It stinks and no-one in crypto land will get involved with their crappy coins.
That said I can see massive marketing efforts by these banks aimed at farming potential newcomers to crypto over to their schemes rather that Bitcoin etc. We will see how it all turns out.
Topic: Are the banks going to kick-out bitcoin with their new digital coin - page 4. (Read 2080 times)
November 01, 2017, 06:28:44 AM
November 01, 2017, 06:23:22 AM
Here comes the banks again screwing up whole blockchain and decentralized systems, crypto is what you call fighting against these corrupt banks and governments, yes these fools use this technology for their own profit, I hope me myself foremost and others do not trust these filthy banks and government tricks using blockchain, I hope they will never succeed to destroy bitcoin, and that they will faill in blockchain since this whole idea started just because they didnt want you in banks and governments !
Yes I agree with you that crypto currencies are fighting against these corrupt banks. And that’s why they do not like bitcoin and other digital currency. They have started a campaign in this regard to stop people buying and investing in bitcoin, because they want all the people to put their earnings in their banks. So that they would earn profit while using the people’s money in different sectors. October 30, 2017, 11:05:34 AM
The idea is "The coin will let the businesses and companies pay for securities without waiting for traditional money transfers".
Faster transaction that regular banking trans. Thats the way i see it but the essence of decentralized and anonymity is still missing. Business is business, banks are seeing that cryto is the new trend now and they need to adapt on that to survive. Maybe a good potential, yet we need to wait for further developements on this "utility settelement coin"
Faster transaction that regular banking trans. Thats the way i see it but the essence of decentralized and anonymity is still missing. Business is business, banks are seeing that cryto is the new trend now and they need to adapt on that to survive. Maybe a good potential, yet we need to wait for further developements on this "utility settelement coin"
October 30, 2017, 10:05:31 AM
They will definitely give it a shot. They'll start to adapt and use the same technology bitcoin is using for record keeping. I don't think they'll succeed though, because essentially they'll still try to centralize it among themselves. Instead of using users as nodes they'll still be using banks as nodes for their blockchain and thus they'll still control it.
October 30, 2017, 09:55:13 AM
No sane person would ever use a cryptocurrency made by a bank.
This completely defeats the purpose of cryptocurrencies which aim to be trustless, decentralized and (to a certain degree) anonymous.
Therefore it's safe to say that a bank shitcoin won't 'kick-out' anything.
This completely defeats the purpose of cryptocurrencies which aim to be trustless, decentralized and (to a certain degree) anonymous.
Therefore it's safe to say that a bank shitcoin won't 'kick-out' anything.
Yes, you're right. They will never replace the bitcoins and this would be a check mate for them. No one will return on a traditional type of transaction that relies on a third party and requires trust because we have now the technology and currently using it so why returning to the old ones? They're just wasting their time and money creating a centralized coins
October 30, 2017, 09:08:01 AM
It is up to them if they are going to make their own digital coin or if they will just stick with their fiat currency. If the banks will create their new digital coin then it is automatically supported by the government and if the government will become strict about their digital coin then they will force the people to dump their bitcoin and fully use their own digital coin. So it is always up to the government in my opinion.
How exactly would bitcoiners be forced to dump Bitcoin knowing what decentralization is really all about and that p2p transactions is ever possible? One of the reasons the adoption of Bitcoin have been on the increase, is because people have tested and seen the difference a decentralized money can bring to the table and I doubt anyone would be willing to go back to Egypt! October 29, 2017, 05:14:18 AM
I don't think it will be possible for bitcoin to be defeated just like that by any digital currency from a bank, come to think of it any bank trying to create a digital cryptocurrency has already betrayed the idea of cryptocurrency because it was made to be decentralized and autonomous of any external influence from banks and any government.
I don't think any sane person will not like to use any digital currency that belongs to any bank and the banks involved should be ready for the biggest scam of the century.
i think it is not possible that the bank kick-out the digital coin I don't think any sane person will not like to use any digital currency that belongs to any bank and the banks involved should be ready for the biggest scam of the century.
October 29, 2017, 05:12:18 AM
Yes, the banks but not all, have some planning to launch their own digital coin to bitcoin competitor.
Its not easy to kick out bitcoin from the first popular coin in this crypto world.
Banks will do the best to do it but not that easy..
Its not easy to kick out bitcoin from the first popular coin in this crypto world.
Banks will do the best to do it but not that easy..
October 28, 2017, 11:56:51 PM
I think banks cannot kick bitcoin out, this is just like what had happened before with gold, with the introduction of paper notes, the paper notes was backed up by gold, which has real value, i think what the banks may do is make bitcoin its reserve, since bitcoin' value will be on the rise, and the cryptocurrency that they have made, will need something to of value in the crypto economy, and that is bitcoin, i think when that time happens, it will be th time, we see that banks go hand in hand with bitcoin as well. What we can do now is watch, and see which banks will create their altcoins, and how they can survive with or without bitcoin.
October 28, 2017, 10:23:21 PM
I don't think it will be possible for bitcoin to be defeated just like that by any digital currency from a bank, come to think of it any bank trying to create a digital cryptocurrency has already betrayed the idea of cryptocurrency because it was made to be decentralized and autonomous of any external influence from banks and any government.
I don't think any sane person will not like to use any digital currency that belongs to any bank and the banks involved should be ready for the biggest scam of the century.
I don't think any sane person will not like to use any digital currency that belongs to any bank and the banks involved should be ready for the biggest scam of the century.
October 28, 2017, 10:08:41 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/
Actually, bank owner's would be worries of having crypto currencies spread widely and starting to be wild. They are worried if this could be a reason of losing their business, because banks are totally dependent to the people around. To anticipate this to happen in their business, they created a certain coins in order to stay alive and still can be a part of this new generation. 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/
October 28, 2017, 08:43:04 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/
So if news like this already appears, we just wait for bitcoin prices up to 100,000 USD, I will keep my coins in a very long timeLuigi 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 it so then all the nations will definitely prefer to their local paper currency. It is possible that may be the banks thinking of a huge scam, and in my opinion I will never accept any other bank currency instead of bitcoin.
I agree that it is impossible for any bank to kick out bitcoin and people will hardly accept coins from the specific bank, and i think it will not easy because the bank will apply a rule that is too complicated just to get the coin, while to get bitcon is easy and without regulation, which may also the profit not be as much as bitcoin. I also personally would not buy a coin issued by any bank because I prefer bitcoin
October 28, 2017, 08:04:07 PM
Its a smart move for banks to try an emulate Bitcoin. It may help fool the majority for a time thus prolonging the control the Central banks have on the world economy.
But as hard as the central banks try to look like Bitcoin they will never be decentralized. The most important part about Bitcoin.
But as hard as the central banks try to look like Bitcoin they will never be decentralized. The most important part about Bitcoin.
October 28, 2017, 08:03:50 PM
I think if banks will get involved in blockchain tech, they will have their own blockchains for their purposes. Which will be out of reach for normal people.
I can't see them buying some alcoins (if that's what you're hoping for).
I can't see them buying some alcoins (if that's what you're hoping for).
October 28, 2017, 07:56:36 PM
Banks aren't going to make their own coins, banks rely on people storing their money so they can make investments with said money. This would be very difficult to do with a digital currency that they have made and is the reason why they are against Bitcoin.
October 28, 2017, 06:55:32 PM
The banks can't kick Bitcoin out. This is a system that is completely out of their control, for once. The network is too strong to coerce now as well. It is impossible to shut down a system controlled by computers that are distributed in a decentralized manner all over the world.
Why can't more people understand this?
October 28, 2017, 06:37:45 PM
It is up to them if they are going to make their own digital coin or if they will just stick with their fiat currency. If the banks will create their new digital coin then it is automatically supported by the government and if the government will become strict about their digital coin then they will force the people to dump their bitcoin and fully use their own digital coin. So it is always up to the government in my opinion.
How exactly would bitcoiners be forced to dump Bitcoin knowing what decentralization is really all about and that p2p transactions is ever possible? One of the reasons the adoption of Bitcoin have been on the increase, is because people have tested and seen the difference a decentralized money can bring to the table and I doubt anyone would be willing to go back to Egypt! October 28, 2017, 02:58:40 PM
BTC has so many advantages that banks can go kick-out themselves with their currencies, digital or not. 
The only idea of modern banks is to take as much money as possible from everyone anyway.
The only idea of modern banks is to take as much money as possible from everyone anyway. 
October 28, 2017, 02:34:24 PM
If the ten powerful banks would be one to counter bitcoins there is hope. But if only one bank will fight against a huge Bitcoins it will definitely just be swallowed by that bitcoins price. So eventually the bitcoins will still be stable. And then there's a good reason why people prefer bitcoins. This is the decentralized bitcoins and our free use here. No one interferes with our actions and no one can control the likes and do not want to do it.
Well I agree with you it look like a joke for me I think it’s very hard to kick out bitcoin because bitcoin has now a very strong and hard position in market and bitcoin know how to fight with other crypto as we know when china banned bitcoin and the way bitcoin fight against fight china so that unbelievable so other crypto can’t replace bitcoin. 
October 27, 2017, 11:27:19 AM
The banks can't kick Bitcoin out. This is a system that is completely out of their control, for once. The network is too strong to coerce now as well. It is impossible to shut down a system controlled by computers that are distributed in a decentralized manner all over the world.
Why can't more people understand this?
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