BlockChain WARS Begins !

Ask every banker or financier who says bitcoine "ponzi" or "no money" "if there is no bitcoin, ask" what is the money "where the banks use the required reserve ratios to drive the market?

Although the monetary value of banks in the world today varies according to the countries, there may be some who do not know that 21% is actually cash. The reason for this is the fact that the banks, not the states, are supplying money, printing money by expressions among the people. You probably do not have anything like that. Let's explain it to you.

Banks actually act within the framework of certain rules when lending. The basic rule here is "no one will draw all cash money at the same time". What happens though? Like Greece, they get daily limit, it ends. This is the ratio of the required reserve ratio to the legal regulation of the country in our country. This value has been determined by the Central Bank at 10.5%, while changing for the time being for Turkey. (See Required Reserve Ratios )

What is the required reserve ratios? Basically, the money transfer duty that the states transferred to the bank came to control. This rate varies between 0% and 20% (see Central Bank News ). Of course, banks usually move above these limits as risk assessment institutions consider this to be a consideration when considering banks' notes. For this reason, according to the World Bank data, the cash reserve ratio of the banks in terms of all the assets of the banks was announced as 21% in 2016. (See " World Bank, Bank liquid reserves to bank assets ratio ." So they actually supply $ 20 to the bankers, $ 100 to the market, that is, basically a well-organized, authoritarian-controlled action, but at the end of the day they "print money" in popular terms.

But when the subject is Bitcoin, the color of the job changes suddenly. While banks offer money to the market (with pardon! 20%), they become "fraud" in the case of a commodity that can be owned, produced, stored, or excluded from existing systems by people like Bitcoin. A phrase that will not be entertaining and without reason.

Not that the manager of every bank tells you this. For example, we do not hear this or a similar statement from UBS Group AG (UBSG.S), Deutsche Bank AG (DBKGn.DE), Barclays Plc (BARC.L), Bank of America Corp. and ING management. But we hear from JP Morgan. Although it sounds like an interesting situation, we can not escape the fact that it is a Battle of Blockchain .

The R3 Consortium was the big news when it set out a few years ago . Giant banks and tech giants like Intel have come together and invested in the development of a blockchain-based system. The amount invested was $ 107 million. In recent years, however, Morgan Stanley, Goldman Sachs and Santander have announced that they will withdraw from membership (see CoinTurk) In the past few months, JP Morgan has announced that he will develop his own blockchain technology (see Reuters ).

On the one hand, JP Morgan says Bitcoin is "fraud = fraud" but will use Bitchin's Blockchain technology, on the other side there are no positive or negative statements, but the banks are investing in Blockchain technology.

Obviously this may be a sign that the R3 Consortium may lose more members in the coming days. This situation has been experienced many times in similar history. First, a working group is formed. A group member is separated from this group when developing a tool, an application, or a service for this group member. Afterwards some members are separated and a new union is formed after a while. Then the war begins over two and perhaps more unions that offer the same tools, practices, or services.

While waiting for innovations in the R3ch Consortium's Blockchain technology, we may perhaps be reporting on a new consortium and maybe even better technology. Because nobody can give up the "blockchain" technology. Even if you leave the group, BlockChain continues to research the technology, builds teams, etc. I mean, "Blockchain Wars" is just beginning, it's time to say "May The Confirmation Be With You"