Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
Banks do not use a cryptocurrency that is open but tied to fiat. What banks do in their swamp blockchain will only strengthen them. But, in fact, decentralization will come if a closed society can use its unit of value for calculation 
Topic: Will Digital currency of Banks can replace the Bitcoin? What is your opinion? (Read 693 times)
January 31, 2020, 04:08:47 PM
January 31, 2020, 12:02:58 PM
I will tell you so. General owner of Sberbank. The most important bank in Russia. So his head said that with the advent of the blockchain, he does not understand why banks are needed. What do you think if such a person speaks so categorically about banks. Then we should think about it. I began to transfer my money to cryptocurrency a long time ago. Because I trust her more than banks. I know that I'm not the only one.
January 31, 2020, 11:23:02 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
I still do not know which banks have already launched their cryptocurrencies, however, if we talk about which cryptocurrency has more chances to be accepted in the world, I still refer to the news about the crypto yuan. Of course, all this is still at the level of rumors and news, but you need to understand that countries will not want to officially recognize any cryptocurrency that is already on the market. I see that most likely every country will be interested in issuing its own cryptocurrency.
January 31, 2020, 10:58:30 AM
The simple short answer is no.
No digital coin, stable coin, libra, proof of stake, ico, china coin, some magic new coin can do anything about bitcoin for it to happen it would have to be created before bitcoin.
Here study https://www.usinflationcalculator.com/
No digital coin, stable coin, libra, proof of stake, ico, china coin, some magic new coin can do anything about bitcoin for it to happen it would have to be created before bitcoin.
Here study https://www.usinflationcalculator.com/
Yeah you're probably right.
Bitcoin will be some sort of investment option for a long time from now.
But I bet there will be more effective and useful payment tools.
January 31, 2020, 10:50:31 AM
The simple short answer is no.
No digital coin, stable coin, libra, proof of stake, ico, china coin, some magic new coin can do anything about bitcoin for it to happen it would have to be created before bitcoin.
Here study https://www.usinflationcalculator.com/
No digital coin, stable coin, libra, proof of stake, ico, china coin, some magic new coin can do anything about bitcoin for it to happen it would have to be created before bitcoin.
Here study https://www.usinflationcalculator.com/
January 31, 2020, 10:46:52 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
First of all you may need to move this thread to bitcoin discussion board, if you just limited it to discuss about bitcoin only. I'm sure the digital currency has been popping up in a few years ago until now, but have you see the development of bitcoin? Especially the newcomer to bitcoin or altcoin as a whole, I think there are a lot of too. We can see the price movement of bitcoin for an example, its price has been able to increase more then its all time low price i.e $3500 last year.
It is mean, although the digital currency which was made by government has been using daily but the people still have many interest to own and using bitcoin. More than that, bitcoin can be used as a tool to send money fastly espcially for sending money in different country. You can compare with fiat money maybe it need a long time for reciever to hold your money on their bank account.
January 31, 2020, 10:32:40 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
I think not. The restriction of Bank money would make it limited in use. Not like Bitcoin where it could be used by many because of its decentralized nature. There may be high demands for digital currencies of banks but it will not overcome the demands bitcoin is having right now. Maybe in the future, but that is still far away.
January 28, 2020, 01:44:40 AM
Investors can't make profits from these so called central banks coins because they are stable coins, almost 99% of investors are here and investing in coins to make gains right? If you think this will be the case with central bank coins you are so damn wrong
January 28, 2020, 01:39:13 AM
I think nothing can to replace BTC! because BTC - decentralisation coin and people believe in it, it like father to all cryptocurrency, BTC will be always in TOP!
Yes, that can no longer be denied because the first coin found is bitcoin, so it is very natural that bitcoin seems to be the father of other altcoins in the crypto world, because bitcoin will always be at the top level in the rankings. January 28, 2020, 01:16:46 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
I've asked myself this questions few times until I was able to find the answers myself, the fact is central banks coin are going to back each countries fiat money which means it's going to be stable coin, we already have USDT and other stablecoins, if they are good enough they should have beat bitcoin, do not forget that people wants to earn and bitcoin and unstable coins can bring profits not stable coins January 28, 2020, 12:46:50 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
What did you understand Digital currency means? Using purpose was different of Bitcoin, you can't compare to another. If bank has another currency, will it support all bank. How you think it is possible to replace Bitcoin.I see nothing that must be worried by us. it looks like some people didn't try to understand it deeply.
January 26, 2020, 11:49:38 PM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
First and foremost, you need to understand that digital currency is just the digital presentation of physical fiat currency. And secondly, It will be very helpful if you provide the names of the banks that have developed their own digital currencies to help others understand better and the source to this info. Finally, Bitcoin is not replaceable so far as blockchain technology exist and used. There is not blockchain technology without bitcoin.
