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Topic: Anyone realize about this? three BIG banks in three different continents are ... (Read 1472 times)

legendary
Activity: 1442
Merit: 1014
I can feel another 2015 award building here with Andreas already co leading with Gavin, and Satoshi third

Nice you realized. Cheesy Wink
No serious. You can not deny Andreas knows what he is talking about. But can he predict the future of Bitcoin and blockchain tech and how it will evolve in the future or what banks or going to do except the news we read the last weeks, and if it will work or not? Of course not! No one can.
So I don't know what you will do but I will follow the whole thing and watch it. Time will tell.That's it.
legendary
Activity: 1344
Merit: 1000
I can feel another 2015 award building here with Andreas already co leading with Gavin, and Satoshi third
legendary
Activity: 1512
Merit: 1000
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

Sure thing. Blockchain technology is a great stuff for the banking industry. Bitcoin itself is a nuisance Smiley.
legendary
Activity: 1442
Merit: 1014
They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be

thanks for the link, Denker. Enjoyed the full length of the video. Andreas is the man!

You're welcome mate. Wink
Found it in the press section.
sr. member
Activity: 282
Merit: 250
They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be

thanks for the link, Denker. Enjoyed the full length of the video. Andreas is the man!
legendary
Activity: 1344
Merit: 1000
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be


the Video is Andreas the Author of Mastering Bitcoin

and I don't think Andreas quite knows how big the world of Drugs is,

its Gigantic and it probably has an economy bigger than the United States

not even including Alcohol or prescription drugs,
 

He knows quiete well. In several of his videos he said that drugs are 2nd most traded commodities after food.

its way more than food, food would be well down the list after military housing oil drugs prositution

Yeah what ever you say man.
Fact is AA knows!

if your being sarcastic thats really funny

if not  Kiss
legendary
Activity: 1442
Merit: 1014
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be


the Video is Andreas the Author of Mastering Bitcoin

and I don't think Andreas quite knows how big the world of Drugs is,

its Gigantic and it probably has an economy bigger than the United States

not even including Alcohol or prescription drugs,
 

He knows quiete well. In several of his videos he said that drugs are 2nd most traded commodities after food.

its way more than food, food would be well down the list after military housing oil drugs prositution

Yeah what ever you say man.
Fact is AA knows!
legendary
Activity: 1344
Merit: 1000
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be


the Video is Andreas the Author of Mastering Bitcoin

and I don't think Andreas quite knows how big the world of Drugs is,

its Gigantic and it probably has an economy bigger than the United States

not even including Alcohol or prescription drugs,
 

He knows quiete well. In several of his videos he said that drugs are 2nd most traded commodities after food.

its way more than food, food would be well down the list after military housing oil drugs prositution
legendary
Activity: 1442
Merit: 1014
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be


the Video is Andreas the Author of Mastering Bitcoin

and I don't think Andreas quite knows how big the world of Drugs is,

its Gigantic and it probably has an economy bigger than the United States

not even including Alcohol or prescription drugs,
 

He knows quiete well. In several of his videos he said that drugs are 2nd most traded commodities after food.
legendary
Activity: 1442
Merit: 1014
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be


the Video is Andreas the Author of Mastering Bitcoin

Yepp. In this video he is explaining pretty well the actual situation about "Blockchain technology" and what are companies and banks are trying to do.
legendary
Activity: 1344
Merit: 1000
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be


the Video is Andreas the Author of Mastering Bitcoin

and I don't think Andreas quite knows how big the world of Drugs is,

its Gigantic and it probably has an economy bigger than the United States

not even including Alcohol or prescription drugs,
 
member
Activity: 67
Merit: 10
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

As much as I love bitcoin I really cannot see it being a direct or genuine threat to their monopoly and most certainly not within our lifetime. I'm sure they can learn something from it or bitcoin might make them change their ways in certain aspects of their business model but people will always need banks and loans etc.
legendary
Activity: 1442
Merit: 1014
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.

They will look for a centralized solution of Blockchain. Nothing innovative then.
I recommend to watch this video for everybody.

https://www.youtube.com/watch?v=HlmtUEQ3Bc8&feature=youtu.be
sr. member
Activity: 322
Merit: 250
Banks probably have a worse reputation right now than at any other point in history.  People only put up with them because they don't think there's an alternative.  They don't need to "wake up and realise" anything, they just need to see something that works and provides a practical benefit and that's what we're working towards.

Also most people don't give a crap about anything important, which is why everything is celebrity gossip and reality tv these days.  That doesn't mean we should stop doing what we're doing and it doesn't mean we aren't going to see a surge in use in the future.

