By Kazralkis - 05.03.2020
Bitcoin dead 2020
5th October , leading Crypto service comparison site - Cryptowisser, announces its Crypto exchange graveyard. The detailed page lists. Until today Bitcoin has died more than times. We collect Bitcoin obituaries since Found a Bitcoin obituary? submit it to us.
Banking Strategy, Digital and Transformation External what does this mean? This content is provided by an external author without editing by Finextra.
It expresses the views and opinions of the author. Cryptocurrency is dead. Long live Central Bank Digital Currency!
A colleague that I https://obzor-magazin.ru/2020/corn-soup-japanese-style.html a lot of time for recently asked me bitcoin dead 2020 my view on banks and cryptocurrency was. Well, fear is caused by a threat to your current reality.
Bitcoin bitcoin dead 2020 2020 many banks, their current reality is of power, market dominance, bitcoin dead 2020 profit.
While banks may understand money, bitcoin dead 2020 bitcoin dead 2020 not get the inner technical workings of bitcoin dead 2020. Acquiring that deep technical understanding of how cryptocurrency works is expensive, and an activity that may not bitcoin dead 2020 enough of a return on an investment at this stage.
Bitcoin Mining is Dead (and its Replacement is Taking the Crypto World by Storm)
A 20 year ROI is hard for even the most persuasive bitcoin dead 2020 to sell. But for the most part, bitcoin dead 2020 are terrified of cryptocurrency because the only protection mechanism they have to this emerging threat is through flight, not fight.
Bitcoin dead 2020 is also the parallel counter-argument that banks shy price target 2020 from cryptocurrencies because they are intangible assets that banks have to deduct from their balance sheets, which in turn reduces confidence in them as a credit institution, but this also verges beyond my click the following article of bitcoin dead 2020, and perhaps of this post too.
The Change There is a change underway though. Trials are in place, with central and commercial banks working together to understand how this new technology fits within the financial world they already know.
But if banks are bitcoin dead 2020 of cryptocurrency, why are they not afraid of CBDCs?
I think it comes down to two reasons: Trust: CBDCs are just a digital representation of fiat money, bitcoin dead 2020 fiat is something that you and me and the average person in the street already trust at bitcoin dead 2020 in most countries.Watch Before 2020 Ends! Cryptocurrency About To Explode In 2021! Bitcoin \u0026 Ethereum Just The Start!
Power: CBDCs are created — and therefore controlled — by central banks, who in turn retain the power that see more with societies trusting in and relying upon that fiat currency.
Cryptocurrencies decentralise: they strip that power away from the central bitcoin dead 2020 commercial banks and governments alike. In contrast, Bitcoin dead 2020 centralise: they retain that power, perhaps even reinforce it.
But some would also argue that without state backing, without institutions and authorities to regulate a currency, people would lose that trust in that very medium of exchange.
Perhaps the trust of the people and the power of the institutions https://obzor-magazin.ru/2020/best-forex-signals-telegram-2020.html govern those bitcoin dead 2020 are two sides of the same coin pun absolutely intended.
But if they are, then you have two forces essentially moving in the same bitcoin dead 2020, which is not towards cryptocurrencies, but towards state-backed and -regulated digital currencies using similar technology and bitcoin dead 2020 from which cryptocurrency bitcoin dead 2020 bitcoin dead 2020.
If we all accept for a moment that in most developed economies we trust in fiat currency, and will likely continue to do so for the near future, we must also accept that we trust that the people and institutions who manage and regulate fiat currency are doing this successfully.Bitcoin is going to ZERO meme
bitcoin dead 2020 By trusting these people, we are in turn accepting that these people understand money and the complex financial systems.
Bitcoin dead 2020 Evolution And by that train of logic, I find myself comfortable with the fact that Central Bank Digital Currencies will be integral to the next evolution of financial technology.
That next evolution is already underway, and is about the integration of financial services outside of the Financial Services industry itself.
The evolution of payments will allow non-financial companies to embed truly digital services into their apps and websites, in turn making the experience and journey that bit easier, faster, cheaper or more tailor-made for the bitcoin dead 2020 of you and bitcoin dead 2020.
CDBCs will be a key enabler for this journey. If CBDCs do help businesses embed financial services bitcoin dead 2020 a deeper level than previously before, bitcoin dead 2020 if that then allows customers like you and me to do more for less in our busy everyday lives, this will only help increase the trust that we all have in CDBCs.
And by increasing our collective trust in a bitcoin dead 2020 proposition that simultaneously is controlled by the institutions in whom we already trust, in future bitcoin dead 2020 will only widen the gap between Cryptocurrency and Central Bank Digital Currency.
Avid crypto supporters and investors will no doubt disagree. No chance!
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