Good Question-Good Answers

In Part 1 of the "Good questions - Good answers" event, Remitano found the second "Best Question".

Congratulations to "dean01oreoluwa", trader with the question: " Will the role of the traditional financial system decline due to the recent development of cryptocurrencies? "

In Part 2, join in answering the above question by commenting right now on this article to have a chance to get TOTAL REWARD UP TO 270 USDT !!!

Time of participation: June 19th -- July 2nd, 2020

The result will be announced on July 3rd, 2020

"Good questions - Good answers" - where you can freely express all the questions, concerns, or difficulties that are causing you a headache and immediately receive answers from the crypto loving community in Remitano. We believe that starting with the right question will have the right answer and from there, lead us to all the right investment decisions.

The activity consists of 2 parts:

Part 1: Ask questions by commenting on this article. A good question selected by Remitano will receive gifts from us and become the official question in part 2 - Answer
Part 2: Answer by commenting on the selected question. The 2 best answers selected by Remitano will receive gifts.

How to join:
Step 1: Share your post on Facebook publicly with Hashtag #Remitano #GoodQuestions_GoodAnswers and join Remitano group.
Step 2: Comment the answer to this question right below the article, then click the "Share to confirm" section to follow the instructions.
Stage 3: Screenshot your sharing proof; Click "Share to confirm" button, and Upload your screenshot photo.

Prizes:
2 answers selected by Remitano as "Best Answer" will receive a reward of 30 USDT / prize.
Criteria:
The answer must be straight to the point, meaningful, and practical.
Note:

If there are 2 answers with the same content, the first posted comment is valid. The following sentences do not count.
You should check your text and writing style, spelling and grammar problems carefully; questions should not mention sensitive issues such as race, religion, politics, or any illegal acts. Questions that do not meet this standard will not be approved.
Each participant is allowed to comment only once.
The 30 USDT reward will be added directly to Remitano wallet within a week after the results are announced.

コメント (16)

ゲスト

raqibhabibullah

6年前

Of course it will decrease! The importance of cryptocurrencies will grow in the future. Cryptocurrencies are the currencies of real free-market economies. Their future depends on the confidence they inspire consumers. The blockchain technology, though background technology, which would not be recognized that bitcoin did not gain popularity, has a bright perspective. As long as the transaction costs are lower than the cost of payment transactions, the rational behavior requires that we should encourage the utilization of cryptocurrencies in order to reduce the costs of the transactions when paying and to overcome the existence of an intermediary.

imj_black

6年前

NO. Cryptocurrencies are NOT a recognized form of monetary exchange by any Government on the planet earth. “IF” they ever become so, every single one of those governments will immediately institute a taxation program to skim off as much profit as they do with standard taxation across the board in our universe today. At the end traditional financial system and crypto currency would stand side buy side . Where its legal

leiinad

6年前

People need their funds, their value to be safe. People need to transact without possibility to have funds freezed or to be blacklisted by banks. Banks are executing people control and they can interfere with your holdings. For this reason it’s normal that bitcoin, which is censorship-resistant and neutral, gets seen as a safe alternative and a way to hold value in the safer way. It is also clear that banks, which are hands of governments and politicians, will do what ever they can to keep on having control and power. So i think that they will find a way to maintain their power in some way because from that, depends the power of politics and its corruption.

godgrace1

6年前

No, the role of the traditional financial system will not decline due to the recent development of cryptocurrencies, because, While cryptocurrencies may not pose a serious threat to traditional financial system, they may have the potential to be serious competition for traditional financial system in the longer term. This is similar to the kind of competition that financial institutions like(BANKS) faces today from Financial technology companies (FINTEC), including payment processors like PayPal.

younggovernor34

6年前

Cryptocurrency now plays as a speculative role in the financial market. People may expect cryptocurrency to replace the role of some sovereign currency if those currencies do not satisfy the following roles (1)to preserve the value of hard working accumulation (2)to be a stable currency with important international currency (3)have some specific role in some specific transactions, such Blockchain for trading or for value-preservation. In the long run, I think cryptocurrencies may replace many not that good sovereign currencies if the above criteria do not meet.

alexpeterson

6年前

I think that cryptocurrencies are the next generation of money. In fact, cryptocurrencies developed on blockchain platform are perfectly suitable for digital age. There are many problems with cryptocurrencies national and international regulation, but it seems to me that is process goes on. Many subjects already addopted cryptocurrencies and it's matter of time when cryptocurrencies will prevail over traditional money. Consequences? Consequences? Nobody knows exactly! It seems to me that we can expect new financial system very soon.

ugospecial

6年前

I do not think that will happen in the foreseeable period, perhaps in decades. This will be possible depending on the national economic system and its policies, developed countries may show some effects indeed to expand cryptocurrencies in its economy. But for developing and emerging economics that will take longer to reflect any changes.

perrie

6年前

visiblemoney

6年前

The roles of the traditional system will drastically decline when the global framework for the adoption of cryptocurrencies are fully embraced. The traditional system is massively influential at the moment because it is a regulatory instrument of sanctions, trade and control reposited in some institutions of the State contrary to the decentralized systems that blockchain technology has brought with its new global money order. With the later, taxes, bonds, bills, revenues, social networking, distributions, investments etc can be deployed easily thereby eliminating and redefining the existing structures of institutional regulator or agents, for a secured and close to zero-cost regime that keeps throwing large weight behind the economic relevance of Cryptos that will eventually make world perfectly cashless.

lorettachinasa

6年前

I think that the short answer is yes, the concept of cryptocurrency is a threat to current banking systems. But, we are far far away from the days when the modern banking system would be replaced by crypto ATMs and transactions. Cryptocurrency is based on the distributed ledger technology powered by blockchain.

Good Question-Good Answers

In Part 1 of the "Good questions - Good answers" event, Remitano found the second "Best Question".

In Part 2, join in answering the above question by commenting right now on this article to have a chance to get TOTAL REWARD UP TO 270 USDT !!!

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