What is the movement for alternative money a response to? - page 2.

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: Wintersoldier on October 23, 2019, 03:20:18 AM

Quote from: cudora on September 30, 2019, 10:02:31 AM

Our society has finally realised that the traditional money system is controlled only by government, has insane commission fees and is very likely to be manipulated, thats why there is a growing interest in crypto currencies and hopefully mass adoption in the future.

In my opinion, as for the moment the world is seeing stable coins as a potential beta for the transition of fiats to cryptocurrency. But still, government will make a massive decision regarding this, as it seems impossible at this moment to transition the products market price, bar codes and other pricing aspects so it needs to take time at a time to be implemented. In addition taxation of all prosucts and services needs to be studied first.

I am seeing more of the possibility of physical fiat transforming into digital fiat as compared to physical fiat becoming a stable cryptocurrency. If the government wants to preserve fiat, its value, and its prevailing rules, why do they have to shift to cryptocurrency? It is not needed anymore. They better shift to digital fiat. In that case, they are still fiat and I will still prefer crypto over them.

Wintersoldier

sr. member

Activity: 966

Merit: 274

Quote from: cudora on September 30, 2019, 10:02:31 AM

Our society has finally realised that the traditional money system is controlled only by government, has insane commission fees and is very likely to be manipulated, thats why there is a growing interest in crypto currencies and hopefully mass adoption in the future.

In my opinion, as for the moment the world is seeing stable coins as a potential beta for the transition of fiats to cryptocurrency. But still, government will make a massive decision regarding this, as it seems impossible at this moment to transition the products market price, bar codes and other pricing aspects so it needs to take time at a time to be implemented. In addition taxation of all prosucts and services needs to be studied first.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: TokenHodlr on October 22, 2019, 05:54:45 PM

Every few generations or so a technology and or technological events, have
the effect of taking the power, wealth and influence concentrated in the hands
of the very few, and scattering it about for a moment. We live in such a time now.

in that case, the regulator will act as a party that will be monitored the development of the technology itself.

Quote from: TokenHodlr on October 22, 2019, 05:54:45 PM

In these times a handful of those paying attention will recognize
the opportunity, setting themselves and all they care for to be the
movers, shapers and rainmakers for next generations, yet to come…

The rest will do what they have always done, sleepwalk through it.

Those are aware of the opportunity must be very experienced. As far as i know not all of the people are having the knowledge related to the development of the technology, Only the people are knowledgeable about that can take the opportunity.

Ordinary people will never think about that because he has no idea about that. The next generation just needs to create a new improvement based on the framework that has already made before.
Who have skilled in the creation of technology is the only party who can take the opportunity.

TokenHodlr

member

Activity: 98

Merit: 15

Every few generations or so a technology and or technological events, have
the effect of taking the power, wealth and influence concentrated in the hands
of the very few, and scattering it about for a moment. We live in such a time now.

In these times a handful of those paying attention will recognize
the opportunity, setting themselves and all they care for to be the
movers, shapers and rainmakers for next generations, yet to come…

The rest will do what they have always done, sleepwalk through it.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: bvg96634 on October 05, 2019, 08:18:27 AM

If such thing occurs, old-school banks and cryptocurrency will have a fight. But if banks will alter their course, they might befriend crypto.

The people behind the banks are some of the smartest in the planet, they have been deceiving the whole world for centuries so I have no doubt that they will find a way to deceive most people again and if for some reason they can't I'm sure that they will find a way to try to take over bitcoin and many other cryptocurrencies but they will do it indirectly, and once they do that you can be sure that they will accept cryptocurrencies since at that point they will not be afraid of them.

bvg96634

full member

Activity: 482

Merit: 117

If such thing occurs, old-school banks and cryptocurrency will have a fight. But if banks will alter their course, they might befriend crypto.

babaluku_map

brand new

Activity: 0

Merit: 0

Quote from: Silberman on October 01, 2019, 01:12:58 PM

Quote from: fullhdpixel on October 01, 2019, 08:43:18 AM

Most of those middle men that the use of cryptocurrency tends to eliminate are the ones that are making money off the masses just because of one idea that is actually not necessary, but because of self-imposition by the government, they didn’t have any choice than to deal with them, and same as in the private sector also, but with the introduction of cryptocurrency and wallet, those middlemen that has been imposed on us will be eliminated, and this is why those banks are fighting hard to eliminate cryptocurrency or quickly come up with a centralized cryptocurrency that will be imposed on people with the support of the government just like the great china is already doing by trying to tokenize their own currency so as to impose it on their citizens.

