Matthew 7:12 - Whatever they do to you, you shall also do to them - page 2.

Virtual miner

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Quote from: jjacob on March 18, 2018, 04:45:50 AM

That is an interesting thought, but the playing field is uneven. In terms of FUD, the big banks have deep pockets and can afford to put out a narrative highlighting the dangers of cryptocurrencies. Supporters of crypto can put out a narrative on social media, but it hardly matches up to an organized campaign.
In terms of regulation, the difference is even more stark. Regulators and big banks are in bed together, and it doesn't take too much effort for the views of bankers to be reflected in the views of regulators. A few independent regulators may recognize the advantages of Bitcoin, but that hardly makes a difference.

" It hardly makes a difference!!" - This is the thought that stops us from even taking a step forward. I'm not saying that you're wrong, my point is that if we will not even try or take an initiative in this direction, then also the things won't change. Then isn't it better to at least try ourselves to our satisfaction instead of remaining complacent!!

The difficult task here is to build up a unity among ourselves, we, the members of the community, we need to awaken that feeling of Espirit de corps and come together!! Maybe we get a recognition somewhere or at some point of time. Maybe the small efforts that we make today prove to be beneficial tomorrow.

P.S.: But maybe, it's just another maybe!! Undecided

bhadz

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Quote from: Snarks on March 24, 2018, 05:18:08 PM

Quote from: bhadz on March 24, 2018, 01:40:29 AM

I like this thought that came to your mind and this is what also I believe in my life. If you want others do good to you then do good to others. But that's the basic thing that the banks will do and as well as the government since they are a business entity and they want to make enough money through it. That's how they make money and if there is something that is a threat to them they have to eliminate it but the fact that they can't do it with bitcoin is what they have to accept.

And can't we say as cryptocurrency investors and developers that Bitcoin is our business? We too have to protect our business. That's why we have to stand together instead of fighting each other. We have much bigger enemies.

Yeah that's right, we have to protect our business/investments/digital assets. Bitcoin is now not just a coin that we can flip and throw in the wishing well. It's now part of our lives and every satoshi that is coming out from our wallets are very much important. This is why those banks can't really stand against bitcoin even they are planning to take down bitcoin, that's what I said that they have to accept the fact that they can't take down bitcoin easily.

peter0425

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Quote from: Snarks on March 17, 2018, 08:32:10 PM

I'm not a religious person, but this sounds good:

Therefore all things whatsoever ye would that men should do to you:
do ye even so to them: for this is the law and the prophets

I don't believe for a minute governments and banks are protecting the common man.

They've set out to destroy their competitor, Bitcoin, and they're doing so by regulating it out of existence and spreading FUD.

I wish we could return the favor.

Don't forget why we got into Bitcoin in the first place.

Remember the 2008 crash, the LIBOR fraud, the rigged forex and derivatives markets, the RBS GRG & HSBC scandals and the inflationary monetary policies to bail out the TOO BIG TO FAIL banks.

This is one of the reason why Satoshi, created bitcoin anyways.

Of course, they are really out not just to destroy but eliminate those that threaten their very existence, cryptocurrency. However, do they think that we can really destroyed those old aged traditional banking system?

I guess it boils down how they lost potential clients or banking clients who suddenly moves to crypto to store their wealth. They are losing billions here and the only way to stop the onslaught is to attack the enemies by creating regulations through FUDs.

But look at how they love blockchain technology. How ironic, the same technology that powers bitcoin and other crypto.

Edraket31

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Quote from: Baoo on March 25, 2018, 03:27:48 PM

In general, I believe in " KARMA ", this means who does bad for someone or something ( like, Bitcoin) , returns to him more badly, so there is always divine justice to everything you do and especially, if it is so bad. Furthermore, it is true that the governments have tried many times to eliminate or destroy Bitcoin and other cryptocurrencies through many attempts and different ways. Luckily, it always fails to achieve these bad goals because the era of bitcoin is very secure.

As a matter of fact, I think the "KARMA" is coming to those governments, and they will have significant financial losses in the future and particularly for the banks ( FIAT) and other field of economics and it is certain that Bitcoin will become more stronger .

That is right, that is why I am so sad whenever I am seeing someone saying and crying that they were scammed by someone or their account was hacked, well, I believe in that too that whatever you've done to someone whether it is good or bad it will back to you more than you did, so just make positive always in people.

Baoo

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In general, I believe in " KARMA ", this means who does bad for someone or something ( like, Bitcoin) , returns to him more badly, so there is always divine justice to everything you do and especially, if it is so bad. Furthermore, it is true that the governments have tried many times to eliminate or destroy Bitcoin and other cryptocurrencies through many attempts and different ways. Luckily, it always fails to achieve these bad goals because the era of bitcoin is very secure.

As a matter of fact, I think the "KARMA" is coming to those governments, and they will have significant financial losses in the future and particularly for the banks ( FIAT) and other field of economics and it is certain that Bitcoin will become more stronger .

richardsNY

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Quote from: Hamphser on March 24, 2018, 06:45:57 PM

Bitcoin been part of daily transactions? I dont think so and i dont know which bank you are preferring to since there were no banks that do directly made a transactions which do involves bitcoin.

He is probably just referring to banks making use of, or researching blockchain as technology -- people in most cases don't see the difference between Bitcoin and private blockchains. I don't even think any bank is legally allowed to incorporate crypto in their day to day operations. We all know how far away Japan is in terms of crypto progression, but their financial institutions are still not allowed to get involved in crypto directly, other than them just offering banking services to exchanges and whatnot. I think we may need a few more years to go by in order to see financial institutions actually make an attempt to expand their core operations. Governments definitely take their time with updating their regulatory framework, which (as user snark pointed out) might be done so on purpose after all -- the longer it takes for them to come up with regulations, the slower the growth will be, and the easier it will be to catch up. I strongly believe that China's sanctions against crypto are related to that principle as well, and for that reason believe they will be back.

Yzhel

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Quote from: Snarks on March 24, 2018, 06:52:53 PM

Crypto is just a pain in the ass for banks, unless they can somehow profit, like get an edge over other banks and steal their customers.

There are a ton of laws and rules for banks so of course they don't like to see a parallel economy that doesn't have those annoying laws and rules without them in it. Maybe they're just trying to slow us down so they can catch up, but it doesn't really make sense to copy the same laws and rules they prefer to escape, unless they do it to destroy crypto.

Well, there are things that we want to but we cannot control just like the mindset of our government and some other people, what matters is ourselves doing the right thing, so better to just do for the goodness of ourselves and for other people, don't let greediness live in our life.

Snarks

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Crypto is just a pain in the ass for banks, unless they can somehow profit, like get an edge over other banks and steal their customers.

There are a ton of laws and rules for banks so of course they don't like to see a parallel economy that doesn't have those annoying laws and rules without them in it. Maybe they're just trying to slow us down so they can catch up, but it doesn't really make sense to copy the same laws and rules they prefer to escape, unless they do it to destroy crypto.

Hamphser

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Quote from: crisanto01 on March 23, 2018, 11:53:35 AM

Quote from: KrishaBitcoin on March 23, 2018, 06:46:28 AM

But i think not all banks are against Bitcoin that all of them want Bitcoin to be eliminated because here in my country our Central banks are very supportive to Bitcoin in which they allow our major banks to be in partnership with our local exchange that we can use their cash out facilities anytime and anywhere every time we cash out. With this hospitality that given by our banks to us i could say banks are not really united of their stand against Bitcoin existence.

As of today, majority of the banks doesn't want bitcoin yet as they thinks that investors here in crypto are just manipulating the price and it has sort of impact with our economy. But here in our country, there were some banks who are considering to have bitcoin as part of their daily transactions.

Bitcoin been part of daily transactions? I dont think so and i dont know which bank you are preferring to since there were no banks that do directly made a transactions which do involves bitcoin.It is possible but on indirect way.Its not really surprising for banking sector to oppose into crypto because they do know its capability and tendency of possible effects if citizens would make such transition.

Snarks

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Quote from: KrishaBitcoin on March 23, 2018, 06:46:28 AM

But i think not all banks are against Bitcoin that all of them want Bitcoin to be eliminated because here in my country our Central banks are very supportive to Bitcoin in which they allow our major banks to be in partnership with our local exchange that we can use their cash out facilities anytime and anywhere every time we cash out. With this hospitality that given by our banks to us i could say banks are not really united of their stand against Bitcoin existence.

If you say so, but I strongly doubt that. Bitcoin is an immediate threat to central banks as they are issuers of fiat money. Are they supportive of Bitcoin or of blockchain for their own benefit? There's a big difference between those two.

Snarks

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Quote from: bhadz on March 24, 2018, 01:40:29 AM

I like this thought that came to your mind and this is what also I believe in my life. If you want others do good to you then do good to others. But that's the basic thing that the banks will do and as well as the government since they are a business entity and they want to make enough money through it. That's how they make money and if there is something that is a threat to them they have to eliminate it but the fact that they can't do it with bitcoin is what they have to accept.

And can't we say as cryptocurrency investors and developers that Bitcoin is our business? We too have to protect our business. That's why we have to stand together instead of fighting each other. We have much bigger enemies.

bhadz

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I like this thought that came to your mind and this is what also I believe in my life. If you want others do good to you then do good to others. But that's the basic thing that the banks will do and as well as the government since they are a business entity and they want to make enough money through it. That's how they make money and if there is something that is a threat to them they have to eliminate it but the fact that they can't do it with bitcoin is what they have to accept.

crisanto01

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Quote from: KrishaBitcoin on March 23, 2018, 06:46:28 AM

But i think not all banks are against Bitcoin that all of them want Bitcoin to be eliminated because here in my country our Central banks are very supportive to Bitcoin in which they allow our major banks to be in partnership with our local exchange that we can use their cash out facilities anytime and anywhere every time we cash out. With this hospitality that given by our banks to us i could say banks are not really united of their stand against Bitcoin existence.

As of today, majority of the banks doesn't want bitcoin yet as they thinks that investors here in crypto are just manipulating the price and it has sort of impact with our economy. But here in our country, there were some banks who are considering to have bitcoin as part of their daily transactions.

KrishaBitcoin

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Quote from: Snarks on March 17, 2018, 08:32:10 PM

I'm not a religious person, but this sounds good:

Therefore all things whatsoever ye would that men should do to you:
do ye even so to them: for this is the law and the prophets

I don't believe for a minute governments and banks are protecting the common man.

They've set out to destroy their competitor, Bitcoin, and they're doing so by regulating it out of existence and spreading FUD.

I wish we could return the favor.

Don't forget why we got into Bitcoin in the first place.

Remember the 2008 crash, the LIBOR fraud, the rigged forex and derivatives markets, the RBS GRG & HSBC scandals and the inflationary monetary policies to bail out the TOO BIG TO FAIL banks.

But i think not all banks are against Bitcoin that all of them want Bitcoin to be eliminated because here in my country our Central banks are very supportive to Bitcoin in which they allow our major banks to be in partnership with our local exchange that we can use their cash out facilities anytime and anywhere every time we cash out. With this hospitality that given by our banks to us i could say banks are not really united of their stand against Bitcoin existence.

stomachgrowls

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Quote from: CryptoBry on March 19, 2018, 08:22:34 PM

Quote from: jjacob on March 18, 2018, 04:45:50 AM

That is an interesting thought, but the playing field is uneven. In terms of FUD, the big banks have deep pockets and can afford to put out a narrative highlighting the dangers of cryptocurrencies. Supporters of crypto can put out a narrative on social media, but it hardly matches up to an organized campaign. In terms of regulation, the difference is even more stark. Regulators and big banks are in bed together, and it doesn't take too much effort for the views of bankers to be reflected in the views of regulators. A few independent regulators may recognize the advantages of Bitcoin, but that hardly makes a difference.

This is one big reality we supporters and lovers of cryptocurrency should be facing. The force of the government can be too much to bear because people have no choice but to listen and follow what the government can say and enact. There will be regulations either using the existing laws or ones to be yet created. To say that Bitcoin or any cryptocurrency for that matter is decentralized and can not be touched by the government is technically correct but in reality the perception on the market can be affected even by a single pronouncement by an official or representative of the government.