Your post also assumes the global economy getting better, but not all of us see that happening.  Since banks now have their dirty little fingers in so many pies, all it takes is for a few markets to take a downturn and they're suddenly in deep financial trouble.  If more bail-ins like Cyprus happen, you can bet people won't be prepared to tolerate that and will be looking for a way out.
Even if banks have a worse reputation right now than any other point in history, banks in general still has a better reputation than bitcoin. The current bitcoin doesn't provide a practical benefit for the majority of the people.


people don't give a crap about centralization either, you are really naive if you think otherwise, they just use banks to store money because they are accustomed to it there is no other reasons, the humanity is lazy animal, they want everything ready, don't like big change and other lazy things like that.

bitcoin success isn't a thing that a man can achieve, it need time/adoption and the fix of numerous weaknesses(like 51%, various unknown bugs in the client, ecc...)
No, they don't give about centralization. I never said they did. You're falling into the logical fallacy of assuming the converse is always true.

Your point that humans are lazy is exactly the point I was trying to make.
I don't think bitcoins are 'delusional to "decentralized" hype'. Sure it is a benefit to most here but that's not the only selling point. I think you have to admit it really has the potential at least to shake up the current banking system or payment processors. There's also a multitude of uses for it as an alternative currency and remittance tool.

I also agree that it's not the only selling point. In fact, I would say it is the biggest disadvantage and obstacle in an otherwise great technology.

Look, I think you guys are misunderstanding my point. I'm not saying bitcoin will fail. I'm saying if people keep thinking that bitcoin will succeed without anyone doing anything because decentralization is so freaking amazing, they're being delusional. For bitcoin to succeed, there needs to be thousands or tens of thousands of people working hard to make it more usable, more secure, and bring benefit to the average person. It won't succeed just because it's decentralized, and there is a long and tough road ahead. It's not hard for banks/governments to make the media write negatively about decentralization and telling people they need banks and the government, and given how stupid/lazy normal people sheep are, they'll just believe it without researching anything themselves.

It's a really tough road, and we should be doing all we can to get it going, to make it go mainstream, if we really believe in this technology. Because it's not going to that by itself.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
And UK gov is providing 10m pounds for research on blockchain technologies and cryptocurrencies. They've included bitcoin in their fintech report for 2015 too. Smiley
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
It's unfortunate so many bitcoiners are delusional to this "decentralized" hype. 99.999% of people don't get a pile of elephant feces about decentralization. No one cares. As far as they're concerned, big banks are a lot more trustworthy than some anarchist internet nerds.


Do you really think that people will one day wake up and realize how glorious decentralization is and how it will solve all of the world's problems? Please.


If bitcoiners actually thought about things from an objective and realistic perspective, and took steps to ensure bitcoins success, I think bitcoin has a good chance. But if everyone is so delusional, then bank or government crypto is going to completely overtake bitcoin, and bitcoin will either die or just used by a few anarchist/libertarians.

When central bank fiat fails, yes they will.
legendary
Activity: 1442
Merit: 1014
AISI, bitcoin is a decentralised system while fiat is centralised. There no doubt is a plethora of systems in between those two extremes, just as there is between arrays and linked lists. Governments, banks. firms etc will find the systems that best fit their own purpose. It won't be bitcoin but so what? They don't, in general, want a totally decentralised system. They want to have some control over the system, and that may be a selling point (many think that state control of their dosh is a good thing, or is better than no control at all, as they see it).  Satoshi let the cat out the bag, only it's not just one cat but a whole clutter of them and there's nothing to stop them from breeding.

Not some control.They want ALL the control! They do not want competition. 'Cause competition in finance means a cut off profit margin losing market shares and losing power over nations and societies.
full member
Activity: 184
Merit: 100
Bitcoin FTW!
I say they do it to get to know their enemy better. Also, I think they are more interested in blockchain technology then BTC.
This would be my bet also, but they can't do anything without bitcoin, blockchain technology is only strong and secure because of so many miners.
Q7
sr. member
Activity: 448
Merit: 250
Like they say if they don't adapt, change and enhance their technology to catch up with the latest trend, eventually their monopoly is going to be disrupted. But looks like they are more interested in adapting blockchain technology into their own systems rather than bitcoin itself.
full member
Activity: 172
Merit: 100
Three big banks in three different continents (New York, London and Singapore) are actively exploring blockchain technology.

what say you?

Well if they were smart I should think they would at least be looking at it. Its a fantastic technology and I'm sure they're looking on how to capitalize on it. It's not just the banks that are exploring it either with corporations like IBM and a few others trying to adopt the blockchain technology or create their own. I think it will become quite influential over time.
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