BITCOIN

Zola.

No - the point is that these businesses are now making serious money, have gotten huge, gone mainstream, and are part of an acceptable investing platform. 

Only a few years ago bitcoin was considered nerdy magical internet beans. Folks are paying attention now. Those who don't will get left behind and will inevitably regret it. 

bugbyte_2

What is the advantage of having Central banks digital currency (CBDC) over the system which already have a good infrastructure, massive well connected networks and already work well such as Credit/Debit Card using payment processing such as VISA/Master/Amex, wireless payment?

Stability, trust, regulation (which most people actually want), taxation to keep the world spinning (which most people actually want), not financing criminal operations (which most people actually want), usability, cost of transaction, speed of transaction, one simple payment system.

bugbyte_2

Why do you want a decentralised system again?

Adyinvestment

This is probably the most bullish article/news I have ever seen for Bitcoin/crypto, published yesterday on Forbes which is pretty credible.

Of a survey of over 1000 senior executives in banking & financial services, the majority think Bitcoin/crypto could replace fiat.


Bankers Issue ‘Seismic’ Warning: Bitcoin, Ethereum, BNB, Cardano And XRP Could Replace The Dollar In Just Five Years As Crypto Market Price Adds $1 Trillion (forbes.com)

If you click through to the actual report itself it breaks it all down.

terratus

adindas said:

terratus said:

Central banks are creating their own digital currency, CBDC's (central bank digital currencies).

I realise this is a BitCoin thread but one of the leading companies leading on this and assiting governments is called Quant. They have ties to the Digital Pound as the founder of Quant once worked at the Bank of England. Quant have already confirmed the South American digital dollar with 12 countries currently signed up. Also talk of a digital Euro but lot's of non-disclousure agreements so some speculation at this point.

I'm not invested in Bitcoin but I am in Quant (partly for the reason's mentioned above). Very interesting and exciting future.

--

Unrelated but for the neighsayers and crypto haters here, why even waste your time posting in this thread? Leave the thread to those that are interested in learning more.

In my personal opinion this will just defeat the main purpose of the creation of cryptos, e.g., to have a decentralised system.

It is also a duplication. What is the advantage of having Central banks digital currency (CBDC) over the system which already have a good infrastructure, massive well connected networks and already work well such as Credit/Debit Card using payment processing such as VISA/Master/Amex, wireless payment?

I think CBDC's are adding to and evolving the current financial system, rather than creating total duplication. Even though payments now may appear digital, they are not truly digital as they require many third parties and middlemen to confirm the transaction, at a massive cost to banks.

If I send £10 from my bank to yours, it may appear in your bank account instantly however there are countless things that need to happen behind the scenes to reconcile and confirm the transaction.

With a truly digital system it should remove the need for human interaction - I send money from my wallet to your wallet and that's it, transaction done. Not sure if this is actually how CBDC's will work though or if governments are just pursuing it from a 'big brother' view where they can track everything and everyone.

Scottex99

terratus said:

bugbyte_2 said:

tranquility1 said:

BlackRock and Lloyds buying up residential properties too.

When these in-the-know institutions start parking their money in hard assets you should know something is about to happen.

There will be a digital currency we all use very soon, I am convinced of that, and it may mirror the work done so far. But it wont be an existing coin - it will be something cooked up by world governments.

Central banks are creating their own digital currency, CBDC's (central bank digital currencies).

I realise this is a BitCoin thread but one of the leading companies leading on this and assiting governments is called Quant. They have ties to the Digital Pound as the founder of Quant once worked at the Bank of England. Quant have already confirmed the South American digital dollar with 12 countries currently signed up. Also talk of a digital Euro but lot's of non-disclousure agreements so some speculation at this point.

I'm not invested in Bitcoin but I am in Quant (partly for the reason's mentioned above). Very interesting and exciting future.

--

Unrelated but for the neighsayers and crypto haters here, why even waste your time posting in this thread? Leave the thread to those that are interested in learning more.

That's QNT right? Weirdly I just heard about it from someone else this morning.

I don't generally buy into the "our team has a former BoE guy or our devs went to Stanford" type chat but seems will have look for sure. Seems to have been doing nothing for a couple of years and recently had a big pump

terratus

Scottex99 said:

terratus said:

bugbyte_2 said:

tranquility1 said:

BlackRock and Lloyds buying up residential properties too.

When these in-the-know institutions start parking their money in hard assets you should know something is about to happen.

There will be a digital currency we all use very soon, I am convinced of that, and it may mirror the work done so far. But it wont be an existing coin - it will be something cooked up by world governments.

Central banks are creating their own digital currency, CBDC's (central bank digital currencies).

I realise this is a BitCoin thread but one of the leading companies leading on this and assiting governments is called Quant. They have ties to the Digital Pound as the founder of Quant once worked at the Bank of England. Quant have already confirmed the South American digital dollar with 12 countries currently signed up. Also talk of a digital Euro but lot's of non-disclousure agreements so some speculation at this point.

I'm not invested in Bitcoin but I am in Quant (partly for the reason's mentioned above). Very interesting and exciting future.

--

Unrelated but for the neighsayers and crypto haters here, why even waste your time posting in this thread? Leave the thread to those that are interested in learning more.

That's QNT right? Weirdly I just heard about it from someone else this morning.

I don't generally buy into the "our team has a former BoE guy or our devs went to Stanford" type chat but seems will have look for sure. Seems to have been doing nothing for a couple of years and recently had a big pump

Yuss QNT - there's much more than just a few employee connections but I didn't want to clog up a forum and make it look like I'm shilling it hehe.

Their overledger tech is an operating system that allows any to any connections, so not only connecting any blockchain to another blockchain but any other type of distributed ledger technology and even old legacy systems.

I read an anology once where they likened it to email or sending a text - imagine if you could only send a text to someone who has the same system as you and how limiting that would be if EE could talk to EE, Vodafone to Vodafone.

Imagine if to send an email, you a friend need to have the same brand of computer, same internet provider, same operating system & the same email program, hardly anyone would be able to speak to eachother.

That's what blockchains are like at the moment. Devs need to choose which chain to build on based on what they might need to pull from other projects within that same ecosystem, Quant's overledger allows any blockchain to speak to any blockchain (+ other DLTs and systems)

So we'd go from only Vodafone being able to send to Vodafone to a new system where we are now where you can use whatever phone, program, ISP, OS you want and everything connects and speaks as it should.

Hope that makes sense as a basic overview. Quant's overledger sits above everything...

IMO it will be a top 5 coin one day. If you're on Twitter, there's a lot of threads that have been posted explaining it in more detail and more in depth than what I can write here.

terratus

Scottex99 said:

Central banks are creating their own digital currency, CBDC's (central bank digital currencies).

I realise this is a BitCoin thread but one of the leading companies leading on this and assiting governments is called Quant. They have ties to the Digital Pound as the founder of Quant once worked at the Bank of England. Quant have already confirmed the South American digital dollar with 12 countries currently signed up. Also talk of a digital Euro but lot's of non-disclousure agreements so some speculation at this point.

I'm not invested in Bitcoin but I am in Quant (partly for the reason's mentioned above). Very interesting and exciting future.

--

Unrelated but for the neighsayers and crypto haters here, why even waste your time posting in this thread? Leave the thread to those that are interested in learning more.

That's QNT right? Weirdly I just heard about it from someone else this morning.

I don't generally buy into the "our team has a former BoE guy or our devs went to Stanford" type chat but seems will have look for sure. Seems to have been doing nothing for a couple of years and recently had a big pump

Forgot to mention - the overledger platform is releasing soon which is why it might be gaining more attention recently. They have a lot of NDA's which are also being annouced so probably all adds to the price push.

It's deffo gone up a lot in the last month but when look at what they are connecting and what can flow through there network, the sky could be the limit imo. Anyone who wants to use their tech to connect to whatever they want to connect to, need to own Quant tokens. It won't require retail investors to drive the price up, the token price will increase through companies buying a licence to use the overledger, which then locks up the equilivant value in Quant tokens and takes them off the market until the licence expires. Feel free to get in touch if you want more info matey

Scottex99

terratus said:

Scottex99 said:

Central banks are creating their own digital currency, CBDC's (central bank digital currencies).

I realise this is a BitCoin thread but one of the leading companies leading on this and assiting governments is called Quant. They have ties to the Digital Pound as the founder of Quant once worked at the Bank of England. Quant have already confirmed the South American digital dollar with 12 countries currently signed up. Also talk of a digital Euro but lot's of non-disclousure agreements so some speculation at this point.

I'm not invested in Bitcoin but I am in Quant (partly for the reason's mentioned above). Very interesting and exciting future.

--

Unrelated but for the neighsayers and crypto haters here, why even waste your time posting in this thread? Leave the thread to those that are interested in learning more.

That's QNT right? Weirdly I just heard about it from someone else this morning.

I don't generally buy into the "our team has a former BoE guy or our devs went to Stanford" type chat but seems will have look for sure. Seems to have been doing nothing for a couple of years and recently had a big pump

Forgot to mention - the overledger platform is releasing soon which is why it might be gaining more attention recently. They have a lot of NDA's which are also being annouced so probably all adds to the price push.

It's deffo gone up a lot in the last month but when look at what they are connecting and what can flow through there network, the sky could be the limit imo. Anyone who wants to use their tech to connect to whatever they want to connect to, need to own Quant tokens. It won't require retail investors to drive the price up, the token price will increase through companies buying a licence to use the overledger, which then locks up the equilivant value in Quant tokens and takes them off the market until the licence expires. Feel free to get in touch if you want more info matey

Obvs pumped for some kind of reason recently, although general uptrend in the market anyway. I see it's on some major CEXs already so must have a decent backing.

Ok, will get a bag now lol, celebrate 100 pages of arguing on this thread 

terratus

Scottex99 said:

terratus said:

Scottex99 said:

Central banks are creating their own digital currency, CBDC's (central bank digital currencies).

I realise this is a BitCoin thread but one of the leading companies leading on this and assiting governments is called Quant. They have ties to the Digital Pound as the founder of Quant once worked at the Bank of England. Quant have already confirmed the South American digital dollar with 12 countries currently signed up. Also talk of a digital Euro but lot's of non-disclousure agreements so some speculation at this point.

I'm not invested in Bitcoin but I am in Quant (partly for the reason's mentioned above). Very interesting and exciting future.

--

Unrelated but for the neighsayers and crypto haters here, why even waste your time posting in this thread? Leave the thread to those that are interested in learning more.

That's QNT right? Weirdly I just heard about it from someone else this morning.

I don't generally buy into the "our team has a former BoE guy or our devs went to Stanford" type chat but seems will have look for sure. Seems to have been doing nothing for a couple of years and recently had a big pump

Forgot to mention - the overledger platform is releasing soon which is why it might be gaining more attention recently. They have a lot of NDA's which are also being annouced so probably all adds to the price push.

It's deffo gone up a lot in the last month but when look at what they are connecting and what can flow through there network, the sky could be the limit imo. Anyone who wants to use their tech to connect to whatever they want to connect to, need to own Quant tokens. It won't require retail investors to drive the price up, the token price will increase through companies buying a licence to use the overledger, which then locks up the equilivant value in Quant tokens and takes them off the market until the licence expires. Feel free to get in touch if you want more info matey

Obvs pumped for some kind of reason recently, although general uptrend in the market anyway. I see it's on some major CEXs already so must have a decent backing.

Ok, will get a bag now lol, celebrate 100 pages of arguing on this thread 

Quant seems have totally decoupled from Bitcoin and the rest of the market these days, BTC has been pumping this last week or so with little movement from Quant, whereas when BTC was bearish and moving sideways, Quant was pumping. Eventually this is how the entire market will hopefully be - each project moves independently based on it's own news and tech relases.

I can't remember exact dates but maybe 6 weeks ago Quant was around £50, then it got listed on Coinbase & Binance which opened it up to more people which will have caused a big spike. Another I like which is not yet listed on the big exchanges, which you might also find interesting is AllianceBlock (ALBT), partnered with Quant and trying to build the new financial system by combining the best aspects of defi and traditional finance.

"celebrate 100 pages of arguing on this thread" haha - there's so much fancinating stuff happening with blockchain technology, much more than people who spend their time bashing crypto (yet only know of BTC) will ever understand.

 -

There may be certain cryptos that were created to be used as actual currency, but the majority of tokens exist to secure and run the networks - not to be used as 'new-age internet money' so don't let the name 'currency' fool you guys, there's so much more to it investing in crypto is basically investing in startup companies, it's not all speculative stuff where the price only goes up because more people are investing.