Just finished reading this:
http://www.coindesk.com/8-banking-giants-bitcoin-blockchain/
Topic: If banks start to talk about Bitcoin ... (Read 2367 times)
i think banks agencies are increasingly worried about the implications of bitcoin
as we know that it has the ability to be used anonymously, and is therefore a potential instrument for money laundering. this is a biggest reason why goverment and bank is not allowed using bitcoin In particular,especially law enforcers seem to be concerned about the decentralized nature of the bitcoin.
as we know that it has the ability to be used anonymously, and is therefore a potential instrument for money laundering. this is a biggest reason why goverment and bank is not allowed using bitcoin In particular,especially law enforcers seem to be concerned about the decentralized nature of the bitcoin.
Banks are talking about bitcoin because they have no choice but to talk about it. They may not like BTC, but they HATE to leave money on the table.
If banks start to talk about Bitcoin then we should stop talking about the bitcoin.
All can banks do is create more and more advertisement for Bitcoin, and that's free advertisement where we benefit from and they lose clients from, because after you know and learn BTC there's no turning back: using the traditional banking system always feels like a downgrade.
Not necessarily - maybe they just want to liquidate their position... 
I think the reason banks are starting to talk about Bitcoin is that they are afraid of it. They are afraid that Bitcoin could push them out of business or at least destroy their main sources of income. [snip]
I think the reason banks are starting to talk about Bitcoin is that they are afraid of it. They are afraid that Bitcoin could push them out of business or at least destroy their main sources of income. [snip]
You have just stated that counterfeiting is one of the main sources of income for banks. After all, this is the only thing you can't do with bitcoin which you could do before.
bank-RUN !
THE end is now this year for sure !
THE end is now this year for sure !
If banks interjected his fingers into bitcoin , Bitcoin value will drop significantly , I think. They do not prefer this currency because they have no commission from it, and they want to get involved in this as long as they can, and it would not be good if banks start to think about bitcoin .
In my country, there is no increase in ATM fees this year, BTW which country do you live; well you are right that they are targeting mostly on taxpayers and middle class people, we suffer a lot during any crisis, does anyone of you think that moving our money completely to Bitcoin is sensible ?
Which country are you a citizen of? There aren't fees in ATM fees every year, but sometimes its seasonal and people often don't know about it. Moving your money into bitcoin is something I heavily don't advise. It is an investment at the moment, don't expect it to be your bank. Put only the money in btc you wouldn't mind losing
You should put all your money into btc when the time is right and it isn't so volatile. 
It is inevitable that banks will get in, if we assume that btc is here to stay. I heard that citibank is making their own crypto. This sounds bad, but actually it is good. Right now the major barrier to wider adoption is that it is a total pita to buy btc. But it you have citicoin or wtf ever they are calling it, then it will be traded on exchanges and you can easily get some btc if you want without the headaches of money wires. If your average guy sees that big banks trust btc, then they will trust it too (because banks are trusty!! ha!). Just think what will happen to the market cap if only 1% of people in usa alone start hodling btc! The previous bubble will be nothing by comparison.
In my country, there is no increase in ATM fees this year, BTW which country do you live; well you are right that they are targeting mostly on taxpayers and middle class people, we suffer a lot during any crisis, does anyone of you think that moving our money completely to Bitcoin is sensible ?
Snip
Dude Banks around the world, particularly in the US, have been closing down accounts of bitcoin startups and even bitcoin-accepting businesses for over a year now. Even those that do work with bitcoin businesses are reluctant to be named in the media. More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition
Correct, found this article October 2013, about banks refusing to execute transactions to BTC related accounts, Netherlands & Belgium.
http://debitcoin.org/blokkeert-ing-bitcoin/
And banks are talking about Bitcoin: http://securities.bnpparibas.com/files/live/sites/quintessence/files/Quintessence%20-%20Sept%202014/Files/p16-17%20BNPP%20Bitcoinv7.pdf
http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-could-destroy-the-global-financial-system-one-of-worlds-biggest-banks-admits-10373003.html
http://uk.businessinsider.com/bnp-paribas-bitcoin-blockchain-securities-firms-redundant-2015-7?r=US
Why are bitcoins better than banks? Bitcoin doesn’t have such shitty economic flaws. Governments don’t control Bitcoin,steal citizens’ money, manipulate its volume or fix interest rates. What does government do? Create money till a fiat currency is worthless. Owners of bitcoin know their will never be more than 21 million bitcoins and don’t worry about inflation anymore 
More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition
We can't say if banks are scared of bitcoins or not, but you know what, they should be
These financial institutions are either really worried about their future ahead and don't want bitcoin involved at all, or they are greedy thinking they will soon develop similar technology and force people to adapt, making much more profit. Or otherwise, they are just suspicious and a little anxious to let bitcoin be so involved with their citizens, because they don't want criminals which can't be tracked.
More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition
Yes, Satoshi has the power to act like a bank, and if bitcoin becomes the world currency, he will literally control the finance of the whole world. Bitcoin may be destined to replace banks, and if banks need to survive, they need to evolve too. We can't say if banks are scared of bitcoins or not, but you know what, they should be
Unless you're not aware, it already started. On a slow phase, eventually they will scale it up and integrate with bitcoin then that "big reset" will happen.
Yes, they are still 'fighting' Bitcoin. When they start scrambling to adopt Bitcoin, we will know that the reset is about to happen. Citi has made a start with citicoin.
Obviously they are fighting bitcoin because they know that bitcoin is more efficient and helpful way of method than banking and they are scared that it might kick them out of business so they are clearly questioning and fighting it.
Dude Banks around the world, particularly in the US, have been closing down accounts of bitcoin startups and even bitcoin-accepting businesses for over a year now. Even those that do work with bitcoin businesses are reluctant to be named in the media. More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition
Banks are still doubtful about Bitcoin. Because the whole system needs to stabilize. And for stabilizing , they need big companies to associate with them. And big companies won't integrate their payment method , until BTC gets stabilized .So it's a vicious cycle of expecting and executing. The concept is amazing , only thing which they lack of is reliability .
and specially, the BIG RESET is this year : http://waldenlabs.com/the-big-reset/
others people can heard "nWo" instead of big-reset ...
others people can heard "nWo" instead of big-reset ...
It's too soon. The "big reset" may take 1 decade+, and Bitcoin will be a major player, the price of 1 Bitcoin by that time will be insane, our brains are simply not ready to process right now, we are not biologically wired to fathom some technological advancement disrupting the foundations of traditional banking.
people will start trusting bitcoins then.. because anything about bitcoin is not mentioned by our banks, most people out there are unaware of the whole concept of virtual currency. once banks start to talk about bitcoins with their customers, they might build up trust for bitcoin and the prices will shoot up dramatically as more people will start to buy..
Yes, all these banksters are trying to develop their own crypto currency on the down low
I guess they can't make any crypto currency, they just will adopt blockchain technology.
and force citizens to adopt it
The bankers are smart guys, so they will try to find a way to make people be interested with their 'innovation' instead of forcing people to get in.
Banks are still skeptical about Bitcoins as many countries are still believe that it wouldn't do them any good. Somewhere the thought that the Banks still considers losing its own power over the currency and profiting out of it would be ruled out. Their fears are quite obvious.
So they are observing it right? There were some problems in banks like massive employees firing, hacking, bailout, and now bitcoin which it can make bank lost their customers sooner or later. They won't let bitcoin grow.
The government will work with the British Standards Association (BSI) to develop a set of standards that will protect consumers, The Treasury also announced a new research initiative on digital currency technology, and would inject an additional 10 million pounds ($14.66 million) into the area.
Now that makes things interesting as it may either screw bitcoin or make it powerful as fuck.
Now that makes things interesting as it may either screw bitcoin or make it powerful as fuck.
The bank can try as hard as they want to, to clone bitcoin in the future but they cannot touch the beauty of bitcoin, they can never screw bitcoin up as long as it has millions and millions of supporters, backing it up, using it and trading with it everyday. Refusal of their currency and using bitcoin will be an economic revolt and I hope that happens soon
And then I have no idea if the Blockchain technology in the banks version is a good news to their customers or not.
The original will still be better. They can observe and learn about it however in the end they will be just making another useless clone. However this is not something bank would do unless BTC become a threat to them. BTC has shown some potential of becoming a threat but only a few people noticed it
I think we can't predict accurately what the banks have done, what they are still doing, and what they will do. Although bitcoin hasn't been a threat to them yet, but I guess banks have noticed the potentials of bitcoin and are observing the bitcoin development in world now.