January 26, 2020, 09:43:13 PM
In the first place, what I've experienced is that, digital currencies made by banks came even before the invention of bitcoin. There is already automatic payments but just take enormous amount of time to confirm. But with today, whenever banks transitioned their currency to digital, I really do think that cryptocurrency enthusiasts are thinking of the ways to easily made these digital currency linked to crypto, meaning to say that, we could easily buy bitcoin using digital payments which is still pro cryptocurrency at all.
January 26, 2020, 06:24:03 PM
At present, no bank cryptocurrency has been created, so we still cannot confirm anything in this market. But most likely it will never replace bitcoin because bitcoin is decentralized. Besides Bitcoin is the first cryptocurrency of this market and certainly no one can overcome it
Any coin controlled by banks is not currently created but we can think from now that what will it have effect on the whole crypto market. According to my observation if these coins will be created then the government will announce he complete system of that coin and with that it will spread the awareness of digital currency in every part of the country. In this way the government will play a vital role in promoting the crypto currencies in every part of the country. this scenario will be a long way to go to happen. and right now, bitcoin can't be replace by any centralized cryptocurrency created by the government. bitcoin can be owned by anyone without the intervention of the government whereas, crypto owned by the government will need a lot more documentation before someone owns that coin. so bitcoin and this supposedly government crypto coin have different usage and benefits. it depends on the user's priorities and what suits him best for the given situation.
January 26, 2020, 06:11:07 PM
I think nothing can to replace BTC! because BTC - decentralisation coin and people believe in it, it like father to all cryptocurrency, BTC will be always in TOP!
January 26, 2020, 02:28:19 PM
No, blockchain technology built by central banks is centralized and there is still full control. You might know why someone prefers to be free, secure, and privacy maintained. bitcoin and alt are currently resistant to censorship, safe and decentralized. that is, we can call it an asset, day after day, fluctuating prices continue to surge. one of the reasons is that for the past 10 years the community has been very large, and it is not possible to just let it die.
when central banks make crypto they definitely aim to compete in this industry, but I think the people who were in the crypto industry earlier will continue to survive. maybe our choice is to continue using decentralized crypto, rather than having to use coins from banks, basically they are looking for investors to circulate money.Those coins backed by the state and central banks are going to be forced to the people to used the digital currency. Government will just announce something like the fiat paper we normally use ill have to be returned to the banks for the bank will replace them with digital currency. If you won't submit the paper bills you have it will have no value in the future. You as a citizen on this country will just have to download the app created by this central bank and then you can use the app to make transactions.
All these are just an example of what the government might do. Digital currencies will not replace BTC but it will allow government to track what we are doing with out digital currencies. If we buy BTC thru it, they may know.
January 26, 2020, 01:42:30 PM
At present, no bank cryptocurrency has been created, so we still cannot confirm anything in this market. But most likely it will never replace bitcoin because bitcoin is decentralized. Besides Bitcoin is the first cryptocurrency of this market and certainly no one can overcome it
Any coin controlled by banks is not currently created but we can think from now that what will it have effect on the whole crypto market. According to my observation if these coins will be created then the government will announce he complete system of that coin and with that it will spread the awareness of digital currency in every part of the country. In this way the government will play a vital role in promoting the crypto currencies in every part of the country. January 26, 2020, 01:31:23 PM
No, blockchain technology built by central banks is centralized and there is still full control. You might know why someone prefers to be free, secure, and privacy maintained. bitcoin and alt are currently resistant to censorship, safe and decentralized. that is, we can call it an asset, day after day, fluctuating prices continue to surge. one of the reasons is that for the past 10 years the community has been very large, and it is not possible to just let it die.
when central banks make crypto they definitely aim to compete in this industry, but I think the people who were in the crypto industry earlier will continue to survive. maybe our choice is to continue using decentralized crypto, rather than having to use coins from banks, basically they are looking for investors to circulate money. 
January 26, 2020, 01:23:41 PM
I think not, bitcoin is still bitcoin and cannot be replaced with other currencies, including digital currencies owned by bank companies. in many cases centralized coins are only used for their transactions. while bitcoin has many functions, is decentralized and is a profitable digital currency for investment.
January 26, 2020, 01:23:27 PM
No, and what's more is that there's surely little to no effect in crypto especially specifying Bitcoin to it.
There were already many candidates that wanted to replace Bitcoin even inside of the collection it belongs, but Bitcoin will always stand there as it is. It is gonna continue to stick for an indefinite time.
There were already many candidates that wanted to replace Bitcoin even inside of the collection it belongs, but Bitcoin will always stand there as it is. It is gonna continue to stick for an indefinite time.
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