As a Crypto Guide Team at Boğaziçi University Blockchain TalksWe were in
At the beginning of the speech, it was first mentioned that the decline of crypto coins in 2018 could be a radical correction. After that IS Investment International Markets Manager Şant ManukyanThe conversation with the stage was started.
Shant ManukyanIf we talk about the main headings:
Mother of Bubble Chart
Mother of Bubble (Mother of All Balloons)
The growth in the US until the 95s is growing faster than the household wealth, and then there is a deterioration.
What do you think this is about?
This balloon of the central banks in the steps of the panic or deliberately taking this wealth forward, we manage a period of time and then we are facing a major crisis.
Why An Alternative Money System You need?
The main reason why there are many reasons is that the system we use is not balancing. Despite the fact that we are delighted with the flow of hot money during the period, we need to switch to a new system as it disrupts the balancing. We need to provide this balancing in different ways. Gold comes first in people's minds, but underneath you will bring gold to very high prices or you need to reduce the current trade volume. Even if you do it because the world trade volume is large, there is a problem: If a dent in the gold mine occurred this year, or the workers go on strike, we will leave the fate of the world economy in the hands of this. These problems grew too high to be solved by gold.
What is the place of crypto coins in this system from your point of view?
I think we have two ways ahead. In the course of the world, we are moving towards a change that can be frightening and positive.
According to Logard,
"States need to create crypto money as well."
He said. There are good and bad aspects of a state and the fact that the ball has crypto money.
Crypto coins Shunt Manukyan's Point of View
These:
Good sides:
- Using crypto money, we can eliminate black money and criminal elements.
- It can be used as a very good tool in tax collection.
Bad Points:
- In the hands of central banks, it has been a very serious tool for monetary policy.
- When we digitize money in the state; what we eat, drink, receive and sell information such as what we can sell is one of the most opposed to the effects of society.
Anonymous Feature Crypto Coins Why should the state not use it against its privacy?
”Why would a state push itself into its straitjacket from its own perspective?“
At the moment in any region, any country has the power to charge money when he says so much money press. Therefore, the state of gold to go to the gold standard and the state will bring to the point why. I think that all these discussions will be discussed with a new currency system with the reunification of Mother of Bubble.
Am Bitcoin we need to discuss here? Rather than X coins, can this system work properly? X
Because I think it will work:
- Why is Gold a safe harbor? Because gold is nothing that nobody can or can afford. So every time the inflation rises, there are discussions like gold going. When the inflation rises, the price of your house also increases the price of your car. In fact, inflation is just the currency adjustment.
- The beauty of Bitcoin is the fact that it is out of the system. The criticism coming here is if the state intervenes. Underneath it is not, but underneath it is the problem; I can send bitcoin to America right now, but I have problems like I can't send the gold.
”The price of society is so low that it's ballooned. Fiyat
I don't think a balloon can survive for 10 years. If it is a system that is still standing, it is proof that it is not. This is a justified critique; He was 17, he went down to 3 grand. I don't think there's a difference between 3,000 and 17,000. Thus, 17 thousand is not used in 3 thousand is not used.
“Is it available? Yes it will be used, so I think it will find its value. Kullan
Bitcoin will it fall or stop?
Next quarter; in fact it was December month, they shifted to the hearth.
”There are 2 major developments in terms of bitcoin and other crypto.“
- Bakkt project called the work of some large stock markets, as well as companies such as Starbucks - Microsoft has a project. Bitcoin currently has a financial problem; There is a futures market but no physical delivery. So you are buying and selling bitcoin, at the end of the maturity are clarifying or you are taking the profit in the maturity range are sharpening the money. CMB in the United States specifically EFTIn particular, one of the objections of the establishment of stock exchange investment funds is that there is not a healthy functioning market. So if an arbitrage occurs, there is no system to clear this arbitrage. Bakkt project ICE stock market is trying to open up the delivery of physical deliveries. I can buy from the term market with physical delivery and sell from any x, y or z platform and provide a balancing.
- Starbucks etc. If a place like this can be converted into dollars or euro and this system can be quickly converted to shopping, then we start to go beyond 0 even if it is not used to much value.
- If in America CMB now, if the stock exchange traded fund can be converted to many people, I'm going to take my wallet, stole, the stock market hacked, such as ideas that can be scary aside as a financial instrument can offer the demand.