This is completely true, in the past banks were necessary because it was really difficult for a person to settle a payment with a person in another country in a safe way, banks took advantage of this and they began to charge all kind of fees since they knew that they could get away with it, but now for the first time in history we have created a system that doesn't rely in a third party, banks understand very well that we do not need them anymore but they will use their influence to try to make people to keep thinking in that way.

Yes, at this moment the financial system is being seriously threatened by the cryptocurrencies, so it's very important to research and be updated about all these topics. Because of this, I'm always looking for the best way to invest my capital and there is a site called mintMe where anyone can earn while gives support to others, mintMe represents a very revolutionizing crowdfunding idea that I haven't seen before.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: fullhdpixel on October 01, 2019, 08:43:18 AM

Most of those middle men that the use of cryptocurrency tends to eliminate are the ones that are making money off the masses just because of one idea that is actually not necessary, but because of self-imposition by the government, they didn’t have any choice than to deal with them, and same as in the private sector also, but with the introduction of cryptocurrency and wallet, those middlemen that has been imposed on us will be eliminated, and this is why those banks are fighting hard to eliminate cryptocurrency or quickly come up with a centralized cryptocurrency that will be imposed on people with the support of the government just like the great china is already doing by trying to tokenize their own currency so as to impose it on their citizens.

This is completely true, in the past banks were necessary because it was really difficult for a person to settle a payment with a person in another country in a safe way, banks took advantage of this and they began to charge all kind of fees since they knew that they could get away with it, but now for the first time in history we have created a system that doesn't rely in a third party, banks understand very well that we do not need them anymore but they will use their influence to try to make people to keep thinking in that way.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Most of those middle men that the use of cryptocurrency tends to eliminate are the ones that are making money off the masses just because of one idea that is actually not necessary, but because of self-imposition by the government, they didn’t have any choice than to deal with them, and same as in the private sector also, but with the introduction of cryptocurrency and wallet, those middlemen that has been imposed on us will be eliminated, and this is why those banks are fighting hard to eliminate cryptocurrency or quickly come up with a centralized cryptocurrency that will be imposed on people with the support of the government just like the great china is already doing by trying to tokenize their own currency so as to impose it on their citizens.

badykvik

sr. member

Activity: 895

Merit: 250

The battle is a tough one and only time can determine the fate of alternative money.
The history of money itself begin with precious iron bar, gold and the likes that have relative value, worldwide acceptance and belongs to those that can found it (Mining), this form of money does not have any government control since it belongs to whoever found it.
Modern paper currency change it all with central banks, government policies and politics while crypto means freedom.
Just to mention here, some banks are considering the blockchain compare to the traditional method they are currently using.

Slash61

member

Activity: 633

Merit: 14

Quote from: cudora on September 30, 2019, 10:02:31 AM

Our society has finally realised that the traditional money system is controlled only by government, has insane commission fees and is very likely to be manipulated, thats why there is a growing interest in crypto currencies and hopefully mass adoption in the future.

it's not that easy to change people's thinking about fiat money, which has been used by the world for several centuries. Everyone uses and believes the money that is now circulating and used them for trade transactions. while crypto is still opposed by many people, and of course there is a fear of starting and trying new things that have a risk to the money they have.

cudora

copper member

Activity: 336

Merit: 3

Cryptoknowmics - World's First Decentralized Media

Our society has finally realised that the traditional money system is controlled only by government, has insane commission fees and is very likely to be manipulated, thats why there is a growing interest in crypto currencies and hopefully mass adoption in the future.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: knuckey on September 28, 2019, 02:56:42 AM

once when all financial transactions had to be carried out and controlled by banks, our privacy was also known by them and the government. now crypto has changed and revolutionized it all and all the conveniences have been provided by crypto, so crypto has successfully revolutionized money.

