[2014-10-130] Banking Elite Meet in Washington To Discuss Bitcoin Threat

CoinMode

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Quote from: sed on October 13, 2014, 09:40:11 PM

A meeting that took place on the 130th of October. Wow!

So what was the recap?

We don't have a recap yet. Come back in 115 days and ask again.

101111

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Hopefully some of them will be smart enough to see it as an opportunity, not a threat.

sed

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A meeting that took place on the 130th of October. Wow!

So what was the recap. Surely the banking elite aren't going to tell us if they actually feel threatened.

igl00

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i dont think BTC is that big yet for them to discuss so much

Miracal

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They realised the bitcoin threat to them now. If they don't be proactive, they will lose to cryptocurrency in the competition. They could embrace cryptocurrency or build their own and should find a way.

Chef Ramsay

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Quote from: 2dogs on October 13, 2014, 03:27:59 PM

Quote

Regulations, like the infamous “BitLicense” being proposed in Ne York State by Ben Lawsky, may be the current financial system’s ace in the hole. If you can’t beat Bitcoin, make it illegal, or useless, through regulation.

Desperate people do desperate things.
What this dying legacy banking system needs to understand, is that their attempts are too little, too late.
The genie is out of the bottle.

And, if the USA wants to go that route it'll just make their growing list of enemies more interested in participating to some extent in something which is a negative to the USA. In the end, my guess is that the elites will want it and they'll make it seem like garbage to the masses, if and when they report on it, to the point that when the price takes off - very few of the fiat bagholders will be in a position to buy any meaningful amount. Let's face it, the elders and those nearing retirement are the ones in this country (besides elites and their sidekicks) that have a nest egg of sorts while the majority of people whether working or not, are living paycheck/welfare check to check. Those people will likely be locked out of gaining value out of a growing Bitcoin except that they'll likely want it to buy things for cheaper or for things that only sell for Bitcoin in the future.

2dogs

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Quote

Regulations, like the infamous “BitLicense” being proposed in Ne York State by Ben Lawsky, may be the current financial system’s ace in the hole. If you can’t beat Bitcoin, make it illegal, or useless, through regulation.

Desperate people do desperate things.
What this dying legacy banking system needs to understand, is that their attempts are too little, too late.
The genie is out of the bottle.

bitsmichel

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It doesn't have to be a threat for them, they could buy a lot of btc.

botany

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Not long ago, they were dismissive of Bitcoin.
At least now they acknowledge it as a threat.

Paladin69

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Always trust in JamieDimonCoin

101111

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https://www.cryptocoinsnews.com/banking-elite-meet-washington-discuss-bitcoin-threat/

Topic: [2014-10-130] Banking Elite Meet in Washington To Discuss Bitcoin Threat (Read 5127 times)