Are the banks going to kick-out bitcoin with their new digital coin - page 3.

voltesbit777

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Quote from: zycrypto on September 03, 2017, 04:40:36 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/

I don't that banks has a capability to kick out bitcoin. What happens then, the bank is a centralized company
system while Bitcoin is a decentralized system where no one can control it... So whatever they create tokens it will still
be centralized always bear that in your mind.

cybernetik7

sr. member

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Banks can't stop the world using bitcoin, because people who hold bitcoin wouldn't accept a bankcoin. It may partly be accepted by some individuals. People prefer bitcoin because it is decentralized and that is something that any bankcoin might not be.

LastHope99

newbie

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Banks will rather buy the already existing coins, exchanges, technologies. That's already happening, so they don't even need to invent or create something. Every tool is already available; just buy and then control it Wink

KrishaBitcoin

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W12 – Blockchain protocol

This clearly shows that banks are not really against Bitcoin or the Crypto currency as they are not just supporting it but they make themselves a rival to Bitcoin existence in which for me is a very ambitious goal that with this development they will just make people to invest more on Bitcoin. Hopefully they will start this as soon as possible as i'm exited with the outcome.

@Mhaiang

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W12 – Blockchain protocol

How about ripple? I think this cryptocurrency is a currency that is backed by banks in the world, right? But still, bitcoin remains to be the most dominant crypto in the cryptoworld and whatever crypto these banks will create will surely not affect bitcoin.

AimHigh

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I don't think that banks kicking out bitcoin but I think that idea of improving or updating technology/digital is to adopt cryptocurrency because here in my country some of banks was now embracing and accepting bitcoin so I don't think that they Wan to kick out bitcoin but to adopt it. Banks was in the middle of war between of them and blockchain or cryptocurrency if they didn't think how to adopt it they lost everything so that now they are thinking how to adopt cryptocurrency.

Cryptoreflector_666

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Quote from: Aleksabit on November 11, 2018, 05:43:43 PM

Why won't they just use bitcoin itself rather than creating a new coin to do the things that bitcoin can already do? It's such a waste of time, effort and money to make a coin and try to "rival" other cryptocurrencies. If their focus is on trades and instant transactions, then just use bitcoin.

I think that their attention is focused on the capture of the market and the monopolization of the cryptocurrency as a whole. They just do not understand that the finished tool has a completely different structure of use than the Bank. If something more interesting enters the market, it will simply go bankrupt.

Cryptoreflector_666

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Quote from: zycrypto on September 03, 2017, 04:40:36 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/

Apparently this person does not understand that competition is the engine of the economy. Creating competition with its banks, it only creates good conditions for the development of bitcoin in a competitive environment. In any case, we will play only a plus. The more coins of the bitcoin type the better for the market as a whole.

Aleksabit

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Why won't they just use bitcoin itself rather than creating a new coin to do the things that bitcoin can already do? It's such a waste of time, effort and money to make a coin and try to "rival" other cryptocurrencies. If their focus is on trades and instant transactions, then just use bitcoin.

tomhutchinson

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Activity: 37

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Quote from: valmon on November 01, 2017, 11:10:28 AM

Bitcoin is going to ‘Amazon’ the banks. Bitcoin is is a way to remove the third party from financial services. Just like Amazon to retail. Amazon comes in and they go direct to consumers. [This is going to be] the ‘bitcoining’ of the banks, said Brain Kelly.

This is new level of popularity of Bitcoin.

yes bitcoin is Future bank and market cap can be more than 10 T fast.

all will use it as investment like gold now

tomhutchinson

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Quote from: zycrypto on September 03, 2017, 04:40:36 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/

if bank will make p2p coin that mean they close them doors else bitcoin will be better

cipher-x_09

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I don't they have the authority or power to do such thing as they please it to be, it's possible for the central banks of the country if the government support their claims. But as far as lone bank no matter how powerful or influential they can be they could not do such things because it is beyond their capabilities.

tegarp90

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no. bank will be bankrupt because bitcoins and another cryptocurrencies overcome them. lol

MarthaEllis

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No serious crypto-enthusiast would trust a coin launched by a bank, unless it had tremendous utility value. And besides, Bitcoin has far too much of a head start to ever have a Big Finance crypto ever topple it. Much more likely that ETH or IOTA (in an IoT-enabled world) would bring it down.

twinkleakki94

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Yeah, the only way banks could kick out Bitcoin is if all governments banned it in the future to reestablish a fiat-run economy. Other wise, I'm looking at ETH, LTC, XMR, maybe XRP - these coins are the future along with whichever ICOs make it big (mostly probably the ones built on Ethereum blockchain)

Andreas888

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If the banks create a currency, then it will definitely be pre-mined, and will be more centralized than any other crypto out there. this goes against the fundamental nature of cryptos, which is decentralization without a controlling authority. In my opinion, the only thing that could kick out Bitcoin is a crypto with more features and real world applications, ETH or IOTA or even the high-powered retail tokens like NucleusVision and AppCoins.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: Usui-Chan on November 01, 2017, 06:54:01 AM

Will all due respect, these bank will issue some interests on their "bitcoin" whilst centralizing them. I don't think people would choose that over the liberty of using bitcoin, which is everywhere.

Some may still choose them, there's some people who would choose over bitcoin because of its decentralized feature and given the freedom away from the authority.
But, people who joined bitcoin community merely for "profits" and "money" could simply switch over to banks' digital currency by their interesting offer and centralized might not be a problem here.

Usui-Chan

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Will all due respect, these bank will issue some interests on their "bitcoin" whilst centralizing them. I don't think people would choose that over the liberty of using bitcoin, which is everywhere.

olubams

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The banks with their effort would only contribute to the increasing awareness of bitcoin because by the time they are launching their campaigns of their digital currency, there is no way reference would not be made to bitcoin and for someone who is seeing it for the first time would want to know the origin of such and thereby find his way to bitcoin. Understanding the real thing about bitcoin will surely make anybody pick bitcoin above any other digital currency.

noictib

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Quote from: zycrypto on September 03, 2017, 04:40:36 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/

I don't think these are fully true because I heard about the launch of blockchain technology like the bitcoin have by big banks shared supports but that didn't worked well at that time and now they were trying to make again that project ( new start of blockchain technology comes in the last of the last year ) .
But I don't think that they will kick out another coin , Because coins have the value in the internet world because of the only reason that they have trust in the people , so if the those new coin will be more trusted and better for the people then surely they will go toward those coins but here most of the trader will look at new Coin like altcoin only and will make use for the trading only like altcoin .
And the king that bitcoin will remain king , Because bitcoin have big supports of the users .

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