Banks against the crypto - page 10. | Bitcointalksearch.org

Permabull

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Quote from: Theentre on March 11, 2019, 12:41:30 PM

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

Banks have already started paying attention to crypto. As you know, Ripple has to do with banks. And some other currencies as well. It's likely banks will take advantage of the technology than blindly trying to reject it.

Daniwahyu007

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I think for now the bank is still in power because why hasn't everyone received crypto and don't know how to use it. but nobody knows about the future

MFahad

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Quote from: Aikidoka on March 28, 2019, 05:52:36 PM

Quote from: Reid on March 13, 2019, 02:48:16 PM

It will stay.

As we could see now they are also trying to adopt but just in a different way which is centralized tokens created by them to enhance the banking ease of their clients and also for speed.
Yes, they are also using the same method which is the blockchain but just for their own purpose which is the vice versa of bitcoin and other decentralized crypto currencies.
But even in 10 years we will still see those banks.

Yeah, exactly! banks will not die even in the future they are smart enough to find solution against cryptocurrencies. I mean by creating their own tokens to avoid this problem in the future. I don't know the effect of bitcoin and other decentralized crypto currencies in the future against banks, but I'm sure that they will not affect so much.

Actually banks are against the bitcoin, it is true, but little bit they accept that bitcoin has a ability that's why people invest their money into it, and that thing banks not bear it. However banks are more powerful than bitcoin and banks can do anything against of bitcoin, if government help the banks.

Aikidoka

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Quote from: Reid on March 13, 2019, 02:48:16 PM

It will stay.

As we could see now they are also trying to adopt but just in a different way which is centralized tokens created by them to enhance the banking ease of their clients and also for speed.
Yes, they are also using the same method which is the blockchain but just for their own purpose which is the vice versa of bitcoin and other decentralized crypto currencies.
But even in 10 years we will still see those banks.

Yeah, exactly! banks will not die even in the future they are smart enough to find solution against cryptocurrencies. I mean by creating their own tokens to avoid this problem in the future. I don't know the effect of bitcoin and other decentralized crypto currencies in the future against banks, but I'm sure that they will not affect so much.

dimox

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none cant make bank disappear. you know if many people still need bank, although bitcoiner.
my friend (ex bank worker) tell if someday, they explained by head if you must never talk about or make a deal with bitcoin.
many people still dont know about bitcoin till now.
and than, how to destroy bank if there are many weakness in this people.

Btchunter3333

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For the moment the banks are still used, and a lot of people need banks somehow to cashout bitcoin, and the more time is needed when we will not use more bank.

dominos

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Quote from: Theentre on March 11, 2019, 12:41:30 PM

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

Disappearance of banks? It will be really tough, so probably even with that type of vision I would say that it is low probability of this. In many cases they're going to just us blockchain as they can.

usorin

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Quote from: Theentre on March 11, 2019, 12:41:30 PM

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

Players like banks are to big for the crypto world. We like it or not banks existed since the templars and they will not give up their influence.

Wellyan

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Quote from: Theentre on March 11, 2019, 12:41:30 PM

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

I don't think the bank is missing but it is likely that the bank will adopt an economic system that is used for crypto currencies and is likely to become a breakthrough in future economic developments

Jericka D Ranillo

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No one will be forgotten, both are needed in this world, for advance people and for old people which not still techologicalize. Why dont banks use crypto currency and make their bounday wider, here in our country one bank start to show its interest in bitcoin. They are planning to release bitcoin atm and i think this will be a good for everyone, to us and also for the bank.
No need to be afraid just accept btc,

Dhanems

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Bank will starting embrace cryptocurrency.. Union bank in the Philippines will accept bitcoin,not only bitcoin soon ripple and others will become accepted..feeling positive only:)

CoinEraser

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Quote from: Theentre on March 11, 2019, 12:41:30 PM

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

At the beginning I also thought crypto could deprive banks of their power, but that will probably not happen. One reason is the people who use crypto and hope that banks will soon manage their crypto holdings, the other is the banks themselves. Banks have so much power and fiat money that you can strongly influence the crypto market. They will also begin to use crypto themselves and integrate it into their business and as soon as people start to store their cryptocurrencys there, banks again have full control over the coins and thus the power. Roll Eyes

ajaymukund

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https://streamies.io/

Quote from: Theentre on March 11, 2019, 12:41:30 PM

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

they will certainly have to adjust their power and will have to share half of the profits for crypto businesses.
crypto businesses cannot manipulate all banks because their systems are difficult to understand and that will not cause sympathy for customers and they will be afraid of being scammed.
So I think the combination of banking and blockchain is a perfect combination than ever.

Ziskinberg

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Quote from: okala on March 28, 2019, 03:06:42 AM

The cryptocurrency has a very long way to go because even if cryptocurrency becomes the mainstream their will still some high level of intimidation from the financial institutions due to the fact that the bank are always afraid of cryptocurrency taken it place in the financial processing network because very soon the banks will be insolent and will be replaced with cryptocurrency.

I don't think they will be replace by crypto, with the way that is moving now, it seems like the government want crypto to be centralized.
There regulation made us adopt on the law, and we cannot live without following the law, otherwise, we will pay for our violation.

The system will remain decentralized but we cannot be anonymous here.

okala

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The cryptocurrency has a very long way to go because even if cryptocurrency becomes the mainstream their will still some high level of intimidation from the financial institutions due to the fact that the bank are always afraid of cryptocurrency taken it place in the financial processing network because very soon the banks will be insolent and will be replaced with cryptocurrency.

karanggatak

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I think the bank will always be there. because it is a financial institution that functions as a place to collect money and also channel money as a loan fund. the community needs banks as providers of money loans. we cannot expect this savings and loan process to be cryptocurrency because its value is volatile. and I think cryptocurrency and banks can run together or maybe in the future the bank will adopt cryptocurrency.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

To my opinion banks are not against Bitcoin or at least this is some kind of propaganda because they are like protecting their interests and interest of financial institutions in general. But they are well aware that cryptocurrencies are reality that can't be avoided anymore and that they have to adapt and accept that sooner or later. Moreover I think they already have business plan to offer Bitcoin connected services to their clients.

fabiorem

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Bankers speak against bitcoin, but they secretly buy it.

Fact is, bitcoin will not replace the banks. Most people dont want to have responsibility over their own money. People lose passwords very easily, some still get viruses in their computers. Normies dont need too much knowledge to operate a computer or a smartphone, so they do shit very easily. They will prefer to trust the banker to hold their money, even if its a digital one.

Banks will probably adopt bitcoin, and release related products to the public when they have enough reserves for it. The talk about decentralization only appeal to geeks and enthusiasts, the sheeple is not attracted by it. Actually, I believe the masses want more centralization and censorship, in the name of "security". Of course, the usual trader is not exactly part of the masses, and the bankers knows that, so they will eventually adopt bitcoin to back ETFs for those traders who are fearful of the crypto-market. The masses will only adopt it very late, when governments decides to use it.

But this will need another cycle to come to fruition. Bitcoin is not ready for things like ETFs and specialized banks, much less to be used by the normies. In fact, these instruments would, right now, hurt its development.

jademaxsuy

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For now bank is more establish than crypto. But, there is no way we could compare the two system for it has huge difference from centralized (banks) and the decentralized (crypto) systems has brought conflict when mixed together. However, there is no absolute centralized and decentralized system that work out so far for it should be balance.

So, instead of comparing what better system to be used I suggest for the betterment is to used both crypto.and bank system. Look for a way to solve conflict between changing transition of both systems though I think it is somehow on the wat or achieve already like converting fiat to crypto and vice versa.

dat.ho12492

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Quote from: vixcious on March 26, 2019, 08:10:48 PM

Quote from: Theentre on March 11, 2019, 12:41:30 PM

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

Banks will have to fight a lot with this. But I think the best way is that they will accept blockchain technology and change their entire trading system as soon as possible.
Because when the old bank opposes the blockchain, new banks will grow and there are many incentives in transferring money. Old banks will also die if they don't know how to take advantage of new technology.

Why do banks need to fight crypto while crypto does not pose too great a threat to them, I don't even see any opposition from banks to crypto as you say, what i see is that the bank receives a ban from the government and does not allow participation in crypto, that's all. And except for that, I no longer see anything else, the bank is not too interested in crypto because they know that people will still choose them, instead of crypto, they are reputable and safe, crypto is just a new character, it is still not competitive enough in the banking market

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