Banks are still skeptical about Bitcoins as many countries are still believe that it wouldn't do them any good. Somewhere the thought that the Banks still considers losing its own power over the currency and profiting out of it would be ruled out. Their fears are quite obvious.
I think the banks are studying about what bitcoin is and what the technologies behind it, then develop it with their own way. I'm sure banks don't want to adopt bitcoin, since they can't control it.
Yes, all these banksters are trying to develop their own crypto currency on the down low and force citizens to adopt it, forcing their opinion down everybody's throat and taking money out of their asses. Fucking cunts have no respect for anything. They won't adopt bitcoin because they can't control it, they will never be able to control it and they wouldn't adopt anything they can't have some personal share of its own.
And then I have no idea if the Blockchain technology in the banks version is a good news to their customers or not.
The original will still be better. They can observe and learn about it however in the end they will be just making another useless clone. However this is not something bank would do unless BTC become a threat to them. BTC has shown some potential of becoming a threat but only a few people noticed it
I think we can't predict accurately what the banks have done, what they are still doing, and what they will do. Although bitcoin hasn't been a threat to them yet, but I guess banks have noticed the potentials of bitcoin and are observing the bitcoin development in world now.
Bank are becoming afraid now of Bitcoin and it was a great concern in some countries.
Due to the previous hype about Greece + BTC then most bank could have been monitoring the situation about this but leaving that aside, for now I could say that BTC is not a threat yet for bank. Unless we could have more people (adoption) to use it, BTC will just serve as a tool for some minority
And another main factor while banks are afraid is because their investors might invest in bitcoin and bank wont have much income.
You should probably learn on how banks make their profit (Hint : use google ) . Regarding the investor, I believe there has been quite a number of people shifting to BTC especially with the recent news of Greece and some fact that BTC has been rallying for few times ever since the past few weeks and that serve as a good sign that some people is actually getting into this
And then I have no idea if the Blockchain technology in the banks version is a good news to their customers or not.
The original will still be better. They can observe and learn about it however in the end they will be just making another useless clone. However this is not something bank would do unless BTC become a threat to them. BTC has shown some potential of becoming a threat but only a few people noticed it
Well, I had a interesting discussion with a investment banker a while ago... In our first discussion he said, "On a global scale, Bitcoin has no impact, it's just too small" He was comparing it to other commodities and other fiat currencies.
He seemed to change his mind lately... He now says.. "Bitcoin is still small, but the Blockchain technology has a lot of potential"
Now, take note... He did not say, "...the Blockchain has a lot of potential" ...rather "...the Blockchain technology has a lot of potential."
He did not respond to my question... if they would invest in the Blockchain or in a similar type of technology... He just smiled.
My guess is, they will come out with their own version of the Blockchain and they will get governments to back their version of it.
He seemed to change his mind lately... He now says.. "Bitcoin is still small, but the Blockchain technology has a lot of potential"
Now, take note... He did not say, "...the Blockchain has a lot of potential" ...rather "...the Blockchain technology has a lot of potential."
He did not respond to my question... if they would invest in the Blockchain or in a similar type of technology... He just smiled.
My guess is, they will come out with their own version of the Blockchain and they will get governments to back their version of it.
And then I have no idea if the Blockchain technology in the banks version is a good news to their customers or not. If they really adopt the technology, I think the bank will take higher fee to any transaction in it. They are really hardworkers to gain much profit from society.
Bank are becoming afraid now of Bitcoin and it was a great concern in some countries. Since bitcoin offers alternative ways than conventional banking systems, lots of people are having advantage with bitcoin. And another main factor while banks are afraid is because their investors might invest in bitcoin and bank wont have much income. Actually, some of the companies who are good in selling and buying golds are now interested and made anouncement that they will be expanding to bitcoin. The mergence of cryptocurrencies like bitcoin has the potential to change on how people buy and sell services.
Chase bank is well aware of cryptocurrency.
Well, I had a interesting discussion with a investment banker a while ago... In our first discussion he said, "On a global scale, Bitcoin has no impact, it's just too small" He was comparing it to other commodities and other fiat currencies.
