Topic: When will banks start a war against bitcoin (Read 16230 times)
Banks waging campaigns again bitcoin and other decentralized crypto actually started already. Although not all are doing these. Some banks are probably seeing a potential so they will just join the train and profit with it. I can picture these banks to have their own blockchains and crypto currencies in the future.
I believe that war against bitcoin wouldn't be happen because banks can treat bitcoin as its friend just look for the good side or benefits that they can get in crypto.
Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
That is an unnecessary war for the bank when I saw that bitcoin was bringing a new future to the bank, it is offering the bank an opportunity to open a crypto storage service, this will bring a lot of good points to the bank, banks will not be foolish against their future. In the present time, Bitcoin is also contributing to help banks get more money when the cost of transferring money to buy Bitcoin is very much, and the bank is also helping the buying and selling Bitcoin becomes more convenient, both are in a cooperative relationship, meaningless battle will not occurDo not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
Bitcoin is more better than services of bank for transfering money.
You do not need to verify anything, but you can still send many money, even billion dollar through Bitcoin easily with a fee lower than $100.
I remember my friend had to pay for a one-day transaction from Asia to the US at a fees is 1.5% of total money transfer.
Banks will not declare war against cryptocurrency because they know the capacity and capabilities of the this new technology. I believe they will join the community because they will collapse if they go against it. Infact they already join the community, they came up with RIPPLE and Stellar Lumens.
A lot of people see bitcoin a metide save a modern and very generous money. Saving money and getting tax every month bitcoin no tax every month. People assume saving in the bank will only spend money while if we save bitcoin will benefit. I'm sure more and more people are familiar with bitcoin .
For me, banks and bitcoin started the war when bitcoin is introduce in this world. We all know that bitcoin is the first decentralized digital currency and aiming to become a worldwide payment system that can work without a single administrator or central banks. Bitcoin is created so that people have a freedom to transact their money will no fee and can’t control by the central banks or government sectors. Bitcoin face this issue a long time ago, and the result is excellent now there are some companies are willing to accept bitcoin as payment. But the war between bitcoin and banks is still ongoing but not in physically, but in the people who will they trust, use and accept. 
They will lose this war, not all of them ofc, they have to renew their business model, to keep the activities, anyway, it is a financial revolution, it cant be forever, old traditions die, new tehcnologies take the place.
I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
banksters were in a war against bitcoin when it was founded, even before they illegalised it and told the police to hunt down all that engage into financial system without a license (which they charged a huge amount of money of their own currency first)
the banksters however are extremly wastefull end inefficient they cant oppose bitcoin very well, what makes them even weaker are the laws especially copyright laws they are supposed to obey, so main thing they do now is try to hire or buy a blockchian startup to work for them.
regards
I think banks wouldn't start a war against bitcoin because they can treat bitcoin as their friend.
Bitcoin can be use as alternative money of the people to reduce producing money such as bills and coins. By this, we will reduce having debt in to World Bank.
Bitcoin can be use as alternative money of the people to reduce producing money such as bills and coins. By this, we will reduce having debt in to World Bank.
There is already a rivalry between the company of bitcoin and bank; the successive success of the bitcoins in this industry raise a big threat in the commercial banks that the role they have can be replaced by the bitcoin.
As we know that bitcoin will still exist when the banks are fully working in the economy and i think the banks will not perform the functions which bitcoin does in the future so i think the bank will not start a war but it will give a positive opportunity to bitcoin to be the best form of currency and monetary management in the market now the crypto market is capturing the world market for different reason like the first one the bitcoin is the future currency through which many people will use this for buying and E Business.
I believe that war against bitcoin wouldn't be happen because banks can treat bitcoin as its friend just look for the good side or benefits that they can get in crypto.
Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
It is impossible to replace bitcoin with real money, but banks are likely to release their cryptocurrency world,as too much money is spinning in bitcoins Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
Its hard to prognoses. Banks will negatively not try to resist to bitcoin if they don't feel that it seriously influences their business that now not so. Even closing of accounts is connected with chargebacks and so forth the most part of time, but not direct war against bitcoin
The fact, Bitcoin is affected by the government and banking system. You can see many rumor and FUD from these forces made the value of Bitcoin dumped many values within short time in this year. I can not negate the whale also control the value of Bitcoin and take advantage these FUD to make the Bitcoin price become lower more.
Its hard to prognoses. Banks will negatively not try to resist to bitcoin if they don't feel that it seriously influences their business that now not so. Even closing of accounts is connected with chargebacks and so forth the most part of time, but not direct war against bitcoin
Hi;
That war already started. Where were you in last six months?
Kind regards
That war already started. Where were you in last six months?
Kind regards
I don't think it will come to an extent for bank to start a war against bitcoin. The innovation of bitcoin as a currency is a different concept that is entirely different from the usual fiat currency. As long as the fiat currency is still in existence, so also will banks.
I believe that war against bitcoin wouldn't be happen because banks can treat bitcoin as its friend just look for the good side or benefits that they can get in crypto.
Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
That is an unnecessary war for the bank when I saw that bitcoin was bringing a new future to the bank, it is offering the bank an opportunity to open a crypto storage service, this will bring a lot of good points to the bank, banks will not be foolish against their future. In the present time, Bitcoin is also contributing to help banks get more money when the cost of transferring money to buy Bitcoin is very much, and the bank is also helping the buying and selling Bitcoin becomes more convenient, both are in a cooperative relationship, meaningless battle will not occur Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
Every day more and more banks around the world closing the bank accounts of bitcoin users and bitcoin-related businesses, it could very negatively impact the price.
Soon bitcoin will move so quickly that development will catch up on all parts of our planet and banks and shops and the Internet will be paid by bitcoin .... This I dreamed right now.
I believe that war against bitcoin wouldn't be happen because banks can treat bitcoin as its friend just look for the good side or benefits that they can get in crypto.
Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
Banks will replace traditional money
https://www.finews.asia/finance/25995-banks-going-cashless-in-singapore
http://www.afr.com/technology/commonwealth-bank-tech-chief-foreshadows-cashless-australia-20170608-gwndhm
https://bankinnovation.net/tag/cashless/
https://www.investopedia.com/slide-show/countries-are-going-cashless/
etc etc etc
I believe that war against bitcoin wouldn't be happen because banks can treat bitcoin as its friend just look for the good side or benefits that they can get in crypto.
Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
Jump to: