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Topic: When will banks start a war against bitcoin - page 18. (Read 16234 times)

sr. member
Activity: 615
Merit: 258
The commercial banks and bitcoin has a good relationship as of now;  but for me sooner or later they will become a big rival to each journey. 
Bitcoins has a big threat in the commercial banks operation;  from the excellent service that the company and management of bitcoin provided,  they can be obsolete in this particular industry.
full member
Activity: 406
Merit: 100

Its presently in the gray area as this subject is quite controversial. We do not know whether the banks are in favour of crypto currencies or not.Even if they are , there are lot of regulations that need to be applied for and implemented as well. If they are not in favour, we can just watch the coins like a bubble and we do not know their future. Its basically few coins are progressing rest are not upto the mark.
member
Activity: 119
Merit: 14
Kawa
Banks already start a war against decentralization and their instrument is Ripple. Ripple was designed for banks and global money transfers and it's fully centralized and controlled.
member
Activity: 378
Merit: 10
The bank, despite its efforts, is not able to fight off bitcoin as it is, if it can do it, the governments have done so to prevent bitcoin from developing as it is today. Now I know that some banks are researching the use of blockchain technology in financial management, I think this is the right direction of banks instead of potential to prevent bitcoin, a job that does not benefit. for them.
full member
Activity: 556
Merit: 100
I think it's soon gonna happen and Banks all over the world will united and against Bitcoin in an organization.
I don't see any reasons why bank should start a war against Bitcoin. There are some transaction of bitcoin and bank are same but it has also have different transaction bitcoin can provide and bank are not same with the bank.Opposite side.
member
Activity: 168
Merit: 10
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 thing it will happen and when?

People been making those kind of allegations and other complicated conspiracy theories since bitcoin's inception, it never happened and it will never happen, people working at banks don't care about bitcoin, shareholders don't care, CEOs don't care, tellers even less.

They only complain about the unfair paying field, they have to spend millions in compliance while some bitcoin startups who offer similar services don't.

I don't think so. Instead, I foresee that banks would adjust and make their system jive in with the cryptrocurrency market. Banks, in the simplest senses, are business entities where their main objective is to earn more money through different means such as investing, interest imposition on loans and other lending operations, therefore, seeing how the cryptocurrency market has been booming right now, I think banks would also try to capitalize on that so that they can also earn through the bitcoin market. I think right now, some banks have already made the necessary adjustments in order to do so, and other would certainly follow suit.
sr. member
Activity: 726
Merit: 251
There are so many who preach instead of declaring war against bitcoin, banks have to adjust their customer base. In the end too many people will hear about bitcoin and decide to save their funds into bitcoin wallets but not banks. Cool
sr. member
Activity: 742
Merit: 251
Banks have already started war on bitcoin holders they cant stop so they will humilate collect taxs from bitcoin holders
Right that but mates not only investment but people are using bitcoin as saving and making money. Today people prefer to invest money in bitcoin instead of keeping in banks and holding only money for long time with no profit and money making. I use bitcoin for investment and will have it for long so that my bitcoin will make me earn high amount of profit than keeping my capital in bank with no profit and if having then having very low.
hero member
Activity: 648
Merit: 502
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?

I don't see any signs that banks wanting a war with bitcoin here in our country but instead our central bank just released a guidelines on how to avoid being scam by ICO's and other investing sites using the digital currencies. Bitcoin is not legal here and not ban too but our major banks is in partnership with our local exchanges in which we can cash out or receive our bitcoin to fiat convertions thru the banks. You may check our coins.ph site for your reference and confirmation.

This is a very big topic and a very big issue. As we have seen in the past few years, some central banks are regulating BTC and some are just in the observation process, some banned it even if it is not reasonable enough. I think the war is ongoing just like the war on drugs because we don't even know what is happening on the inside of the system, what we are just seeing are the latest news but we don't see how much blood they have put into this. We don't even know that satoshi is still alive. The only thing that cant deny by these elite is that blockchain is an ever evolving technology and they cant stop the emergence of dapps, dOS, and many more that's why they cant put much resistance. They will decide to implement the decentralized system too, mark my words because as the old live have said.
If you can't beat them, Join them. Wink
member
Activity: 112
Merit: 10
Governments want to profit from money already the war is on many countries have banned bitcoin
full member
Activity: 225
Merit: 100
Augmented Reality World Discovered
war is began already, long ago banks starts their strikes against bitcoin, war silently continuous to the develop as banks want to hold power to manipulate with currencies and cash.
member
Activity: 196
Merit: 10
Bitcoin is the future! Instead of declaring war against bitcoin, banks should adapt their customer base. In the end, more people will hear about bitcoin and decide to keep their funds in bitcoin wallets, instead of banks. I wish good luck to the cryptomir. It's time to reach the new level!  Wink
full member
Activity: 322
Merit: 100
First 100% Liquid Stablecoin Backed by Gold
December 30, 2017, 07:37:43 PM
I think it's soon gonna happen and Banks all over the world will united and against Bitcoin in an organization.
if I think maybe even in the future Bank succumbed to the growing use of bitcoin and then the Bank in the world began to implement such a bitcoin system because the benefits of the system can be used for the banking process
jr. member
Activity: 59
Merit: 10
December 30, 2017, 07:33:33 PM
I think it's soon gonna happen and Banks all over the world will united and against Bitcoin in an organization.
member
Activity: 280
Merit: 11
December 30, 2017, 10:24:23 AM
Banks have already started war on bitcoin holders they cant stop so they will humilate collect taxs from bitcoin holders
hero member
Activity: 1316
Merit: 502
December 30, 2017, 10:14:27 AM
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.
Exactly, bitcoin has no great influence on banks because in theory, bitcoin is considered as a currency but in fact, we all here only consider bitcoin as an ideal investment destination, that means that people still trust the bank more than bitcoin, people still convert bitcoin into cash without holding the bitcoin for too long, high price and reasonable will sell. In addition, banks receiving benefits from bitcoin and bitcoin also receive benefits from banks, both help each other grow, so do not be against each other
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
December 30, 2017, 08:37:23 AM
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.
member
Activity: 251
Merit: 10
December 30, 2017, 08:12:59 AM
this is a struggle every day the normal money also lends itself to all that but who has been able to regulate so that they do not do all those criminal activities is natural to human as there is well there is also bad we go ahead with bitcoin which is our best option alos banks it hurts because it takes away the business they have already established they are the first money launderers and extort us with such high interest and they regulate us the money that we can take out or transfer in bitcoin we do not have that problem is without limit
newbie
Activity: 364
Merit: 0
December 30, 2017, 07:58:30 AM
Despite the fact that we are still at a start of cryptocurrencies' era,  Bitcoin is growing with amazing speed, Banks" war against Bitcoin may start at any point in time, for the prospective irrelevance of a need for banking industry is seriously looming.

Other side bank system integrate with BTC , so we can make transaction with bank like others market
member
Activity: 210
Merit: 10
December 28, 2017, 01:12:12 AM
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?

Bitcoin too popular right now. Whatever will the bank do not able to stop the progression of the bitcoin. I think it is good if bank to join use bitcoin.
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