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Topic: Are the banks going to kick-out bitcoin with their new digital coin - page 5. (Read 2103 times)

full member
Activity: 381
Merit: 101
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.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
Sorry guys. We're "kicked out". Go back to bending over to receive your bank money.

Bank coins.  Roll Eyes WTF do you think we made bitcoin for? We had bank coins, they are called dollars.
member
Activity: 364
Merit: 10
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 this happens then there'll be a war between centralized and decentralized system lead by Bitcoin!
hero member
Activity: 2590
Merit: 644
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.
sr. member
Activity: 462
Merit: 250
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.
hero member
Activity: 1134
Merit: 517
if all banks make one coin , yes will be kick-out bitcoin , but if every back make one coin to each , there is no sens of it i think

No. You don't get the point here. Bitcoin's major selling point is its decentralized nature. It allows people to store wealth, transact, communicate, store data, etc, all that outside the reach of banks and governments. It offers people a way to escape this broken system that only leads the far majority of the people to poverty. Governments and banks can come up with as many crypto currencies as they want, they will never be able to even slightly harm Bitcoin. If people didn't care about Bitcoin and its insanely powerful network, they would have jumped over to another coin years ago already. From there it's safe to say that even non banking and governmental issued altcoins will never have the chance to come even close to what Bitcoin is right now.
Put in another way, Bitcoin gives people freedom from those banks and their masters - the governments, their callous interest rates and commissions. One does not have to look too far to see why they're whimpering - almost all the money now in cryptocurrencies, used to be in their vaults, which they used to create mindless credits over credits that got us in the financial crises we've been in, but that party is now coming to an end. Even a blind can tell when there's no salt in a soup, even so Bitcoin, representing the cryptocurrencies, is like a salt, anyone that tastes it, knows the difference and ever look back!
sr. member
Activity: 254
Merit: 250
There's no way. The entire point of bitcoin is that you will no longer be in the power of central banks. There is no reason for users to play into their hands once more. They're wasting their time.
full member
Activity: 294
Merit: 101
Streamity Decentralized cryptocurrency exchange
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/
the bitcoin is good now so i think we can add more coins but i dont it will kick out the first coins and one more thing it cant be similar in bitcoin if they create a coins because that is not acceptable that is a bad case ,bitcoin give so much conveniece now i think creating a new coins is good but if they create this to kick out bitcoin that is not good
legendary
Activity: 1148
Merit: 1048
Hell to the yes they want to replace bitcoin with something more regulation friendly; bitcoin is too disruptive for banks to coexist along side it. It was literally designed to take the centralized features of a bank, usually the stuff they charge fees for. Since a semi anon currency that doesnt require AML/KYC procedures is the absolute antithesis of the way a bank operates, governments, which regulate banks, also arent too fond of bitcoin. So, if block chain technology is here to stay (it is), the only way for cryptos to be embraced by the banks is if they are designed in a more regulation friendly (read: centralized) way Wink
hero member
Activity: 1610
Merit: 507
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 only can said wow it should be a big plan from the banks the trying conquer the crypto currency and have a plan to kick out bitcoin from us. i think if we see the people society and their conditions, people now become smart and wants to know about something new and they want to learn so if the biggest banks really wants to beat bitcoin, then i think people will decide which one they want to use and they will compare between bitcoin and the new coins from the banks. but i don't think that the new coins from the banks will defeat bitcoin and only time will give the answer.
sr. member
Activity: 1400
Merit: 269
First they critized blockchain and accused bitcoin as a ponzi scheme everyday then now their embracing the blockchain technology that bitcoin has and people loved. Is this some kind of a joke or this just mean that the blockchain technology is more superior to their fiat debt based system that is highly vulnerable to hackers no matter what they do they will lose to bitcoin over and over again unless they dont change how to currency to work. One of it's best example is bitcoin.
full member
Activity: 199
Merit: 100
They are going to be shitcoins to be honest. The reason behind why Satoshi Nakamoto and his team Build Bitcoin to remove the 3rd party. No banks would be in you when transacting (Decentralized). No one would support the banks project on making a cryptocurrency.

Yes, I think so. If the banks launch their coins, I believe people won't welcome them as glad as Bitcoin. People don't want to be dependent on the third party.
sr. member
Activity: 630
Merit: 251
I'm sure it will be like that, of course banks will make better coins than bitcoin, using bitcoin is very risky because banks can not control the bitcoin so it is very dangerous if used.
full member
Activity: 756
Merit: 133
- hello doctor who box
They are going to be shitcoins to be honest. The reason behind why Satoshi Nakamoto and his team Build Bitcoin to remove the 3rd party. No banks would be in you when transacting (Decentralized). No one would support the banks project on making a cryptocurrency.
full member
Activity: 276
Merit: 100
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 will always love the decentralized bitcoin than the other coin that will about to come that will be possibly managed by bank. It will surely a centralized one, i don't like that, what if my bitcoin will disappear.
hero member
Activity: 1008
Merit: 510
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/

Blockchains that are run by banks are probably not open ledgers and they’re definitely not decentralized. Bitcoin and other decentralized cryptocurrencies have those two things that will separate them from a blockchain or coin run by a bank or government. I think the two things can exist but will have completely different purposes. Freedom, security, and privacy are things that Bitcoin provides while also being transparent in the way it operates. The banks will never be able to provide this because they will always have access to our funds if they run the blockchain.
full member
Activity: 364
Merit: 107
Well they do not get it, bitcoins is really popular because of decentralization. No one owns bitcoin and that is the most appealing part about it. Unlike fiat and other CFD which they already control.  

I also think that since people are now investing in crypto they like to get a piece of the pie. They will basically control their coins and pump it and dump it. Greedy bastards they are not contented with their trillion of dollars.
hero member
Activity: 938
Merit: 500
Banks blockchain and trasactions will remain hiden from us, i dont see any other way to make their transactions. And the big question is why would we left our decentralized currencies to return into something that can be manipulated by banks, we do have already the fiat and we need them otherwise we would be already into digital transactions.
sr. member
Activity: 322
Merit: 250
Make A Bet on WORKING SOFTWARE
In his dreams.

The banks' blockchains are private. Bitcoin's blockchain is public.
hero member
Activity: 1148
Merit: 500
You know, there are saying that if you can't beat them, join them. That's what's happening right now.
Trying to be like any other cryptocurrencies. But they can't because the essence of cryptocurrency is not there. Cryptocurrencies are made for decentralization. Banks are against decentralization. So expect their cryptocurrency is centralized. What's the difference? No difference at all. They just imitate Bitcoin by using blockchain technology. I doesnt look enticing to customers. This is a joke. That's why i don't their project will be successful.  Cryptocurrency is unstoppable. But i think it's going to be a problem in the future. This must be supported by the government. This is great though. Atleast they are able to compete in a good manner. Not spreading FUDs to scare people.

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