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Topic: Banks and Goverments will some day start buying BTC? (Read 2446 times)

full member
Activity: 154
Merit: 100

U.S. senate accepted the BTC so others will Cheesy very quickly

I consider myself REALLY optimistic about Bitcoin, but I think we are pretty far from Banks and Goverments actually buying BTC themselves.


I think they are buying them secretly
full member
Activity: 140
Merit: 100

U.S. senate accepted the BTC so others will Cheesy very quickly

I consider myself REALLY optimistic about Bitcoin, but I think we are pretty far from Banks and Goverments actually buying BTC themselves.
full member
Activity: 154
Merit: 100

U.S. senate accepted the BTC so others will Cheesy very quickly
full member
Activity: 140
Merit: 100
full member
Activity: 154
Merit: 100
and that day came Cheesy
hero member
Activity: 826
Merit: 501
in defi we trust
Banks are not afraid of BTC because in it's current form it is an economic joke that will never actually perform the function of money in an economy.  And even if it DID, it dose nothing to address the root cause of Banking wealth, interest on debt.  A debt in BTC will still carry interest, so a BTC bank would function no different then a Dollar bank.  To undermine banking you need to eliminate urury and interest at it's source which is the hardness of money.  BTC was designed to be harder then real gold and if you know ANY economic history you know banks LOVED GOLD MONEY because it generates interest.  If BTC or something as hard as BTC were our money Banks would be enriched to a staggering degree, but you folks don't really care about that because in your hearts YOU lust to be the very banking class you claim to despise.

You realize that most people here love bitcoin only because they hate banks , right ? Cheesy
hero member
Activity: 492
Merit: 503
governments don't have to buy it, they take it by force for any reason they like. take silk road as example.

Which is why I wuv bitcoin so much. You were missing a key word in that quote above. The word is 'try'.
The government can have my bitcoins when they pry them from my cold dead hands solve the P=NP problem.
sr. member
Activity: 322
Merit: 250
I think a lot of people here are overestimating bitcoin a LOT... It's still very far from being considered a serious currency. I'd be very surprised if banks invested in such a high risk currency as bitcoin.

Also, why would governments want to own bitcoins? It's nearly impossible to tax people as bitcoin is anonymous. I see bitcoin more like an easy to trade version of gold.
sr. member
Activity: 259
Merit: 250
who knows, maybe some banks already invested some money in ASICS

I don't think banks will do that cause its dangerous if anything caught fire...
newbie
Activity: 7
Merit: 0
I think they will try to get rid of it

 Grin
full member
Activity: 154
Merit: 100
who knows, maybe some banks already invested some money in ASICS
sr. member
Activity: 378
Merit: 250
When do you think that goverments and banks start buying BTC?

Do you think that this some day happen?

Bitcoin don't have any regulation or government to control it.. So no, never until there is some regulation...
hero member
Activity: 1082
Merit: 505
A Digital Universe with Endless Possibilities.
When do you think that goverments and banks start buying BTC?

Do you think that this some day happen?

They already are buying them secretly.... thats the reason why the price has went up so much..
sr. member
Activity: 272
Merit: 250
Well the FBI already got a head start on that....I cant remember how much they got after the seizure.  Maybe that will be the best way for governments to collect BTC.  Shutting down illegal websites and hijacking their wallets.  Modern robbery style!

Better still, freeze all the banking account for people that have any dealing with BTC and they now have both BTC and more fiat Smiley

Yeah, this is what they are doing... FBI is good business...
hero member
Activity: 868
Merit: 1000
Well the FBI already got a head start on that....I cant remember how much they got after the seizure.  Maybe that will be the best way for governments to collect BTC.  Shutting down illegal websites and hijacking their wallets.  Modern robbery style!

Better still, freeze all the banking account for people that have any dealing with BTC and they now have both BTC and more fiat Smiley
legendary
Activity: 1806
Merit: 1521
Well the FBI already got a head start on that....I cant remember how much they got after the seizure.  Maybe that will be the best way for governments to collect BTC.  Shutting down illegal websites and hijacking their wallets.  Modern robbery style!
legendary
Activity: 1372
Merit: 1000
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legendary
Activity: 1372
Merit: 1000
--------------->¿?
Banks are getting scared because they loose the power of creating money. This power is getting a lot of poeple going nuts and they won't accept loosing this power at all cost. You're being naive thinking otherwise. Make no mistakes, bitcoin will lead a war. Fortunatly bitcoin is much more powerful fundementally and will win in the long run.
hero member
Activity: 502
Merit: 500
When do you think that goverments and banks start buying BTC?

Do you think that this some day happen?

It will, it won't happen any time soon.. not until at least 100 Million market cap..
sr. member
Activity: 826
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Banks are not afraid of BTC because in it's current form it is an economic joke that will never actually perform the function of money in an economy.  And even if it DID, it dose nothing to address the root cause of Banking wealth, interest on debt.  A debt in BTC will still carry interest, so a BTC bank would function no different then a Dollar bank.  To undermine banking you need to eliminate urury and interest at it's source which is the hardness of money.  BTC was designed to be harder then real gold and if you know ANY economic history you know banks LOVED GOLD MONEY because it generates interest.  If BTC or something as hard as BTC were our money Banks would be enriched to a staggering degree, but you folks don't really care about that because in your hearts YOU lust to be the very banking class you claim to despise.
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