Will Cryptocurrencies Make Governments and Central Banks Obsolete? PressTV MiniDocsteemCreated with Sketch.

in bitcoin •  7 years ago 

Documentary Explaining Bitcoin.

Some of our Steemians are in the video including @DollarVigilante, @SterlinLuxan and @RogerKVer.

banking-system-vs-bitcoin-hilarski.jpg

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All middlemem will be soon out of the game ;-)
Explained that to my mom today :-)
Best greetings from Berlin and chrytsal clear resteemed :-)

Thank you Brotha!

hey @hilarski ,,, nice video
I am a newbie when it comes to investing and hope to learn more. Looking forward to your future updates in this space. thanks

banks should really start to have fear!

I was reading an article on www.technologyreview.com where they said:

The number of banknotes and coins in circulation has fallen to its lowest level in three decades. Riksbank, Sweden’s central bank, estimates that cash transactions made up only 15 percent of all retail transactions last year, down from 40 percent in 2010, thanks in large part to massively popular mobile payment services.

The situation has left Sweden’s central bankers wondering: should the country introduce a purely digital form of government-backed money? And if so, should it use technology similar to that underlying Bitcoin?

If this goes on at the same pace, then I think banks would be unstable by the end of 2020. Like physical currency would abolish.

I totally believe it will happen.

Yeah me too. When it happens all they are saying that BTC or Crypto's are illegal, they well be the ones who are at the front to invest in it.

Das bringt Risen Changen aber auch grosse gefahren!!

niemand kennt die Zukunft mein Freund..

All of cryptocurrencies will be headache to the Central Banks. So They give alarm to crypto market, Try to obsolete. The main banks task was low and their have been low ratings of income bcoz cryptocurrency. Bitcoin market really attracted trade market. Then government announce this alarm. As my way bitcoin unstoppable and will not handle other part (Government)
Thank you for share valuable info @hilarski.
Resteemed.

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The other economic aspects are threatened by the positive impact that the BTC has had

Hahhaa Banks should be alarmed. They are loosing their profit. Crypto currency made its way in this new era.

Es wird noch viele auf und runter geben ob auf lange sicht ( ich kenn die Zukunft Nicht)!!

What a great informative post @hilarski
Looking forward to your foture posts
May bitcoin will going to remove all the corruptions
Have a good day

Stimmt guter Beitrag

That is really news of btc central banks Obsolete and cryptocoin seen. excellent post
Thanks @hilarski
Have a nice day

news

I think that banking as we know it will be a minor financial player if it exist at all. Transparency of the blockchain gives power to the average person.

Thanks for sharing, I'll watch it when I'll arive home from work. Anyway my opinion remanis the same, that in a couple of years we will experience cryptocurrencies becoming more popular and getting into the wide market much more. And they will slowly replace the current existing fiat. This is what I think, but the truth remains to be seen :)

Highly doubt they go away. Instead I see they make their own cryptos and legalize it. Hearing already Russia is doing it. This will make collecting taxes easier and central banks controlling supply of the currency much more transparent. It will be the future for sure but the same people who rule over the majority will remain. The only way I see the government and central banks go away is if a current crypto that basically is adopted as currency and used by all. Bitcoin is the very example that can do this but governments will not go down with a fight. I just hope they are too slow to react and by the time they need to it will be too late and a revolution begins.

Yes, this was discussed in the video.

Excellent post @hilarksi, yes we all want freedom we are born free and this is our right to live free as well why we deposit out hard earned money to those banks and then they start controlling our money and we are no longer in a condition of use it freely, we have a far better option available now to save our money in shape of bitcoin and cryptos and by doing this we also have a full control in our funds no middle man use our funds for his own sake, the future of cryptos is so bright and we surely see more developments and growth in cryptos with the passage of time, thanks for sharing very nice videos with us, Stay awesome.

Very nice and superb news my friend, in this way corruption of the middle man should be decrease in near future. Thanks for sharing such a wonderful vedioes and wonderful news. Happy steeming my friend.

@hilarski,
I assure you we can argue on this topic for weeks and months :D anyway I think you are at my side! I'm in "some nerds with computers"! Great video and nice topic you brought today!
Have a question, want to hear more about INS Token as well!

Cheers~

Have doubts about this topic. So, this video helps a lot with lots of information. Keep it up~

Well, the banks either completely pass to the crypto currency, or disappear. Maybe the government will follow them :)

@hilarski, You sharing real informative video. Is this real announcement? Probably can be true. It seems sharing your video. The banks lost their profit, then banks appeal from central bank Pls obsolete crypto market.
Great discussion. This will not be able to the government, require to change law rules if so. BTC market in real decentralized platform.

I found your blog informative ,,
The Bitcoin is very useful but understanding it, is very important if we want to earn .....

bitcoin. its booming

G'day.
Yeah that was a good doco that explains in part why we are all into cryptos.
Based on developments in the last few months, I can't help but believe the whole thing is starting to go mainstream and we could be on the verge of something big happening.
I'm very careful and watch all the stats closely but sometimes gut feeling is way ahead of the charts!

Love the image - banking system versus computer nerds - did you make it or where did you find it? I wouldn't mind using it to explain something to some people.

Excellent video and I agree that Bitcoin has had a significant impact in the world. Those states and their respective governments, as well as banks that at the time, have benefited from the benefits of crypto currency and the technology of the blockchain , will become advanced in the future, as this technology does not have to be left out and there are more advantages in it than minuses! Thank you @hilarski

It does not matter how much the banks try to intervene and interfere with the bitcoin they will not be able to because it is free and decentralized.That is why banks are scared their system is threatened as their monetary income and power. ;)

Wow - mann sollte die Banken nicht Unterschätzen!!

I dont mind central bank need to obsolete BTC market. Bitcoin has massive market cap and longer profitable. BTC has not doing any errors or not going against central bank rules. In fact I think no worries about this video.

Congratulations @hilarski
Now you are in the MinnowsPower Loyalty Member List...!!!

Exceptional video with useful details. Incredible post for all crypto lovers of Steemit platform...!!!

100% Upvoted by @MinnowsPower

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now we take paitent what govt. thinking about bitcoin.

NICE SHARE
I THINK IF BTC EMPOWERING LOWER CLASS THEN UPPER CLASS WILL TOLERATE IT .
AND THAY LOOSE CONTROL OVER PEOPLE
@hilarski

Your post is so nice.

I do not think cryptocurrency can hurt banks

If that was the case I don't think Jamie Dimon would be campaigning against them.

Das werden wir in 20 Jahren schon wissen!

Bitcoin will be the world's new money,the inevitable last future digital money.Thanks for sharing

To be honest, Federal Reserve banks are no big deal. India last year saw complete breakdown the RBI with a move. Nothing much happened and people survived.

Währungen kommen und gehen!
Coins wird es auch ein kommen und gehen geben!
Silber /Gold- Wald /Rohsstoffe/ Wasser- werden immer bestehen!!

bitcoin is unstoppable, that's pretty cool to know thanks for the tips by the way :)

Das weis niemand!

That is really news of btc and cryptocoin seen. excellent post
Thanks @hilarski


central banks & governments can do nothing. because btc is going to moon now @hilarski

@resteemia

Yes bitcoin obsolete any government .because it has huge scope.

Currently the prices of bitcoin rocks. Its price is increasing continuously.

Hello @mywhale,

Extraordinary good video & nice update. Crypto people believes on BitCoin than central government. Incredible video & valuable post.

~@mywhale

@hilarski - Sir, this is a very useful video.... It well explained about BitCoin Sir.... after all, Some nerds will win this battle Sir.... Because we all believes on BitCoin than old ponzi schemes Sir.... Nice you decided to share this video....
To get more audience, I wish to ReSteem your post.

+W+ [UpVoted & ReSteemed]

Great Post!!
I think Central Banks will try to regulate Cryptos for sure.
Maybe we will have in the future Central Crypto Authorities!!

nice1, thanks!

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nice

Very Interesting Article!! Thnx for Sharing such Useful Info!!

Banks worried from crypto currency

really nice & helpfull video..like it

nerds making $$$$$$$$$$$$$$

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No one can control bitcoin !!!

After watching what happened in Zimbabwe yesterday and what is happening in our own beloved country, I am not surprised to hear many are starting to take a closer look.

Zimbabweans were paying a premium during the last weekend trying to invest via on exchange at approx US$15k per coin, sad that it happened at a premium rate, that should never happen. However 'never get caught with your pants down' now you know why I am late responding been keeping an eye on our neighbours going on's @hilarski ( https://www.cryptocoinsnews.com/zimbabwe-says-bitcoin-not-yet-legal/ )

Yes, I believe that Crytocurrency is going to make a big revolution in coming days!!

Sharing knowledge & updating market news + new investment opportunities are your daily works. It helps entire community. Nice video today again.

~Followed & Upvoted