Post
Topic
Board Altcoin Discussion
Re: Central bank coins vs crypto space coins
by
Teraboy
on 07/01/2020, 00:05:30 UTC
Cryptocurrencies made by central banks are more likely to be easily be manipulated to favor their business over market. They might as well make amends with the government for favorable regulations. They will also more likely to be stable coins. The blockchain technology can revolutionize the market but it can also be used to make only some capitalist businesses take more control over the market. Hopefully, things can work out and they can be fair with their clients.
Well if the central banks want to deploy and release their own stablecoin the blockchains system that is implemented to the coin will certainly be a lot more centralized and by that the blockchain will lose its nature of irreversible transaction as well as the anti manipulation. Basically just the same as the current system the bank currently has and yes that's pretty much sums up what'll happen in the future.
indeed stable coins issued from banks will make a lot of very good changes, especially those using blockchain technology which in my opinion can provide very many benefits, banks will use blockchain technology but banks will also make their own coins which will be more stable and supported by banks the.
It looks like almost of all digitized fiat money will be used blockchain as the core but im still not sure if this willl happen but just try to give my opinion about that.
As long as we will have gateway with those stable coins that created by the bankers and we will fine about that. Crypto can get the new funds from there. but we must wait about the spesification of the stable coins that will be issued by those bankers whether it will be using blockchain or not.
I think we will see that very soon as the majority of central banks have already started the development.