Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ChixHunter on September 02, 2018, 03:18:16 PM
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These questions have been bothering me for quite a while now. Sorry if this has been discussed before. You opinion is highly appreciated.
- Financial institutions and businesses aim to adopt blockchain but isn’t this technology supposed to replace intermediaries? How can FI / businesses and blockchain co-exist?
- If one is still obliged to pay transaction fees to miners / nodes, doesn’t it make them intermediaries and how is this different from conventional payment system from the customer's point of view?
- Suppose I want to accept BTC or other digital currency for my services / products. Do I update the price in BTC on hourly / daily basis? What about NET 10, 30, 60 invoices? Is there a workaround for market volatility?
- Compatibility: In the world of tomorrow how will all those numerous tokens and blockchains interact? Will we have to keep track of multiple wallets for taxi, utilities, medical services, e-sports, etc, will coins convert seamlessly or will they be governed by a mother blockchain? What are your thoughts?
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Financial Institutions are trying to cut costs and the computer is great at it
The miners take over banks job of veryfing and validating the transaction, and in the future the "fee" may be non existent
the workaround is a stable coin -> USDT us dollar thether is an example
ICO is like an ipo (stock market) so imagine high demand for particular service that the tokjen stnads for driving its price higher due to demand or if lack of driving it down making the service cheaper and so forth ....
exchange of all those tokens will be easy and hassle free
btw what everything has in common ... energy ... and i belive it is going to be the futures most common currency