ito. Pangalawa ang scaling problem ng bitcoin ay isa pa sa concerns, aside from that ang mga early adopters would have a huge control over the economy ng buong mundo since they hold lots of Bitcoin at hindi papayag ang bawat bansa nyan. They may change yung traditional way ng monetary exchange pero magupdrade lang ito at gagamitin lang ang technology ng bitcoin but not ang decentralized nature nito.
Not really reigning, I would say disrupting. Crypto is disrupting every fiat currency market and the properties of the relatively known money. What cryptocurrencies does is re-engineering the properties of money and creating other properties we haven't seen before. In terms of innovation, bitcoin is already making the traditional financial system obsolete. I heard that a/some foreign bank(s) has plans (if not already started) offering cryptocurrency management services, not sure where I've read that. Point is, cryptocurrencies can't be stop. When your favorite grocery store and your employer starts adopting bitcoin then fiat is basically done.
Good day po..Any insights on Bit coin or any cryptocurrencies reigning over our traditional global currencies? In effect possibility of wiping or phasing out our monetary exchange mediums?
May napanuod nga ako sa youtube na tinatalakay ng International Monetary Fund ang about threat ng digital money most especially Bitcoin sa fiat money. Di ko lang masyado alam kung sa anong dahilan sila nababahala about cryptocurrency. Siguro isa na rin ang pagiging decentralisado at sabi it could reduce the demand for dollars na syang makakaapekto sa rate of circulation. At sabi pa dun sa isang statement na nagsasabing users will not need third party institutions to protect their funds. In this time of economic instability, rising inflation rates and the implementation of negative interest rates, users shouldn’t trust banks and financial establishments to store money. Kaya siguro niregulate ng gobyerno yung ibang mga currency exchange na magkakaroon ng KYC kasi gusto nila malaman yung flow at flaws ng digital money natin nirarason lang yung money laundering kuno. 
Good day po..Any insights on Bit coin or any cryptocurrencies reigning over our traditional global currencies? In effect possibility of wiping or phasing out our monetary exchange mediums?
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