Topic: Are the banks going to kick-out bitcoin with their new digital coin (Read 2080 times)
December 12, 2018, 06:15:37 PM
Banks disapprove of the cryptos because altcoins are made to resolve all the flaws and negative sides of Banking system. BTC is everything that the standard banking system is not and vise versa. If the banks make their own coin, it will still have the same core and algorithm as any altcoin. I believe that they will simply adjust it to be suited better their needs and goals. I don't see this as a bad thing, I see it as a compromise to make BTC easy access and more approved and used by the masses. This is a support to BTC by the banking system, in a way. I believe that it will be a good step forward.
December 12, 2018, 02:52:35 PM
it might happen because the bank really hates crypto, so the bank plans it by making new coins to get rid of bitcoin and other crypto, but it must be very difficult for the bank. and I'm sure of that
if they still use the crypto algorithm, they will still be included in the altcoin group, maybe they will form their own caste by trying to create stable coins, but bitcoin will still be the most popular because they cannot separate the volume between bitcoin and break down into their coins . 
December 12, 2018, 02:26:21 PM
it might happen because the bank really hates crypto, so the bank plans it by making new coins to get rid of bitcoin and other crypto, but it must be very difficult for the bank. and I'm sure of that
December 12, 2018, 02:06:59 PM
It's easier to say then to do.
By now Bitcoin has gained many supporters, value and usage in real life and all this didn't come over night.
Banks can issue their own cryptocurrencies, as well as governments or any other institutions but this still doesn't mean they will be successful and accepted.
To my opinion to get some serious competition for Bitcoin would be extremly hard and I don't think that at the moment anyone can make something like that. Even now when the price is low and if this continues Bitcoin can't be moved out of the crypto scene.
By now Bitcoin has gained many supporters, value and usage in real life and all this didn't come over night.
Banks can issue their own cryptocurrencies, as well as governments or any other institutions but this still doesn't mean they will be successful and accepted.
To my opinion to get some serious competition for Bitcoin would be extremly hard and I don't think that at the moment anyone can make something like that. Even now when the price is low and if this continues Bitcoin can't be moved out of the crypto scene.
December 12, 2018, 01:59:17 PM
The banks can only try but it's a known fact that they can't kick-out Bitcoin at all. The banks only decided to float their own token after getting to know about Bitcoin thus I classify their coins/tokens as nothing.
December 11, 2018, 12:51:28 PM
We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain cryptocurrency project,which first launched in 2015, which is said to aid them in settling transactions over blockchain.
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.
Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.
Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/
I just want you to know that bank was being categorized in centralize form of system dude, while Bitcoin was a virtual currency which is
decentralized system applied in the market. Meaning, even they do that it won't work in my opinion.
December 10, 2018, 06:02:08 PM
I have confidence that the bank will someday run with bitcoin and also the cryptocurrency they created. because crypto is currently inevitable and banks must accept it, before they end.
December 10, 2018, 05:53:26 PM
Bitcoin is making banks irrelevant.
The days of debt based fiat currencies are doomed.
Banks and governments will be forced to adopt honest, accountable, trustless currency like Bitcoin.
Paris is burning!
The global revolution is beginning.
Many don't realize it yet, but the revolution is Bitcoin.
The days of debt based fiat currencies are doomed.
Banks and governments will be forced to adopt honest, accountable, trustless currency like Bitcoin.
Paris is burning!
The global revolution is beginning.
Many don't realize it yet, but the revolution is Bitcoin.
December 10, 2018, 05:16:45 PM
Sooner than later, banks will realize cryptocurrencies have weight and acceptance so far because $Bitcoin exist! It is even so obvious from the fall in the price of $Bitcoin, we see altcoins gasping for breath! and who tells the banks their own coins can survive if $Bitcoin dies? their coins can never be taken serious/trusted nor adopted by anyone! people prefer freedom from being subjected to things against their wishes. They can not kill or stop $Bitcoin with their shit coins.
December 10, 2018, 03:59:07 PM
Cryptocurrency are made for the people!
Bitcoin is the first cryptocurrency and this coin is giving the rights to every people in the world.
It is the way to get out of the manipulation of government and banks, and then we are going to crypto that control by banks?
then this is useless, we should just stay with FIAT then!
