so one who have their money in savings will be the losers.
Words of Wisdom…
Topic: What is the movement for alternative money a response to? (Read 439 times)
More improvements are needed to bring a perfect crypto currency that is ready to
be used as a legal tender. A currency that can be used by anyone without any
problems and at ease.
be used as a legal tender. A currency that can be used by anyone without any
problems and at ease.
Do you have any suggestions as regards ‘improvements’?
On the question of its status as legal tender, if it is seamlessly
convertible into other currencies, commodities, basic products
and services at a published and transparent price, it is de facto LT.
I still doubt the role of Bitcoin will replace the money that we know today. Fiat money has an effect on economic growth and also on the existence of the country and if Bitcoin takes over the role of fiat money, I think the country will not exist anymore. But if Bitcoin is played as a digital asset, I think this makes more sense
It makes no sense for bitcoin to be placed as a digital asset alone, because having a digital asset was never the problem that Mr satoshi saw that made him create the bitcoin as cryptocurrency, there are so many digital asset that one can hold aside bitcoin and has been in existence for a long time.The reason why bitcoin creator saw that there is need for a cryptocurrency is because he saw that there is a challenge in the fiat system, which is why he create it to serve as a peer to peer payment system, but we are the one turning it to a digital asset product. The coin itself was never meant to also replace fiat, but was meant to serve as an alternative to the fiat which we have seen how effective it could be for mots business men and women.
Peer to peer means that the middleman in today’s traditional
transaction could disappear if cryptocurrencies revolutionize money.
Cryptocurrencies, in fact, represent a vote of no confidence in the policies
of central banks and government monopoly of money. These ‘peers’ see central
banks as consistently devaluing money through currencies that aren’t backed by anything
but government promises.
But what if the money revolution succeeds?
As in any revolution, today’s top dogs have the most to lose.
I still doubt the role of Bitcoin will replace the money that we know today. Fiat money has an effect on economic growth and also on the existence of the country and if Bitcoin takes over the role of fiat money, I think the country will not exist anymore. But if Bitcoin is played as a digital asset, I think this makes more sense
As in any revolution, today’s top dogs have the most to lose.
Crypto is definitely the future, everyone agrees that we will have a paper/fiat less future where we will be using digital payments globally so we should be happy to say that this dream can only become a reality through cryptocurrencies, i personally expect crypto mass adoption in next 5 years.
As in any revolution, today’s top dogs have the most to lose.
Bitcoin uses peer to peer transactions and several other altcoins. The government promised such a thing that China's country instead ordered the government to adopt the blockchain and made its own national digital currency. If in fact it just adopts blockchain means not why to introduce to their country that the blockchain could be used. The revolution you are referring to like this. As well as Chinese governance.
I'm sure crypto will continue to grow rapidly until later. The world has begun to be literate about blockchain technology. Maybe this makes the top dog a little scared. Although China has started its own crypto which is certainly cetralized, but this will open the eyes of ordinary people as much as possible there in the world of crypto and blockchain. Which of course this is very good for future market development. Not to mention that Turkey will digitize their lira with blockchain. All eyes are now on the crypto world.
Those "top dogs" you are talking about are also really concerned about peoples security. Now, don't deny that there are right now lot of flaws when we will be trying to use it as a tradition crypto currency instead of fiat currency. More improvements are needed to bring a perfect crypto currency that is ready to be used as a legal tender. A currency that can be used by anyone without any problems and at ease. 
You pretty much answered your own question. People are finally waking up to central banking policies and the stunts the banking cartels pull.
But that isn't why bitcoin was created. It was ostensibly the work of one man (tho I doubt that's true) and kind of came out of nowhere. And sure, a lot of people have gotten interested in it, but that doesn't mean the world *needs* it, and I'm not sure it was even created in response to anything unless it was the fear that the banking system would collapse shortly after 2008. That's the only answer I can think of to op's question. What I'm saying is that it wasn't like millions of people were carrying picket signs and demanding that we get a new, bankless form of money that isn't controlled by the gov't. It just turned out that we did.
I'm sure crypto will continue to grow rapidly until later. The world has begun to be literate about blockchain technology. Maybe this makes the top dog a little scared. Although China has started its own crypto which is certainly cetralized, but this will open the eyes of ordinary people as much as possible there in the world of crypto and blockchain. Which of course this is very good for future market development. Not to mention that Turkey will digitize their lira with blockchain. All eyes are now on the crypto world.
I'm not sure that there will be a big revolution, but the fact that crypto will occupy a very important place in people's lives, that's for sure. Already now it is rapidly being introduced into our everyday life, it will only get better in the future.