Not yet, we are still far away to see what happens. We still use the old way which is available in all country. Maybe we need to give some time for the crypto to be accepted in all country so the revolution will succeed. If the government can approve cryptocurrency, it means the process of adoption will reach the goals, that will help cryptocurrency can be used in their payment system. At least, the government will try to integrate the system with the blockchain technology to see the benefit.

leavolnhals

full member

Activity: 770

Merit: 101

In fact, the revolution of money has always been a topic of great interest in modern times today. when everything is handled by technology and saves a lot of time.
The peer-to-peer payment is great, but customers really need protection and security for their money.
such as credit institutions, they can provide money for us to use at very low monthly interest rates and we still don't have to pay fees when paying directly.
Peer to Peer is only really useful for large businesses when working together, but for individuals, credit cards are the best and safe.
At the moment, I still feel that using credit cards is much better and do not want to use cryptocurrencies to pay. because its value is always volatile and I don't want to hold such assets in my wallet.

knuckey

sr. member

Activity: 1260

Merit: 251

once when all financial transactions had to be carried out and controlled by banks, our privacy was also known by them and the government. now crypto has changed and revolutionized it all and all the conveniences have been provided by crypto, so crypto has successfully revolutionized money.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: TokenHodlr on September 26, 2019, 10:30:27 AM

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.

Yes the government and banks are the biggest players to lose if cryptocurrency revolutionizes because they will then have nothing to monetize from.
This is exactly why most of the countries oppose cryptocurrency to be a legal currency. The war has already begun.

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: TokenHodlr on September 26, 2019, 10:30:27 AM

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.

And do you seriously think it will happen? Before any of these money revolutions that you have in mind achieves something significant, these top dogs you are talking about have already changed colors and joined the fray, or have started negotiations, or have already bribed their way to the heads. Or perhaps even before the revolution gets serious, the top dogs have already planned their best moves.

Think of crypto. And think of the traditional banks of these top dogs. And now think of how they are already opening up for Bitcoin. Think of how they are slowly adopting this and that, brilliantly swaying with the wind.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

As you know, the top dogs have the most to lose, so they want the current situation to be the situation in the future. They are staying the same because they have the most power in it. As for the alternative money, which would be cryptocurrencies, would have a significant impact on them, unless they have it too.

What's important is that its peer-to-peer transactions but the next problem would be the trust issues.

People who are up to no good are always lurking to find the next victim. It's the downside of that, in my opinion. Be vigilant.

pieppiep

hero member

Activity: 1596

Merit: 502

If the money revolution succeeds, we will see a big transformation in the payment system. It will change the form from the traditional way into a digital way, and people will have an easier method to make a transaction. They can make a transaction across the border without any problem, and they don't have a bond as what we see now. It will look like a credit and debit card, but it's more simple.

We don't have fills any document to get the card. We only need a wallet which has a function to be our place to saving, paying, and even for the investment. It will bring a new modern life, and when we want to buy something, we only need to scan the barcode and then make the payment.

TokenHodlr

member

Activity: 98

Merit: 15

Quote from: Judge-Dredd on September 27, 2019, 10:18:15 AM

You pretty much answered your own question. People are finally waking up to central banking policies and the stunts the banking cartels pull. It's still going to take some time for the masses to open their eyes. In the end we dont know how things will come out on the other side.

Just as the fed is in uncharted territory riding on the edge of the seat, as too are cryptocurrencies. The future is yet unknown but exciting.

No society in history has previously entertained the idea of negative interest rates.

The destruction of capital, economic and social, should be contrary to every human impulse.

Civilization requires productive surplus and accumulation; de-civilization happens when
too many people borrow, spend, and consume more than they produce.

However, what if the crypto revolution succeeds?

What would it look, sound, smell, taste, feel …like

As in any revolution, today’s top dogs have the most to lose.

Topic: What is the movement for alternative money a response to? - page 2. (Read 457 times)