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

in #bitcoin7 years ago

Documentary Explaining Bitcoin.

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

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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

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 :)

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