Topic: There will be a global cryptocurrency, but not bitcoin says EX Goldman Sachs - page 2. (Read 931 times)
October 23, 2018, 01:01:42 PM
No, I do not believe that in the future a single cryptocurrency will dominate the world trade and finance because that would imply a type of centralization that is not convenient for anyone. However, I believe that in the long term only very few cryptocurrencies will be needed to cover the world's economic needs, just as currently only very few fiat currencies are needed to satisfy world trade (dollar, euro, yen, etc.). In addition, we must take into account that the tokenization of the economy is already underway, so countless tokens will be emerging in the coming years.
October 10, 2018, 04:15:52 PM
The theory of global cryptocurrency is hardly feasible. I believe that the cryptocurrency will be more used by individuals than by government agencies or even business structures. The reason for this is the high volatility of the decentralized cryptocurrency. And in a world where there will be a large number of varieties of cryptocurrency, only one type of cryptocurrency is unlikely to find its advantage. It will be used simultaneously with a dozen different cryptocurrencies with a high level of popularity.
In addition, we do not know which way the further development of cryptocurrency will go. It is also possible to merge with conventional currency, securities or even non-cash currency.
In addition, we do not know which way the further development of cryptocurrency will go. It is also possible to merge with conventional currency, securities or even non-cash currency.
October 08, 2018, 02:06:15 AM
He might be right because no one knows whats going to happen in the future ,bitcoin may never be the king forever as newer use of block chain technology is been release every years but still I wonder what the next crypto king will introduce
October 08, 2018, 01:45:31 AM
We all know that this idiot is completely wrong and that bitcoin will be the global currency. However, on the off chance that he is correct i bet it's price will be dependant on bitcoin so it's the same either way
October 08, 2018, 01:32:44 AM
Yes, their idea of a global Crypto currency is a currency that are centralized in every aspect of the coin from development to the hosting of the nodes to the decision making. They will also strip ALL anonymity from each address being used, because anonymity takes away the control and they need to be in control.
Yes, so we might call it a fiat based cryptocurrency. LOL. There's nothing wrong with having a global crypto. The advantage of though of having it is in terms of international trade, specially cross-border payments and of course its adaptability. And maybe we can see businesses grow overtime and we as consumers will have more options to pay. But I'm sure that crypto's like Bitcoin will still thrive against this global cryptocurrency because majority will prefer decentralizes coins.
October 08, 2018, 01:17:34 AM
Yes, their idea of a global Crypto currency is a currency that are centralized in every aspect of the coin from development to the hosting of the nodes to the decision making. They will also strip ALL anonymity from each address being used, because anonymity takes away the control and they need to be in control.
The R3 Group with the help of Mike Hearn are already working on the solution for their centrally controlled global crypto currency.
The R3 Group with the help of Mike Hearn are already working on the solution for their centrally controlled global crypto currency.
October 02, 2018, 05:07:55 PM
Hello,
It is easy to criticise BTC and it surely not perfect even his huges advantages. Perhaps another crypto will take the lead over BTC but I think it will be in many years if it will happen because we are still at the beginning of te markets, quite confused one with projects for everything, but things will evolute and a clearer picture will rise. then we will see if the first is the best or if another one manage to overpassed it.
It is easy to criticise BTC and it surely not perfect even his huges advantages. Perhaps another crypto will take the lead over BTC but I think it will be in many years if it will happen because we are still at the beginning of te markets, quite confused one with projects for everything, but things will evolute and a clearer picture will rise. then we will see if the first is the best or if another one manage to overpassed it.
October 02, 2018, 04:59:31 PM
When will you learn not to follow the banksters. Their mentality is crooked from the years of dealing with printed and devalued fiat money, fictional debt and futures.
All these things have no actual value and exist only because the bankers and governments need them to keep screwing with people's minds.
Most bankers will say that bitcoin is a bubble and a scam but if they block your account with your hard earned money it's not a scam, it's policy.
All these things have no actual value and exist only because the bankers and governments need them to keep screwing with people's minds.
Most bankers will say that bitcoin is a bubble and a scam but if they block your account with your hard earned money it's not a scam, it's policy.
August 22, 2018, 10:08:36 AM
I don't know, I will not think in the future of new digital currencies other than bitcoin.
I am part of a person who is late knowing the crypto world, I don't want to forget bitcoin.
I just want to make a good contribution to bitcoin, so that the value of bitcoin can survive and become a legal payment instrument.
