Do Banks fear cryptocurrency - page 85.

emezh10

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

Bitcoin might be a large threat to banks through its decentralized block chain that enables users to manage their own account and do their own monitoring without the presence of banks. But despite of this matter, banks would not be afraid of it because if people demands on using bitcoin, they will surely issue that they will be operating bitcoin in their bank to satisfy the crave of the crowd.

micher143

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

Maybe they do not. Because banks and cryptocurrency must not have that kind of mindset arguing or competing with one another. As long as there is a balance between the two. But since bitcoin is now leading its pathway to the top, banks can do really issue or establish featuring bitcoin as one of their operating services.

zilions

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Sure, cryptos do pose some threat as the market cap is continuously growing. I think some major banks have stopped worrying and instead are now trying to compete. The whole "scare" tactic thing didn't work, so now they probably have to improvise and adopt it instead, otherwise, it'll be another "Kodak" movement.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: Victorycoin on July 15, 2017, 06:41:55 PM

Quote from: centralbanksequalsbombs on July 15, 2017, 01:18:11 PM

Isn't it obvious and apparent from the hired-talent that are either programmers trying to hijack protocol code, social-engineers to post FUD claiming there's problems with bitcoin in these forums, media editors in charge to post pieces to influence said opinions on both above?

Central Banks are trying to systemically attack Bitcoin.

It is war on control.

They already lost the battle because have fully played the revolutionary role it was meant to play. We know now that we can be our own banks and don't have to bid anyone's approval to spend our hard earned miney. In the event they succeed in derailing Bitcoin, they had better be ready for a million and one, highly sophisticated offsprings of Bitcoin

Victorycoin, thank you for your reply; I align with your views and find you correct, however high fragmentation would make bitcoin ever increasingly more difficult for the wider public audience to understand and subsequently accept....Bitcoin today is maybe like 1% adopted?

Vikingr

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

The banks afraid and think it s only because of the fluctuations in the price only and if it is this then they do not know about the nature of asses and trade. They have t know that it is like all other asses and currencies which show fluctuations because of initial stage of the currency.

Victorycoin

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Quote from: centralbanksequalsbombs on July 15, 2017, 01:18:11 PM

Isn't it obvious and apparent from the hired-talent that are either programmers trying to hijack protocol code, social-engineers to post FUD claiming there's problems with bitcoin in these forums, media editors in charge to post pieces to influence said opinions on both above?

Central Banks are trying to systemically attack Bitcoin.

It is war on control.

They already lost the battle because have fully played the revolutionary role it was meant to play. We know now that we can be our own banks and don't have to bid anyone's approval to spend our hard earned miney. In the event they succeed in derailing Bitcoin, they had better be ready for a million and one, highly sophisticated offsprings of Bitcoin

wahb

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Quote from: reflector on July 15, 2017, 01:25:23 PM

Quote from: audaciousbeing on July 15, 2017, 07:03:05 AM

Quote from: flag39 on July 15, 2017, 01:59:50 AM

Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

I will say their intention is shady because they won't come out to issue such notice if they have not considered their own interest in the matter and they now decided to use the current phenomenon as a basis to push out their position since they believe now is the right opportunity to do that since they know newbies at this current time would be exhibiting some high level of doubt as to whether to stay or leave. But little did they know that are actually promoting what they intend to pull down.

Getting interest from Bank seems to be good but we guys paying huge amount as fees as a part for maintaining the account. If they involves a bitcoin in a banking system we do not have options to use than independently. We need to always away from the controlled system to be safe for ourselves first.

i do not think that banks will take interest in bitcoin. i am sure that banks will only take interest in bitcoin when their government will start taking interest in bitcoin. i am sure that when banks will start taking interest in bitcoin and if they will consider bitcoin as legal currency then banks will also start accepting bitcoin for transaction and even for depositing and withdrawal.but i think it will take a lot of time and it is not such an easy task.

reflector

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Quote from: audaciousbeing on July 15, 2017, 07:03:05 AM

Quote from: flag39 on July 15, 2017, 01:59:50 AM

Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

I will say their intention is shady because they won't come out to issue such notice if they have not considered their own interest in the matter and they now decided to use the current phenomenon as a basis to push out their position since they believe now is the right opportunity to do that since they know newbies at this current time would be exhibiting some high level of doubt as to whether to stay or leave. But little did they know that are actually promoting what they intend to pull down.

Getting interest from Bank seems to be good but we guys paying huge amount as fees as a part for maintaining the account. If they involves a bitcoin in a banking system we do not have options to use than independently. We need to always away from the controlled system to be safe for ourselves first.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Isn't it obvious and apparent from the hired-talent that are either programmers trying to hijack protocol code, social-engineers to post FUD claiming there's problems with bitcoin in these forums, media editors in charge to post pieces to influence said opinions on both above?