He seemed to change his mind lately... He now says.. "Bitcoin is still small, but the Blockchain technology has a lot of potential"
Now, take note... He did not say, "...the Blockchain has a lot of potential" ...rather "...the Blockchain technology has a lot of potential."
He did not respond to my question... if they would invest in the Blockchain or in a similar type of technology... He just smiled.
My guess is, they will come out with their own version of the Blockchain and they will get governments to back their version of it.
He seemed to change his mind lately... He now says.. "Bitcoin is still small, but the Blockchain technology has a lot of potential"
Now, take note... He did not say, "...the Blockchain has a lot of potential" ...rather "...the Blockchain technology has a lot of potential."
He did not respond to my question... if they would invest in the Blockchain or in a similar type of technology... He just smiled.
My guess is, they will come out with their own version of the Blockchain and they will get governments to back their version of it.
I dont see them studying bitcoin for positive purposes most likely they would try to bring it down some how or try to make money of it, either way banks don't like loosing money all they want is a win win situation.
Well the banks is studying it for their own purposes, which they want to know how get higher profit with it. They won't bring it down, because they can't control it. Maybe the best way for them to bring it down is spread negative issue that related to bitcoin to make their customers avoid it.
is this something new? they were adopting blochchain technology since months already, at least those bank should know what is bitcoin and talking about it should be a thing of the past for them
i think the recent greece crisis boost that a bit, and now the talking about it has ramped to other places, fairly quickly..
i think the recent greece crisis boost that a bit, and now the talking about it has ramped to other places, fairly quickly..
I think the banks are studying about what bitcoin is and what the technologies behind it, then develop it with their own way. I'm sure banks don't want to adopt bitcoin, since they can't control it.
I dont see them studying bitcoin for positive purposes most likely they would try to bring it down some how or try to make money of it, either way banks don't like loosing money all they want is a win win situation.
I think the banks are studying about what bitcoin is and what the technologies behind it, then develop it with their own way. I'm sure banks don't want to adopt bitcoin, since they can't control it.
Unless you're not aware, it already started. On a slow phase, eventually they will scale it up and integrate with bitcoin then that "big reset" will happen.
Yes, they are still 'fighting' Bitcoin. When they start scrambling to adopt Bitcoin, we will know that the reset is about to happen. Citi has made a start with citicoin.
Unless you're not aware, it already started. On a slow phase, eventually they will scale it up and integrate with bitcoin then that "big reset" will happen.
some funny peeps up in this thread. love the humor
Yes, it seems that this year banks talks about bitcoin much more than before.
Here is recent update from Hungarian central bank: https://bitcointalksearch.org/topic/m.11615268
What can we conclude from that?
If banks start to talk about Bitcoin... it's time to buy bitcoin
Here is recent update from Hungarian central bank: https://bitcointalksearch.org/topic/m.11615268
What can we conclude from that?
If banks start to talk about Bitcoin... it's time to buy bitcoin
Not necessarily - maybe they just want to liquidate their position...
I think the reason banks are starting to talk about Bitcoin is that they are afraid of it. They are afraid that Bitcoin could push them out of business or at least destroy their main sources of income. So they will try to integrate it somehow into their business model. But I don't think they will have much success, because Bitcoin already contains everything the average Joe needs - there not much room for profitable banking services in addition to that.
Regarding the BIG RESET (sorry for not writing it big enough
): It will come, but it's difficult to estimate the exact time... 
Yes, it seems that this year banks talks about bitcoin much more than before.
Here is recent update from Hungarian central bank: https://bitcointalksearch.org/topic/m.11615268
What can we conclude from that?
If banks start to talk about Bitcoin... it's time to buy bitcoin
Here is recent update from Hungarian central bank: https://bitcointalksearch.org/topic/m.11615268
What can we conclude from that?
If banks start to talk about Bitcoin... it's time to buy bitcoin
a big reset in slow motion maybe - but not this year my friend.
and specially, the BIG RESET is this year : http://waldenlabs.com/the-big-reset/
others people can heard "nWo" instead of big-reset ...
others people can heard "nWo" instead of big-reset ...
bank-RUN !
THE end is now this year for sure !
THE end is now this year for sure !
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