there has been alot of waffle over the last 5 years that banks would hate bitcoin. but has anyone actually made a pro's and cons list for banks?
Well we heard alot of negative cons people percieve the banks would not like. such as:
they cant screw average joe
they cant manipulate it/control it
they cant simply make money appear from nothing
but what about the pro's, so lets start it off:
1) their hedge funders and brokers can still play the markets in their comfy leather chairs and continue to get their bonuses
2) they can shut brick and mortar banks as they wont need customer walk-in's, thus saving on building costs/maintenance per town
3) they can reduce staff numbers EG low level security/customer counter staff meaning a huge expenditure saving
4) no need to produce plastic cards and mail them out, saving a few dollars per customer
5) no need to produce paper bank statements and mail them out, saving a few dollars per customer
6) hoarding customers funds for a year, will make them profits without even having to play the markets
7)....(you fill in the blanks)
