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Topic: Is it possible that banking institutions will monopolize bitcoin in the future - page 2. (Read 1030 times)

sr. member
Activity: 336
Merit: 250
With the recent trend at bitcoin the financial institutions like the banking system existing around the world are starting to feel the impact of the so called financial decentralization revolution. With this at hand  the monetary advantages are already being analyzed by the financial experts of banking systems. In my opinion, soon the banking system will integrated bitcoins in their transaction so they will not be left behind, and soon huge amount of bitcoins will be owned by the banking institutions. Will you agree on this?

I dont think this will be possible. Banking systems will maybejust trade bitcoins or just buy and sell but they will not monopolize it since it is very unstable and i a second flick of hand it may go down tremendously and banks will go bankrupt easily. Banking firms will not do this since they prioritize security and sure income. Bitcoin is decentralization so its an irony if banks will monopolize it, it is not just possible.
legendary
Activity: 1162
Merit: 1000
I think it is impossible. financial institutions clearly different from the bitcoin. bitcoin bitcoin is more independent and have different strengths compared with financial institutions.
legendary
Activity: 1750
Merit: 1115
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With the recent trend at bitcoin the financial institutions like the banking system existing around the world are starting to feel the impact of the so called financial decentralization revolution. With this at hand  the monetary advantages are already being analyzed by the financial experts of banking systems. In my opinion, soon the banking system will integrated bitcoins in their transaction so they will not be left behind, and soon huge amount of bitcoins will be owned by the banking institutions. Will you agree on this?
As long as the Banks exist,there could never be decentralization in the financial revolution.Banks == Control over your money/transactions.Bitcoins will just be there,don't think they have potential just yet to replace banks.Combing bitcoin+Banks together is probably a call for something terrible.I don't think that should ever happen.What's next ? A bitcoin bank ? For what ? To pay interest on your savings ? Something like that already exist's ,ponzi schemes.No matter what,banks will never support operating with bitcoins since it just doesn't fit in their architecture.
legendary
Activity: 2282
Merit: 1023
To me this is similar to a chicken and egg thing... bitcoin is meant to replace bank. If you understand how bitcoin works, you do not need a bank!

However, most people from our generation are so used to the banking system so I guess the bank might one day start to accept bitcoin deposit-- which will in fact accelerate the extinction of banks!
hero member
Activity: 560
Merit: 500
With the recent trend at bitcoin the financial institutions like the banking system existing around the world are starting to feel the impact of the so called financial decentralization revolution. With this at hand  the monetary advantages are already being analyzed by the financial experts of banking systems. In my opinion, soon the banking system will integrated bitcoins in their transaction so they will not be left behind, and soon huge amount of bitcoins will be owned by the banking institutions. Will you agree on this?
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