Is Bitcoin a threat to the global financial system?

creeps

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Quote from: vv181 on January 27, 2018, 07:27:51 AM

Quote from: Red-Apple on January 27, 2018, 06:33:07 AM

first of all bitcoin is not big enough to threaten anything when you compare it with their financial empires they have built for themselves after years of centralization power over currency.

secondly i feel like sometimes the fact about volatility of bitcoin and mostly volatility and unpredictability of altcoins is used in a way to throw people off the major revolution that is happening thanks to bitcoin.
the revolution of bitcoin, that is creating a decentralized payment system that they can not control no matter how much they try.

It's because many people still biased by the government and not enough smart to think out of the box and choose which is 'better'. and government with all their powers will keep their people to keep like that by spreading FUD's and regulate it heavily.

Of course they will deny this, if cryptocurrency will really not affect the global financial system or even the financial system of one country why banning bitcoin? We all know the function of blockchain technology which offers greater services compare to the banking system. Bitcoin will improved the life of ordinary people and its a real threat for the government because they cannot collect taxes from this.

fengzhenwu666

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I don't think so.
The bitcoin deal is now part of the global financial system.
It has perfected the global financial system.

vv181

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Quote from: Red-Apple on January 27, 2018, 06:33:07 AM

first of all bitcoin is not big enough to threaten anything when you compare it with their financial empires they have built for themselves after years of centralization power over currency.

secondly i feel like sometimes the fact about volatility of bitcoin and mostly volatility and unpredictability of altcoins is used in a way to throw people off the major revolution that is happening thanks to bitcoin.
the revolution of bitcoin, that is creating a decentralized payment system that they can not control no matter how much they try.

It's because many people still biased by the government and not enough smart to think out of the box and choose which is 'better'. and government with all their powers will keep their people to keep like that by spreading FUD's and regulate it heavily.

VitKoyn

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Bitcoin can be a threat to the global financial systems but in my opinion for now I don't thing it is a threat. The reason is Bitcoin still have small number of consumers/investors compared to any financial system which is more wider. But if the Bitcoin community will grow more, if countries will legalize it as currency and more people will enter the market, this is the time that it will become a threat to all financial systems. This is why some banks and governments are now making their move to ban Bitcoin and other cryptocurrency on their territory.

abbhatia

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Bitcoin is not a threat but there should be some change in it.Concerning ICOs, tokens are allowed to be issued by legal entities or private operators for the purpose of fundraising. ICOs must be accompanied with legal documentation that discloses the details of the contract such as the issuer’s full name, physical location, official website and token’s price.

xiaoyu666

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I don't think so.
I think bitcoin can make the financial system more perfect.
It is good for the financial system.

Marucya

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I think that to date bitcoin and other crypto-currencies do not pose a threat to the current financial systems around the world. Crypto currency is a young currency and is used only by a small number of consumers. Despite the fact that in the year of 2017 the crypto-currency market experienced significant growth, however, the overall capitalization of the market is still well below $ 1 trillion, and therefore the crypto-currency market is too small to be a systemic threat to the global financial sector. But unequivocally, the potential inherent in the currency, is really exciting. Everything can be expected in the future.

zhanyiguai261315

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Bitcoin and other cryptocurrencies do not pose a threat to the world's existing financial system.
Virtual currencies are now used by only a handful of consumers, and the underlying technology behind these virtual currencies (blockchain) offers considerable potential for industrial applications.

trumper

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No for sure, I don't think so, it, especially cryptocurrencies will be very beneficial for the global financial system in the long term.

zhangfeng666

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I don't think so. I think bitcoin is now part of the global financial system.
Now that bitcoin has exchanges and futures, that's a good illustration.

Hamukione

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Bitcoin itself is not the thread, but the tech behind it is.

Blockchain tech is the way forward and lots of great companies like IBM, Mærsk, and Samsung is currently working on their own blockchain based systems.

Red-Apple

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first of all bitcoin is not big enough to threaten anything when you compare it with their financial empires they have built for themselves after years of centralization power over currency.

secondly i feel like sometimes the fact about volatility of bitcoin and mostly volatility and unpredictability of altcoins is used in a way to throw people off the major revolution that is happening thanks to bitcoin.
the revolution of bitcoin, that is creating a decentralized payment system that they can not control no matter how much they try.

AliMan

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Quote from: buinchain on January 27, 2018, 02:36:20 AM

I think it is inevitable that bitcoin will surely create a leveling off for the existing financial markets. But bring is good or bad, I can not predict. Encrypting the world of currencies is not an insignificant force for the world as a whole. If such a large amount of capital joins the financial markets, it is hard for anyone to tell the result clearly.

Bitcoin is not a threat to the old financial system. Actually, it is the future of money and can be used and adapted by the world to become the global currency to financial system. Bitcoin will also help countries to level up their currency into a more high value digital currency and will help them to develop a stable financial system.

buinchain

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I think it is inevitable that bitcoin will surely create a leveling off for the existing financial markets. But bring is good or bad, I can not predict. Encrypting the world of currencies is not an insignificant force for the world as a whole. If such a large amount of capital joins the financial markets, it is hard for anyone to tell the result clearly.

oiucoin

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I think this is impossible, up to one more transaction. Or a lot of a national currency.

beskid

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Filled with empty and unsecured dollars, the world financial system has long been ready to abandon them in favor of another means of payment. Perhaps digital crypto currency will safely replace the US dollar and allow the planet Earth to survive the consequences of the global financial crisis. The mind can overcome the greed and greed of human nature.

Ris88

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Quote from: HavisAlex on January 25, 2018, 01:20:01 PM

According to a survey conducted by the Macroeconomic Center and the Center for Economic Policy Studies with nearly 50 professors from universities across Europe, most are optimistic about the risks caused by This digital currency can bring, despite repeated warnings from veteran financial experts. Bitcoin does not show any threat to financial stability and can not "up" the mainstream markets in the next few years, a group of leading European economic experts said. What do you think bro?

Of course bitcoin will destroy all the world currencies, even the dollar feel the bitcoin, so it will not be denied again that bitcoin will dominate the world-wide currency ..

HavisAlex

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According to a survey conducted by the Macroeconomic Center and the Center for Economic Policy Studies with nearly 50 professors from universities across Europe, most are optimistic about the risks caused by This digital currency can bring, despite repeated warnings from veteran financial experts. Bitcoin does not show any threat to financial stability and can not "up" the mainstream markets in the next few years, a group of leading European economic experts said. What do you think bro?

Topic: Is Bitcoin a threat to the global financial system? (Read 205 times)