The crypto threat is the fear of the big bankers and the old proverb confirms the resistance towards the crypto revolution: You can't teach new tricks to the old dog 
The bigger this sphere goes mainstream, the more pressure gets stronger by the "big dogs". The reality we faced today is not changeable in the short term, the longer it gets weakens, the pipeline's holes will leak bigger and fearful liquid.. Actually today's top dogs don't have a lot to lose because they still basically
control the policy, check for example what is happening in China now, while
they decided that getting involved in Cryptocurrencies is in their best interest,
you don't see them encouraging their citizens to buy Bitcoin, they are developing
their own Cryptocurrency instead and they would ensure that when worldwide crypto
adoption happens, their currency would be the one mainly used by their citizens, even
if they were to decide to support an existing cryptocurrency like Bitcoin, they have the
resources to purchase almost all the bitcoin in the market right now and control the majority
supply, let's not delude ourselves, Cryptocurrencies gives us more power but it doesn't render
the present top dogs entirely powerless.
control the policy, check for example what is happening in China now, while
they decided that getting involved in Cryptocurrencies is in their best interest,
you don't see them encouraging their citizens to buy Bitcoin, they are developing
their own Cryptocurrency instead and they would ensure that when worldwide crypto
adoption happens, their currency would be the one mainly used by their citizens, even
if they were to decide to support an existing cryptocurrency like Bitcoin, they have the
resources to purchase almost all the bitcoin in the market right now and control the majority
supply, let's not delude ourselves, Cryptocurrencies gives us more power but it doesn't render
the present top dogs entirely powerless.
The revolution is here it’s just not distributed yet.
I'm not sure that there will be a big revolution, but the fact that crypto will occupy a very important place in people's lives, that's for sure. Already now it is rapidly being introduced into our everyday life, it will only get better in the future.
The same currency that us backed by government, which seems to have value, can also be devalued, if the country is bit producing as it ought. The same is applicable to the coins in crypto, which are backed by certain products. It would have been good if government can have reasons to support SOE genuine crypt I currencies.
Peer to peer will never disappear whether it's with the traditional transaction or with crypto transactions. It just keeps on upgrading and there might be something new in the future but we have no glance about that. If money revolution succeeds which I assume you mean is crypto, it's already successful IMO. Base on the market that it holds right now despite on how too young it was, transactions are vast.
The revolution is currently starting to take place even though it has not been fully used globally, but for certain groups, cryptocurrency enthusiasts, this has become one of the most profitable alternatives. Although we know that the use of cryptocurrency for instant and micropayments is less effective, especially those using BTC (because in my opinion, it is more suitable for investment and commodity trading and macro payments). One day there will definitely be new innovations that maximize their function as a means of payment for the daily life of cryptocurrency, this is also influenced by the thinking of the general public and of course the support of facilities.
In my opinion it is the future of payments, because such structure has clear advantages in front of three parties. The whole commission fees for middleman are falling away, which makes money transfers much cheaper.
Actually today's top dogs don't have a lot to lose because they still basically control the policy, check for example what is happening in China now, while they decided that getting involved in Cryptocurrencies is in their best interest, you don't see them encouraging their citizens to buy Bitcoin, they are developing their own Cryptocurrency instead and they would ensure that when worldwide crypto adoption happens, their currency would be the one mainly used by their citizens, even if they were to decide to support an existing cryptocurrency like Bitcoin, they have the resources to purchase almost all the bitcoin in the market right now and control the majority supply, let's not delude ourselves, Cryptocurrencies gives us more power but it doesn't render the present top dogs entirely powerless.
This is a paradigm shift, viewing it from an historical or contemporary
perspective is of marginal value at best. This is in the main, why all but
a handful will sleepwalk through it, again.
One of the driving forces is the reality that humanity has been up-loading
Its collective knowledge for decades. This translates into an unprecedented
Cambrian level explosion in technological breakthroughs, going on as we post.
This is a product of generations of specialists, so much so you need a specialist
to help determine which specialist you need to consult. What is at a premium now
are the generalists that can tease out the patterns and pull together, what are in
effect, off the shelf technologies, subsystems and components to deliver novel
solutions to the markets.
The challenge is back at the beginning of the cycle, visioneering not engineering.
perspective is of marginal value at best. This is in the main, why all but
a handful will sleepwalk through it, again.
One of the driving forces is the reality that humanity has been up-loading
Its collective knowledge for decades. This translates into an unprecedented
Cambrian level explosion in technological breakthroughs, going on as we post.
This is a product of generations of specialists, so much so you need a specialist
to help determine which specialist you need to consult. What is at a premium now
are the generalists that can tease out the patterns and pull together, what are in
effect, off the shelf technologies, subsystems and components to deliver novel
solutions to the markets.
The challenge is back at the beginning of the cycle, visioneering not engineering.
Jump to: