Alexis make-up: cryptocurrencies will never replace banks

Date:

2018-07-12 15:15:06

Views:

37

Rating:

1Like 0Dislike

Share:

Alexis make-up: cryptocurrencies will never replace banks

In the published report of the Central Bank of Finland, one of the advisors of the Bank have declared the inadmissibility of equating the crypt for money. Alexis Grim believes cryptocurrency "systems of accounting for non-existent assets." About it writes .

the

the Essence of the cryptocurrency is far from money

Grimm says that people still do not fully understand the concept and principle of money. It also points to a confusion of terminology in the original wallpapere Bitcoin.

The Analyst draws Parallels between the crypt and the Central banks. In his opinion, between them there is no difference. Employees of the Bank make-up compares with the miners, and accounting for banking transactions — bacchanal.

The Only difference between digital currencies and traditional financial system is that recording transactions in the blockchain supported decentralized network nodes. Bank transfers are stored on a completely centralized server. However, there are no practical differences.

Grim said that money is the units of account in the economy. While cryptocurrencies will never replace and will never be a separate unit without the support of centralized financial institutions.

Other researchers would view Alexi Makeup. But the Bank of Finland had already decided their position – in 2014, the Bank recognised the crypt of a commodity and not a currency.

Alexis make-up: cryptocurrencies will never replace banks appeared first on Two Bitcoin.

Recommended

Coinbase will allow institutional investors to short sell crypto currencies

Coinbase will allow institutional investors to short sell crypto currencies

In March, scientists at the University of Aachen in the code, the largest U.S. crypto currency exchange Coinbase a security vulnerability that allowed users to transfer your balance to an unlimited number of tokens, Ethereum Now launched his own hedg...

Burning money: the growth of Bitcoin has led to the loss short positions at $ 180 million

Burning money: the growth of Bitcoin has led to the loss short positions at $ 180 million

Sunday for Bitcoin offer 7400 dollars. While signs of imminent collapse first cryptocurrency after its recent growth, like as not. At the same time from the high prices of digital assets to win not all — the growth of prices of coins has led to the l...

Price Tron dropped to a new level. Is it worth to buy?

Price Tron dropped to a new level. Is it worth to buy?

the Current price of Tron could be a good opportunity to buy alithina. Over the past two days, the coin dropped to 8 percent to the price level 0,035$. According to information analysts point to good technical and fundamental strengths Tron. the When...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Julian Hosp: Bitcoin will rise to $ 60,000 by year-end

Julian Hosp: Bitcoin will rise to $ 60,000 by year-end

co-Founder of TenX Julian Hosp predicts a sharp increase in the prices of Bitcoin to $ 60,000 by the end of this year. Hosp noted that the development of cryptocurrencies is even in spite of the correction of the stock market. It ...

50-year-old woman was jailed for a year for the illegal trade in Bitcoin

50-year-old woman was jailed for a year for the illegal trade in Bitcoin

50-year-old Teresa Tetley earlier for illegal trading cryptocurrency on the exchange LocalBitcoins. The guilt she had long recognized and unresolved issues it remains only the term of imprisonment in a Federal prison of the United...

Bart Smith: Bitcoin is the best investment in the entire stock market

Bart Smith: Bitcoin is the best investment in the entire stock market

Trader Susquehanna International Group believes the main cryptocurrency asset to invest in the whole stock market. Bart Smith points to the practical application of Bitcoin and calls it "the currency of the Internet". About it wri...