Bitcoin is the first cryptocurrency and this coin is giving the rights to every people in the world.
It is the way to get out of the manipulation of government and banks, and then we are going to crypto that control by banks?
then this is useless, we should just stay with FIAT then!
December 10, 2018, 02:20:57 PM
Some will create their own while others will use ripple. Either way crypto currencies are here to stay. As long as their creation can be traded against bitcoin then it will benefit this community
Hey no bank can ever create a coin that can destabilise cryptos, as banks coins will always be centralised coins they can never be decentralised. The so called bank coins will always be subject to manipulation, and will be run at the whims of their officials, and public shall never accept such a coin. Everyone loves cryptos cause it's decentralised, has lower fees and requires virtually no documentation hence cryptos shall always stay.
December 10, 2018, 01:15:55 PM
Banks can't kick out bitcoin with their own digital coin because people are not going to adopt the digital coin from.banks.The reason is,people are interested in blockchain because of the decentralized system of bitcoin.
People knew from the beginning that bitcoin is made to ensure people are not subjected to extortion, high bank charges and as well give people the power to determine their fate on financial sector.So,banks displacing bitcoin will be impossible because people knows that their financial freedom will be tampered with once digital coin from banks is adopted.
People knew from the beginning that bitcoin is made to ensure people are not subjected to extortion, high bank charges and as well give people the power to determine their fate on financial sector.So,banks displacing bitcoin will be impossible because people knows that their financial freedom will be tampered with once digital coin from banks is adopted.
December 10, 2018, 12:54:02 PM
Some will create their own while others will use ripple. Either way crypto currencies are here to stay. As long as their creation can be traded against bitcoin then it will benefit this community
December 10, 2018, 09:31:41 AM
We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain cryptocurrency project,which first launched in 2015, which is said to aid them in settling transactions over blockchain.
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.
Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.
Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/
If this will happen then in the future the value of bitcoin will double it's amount.
December 10, 2018, 09:19:20 AM
If many banks join that cryptocurrency, maybe they can get it. But the difficult thing when the banks try to gain ground in our subject, decentralization. This is in danger, I hope they do not achieve great control.
When many banks join to make cryptocurrency, they will definitely promote their creations with legal and safe labels. On the other hand, bitcoin will face many obstacles because the bank's cryptocurrency is more dominant in its area. Fortunately bitcoin doesn't depend on the bank, so it doesn't feel too much of an impact. November 22, 2018, 05:36:30 PM
The banks already have their own kind of cryptocurrency - this is the payment asset Ripple. But for the whole society this is not a full-fledged cryptocurrency, because its emission is controlled and centralized. Bitcoin from this point of view is a more democratic coin, although it has many drawbacks.
November 18, 2018, 08:53:03 AM
This is not possible bitcoin is unique and the king of the Cryptos, the banks can have theirs but can kick out bitcoin that will be very difficult.
I don't even think that banks will have their own cryptocurrency. while their system is not decentralized like cryptocurrency? and bitcoin will not be easily beat and kicked. because bitcoin is unique, most trusted of all crypto, and many other reasons
November 18, 2018, 08:02:00 AM
Bitcoin has topped the cryptocurrency world for a very long time and it won't be an easy task for any other coin to displace it from its throne.
it also requires a very long process and time, if the bank wants to kick bitcoin with their coins, banks inevitably have to be able to exceed the quality and sophistication of bitcoin. but I'm sure it won't work because bitcoin has become the most popular coin to date. 
November 18, 2018, 05:07:35 AM
We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain cryptocurrency project,which first launched in 2015, which is said to aid them in settling transactions over blockchain.
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.
Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.
Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/
Quite promising but it seems not that strong enough for me. Remember that one of the main reasons why people use bitcoin (especially before) is to free themselves from the regulations of banks. So I don't really think that they can beat bitcoin in its spot in this industry. Cryptocurrency is really a large playground of different coins so this newbie will make its reputation but we can't say any more unless it prove itself in the market. Until then, let's just focus more on our strategy and watch out for this new competition.
November 18, 2018, 03:10:35 AM
This is not possible bitcoin is unique and the king of the Cryptos, the banks can have theirs but can kick out bitcoin that will be very difficult.
Jump to: