Quote from: andrei.dr on April 19, 2018, 10:59:25 AM

Quote from: cryptocamacho on April 17, 2018, 09:43:16 PM

Do you think so?

I certainly do. Not a matter of if, but when...

Here's the case:

1. Have bank runs happened in the past?
YES! Many many many times. Runs on the banks have happened since banks existed. Here are a few links to show you the proof:

-https://en.wikipedia.org/wiki/List_of_bank_runs
-https://en.wikipedia.org/wiki/List_of_banking_crises#21st_century

2. Are Governments scared of crypto? Could Crypto replace the dollar and fiat currencies?
YES! They are shaking in their boots because they know the end of Fiat is near. Governments are now running all directions trying to figure out what to do with crypto. Russian, Venezuela, and other governments are starting to create their own cryptocurrencies to coax the public to adopting them. India, pakistan, china and others are trying to ban crypto all together... but know their efforts will be futile. Europe, US and other nations are trying to 'embrace' cryptocurrency, because they know that it's inevitable that they adapt their business model or perish.

The dollar's days are numbered and will soon be replaced as the world's reserve currency. There is FINALLY an alternative to the dollar and the world knows this.

The truth is that cryptos WILL replace fiat currency. This will cause the price of crypto to skyrocket and the dollar to hyperinflate. The dollar will hyper inflate to crypto and many will wake up only to find out that their dollars are worthless.... because it will not require such a large amount of fiat to purchase any cryptocurrency of value (think if bitcoin in fact did go up to $100K).

Here is some proof for your reading pleasure:
-https://www.google.com/search?q=us+government+cryptocurrency&oq=us+government+crypto&aqs=chrome.0.0j69i57j0l4.4120j0j7&sourceid=chrome&ie=UTF-8
-https://www.google.com/search?ei=-VnWWsDaGoqq8APUzZuQCw&q=us+dollar+collapse+crypto&oq=us+dollar+collapse+crypto&gs_l=psy-ab.3...8052.9348.0.9526.9.9.0.0.0.0.100.790.8j1.9.0....0...1c.1.64.psy-ab..0.2.172...0i13k1.0.rkAR1-JYReQ
-https://www.google.com/search?q=dollar+hyperinflation+crypto&oq=dollar+hyperinflation+crypto&aqs=chrome..69i57.8042j0j7&sourceid=chrome&ie=UTF-8

3. What does the IMF and Big Banks Say about Crypto? Is the financial world worried about crypto?
YES! They are all very worried because their business models are all being threatened. The IMF has now come out multiple times saying that that crypto could disrupt business models, and will present challenges for banks and central banks. They know fiat's days are numbered.

Today the IMF chief Christine Lagarde said this:

"Moreover, banks and other financial institutions will face challenges to their business models, should there be a large-scale shift away from government-issued currencies toward crypto-assets. Regulators might find it harder to ensure the stability of a more diffuse and decentralized financial system. Central banks might have more trouble acting as the lender of last resort in case of a crisis."

Here are a few more things the IMF has said about crypto: https://www.google.com/search?q=imf+crypto&oq=imf+crypto&aqs=chrome..69i57j0j69i60j0l3.1565j0j7&sourceid=chrome&ie=UTF-8

What does Bank of America and Chase Bank have to say about this? Well take a gander below....

-https://www.google.com/search?q=banks+crypto&oq=banks+crypto&aqs=chrome..69i57j0l5.5934j1j7&sourceid=chrome&ie=UTF-8
-https://www.google.com/search?q=bank+of+america+crypto&oq=bank+of+america+crypto&aqs=chrome..69i57j0l5.7669j0j7&sourceid=chrome&ie=UTF-8

They have repeatedly said that crypto is a threat to their business and that they need to adapt or die. They see the writing on the wall. They have also tried to claim bitcoin is a fraud/scam because they are scared of it.

What about Goldman Sachs?
They are trying to actual embrace and enter the market because they know that the revolution is coming. They have now started acquiring crypto-related companies such as Poloniex (crypto exchange) and Circle (app to text people cryptocurrency via phone). They have also stated that crypto is a threat to their business. See the proof below...

-https://www.google.com/search?q=goldman+sachs+crypto&oq=goldman+sachs+crypto&aqs=chrome..69i57j0l5.3560j0j7&sourceid=chrome&ie=UTF-8
-https://coincentral.com/goldman-sachs-funded-circle-purchases-poloniex-400mln-buyout/
-https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-major-crypto-exchange-poloniex-idUSKCN1GA1N4

4. So Where Does That Leave Us?
Well... we all need to embrace and transition to crypto from fiat. The sooner you do this, the better for you.

The writing is on the wall. This will happen.

There will be a digital run on the banks.

People will convert fiat to crypto at an alarming rate as this rocket ship takes off. This will cause hyperinflation of fiat currencies around the world... which will only accelerate the adoption of crypto and push the prices higher.

If you're reading this... you are doing something right.... welcome to the club.

Many of the 'new rich' and 'future elite' are amongst us. Place nice and help others understand what is going on.

Cheers!
Crypto Camacho

Indeed, cryptocurrencies do not yet have a major impact on FIAT, but banks are extremely interested in creating possibilities for adapting to the crypto world. However, governments have the last word to say about this subject and we do not have much, but to hope for an environment favourable to our own investments.

Do you think that governments will ban crypto? If so, which ones and how will they choose? How will they enforce?