I will not comment long, but I feel that everything I do today can bring the value of bitcoin to the global market.
I am part of a person who is late knowing the crypto world, I don't want to forget bitcoin.
I just want to make a good contribution to bitcoin, so that the value of bitcoin can survive and become a legal payment instrument.
I will not comment long, but I feel that everything I do today can bring the value of bitcoin to the global market.
August 22, 2018, 09:21:37 AM
Well everyone has their right to express what thy think is true but this is just a showing of respect,i am not one of those believers,because for me only bitcoin fits everything in regards future currency and technology
That former president literally said that he is now a believer of bitcoin so its given that he has a bias outview about matters here
That former president literally said that he is now a believer of bitcoin so its given that he has a bias outview about matters here
August 22, 2018, 09:14:15 AM
It's his opinion and it may or may not be true. We can only wait to see what actually happens in the future. Even if BTC won't be accepted as a global cryptocurrency then according to him some cryptocurrency will surely be accepted globally. This is a good news because any cryptocurrency if accepted globally will definitely boost the sales of BTC in the market as it will be traded with the BTC pair too. So in an indirect BTC will be benefited whatever the case is. 
August 22, 2018, 09:01:17 AM
Maybe, who knows? We need a much more simplified method wherein everybody can understand it or somehow really use it without further complications. Bitcoin is widely known and has become popular since it began all this stuff and technology. As of now, we see blockchain technology improving and maturing while targeting different industries it can reach for innovation and efficiency. Soon enough, this tech will be at much more higher position which will receive the well deserved respect from every community. Further, they should look at the security side of the users while adopting this tech for a faster adoption.
August 22, 2018, 08:52:32 AM
Bitcoin is already a value storage, so it may not be the payment means, but it will retain the role as a storage of value, which is equally important to playing with crypto.
August 22, 2018, 08:49:11 AM
Sounds like a person that knows zero about crypto currency
August 21, 2018, 06:44:24 PM
Of course, no one agrees that the entire economy of the world should be concentrated on a single cryptocurrency, as this would imply a paradoxical centralization that would converge many interests around the bitcoin that could jeopardize its viability, in addition to the fact that the btc does not seem to have the enough capacity to meet the great demands of the global economy.
May 16, 2018, 12:30:28 AM
In His speech He stated that he does not like bitcoin that much so he will say anything to discredit bitcoin. Even in the future we have a more popular and globally accepted coin than bitcoin I will still acknowledge bitcoin and satoshi nakamoto as the greatest. There is still room for improvement for anyone.
May 16, 2018, 12:26:18 AM
A lot of the replies focus on him being a former Goldman Sachs employee, but I think what is important is that he was a advisor to Donald Trump. So he might paved the way for a GovCoin and that is why he is saying that Bitcoin will not be the global crypto currency.
I think in his advisory capacity to the president, he might have focussed on introducing a new coin to supplement the US Dollar.
I think in his advisory capacity to the president, he might have focussed on introducing a new coin to supplement the US Dollar.
May 16, 2018, 12:18:49 AM
Bitcoin is the first of its kind and that it has been field tested for almost a decade, proving its usability and performance capabilities in the process, is just inappropriate.
Of course, it has run into a lot of issues along the way. Bitcoin mining truly is very energy-intensive, it has problems with handling high volumes of transactions and it has become slower as such. It’s also true that there are currently existing alternatives which perform better in certain aspects.
But I still don't support EX Goldman Sachs's views.
Of course, it has run into a lot of issues along the way. Bitcoin mining truly is very energy-intensive, it has problems with handling high volumes of transactions and it has become slower as such. It’s also true that there are currently existing alternatives which perform better in certain aspects.
But I still don't support EX Goldman Sachs's views.
May 16, 2018, 12:12:54 AM
this is the necessity of the times. There should be a decentralized digital currency. But Goldman says there will be cryptocurrency but it will not be a bitcoin. Bitcoin is the oldest crypto and I think it should be a global currency but Goldman says otherwise in the article.
May 15, 2018, 10:35:27 PM
Finally they admit that some cryptocurrency will be traded globally in the future and it is a contrast on what they said earlier about the entire market, if they can come out and claim that bitcoin wont be the globally traded currency in the future, which decentralized coins have that ability, they can just close their eyes and say anything but the world will move on.
The good news, cryptocurrency is being accepted. It's just that "they" want to make a competitor for bitcoin they can control, maybe to get a lot of benefits. I do not know, a decent decentralized system would definitely be the top choice. We need change. Jump to: