Banks admit they fear BTC - page 22.

jseverson

hero member

Activity: 1834

Merit: 759

Quote from: Lionel on February 19, 2018, 02:08:44 PM

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

That's a rather extreme view if you ask me. The realist in me says that the biggest reason is that they won't be able to make money off of us anymore, and that their influence over us will plummet. I guess I understand the overall libertarian sentiment though.

I was also curious about your links so I tried to dig around:

Quote

http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it

This one seems to have been misinterpreted. Here is an explanation as to where the misunderstanding came from, and what the bill is truly about:

https://www.snopes.com/politics/business/cashillegal.asp

Quote

https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash

This one I'd really rather not trust because it tells you to visit this link:

Quote

http://phoenixcapitalmarketing.com/cash.html (looks shady, click at your own risk)

...and is basically a marketing article.

Still, bottom line is that banks are afraid, and they currently face a future in which they have to choose over adapting or dying.

Mometaskers

hero member

Activity: 1764

Merit: 584

Just came here from another thread talking about this scandal from Poland. One more reason for us to believe that they really are going after crypto. Or, are they planning to stockpile it for their own benefit?

Quote from: O$IRIS on February 19, 2018, 10:06:05 PM

Banks neglected Bitcoin & Blockchain innovation for a while; now they are starting to awake all of a sudden.

As the time shows, this won't change the history of their inevitable collapse.

It's not a done war. They might find a way to co-opt it. Never underestimate what fear and greed can do.

Wallflower28

member

Activity: 378

Merit: 11

Maybe someday, the conflict of banks and cryptocurrency will lead to a warfare. And I think that banks will make a way just to eliminate cryptocurrency from its existence and history.
It may also happen that the government and banks have a conspiracy in order to remove the cryptocurrency from their way.

O$IRIS

newbie

Activity: 136

Merit: 0

Banks neglected Bitcoin & Blockchain innovation for a while; now they are starting to awake all of a sudden.

As the time shows, this won't change the history of their inevitable collapse.

KTZ

jr. member

Activity: 140

Merit: 1

Why cryptocurrencies are feared by banks and government i that the issue of the privacy and anonymity. Because of the Creation of a crypto-wallet requires a little or no personal information about yourself. It is possible to a person to perform his/her financial without any needed personal information. Bank Government can block someone's account if they don't have a access to the persons information regarding transaction. Because of the technology of the blockchain we can do anything we want in crypto world.

Bonsaiav

full member

Activity: 602

Merit: 118

This is an old story, perhaps everyone knows it already if the bank / government has long attacked crypto but her efforts never work, because they know the bitcoin power isn't really on Bitcoin itself, but lies in its users.

Quote from: Lionel on February 19, 2018, 02:08:44 PM

Our beloved gov guys prefer us to put our money on a bank account, which is like we are lending them our money and hope we will see it again.

True, it seems they don't want to if the community moves alone, without their bank.

FrueGreads

legendary

Activity: 1582

Merit: 1059

That really doesn't come as a surprise to me, and I just wonder why they actually admitted that. Not that I really care, because I take a critic approach on every try of news I read, either being positive or negative news. Everyone knows that cryto is a highly speculative market, and that news play a huge role on it's price movements, so its easy to try to perform price manipulation when you know you can reach to a huge number of people.

compimprove

newbie

Activity: 28

Merit: 0

Thanks for your information.

Tankdestroyer

full member

Activity: 476

Merit: 107

Quote from: Lionel on February 19, 2018, 02:08:44 PM

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many ,too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money on a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).

Go crypto and HODL my friends.
They fear crypto because it can save us

That's a lot of good read articles thanks. Besides that, they also want to harness the blockchain tech for their use but they don't want a decentralized one. The real reason why banks and government(most of them) hate Bitcoin is not just because of the reason you stated OP, but because they cannot control our money that way and using it is bad for them because of blockchain's transparency that will make it harder for corrupt ones to steal on people's money.

slyfox

member

Activity: 350

Merit: 10

Quote from: Lionel on February 19, 2018, 02:08:44 PM

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many ,too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money on a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).

Go crypto and HODL my friends.
They fear crypto because it can save us

It is not like we needed confirmation after all it is just common sense, this is also why taxi drivers hate uber, they hate the competition, in my country uber is cheaper and offers a better service and then the government tried to ban it to protect the taxi drivers but they realized it was useless and now they charge a small tax to every ride and even with that uber is still cheaper, this is the same except we have banks but the overall concept is the same.

Lionel

sr. member

Activity: 613

Merit: 305

https://cointelegraph.com/news/polish-central-bank-secretly-funds-anti-crypto-youtube-propaganda-videos

Something i have been suspecting for a long time, now it has been officially confirmed.

Banks and governments have been investing in fake news to discredit the cryptocurrencies, because cryptos can save us from poverty and slavery.

The news against BTC indeed seem terror messages made on purpose.
There have been too many, too frequent and too aggressive fake news, and i felt like something is fishy about them.

Bitcoin is a way of letting common people have their own money in their hands like normal cash, and exchange money^[1] with other people directly from remote (that is a plus compared to cash ).

This is good for us, not for the evil ones.
Our beloved gov guys prefer us to put our money in a bank account, which is like we are lending them our money and hope we will see it again.
That is also why the govs are trying to reduce or ban normal cash ( e.g. read this https://www.zerohedge.com/news/2016-12-14/real-reason-elites-want-ban-cash , or this http://moneywise411.com/government-attempts-to-ban-cash-whats-most-disturbing-is-why-theyre-doing-it/ ).

Go crypto and HODL my friends.
They fear crypto because it can save us

---
[1] With "exchanging money" i don't mean just forex trading, but all commercial exchanges like buying goods directly from other people
---

Topic: Banks admit they fear BTC - page 22. (Read 2110 times)