Pages:
Author

Topic: The Silent War On Bitcoin Has Begun! - page 2. (Read 2418 times)

hero member
Activity: 672
Merit: 503
February 08, 2015, 08:06:20 PM
#26
The Bitcoin Wars is the like the Cold War, it looks like it isn't happening but it is indeed happening.
legendary
Activity: 1260
Merit: 1001
February 08, 2015, 07:22:51 PM
#25
It may have been too small a year ago, not so much anymore. Everyone is practically talking about Bitcoin these days, usage still needs to grow, but that is precisely what the bankers fear. Bitcoin can overtake them very quickly without them having much time to react, that is what they are worried about.

Bitcoin is too small a problem for them right now, their fiat must survive and that is getting more and more difficult as more people are discovering their scam
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
February 08, 2015, 07:05:39 PM
#24
Bitcoin is too small a problem for them right now, their fiat must survive and that is getting more and more difficult as more people are discovering their scam
legendary
Activity: 1260
Merit: 1001
February 08, 2015, 10:53:28 AM
#23
It will only get worse, they can't allow cryptos to succeed, it is a direct challenge to their power. The best they can do is try to subvert it somehow, but that will fail as well. No one likes the big banks after what happened in 2007. Once this quagmire in Europe starts to unravel and the big boys start feeling the heat it will only be a matter of time before the large banks start go under!

Every institution is attacking bitcoin since one year ago, there was a bill still report on this, its indeed a silent war in the making.
legendary
Activity: 1204
Merit: 1028
February 08, 2015, 10:30:28 AM
#22
Every institution is attacking bitcoin since one year ago, there was a bill still report on this, its indeed a silent war in the making.
hero member
Activity: 504
Merit: 500
February 08, 2015, 10:18:10 AM
#21
when it gets to the point were banks charge customers to hold there fiat this will be the nail in the coffin. I'm thinking home safe sales will increase, will see.

When it gets to the point...? What? They already do charge money to hold money for people. http://blogs.reuters.com/data-dive/2015/01/16/why-people-pay-banks-to-hold-their-money/
hero member
Activity: 770
Merit: 509
February 08, 2015, 10:01:10 AM
#20
I think banks may be doing this to prevent money laundering rather than just to cause war against bitcoin. Though I can certainly see why the banks would oppose bitcoin as it could threaten their bottom line.

if they have the idea that BTC = money laundering, then they want war against BTC.

and the banks banning btc = people going to other banks.

if BTC goes to moon they won't want lose so many costumers.
The problem is if they ban every single bank accepting BTC and make withdrawing BTC to USD/or any fiat a crime.
The solution should be that we do not need to convert BTC into fiat because BTC by itself should be a currency.
Q7
sr. member
Activity: 448
Merit: 250
February 08, 2015, 07:42:17 AM
#19
Any other reason I could think of are probably those negative news we have been getting lately related to crime and illegal activities. I supposed that gave the wrong perception that conducting trades in bitcoin are bad.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
February 08, 2015, 02:27:39 AM
#18
Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.
Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?


I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job.

Is it an inside job or a socialist conspiracy?
Oh dear... *backs away slowly*
legendary
Activity: 2212
Merit: 1038
February 08, 2015, 01:44:27 AM
#17
Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.
Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?


I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job.

Is it an inside job or a socialist conspiracy? Lets ask some questions:

a) Is the brain wallet software really the best way to generate a private key?

b) With your questionably generated key safely scribbled on a piece of paper it's placed in the hands of a 3rd party i.e. a safety deposit box with a fee paid out to the 3rd party for their service. Why not enscribe a properly generated key on the back of a ring or use some other means of safely storing it?

c) Why pay money and give control to a 3rd party all while opening the door a crack for hackers who are targeting the brain wallet keyspace?

d) Why does the number '33' appear at least once?

e) How much gold did the Nazsi's confiscate?

f) What happened to all the gold in World Trade Center: Building #7 during the 9/11 incident?

legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
February 07, 2015, 09:09:18 PM
#16
Banks are hunting accounts that are conducting any biz related to Bitcoin.

http://www.btcfeed.net/news/silent-war-bitcoin-begun/


First they ignore you, then they laugh at you, then they fight you, then you win.

-Mahatma Gandhi


So even tho this means we're on 3rd stage from 4 of them, it will be interesting to see how are people going to make payments for bitcoin trading.
There are no worse enemy than banks, because politicians are corrupted and will definetly  stand by their side.
Bitcoin was created out of banks greed for provisions and interests, it no surprise they're the ones fighting the most, but isn't there something illegal in terminating accounts just because
thy're used for bitcoin related transactions?
legendary
Activity: 1260
Merit: 1001
February 07, 2015, 09:08:12 PM
#15
If Bitcoin succeeds in a major way, the Banks will be out of biz and they know it. No one will be using then anymore, their need to exist will simply cease. They are the middle men.

I think banks may be doing this to prevent money laundering rather than just to cause war against bitcoin. Though I can certainly see why the banks would oppose bitcoin as it could threaten their bottom line.

if they have the idea that BTC = money laundering, then they want war against BTC.

and the banks banning btc = people going to other banks.

if BTC goes to moon they won't want lose so many costumers.
full member
Activity: 253
Merit: 100
February 07, 2015, 08:44:41 PM
#14
when i mention safes I mean a safe for the home not deposit boxes.

money laundering ? not hsbc lol

https://www.youtube.com/watch?v=QRYEFEJRw44
legendary
Activity: 1120
Merit: 1000
February 07, 2015, 08:22:09 PM
#13
I think banks may be doing this to prevent money laundering rather than just to cause war against bitcoin. Though I can certainly see why the banks would oppose bitcoin as it could threaten their bottom line.

if they have the idea that BTC = money laundering, then they want war against BTC.

and the banks banning btc = people going to other banks.

if BTC goes to moon they won't want lose so many costumers.
legendary
Activity: 1260
Merit: 1001
February 07, 2015, 08:17:40 PM
#12
My rule is, if it is not in your hands you don't own it!

Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.
Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?


I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job.
sr. member
Activity: 327
Merit: 250
February 07, 2015, 08:05:48 PM
#11
Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.
Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?


I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job.
legendary
Activity: 1260
Merit: 1001
February 07, 2015, 07:46:45 PM
#10
Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.
Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?

member
Activity: 112
Merit: 10
February 07, 2015, 07:31:56 PM
#9
Haha, good point, investing in home safes might not be a bad idea.
Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?
hero member
Activity: 672
Merit: 500
February 07, 2015, 07:13:56 PM
#8
UK banks have been closing accounts associated with bitcoin trades for months, if not years. They do not ask the account holders about how they come in contact with bitcoin for legit reasons. They just terminate accounts.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
February 07, 2015, 07:03:01 PM
#7
Haha, good point, investing in home safes might not be a bad idea.
Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.
Pages:
Jump to: