I think other banks will not be able to stop bitcoin, I see it's very difficult. look at how today bitcoin is able to provide great benefits for its users.
and also I think other banks can not compete with bitcoin, but banks will still get a lot of customers because of the ability of people who still lay with IT. and someday the bank can also be defeated by bitcoin.
Topic: Are The Banks Scared of Bitcoin? - page 8. (Read 1137 times)
One of the most dislike of the bitcoin industry is a bank. Because bitcoin will absorb a lot of money, this is a bank that is not willing to. In addition, the bitcoin is centralization, and does not increase the number. And a country's currency can be increased, and banks can use increased money to pay loans for interest.
The only thing that bugs me about bitcoin is the way they are mined, I would like to think that Satoshi when putting this together had the thought that everyone could mine bitcoin and not just a few with deep pockets.
I think the banks are annoyed because bitcoin shows that we could survivr without banks and this scares them, they will need to enter into this space and drastically change the way they work in the next couple of years or they will have serious trouble keeping afloat.
I think the banks are annoyed because bitcoin shows that we could survivr without banks and this scares them, they will need to enter into this space and drastically change the way they work in the next couple of years or they will have serious trouble keeping afloat.
Banks are very scared of bitcoin, so they banned bitcoin in their country. They are greedy, they are a group of human-blooded mafia.
Hell yeah they are! Is there any bank in the world that likes Bitcoin?
But I can count you many banks said tons of crappy stuff about Bitcoin
But I can count you many banks said tons of crappy stuff about Bitcoin
it's very unlikely that all banks around the world are actually "Scared" of bitcoin and miners, as bitcoin is not going to replace the current banking system anytime soon, and that most people will put and save their money in the banks, and not in bitcoin.
I think Yes, bank is somehow scared to bitcoin, because if bitcoin becomes more popular and more people will come use it, it would become their competitor even though they are in different perspective.
No, banks are not scared of Bitcoin because they are also useful in terms of saving a money. Banks are secured no one can easily hack your account and if you caught stealing a money in the back, you will go to jail. You can change your Bitcoin into real money and put it in a bank.
It is really a different perception but yes I respect it and agree it to some extent. Nothing is better to save money than bank in this era and we are not getting anything more secured than banks so far. Banks are profitable only in case of giving security to your money but if you consider them for profiting your money, bitcoin is much more safe and secure and more profitable than banks.
I think the world's Banks and governments and financial institutions are afraid of bitcoin.Bitcoin is a revolution.Bitcoin is a big shock to the existing financial system.So the banks are scared of bitcoin.
Although BTC is a difficult situation, the reality is not like that. The Bank needs Blockchain-based technology and solutions and is actively working to become part of this emerging new industry. I am convinced that it is only a matter of time before the central bank starts printing their own currency in order to stick to whose status.
the title is a bit misleading to what's inside your thread. well people will talk to it no matter what you do, just let them say what they want, anyways if its going to happen then it will happen, and i don't think banks are scared of bitcoin, as far as I am concerned, it is the people that will be using bitcoin are most scarier i think, unlike fiats that can be monitored or tracked when somethings fishy happening, bitcoin is hard to track down those users.
Don't think that banks are scared of Bitcoin, they don't have the reason to be. Looking at the overall number of users and amount of Bitcoins this is not something that would endanger them. The only thing they are maybe worried about is the fact that there is some financial system that is not depending on them.
On the other hand banks are also aware that Bitcoin is profit and don't think they haven't already they fingers mixed into the Bitcoin.
On the other hand banks are also aware that Bitcoin is profit and don't think they haven't already they fingers mixed into the Bitcoin.
probably, it's a direct competition. It's funny because they claimed that the blockchain is revolutionary not bitcoin. Lmao. These bankers haven't experience competition until cryptocurrencies.
I dont think banks are really afraid of bitcoin. You cant really tell everyone to save in bitcoin instead of saving in a bank. Its true that you may profit a lot while holding your money in bitcoin, but there's the risk that a lot of people are afraid of. What is their bitcoin disappears? Who will they report to? Unlike banks, where there is actually the banks staff you can immediately refer to, while problems you may encounter in bitcoin, you can only refer to searching solutions in google or forums.
They have no reason to be scared in the end FIAT currency is still what 90% of people want to get at the end of the day. The bankers are only scared of missing out on profits themselves by investing in bitcoin but not scared by the technology.
I read an article on Business Insider, Inc. and couldn't help thinking many banks would like to see the end of Bitcoin.
"Miners are turning to more powerful computers to complete these tasks and earn bitcoin. As a result, mining (and on the flipside, bitcoin transactions) are sucking up greater and greater amounts of electricity. Bitcoin transactions now use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to Dutch bank ING"
- Businessinsider@ businessinsider.com
What do you think would be the impact of the anti Bitcoin sentiment of the bank knowing they wield a lot of influence with the governments?
Is Bitcoin really an identifiable threat to banking?
What measures must traditional banking adopt so as not to miss out if Bitcoin would dominate the future?
If we talk about competing then there is a competition between bitcoin and banks but if question is about existence then yes banks are here to stay for long term.Taking into considerations the fact of banks opting blockchain technology then it can be said that banks are preparing themselves for future but they performs several different functions which makes them unique and they are not scared by btc but in some terms ready to fight with it as they might loose control over legal currency if it is regulated by government. So they are just updating themselves with latest technology changes. "Miners are turning to more powerful computers to complete these tasks and earn bitcoin. As a result, mining (and on the flipside, bitcoin transactions) are sucking up greater and greater amounts of electricity. Bitcoin transactions now use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to Dutch bank ING"
- Businessinsider@ businessinsider.com
What do you think would be the impact of the anti Bitcoin sentiment of the bank knowing they wield a lot of influence with the governments?
Is Bitcoin really an identifiable threat to banking?
What measures must traditional banking adopt so as not to miss out if Bitcoin would dominate the future?
I think Banks will adopt bitcoin, or are some of these bankers right in believing bitcoin will displace them?
Both are different methods of transactions. Should have no conflicts in future.
Both are different methods of transactions. Should have no conflicts in future.
In my place, banks have already affiliated their services to some exchange sites from btc to our currency. It is not that they are scared but i think it is better to make money out of bitcoin rather than banning it.It could be of use to the economy.
I think Banks will adopt bitcoin, or are some of these bankers right in believing bitcoin will displace them?
Both are different methods of transactions. Should have no conflicts in future.
Both are different methods of transactions. Should have no conflicts in future.
No, banks are not scared of Bitcoin because they are also useful in terms of saving a money. Banks are secured no one can easily hack your account and if you caught stealing a money in the back, you will go to jail. You can change your Bitcoin into real money and put it in a bank.
I am sure banks are afraid of bitcoin because bitcoin is considered a big threat to banks imagining in some countries that prohibit the use of bitcoin because it is feared by the public or Bank investors will switch to bitcoin, just imagine its growth so fast in just a few years that it has been legalized in some countries like japan, america, Denmark, south korea so bitcoin has started to equal the bank or it could threaten the bank.
As of this writing banking system I think is not scared of bitcoin, bitcoin might affected them in the past but they are coping well as of the moment. They have the government system backing them up and vice versa, I just read an article just this morning and said that government especially in US can tract the wallets or identity of those who use exchanges, and going to taxed those evaders that took shelter from bitcoin. This might be the answer of banks and governments to your question. Bitcoins anonymity is not so anonymous after all.
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