Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Rabia on August 22, 2018, 08:09:36 PM

Title: How Bitcoin hits the national currency system?
Post by: Rabia on August 22, 2018, 08:09:36 PM
Recently, I have read some introductions about bitcoin and other p2p currencies. I still don't understand them. I may be unaware of myself, or some do not understand the principle of their specific impact on the national currency.
Title: Re: How Bitcoin hits the national currency system?
Post by: Alcor on August 22, 2018, 10:32:10 PM
Recently, I have read some introductions about bitcoin and other p2p currencies. I still don't understand them. I may be unaware of myself, or some do not understand the principle of their specific impact on the national currency.
Bitcoin and other decentralized crypto currency can only go in parallel with the national paper money of various states, but do not replace them. Since this crypto currency will distract a certain number of people, in this plan it can be said that the crypto currency will squeeze out some of the national money.
In general, decentralized crypto currency is created in order to create an alternative payment system that would work in the interests of ordinary people and allow them at any time without the participation of third parties, that is, state structures and banks, to transfer money relatively anonymously anywhere in the world.