Bitcoin Altın Yerini Alabilir Mi? Nick Szabo | Kripto Kılavuz
Connect with us

News

Can Bitcoin Gold Replace? Nick Szabo

Bitcoin Altın Yerini Alabilir Mi? Nick Szabo

According to the popular cryptograph Nick Szabo, Central Banks can resort to crypto currency reserves to support national gold reserves. The industry expert also thinks that countries with troubled economies will see an increase in the use of crypto currency.

Failed Economies Crypto Money Increasing the Demand of the Unit

Nick Szabo, who attended the Israel Bitcoin Summit at Tel Aviv University on January 8, put forward his views on the crypto currencies and their position in the traditional economies.

Bitcoinas well as censorship-resistant crypto currencies will see increased demand in countries where economies are deprived of failed financial practices. The same thing will happen in countries blacklisted from international trade.

In particular, towards the end of the summit, it was evidence that he was saying these words.

A few days ago, Vladislav Ginko, a Russian university lecturer with ties to the government, said the country plans to invest in Bitcoin to overcome US sanctions.

Due to US sanctions, the elite of Russia is forced to abandon US assets and the US dollar and invest heavily in Bitcoin. The Russian central bank has a reserve of $ 466 billion, but needs to be diversified if there is a limited number of opportunities to do so (in the future). Best suited for this diversification Bitcoin looks like.Inko - Ginko said.

Is it better than gold?

In addition, Szabo states that Central Banks will eventually return to the reserves of the crypto currency as a means of supporting national gold reserves.

Experts believe this would be due to a lack of confidence between foreign governments:

Olabilir For example, there may be cases where a central bank cannot rely on a foreign central bank or government bonds. A developed solution is for the Swiss government to hold for you - this is not a trusted solution. The Swiss government itself is subjected to political pressures, and therefore the confidence that has been reduced to a lesser extent is a less reliable solution than that of crypto money. İsviçre

In addition, Szabo referred to another valid point, which indicates that gold is technically vulnerable, for example, that bitcoin is safer than gold.

Source: Livebitcoinnews

Advertisement
Click to comment

Leave a Reply

Your email address will be published. Required fields are marked *

forward × forward =

Industry News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph

Continue Reading

Industry News

Visa Launches Global Cross-Border Payment Network for Some Aspects of Blockchain

Visa, Blockchain'in Bazı Yönlerine Yönelik Global Sınır Ötesi Ağı Başlattı

Visa, the US payment giant, has launched a cross-border payment network derived from some aspects of Blockchain technology.

“Visa B2B Connect” The network is designed to facilitate international exchanges by global financial institutions, enabling direct interbank payments between businesses.

 Visa's Global Cross-Border Payment Network

According to the report, the network already includes 30 trade channels worldwide to enable faster and cheaper cross-border payments and is expected to expand to 90 markets by the end of 2019.

Visa B2B Connect includes elements of the open source distributed accounting technology (DLT) Hyperledger, which was developed in part by a group led by the Linux Foundation. blockchain technology.

Kevin Phalen, managing director of Visa Business Solutions, reported in particular that some aspects of blockchain technology are used because of the ability to transfer more data on a payment than any existing payment system.

The network is a collaboration with e-payment operator Bottomline Technologies and fintech, FIS, as well as collaboration with the world-class IBM. It was reported that Visa initially worked with a cryptographic notebook systems manufacturer to improve the product.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph

Continue Reading

Crypto Money News

Facebook Coin's Whitepaper Release Date! Facebook Resources

Facebook Coin'in Whitepaper'ı Çıkış Tarihi! Facebook Kaynakları

IT and fintech magazine TechCrunch said on June 6 that multiple sources expect Facebook to launch stablecoin on June 18.

Facebook Coin'in Whitepaper'ı Çıkış Tarihi! Facebook Kaynakları

Facebook Coin's Whitepaper Release Date! Facebook Resources

Referring to a group of people familiar with the plans, the news stated that the secret crypto currency project will emerge this month, along with current thoughts inside and outside the company, as well as history in mind. Earlier rumors were that Facebook is scheduled to release this crypto in 2020.

Facebook, with its insistence on entering the payment sector, caused an uproar throughout the industry. Executives, not only the social media platform Facebook, WhatsApp and Instagram'ın side companies will participate, he said. However, the criticism of such projects comes to the latest US rating agency Weiss Ratings, which, in a private blog post, said that the ultimate goal of technology companies is not to increase the attractiveness of the crypto currency, but to get away from banks.

Facebook Coin Announces Release Date of Whitepaper

TechCrunch,  I Facebook announced on June 18 that it would publish a whitepaper explaining the basics of crypto currency ” waiting.

This date came from Laura McCracken, Facebook's President of Northern Europe's Financial Services and Payment Partners. In an interview with German finance magazine Wirtschaftswoche this week, stabilcoin said it would not include only the US dollar base.

Release "Facebook Coinvalue will be guaranteed with a minimum fiat currency ” said.

“Long term Bitcoin and other cryptocurrency units will be in the bull market. And one of the most important consequences is that they have the potential to truly disrupt the financial system we know today. ”

Still, many analysts don't see it that way. Applications such as Apple Pay, Google Pay and Alipay, which can challenge the global payment system, In replacing the banks ın they think it can only be replaced by new payment platforms.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph

Continue Reading
Advertisement

Current Chart

Click for More

Don't forget to follow us on Twitter

Popular Topics

Don`t copy text!
en_USEnglish
tr_TRTurkish en_USEnglish