Topic: is this bad or good news? - page 3. (Read 4134 times)
Yes, IBM adopt Bitcoin's technology because of they believe the strategy of "if you can't beat them, then at least nick their tech and build your own"
This is neither a good or bad news. It's an irrelevant news. IBM does always try out new things, however just a minimum of their ideas will ever see the public.
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The grapevine has it that IBM and the Fed are “discussing” the matter of creating a national currency based on Bitcoin. The news will be framed, by the mainstream media, in all the piety and reverence it shows when reporting about central banking and multinational corporations. Yet, the kernel of the story will be the “fringey” Bitcoin – now suddenly acknowledged as a concept worth emulating – by a tech giant and the only superpower’s central bank.
Seems like bullshit to me. Based on nothing but a 'grapevine' rumour. I'm sure the government isn't going to be involved in this not is it interested in issuing a national digital currency this way. I think IBM had discussed creating something based on the blockchain tech but as far as it being a currency who knows, but I seriously doubt it would be a threat to bitcoin even if it did happen.
HOW WILL THIS NOT BE A THREAT TO BITCOIN, ITS THE FED/CENTRAL BANKS THEY DISTRIBUTE ALL THE MONEY!!!!
ITS BASED ON A BULLSHIT RUMOUR THEY HEARD ON THE GRAPEVINE AND ITS NOT GOING TO HAPPEN AT ALL AND YOU CAN JUST USE REFUSE TO USE IT AND USE BITCOIN ANYWAY. Really no need for the caps.
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The grapevine has it that IBM and the Fed are “discussing” the matter of creating a national currency based on Bitcoin. The news will be framed, by the mainstream media, in all the piety and reverence it shows when reporting about central banking and multinational corporations. Yet, the kernel of the story will be the “fringey” Bitcoin – now suddenly acknowledged as a concept worth emulating – by a tech giant and the only superpower’s central bank.
Seems like bullshit to me. Based on nothing but a 'grapevine' rumour. I'm sure the government isn't going to be involved in this not is it interested in issuing a national digital currency this way. I think IBM had discussed creating something based on the blockchain tech but as far as it being a currency who knows, but I seriously doubt it would be a threat to bitcoin even if it did happen.
HOW WILL THIS NOT BE A THREAT TO BITCOIN, ITS THE FED/CENTRAL BANKS THEY DISTRIBUTE ALL THE MONEY!!!!
If the FED do create a crypto-currency then it will almost certainly...
Basically, it would be a less efficient, much less widely-used, and far less private version of the US dollar, a currency that Bitcoin has been competing with favourably for years.
- be managed with reference to a neo-Keynesian monetary policy.
- have anti-money laundering and know-your-customer regulations built right into the protocol.
- be intimately linked to the tax system to help catch "tax cheats".
Basically, it would be a less efficient, much less widely-used, and far less private version of the US dollar, a currency that Bitcoin has been competing with favourably for years.
One more time for those who aren't awake. The FED with the Treasury has the ability to mint new money right? So IF they decide to create and use a kind of bitcoin dollar with the ability to increse and decrease the supply as they wish then it doesn't need to 'become popular' it will simply become how dollars will be pushed into the banking system probably alongside 'traditional' avenues which are still digital ultimately. So easily we could have our banks offering a digital dollar account on request, a nice simple wallet and also insurance so no one need ever lose coins. People will be putting these coins on their phones and even RFID chips in somone hand (sounds crazy but its all ready being experimented with) I'm not saying Bitcoin will die im saying the masses could easily bypass it and not know the differnce, I mean most people don't think Gold is money while they do printed pieces of paper with no backing.
Why is no one getting this fact?
Quote
The grapevine has it that IBM and the Fed are “discussing” the matter of creating a national currency based on Bitcoin. The news will be framed, by the mainstream media, in all the piety and reverence it shows when reporting about central banking and multinational corporations. Yet, the kernel of the story will be the “fringey” Bitcoin – now suddenly acknowledged as a concept worth emulating – by a tech giant and the only superpower’s central bank.
Seems like bullshit to me. Based on nothing but a 'grapevine' rumour. I'm sure the government isn't going to be involved in this not is it interested in issuing a national digital currency this way. I think IBM had discussed creating something based on the blockchain tech but as far as it being a currency who knows, but I seriously doubt it would be a threat to bitcoin even if it did happen.
it is going to draw more attention to bitcoin, and that is going to be good as always. but about replacing bitcoin, i doubt it.