Really not surprising for us people to follow on what government do say.We do follow them ever since because they are the ones who do mandates laws and other decisions towards into a certain vicinity. Violate? Then expect you would really experience consequences and now talking into banking sector then they would really have their support since they do know that they are regulated and benefits is there and why cryptocurrency would really give negative impressions to them.

orions.belt19

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Quote from: Lieldoryn on March 18, 2018, 07:20:47 AM

The bitcoin community is not ready to fight. Each person cares only about their profits. We have no coordination. Bankers and governments are working according to a clearly established plan. They work as a team. By their actions, they destroy bitcoin and we can not oppose them. If you do not take anything to avoid the use of Fiat, we have no chance of winning.

Even though there's no solid coordination, no bitcoin user would let the banks and government win. The banks and government are still under the mercy of their consumers and without them they won't have any power. There's still a chance of winning -- boycott may be a way. Judging by the level of support which bitcoin has, it would be enough to stand against the financial institutions. Maybe we can't fight fire with fire but instead fight in different ways such as conquering business and finance sectors.

biboy

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Quote from: Snarks on March 22, 2018, 09:14:39 AM

Maybe you are right, maybe doing the same they are doing to us is out of our league. Maybe we should take the moral high ground, not stooping to their level.

There is something we can do right now. That's spreading positivity instead of negativity. I know I've been guilty of that too.

Look what's happening. There's definitely an orchestrated effort to chill the crypto market. Banks telling politicians what to do. Journalists paid to invent FUD. It's reposted, retweeted, rephrased a million times. A whale dumps and a thousand smaller traders follow.

Why can't we do the same, but in the opposite way? Contribute in a positive way to crypto. Start a business. Influence your representatives or even start a political party, cause whales to buy Bitcoin and sway the opinion of grumpy no-coiners.

You are right, I believe that is what others are doing putting up a business that accepts bitcoin as one way of mode of payment, actually we cannot blame those who are just after the profit, it was insisted in their mind by the blogs/articles that they are reading. I hope that what you think will gonna happen.

Snarks

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Maybe you are right, maybe doing the same they are doing to us is out of our league. Maybe we should take the moral high ground, not stooping to their level.

There is something we can do right now. That's spreading positivity instead of negativity. I know I've been guilty of that too.

Look what's happening. There's definitely an orchestrated effort to chill the crypto market. Banks telling politicians what to do. Journalists paid to invent FUD. It's reposted, retweeted, rephrased a million times. A whale dumps and a thousand smaller traders follow.

Why can't we do the same, but in the opposite way? Contribute in a positive way to crypto. Start a business. Influence your representatives or even start a political party, cause whales to buy Bitcoin and sway the opinion of grumpy no-coiners.

CryptoBry

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Quote from: jjacob on March 18, 2018, 04:45:50 AM

That is an interesting thought, but the playing field is uneven. In terms of FUD, the big banks have deep pockets and can afford to put out a narrative highlighting the dangers of cryptocurrencies. Supporters of crypto can put out a narrative on social media, but it hardly matches up to an organized campaign. In terms of regulation, the difference is even more stark. Regulators and big banks are in bed together, and it doesn't take too much effort for the views of bankers to be reflected in the views of regulators. A few independent regulators may recognize the advantages of Bitcoin, but that hardly makes a difference.

This is one big reality we supporters and lovers of cryptocurrency should be facing. The force of the government can be too much to bear because people have no choice but to listen and follow what the government can say and enact. There will be regulations either using the existing laws or ones to be yet created. To say that Bitcoin or any cryptocurrency for that matter is decentralized and can not be touched by the government is technically correct but in reality the perception on the market can be affected even by a single pronouncement by an official or representative of the government.

5ensei

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Damn right! Those bankers who we had to bail out with our taxes because they gambled our bank savings away. This won't happen on the blockchain, we must do our best to get bitcoin and altcoins out into the mainstream and take back control of our finances.

Topic: Matthew 7:12 - Whatever they do to you, you shall also do to them - page 2. (Read 490 times)