Banks Against Bitcoin! - page 2. | Bitcointalksearch.org

posoa

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Quote from: bizul on December 29, 2017, 08:49:06 AM

Quote from: z38630610 on December 29, 2017, 05:30:07 AM

BitCoin is a chain that banks and governments do not approve. because in this chain banks and governments can not make a profit. Therefore it means that the banks do not like it of course.

Even if governments do not approve of bitcoin, they still have no control over it. Therefore, their approval doesn't make any tiny bit of difference Cheesy

Whether they like it or not, also doesn't make any difference because somehow, you can actually hide transactions from snooping.
Governments thoughts matters only when they decided to cutoff the connection to the the whole internet.

The banks are against Bitcoin because they have nothing to gain. Bitcoin is a digital currency,of which account is managed by individual. Many who have bitcoin as a result of Blockchain Technology don't have to pay bank charges to the banks. And this make the banks to discourage customers who are trying to invest in Bitcoin, so that they will not loose customers to an ever growing Bitcoin.

bizul

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Quote from: z38630610 on December 29, 2017, 05:30:07 AM

BitCoin is a chain that banks and governments do not approve. because in this chain banks and governments can not make a profit. Therefore it means that the banks do not like it of course.

Even if governments do not approve of bitcoin, they still have no control over it. Therefore, their approval doesn't make any tiny bit of difference Cheesy

Whether they like it or not, also doesn't make any difference because somehow, you can actually hide transactions from snooping.
Governments thoughts matters only when they decided to cutoff the connection to the the whole internet.

ShineftChaos

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Quote from: ishaiq on December 29, 2017, 01:25:08 AM

I am new to cryptos and Bitcoin and always when I turn on the TV I see the bankers or govt officials talking against the bitcoin*. What's actually the problem? I personally love Bitcoin and other cryptos.

First, They are not well informed regarding bitcoin and think that it is a scam. Second, For them if its not yet under control of the government they are afraid to take risk. Cryptocurrency is not that traceable and they are not open yet to changes.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

I am much worried about the rise of Ripple (XRP). It is one of the few crypto-currencies, which enjoy the backing of the banks. And its value has risen manifold during the past few months. It is about to overtake Ethereum in market cap, as currently the market cap of XRP ($67 billion) is only marginally behind that of ETH ($71 billion).

Snub

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Of course, banks will be against, because they are their direct competitors. They simply fear that in the future the banks simply will not exist.

saniales

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Quote from: ishaiq on December 29, 2017, 01:25:08 AM

I am new to cryptos and Bitcoin and always when I turn on the TV I see the bankers or govt officials talking against the bitcoin*. What's actually the problem? I personally love Bitcoin and other cryptos.

They want to control money flow to control people, that's why they are against the Cryptocurrencies, but not against the Blockchain itself (see all banks related blockchain projects)

the latter in particular are pathetic tries to inglobe cryptos into banks (since most people do not distinguish between cryptocurrencies and blockchain)

nebuch

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You can search in Google or youtube what is the country who opened in bitcoin trading. Because not everybody around the world is against bitcoin actually I heard that in Japan it will become legal soon I don't know if this will happen but exciting to witness this things. Some of countries is now in bitcoin transactions. But Some countries ban bitcoin but not all. Every leader have a different ideas, different mindsets and different approaches.
It means banks who are.not accepting bitcoin will be in late future. Because bitcoin now is moving forward to its fame in first crypto world. I think soon banks and countries will welcome bitcoin.

z38630610

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Quote from: ishaiq on December 29, 2017, 01:25:08 AM

I am new to cryptos and Bitcoin and always when I turn on the TV I see the bankers or govt officials talking against the bitcoin*. What's actually the problem? I personally love Bitcoin and other cryptos.

BitCoin is a chain that banks and governments do not approve. because in this chain banks and governments can not make a profit. Therefore it means that the banks do not like it of course.

TeraBitHoven

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Maybe because government are not in control of this currency or the risk of its volatility, or because some people use it for scam or crimes and transactions are untraceable

ishaiq

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I am new to cryptos and Bitcoin and always when I turn on the TV I see the bankers or govt officials talking against the bitcoin*. What's actually the problem? I personally love Bitcoin and other cryptos.

Topic: Banks Against Bitcoin! - page 2. (Read 276 times)