To much work has been put into bitcoin to be replaced by a new government issued crypto most people here are and kind of against the govt and its effort to enslave us financially, so the only users i believe it will possibly get are the ones who are only here for a quick buck and do not care for the ideology's most share. Agree that the more they promote against bitcoin the more people it will bring to the doors
it is going to draw more attention to bitcoin, and that is going to be good as always. but about replacing bitcoin, i doubt it.
Any attention on bitcoin is good news in my opinion especially this year when it seems to have fallen pout of the media spotlight, but I don't think this version will replace bitcoin. It'll just be their version of another alt. I would rather them just use bitcoin though.
Finally BITCOIN can Win the Race.
I think those familiar in crypto will know what's good and what's bad based on how to differentiate between a true decentralized crypto and another completely centralized. Anyway, what I read about is that the crypto idea was only on IBM's future plan and it doesn't relate to any government involvement thus far.
If it's better than bitcoin then it should replace it as its a free market. Will it replace it? I very much doubt it but they are free to try. I look forward to what they try come up with but I think I'll very likely stick with my bitcoin..
It's like trying to re-invent the wheel.... it's already working and accepted... they just adding some new pattern to make it look good.... Let's call it a Dunlop.
These companies do not want to build their business on someone else's invention... they want the claim to fame and brag rights for something someone else invented.
The best of all.... they want to base it on fiat.
{Something that has proven that it's already failing}
These companies do not want to build their business on someone else's invention... they want the claim to fame and brag rights for something someone else invented.
The best of all.... they want to base it on fiat.
{Something that has proven that it's already failing} 
If the FED do create a crypto-currency then it will almost certainly...
Basically, it would be a less efficient, much less widely-used, and far less private version of the US dollar, a currency that Bitcoin has been competing with favourably for years.
- be managed with reference to a neo-Keynesian monetary policy.
- have anti-money laundering and know-your-customer regulations built right into the protocol.
- be intimately linked to the tax system to help catch "tax cheats".
Basically, it would be a less efficient, much less widely-used, and far less private version of the US dollar, a currency that Bitcoin has been competing with favourably for years.
it is going to draw more attention to bitcoin, and that is going to be good as always. but about replacing bitcoin, i doubt it.
This kind of attention is good news. They cannot kill bitcoin or replace it. They can produce similar ideas but what could they do that will make ALL btc users throw away the wallet and move across? Bitcoin has extreme potential behind it. Like I saw someone said in a video I watched, if it can be coded then it can be done.
If they manage their currency as well as they do healthcare and wars it should last all of 6 months. On the bright side if they do invest in blockchain infrastructure etc. bit coin could potentially piggy back on that.
You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.
The community. Hahahahaha sorry that's a good one. So you think .000001 % or less of the world population will drive a new global currency.
Look if the FED implement a digital currency they can overnight make it tender alongside the dollar, kind of a digital version of it. To almost the entire world it will look smell and act like Bitcoin...so why wouldn't they just use it? Bitcoin will be made to seem like a dodgy old tech that was only used for drugs and isn't stable in price.
Why can't people see how much power the FED has if they want to pull this off? they print trillions of dollars, of they decided to make a trillion digital dollars alongside them they could...and your mothers will be using them within a week whether they know it or not. Don't forget the FED controls the banks. They can just give it out to them and then the banks provide digital currency accounts for customers, real easy spoon feed set ups they can download in a second onto their phone and computers. People will instatly feel the freedom that comes with using a digital currency but they won't care that there won't be a limited supply like Bitcoin.
People need to wake the fuck up on this forum.
I think, it is a good because this could be a news which rise overal awarness of cryptocurrency and bitcoin itself.
I am not sure if IBM is able to do what it is mentioned here, but I think it will be very dificult for them to make it alive. With IBM there is usualy not direct target, as they are looking for new business they are open for every new ideas.
I am not sure if IBM is able to do what it is mentioned here, but I think it will be very dificult for them to make it alive. With IBM there is usualy not direct target, as they are looking for new business they are open for every new ideas.
https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/
IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?
IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?
No chance it will really replace bitcoin, any attention is good news.
btw to main author, don't use caps its very hard to read
I think it's a good thing. It gives credibility to the technology and the idea. Even if the Fed creates a copycat coin, we know that most of those haven't been successful so far (not as much as BTC) and it would likely only apply as a US alternative to the dollar, still allowing BTC to serve as a world crypto currency.
Competition isn't really bitcoin's problem, the world ignoring it would be the worst.
Competition isn't really bitcoin's problem, the world ignoring it would be the worst.
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