Do Banks fear cryptocurrency - page 86.

Golegard

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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!

Cryptocurrency makes bank disappear. Everyone doesn't get involved in bank transaction because of failure of their system.

Gorgonio

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If I own a bank，i‘ll probably add blockchain to my bank

Victorycoin

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Quote from: Drnice on July 15, 2017, 02:24:02 AM

Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.

Looks to me you're mixing it up, banks are businesses, profiteers to be precise, but the central banks which're governments mouth piece got the whip. As we know it, governments across the globe would have wished Bitcoin was still birth, because it embodies a huge threat to their local currencies. The central bank of Albania are certainly not going to be the last to whimper over Bitcoin and cryptocurrencies., but fact on ground is that the governments that have dared to stand in the way of Bitcoin ended up as chief promoters of Bitcoin.

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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!

Of course they are scared, bitcoin is their direct competition, especially now since it is getting so much popularity, banks are definitely getting scared of bitcoin now. Banks are losing client now due to bitcoin and losing clients is definitely not good for business

Metros

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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 international bank called banks to invest on crypto.

Major bank created Ripple coin.

Asians banks going to unite and create their own coins.

Banks FUDing you so you wont buy crypto. so they could buy in cheap.

Proton2233

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If you asked me exactly the same warning I would have done in relation to banks. They probably think that people forget how many banks died in 2008. It's all just competition in the Finance market. Banks have lost the clients, and the process continues.

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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!

Banks have done what they usually do. Warn there customers. If you ask me if banks are afraid, it is hard to say. They may be. Because Bitcoin and other crypto currencies are competing against them. So why should banks support them? Also we are seeing a lot of people pouring money into crypto currencies, all this can make banks and the authorities issue a warning.

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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!

this has nothing to do with your question (title)!
all the banks around the whole world have issued "warnings" to their user about cryptocurrencies. and the warning is pretty clear. they are warning them about investing in a highly volatile thing. if you take a look at some of the altcoins or even bitcoin at times you can see how they can run wild.
there is a lot of shitty advertisement like the news sites telling people how ethereum will be big and stuff, then not-so-bright people fall for it and invest, then those who were advertising dump on their heads and these poor bastards lose more than half of their money.
this is what banks are warning people about.

User365

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Of course they are, cryptocurrencies basically rob them their source of money.

In case cryptocurrencies get globally adopted banks will lose their mighty position as moneycontroller

cafucafucafu

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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!

Well I'll try make an example which should clear this up to you:

Say you were a mobile phone company, and you invented this brand new feature, say a fingerprint sensor, and you control it and you can do what ever you want with it. Now say some guy makes a new fingerprint sensor and it doesn't have enough publicity so it kinda dies for a year and then slowly starts working its way to the top, now do you feel threatened.

No my best analogy but i tried to put it as simple as I could.

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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!

There is a difference between banks and central banks. Central banks control monetary policy, which can be rendered ineffective if enough people start using cryptocurrencies. Hence central banks issue these periodic warnings.

Drnice

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Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.

CARrency

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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!

If I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks.

flag39

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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!

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