Central Banks are trying to systemically attack Bitcoin.

It is war on control.

flag39

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https://news.bitcoin.com/central-bank-of-albania-lists-five-most-important-bitcoin-risks-public-warning/

Przemax

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Thats what I was talking about in many other thread like this one.

Some weird shills from countries that noone has ever heard about, are being bribed by the banks from time to time to bullshit talk. Thats absolutely nothing new. What we can speculate here is how expensive it is to buy yourself a shill to make a fool of themselves. I would say 100k usd and it will dance for you.

Money talks, monkey walks.

audaciousbeing

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

I will say their intention is shady because they won't come out to issue such notice if they have not considered their own interest in the matter and they now decided to use the current phenomenon as a basis to push out their position since they believe now is the right opportunity to do that since they know newbies at this current time would be exhibiting some high level of doubt as to whether to stay or leave. But little did they know that are actually promoting what they intend to pull down.

Mandoy

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Aurox

Quote from: flag39 on July 15, 2017, 01:59:50 AM

Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

We dont need to be afraid and even the banks are not afraid of cryptocurrency. If they feel that they are threatened then you will just be surprised if the banks are already accepting cryptocurrency or they have their own cryptocurrency. Even last year in texas major bank owners have conducted meetings as to introduce, adopt and integrate blockchain into their system. Even banks today owns large amount of bitcoin like the banks of Japan who bought bitcoin before their country legally adopted bitcoins. In the future even the banks will be accepting cryptocurrency since that will be the demand of the time and they cannot escape from it.

iv4n

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Quote from: flag39 on July 15, 2017, 01:59:50 AM

Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

Is that ironic? Japan, South Korea, Australia, modern countries are adopting and legalizing bitcoin, but Albania is issuing a warning. Do you also think that their prime minister Rama and all Albania is still in Middle Ages? Its more a politic then bitcoin discussion, but I need to mention that they wish to make Great Albania, and push Islam in Europe, they are doing that slowly for decades.
As a country they are very closed, I believe there is a lot of extremist and terrorists in Albania, and I don't give 2 cents for what their Central Bank is saying, just a bunch of stupidity to keep their own people in the dark, they are doing that for decades and they are still doing that. Communism and dictatorship, its how I would describe Albania, and don't be bothered about their words!

Kronos21

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Quote from: KennyR on July 15, 2017, 05:56:00 AM

Banks don't fear of cryptocurrency, but truly speaking banks around the world has experienced a big loss just because of the entire cryptocurrencies. Right now the banks were with plans to get integrated with the cryptocurrencies and provide service. Such an access can be found in banks by the upcoming years and there is no fear on its growth.

I don't agree with you. Banks are afraid of crypto currencies. If you are considering the operation of banks only as exchange and transaction with Fiat then do banks have their own niche, but the main purpose of banks is raising capital, and crypto currency create capital outflow from banks.

YOYOY

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Yes they really are afraid of cryptocurrencies because unlike bank they have higher fees and it have some lots of requirements it needed, whereas in bitcoin and other cryptocurrencies it is fast and it has lower fees so if the cryptocurrency will boom they will not be needed that's why they fear it. But here in the Philippines some banks are involve in bitcoin transactions and I find it good.

YuginKadoya

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Quote from: coupable on July 15, 2017, 05:51:04 AM

Banks should follow the new technologies.
Cryptocurrencies do not avoid Fiat but helps making new utilities to make payments and stake much more easy and secure.
Banks may have problems with decentralization and owning personal data of their custumers.
Many of them adopt the new tech in order to satisfy clients and invent new way of profit.

Well banks really is afraid with Cryptocurrencies well I really think that banks that are afraid of it doesn't have any idea or have knowledge about what Crypto is, that is why they think that it can be very crucial for fiat and banks to get involve with it,

But I have seen banks nowadays that are surely have a partnership with bitcoin and I am using a wallet that can certainly withdraws your BTC and convert it to Fiat money I think this bank have knowledge and a proper technology with bitcoin and this bank's owner see the true earning in partnering with Bitcoin.

KennyR

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Banks don't fear of cryptocurrency, but truly speaking banks around the world has experienced a big loss just because of the entire cryptocurrencies. Right now the banks were with plans to get integrated with the cryptocurrencies and provide service. Such an access can be found in banks by the upcoming years and there is no fear on its growth.

coupable

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Banks should follow the new technologies.
Cryptocurrencies do not avoid Fiat but helps making new utilities to make payments and stake much more easy and secure.
Banks may have problems with decentralization and owning personal data of their custumers.
Many of them adopt the new tech in order to satisfy clients and invent new way of profit.

blakegrr

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They are just trying to protect their people from possible loss of assets. and also maybe they know that the banking fiat industry may become dead if cryptocurrency becomes successful.

Topic: Do Banks fear cryptocurrency - page 85. (Read 17113 times)