When will banks start a war against bitcoin - page 24.

cryptojac17

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Quote from: guoyu78 on November 11, 2017, 02:04:41 AM

Quote from: imamimam1234 on November 05, 2017, 12:24:45 AM

Quote from: nz_sana on November 05, 2017, 12:01:42 AM

I do not see any problem in this, because the bank's main business is getting loan. If bitcoin provided customers loans as their new currency, they would have succeeded 100% of the business. If there was a bitcoin bank, them the investors and the loaners would enjoy many benefits.

If there is was a bitcoin bank, you will kill online wallet for sure

, bank will still stand like it was before with its own function, that's why online wallet do prepare to exchange your bitcoin to real money, because online wallet knows that bank accept money not bitcoin. and any fee also for their income. not start a war, because still many people using money than bitcoin, and many people exchange their bitcoin to money even not directly from bitcoin to money. (bitcoin - exchange money through wallet - cashout from bank the ending is in money form

). CMIIW

Surely there is no comparison between bank and bitcoin each is having its own characteristic so its unjust to ignore any of them, bitcoin is allowing people to earn more and be rich in short time and bank is allowing them to cash it out so to use it for buying necessities.

They both cannot get into war because banks are getting benefit from bitcoin because people are cashing out bitcoin through banks, both are connected to each other

Yeah tthey totally different in system because Bitcoin is run by blockchain technology in the system is run by the society in which the transaction is peer to peer and decentralized there is no third party involved that controled system and also it is anonymous.I dont know yet the impact to the banking system but sure ly it will reduce their depositors. But if they declare war with btc maybe they use also blockchain technology but with in their juricdation. But still they can continue to provide loan services.

fusepay

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Banks have started a war, I know Bitcoin traders who have burnt through some 50+ bank accounts, of course, now the banks want all in on the action, they are at a FOMO moment; not so clever bankers getting in on the Bitcoin and alt / blockchain gold rush.. It's six of one and half a dozen of the other...

Aryadwipanggah

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if my state drums bank war against bitcoin has been played long ago. The bank feels lost a lot of investors who save his money in the bank and choose to invest into bitcoin in the long term. so many banks in my country that says bitcoin is a scam.

mylyn2327

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Bitcoin growing so fast, so there's instances bank will see it as threat because some of people will save and invest in btc than bank. They will start war against btc when almost all establishments will accepting btc as mode of payment, rather than using credit cards which is bank no. 1 business. We will surely see that when they surely file to banned btc, its reality that bank is connected to gov't. So im sure it will happen. But still i am hoping it will not happen.

dns

newbie

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As they feel every day more and more bitcoin stronger they want to be fighting against BTC, but (I think) they can't win. The blockchain technology amazing and the future is in :-)

guoyu78

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Quote from: imamimam1234 on November 05, 2017, 12:24:45 AM

Quote from: nz_sana on November 05, 2017, 12:01:42 AM

I do not see any problem in this, because the bank's main business is getting loan. If bitcoin provided customers loans as their new currency, they would have succeeded 100% of the business. If there was a bitcoin bank, them the investors and the loaners would enjoy many benefits.

If there is was a bitcoin bank, you will kill online wallet for sure

, bank will still stand like it was before with its own function, that's why online wallet do prepare to exchange your bitcoin to real money, because online wallet knows that bank accept money not bitcoin. and any fee also for their income. not start a war, because still many people using money than bitcoin, and many people exchange their bitcoin to money even not directly from bitcoin to money. (bitcoin - exchange money through wallet - cashout from bank the ending is in money form

). CMIIW

Surely there is no comparison between bank and bitcoin each is having its own characteristic so its unjust to ignore any of them, bitcoin is allowing people to earn more and be rich in short time and bank is allowing them to cash it out so to use it for buying necessities.

They both cannot get into war because banks are getting benefit from bitcoin because people are cashing out bitcoin through banks, both are connected to each other

kiver

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Activity: 210

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bitcoin is getting stronger more and more everyday and the more fame it gets the hardest it will be to overcome banks and some government do hate and fear bitcoin but what they don't understand that this technology cold help the world financial work better and more efficient because is a worldwide crypto currencies attaching the world together which make the economy much stronger i hope they will understand the criteria about this sooner or later

bitcoinhasher1

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Is it even possible to ban crryptos? This is pandora's box. You can't put the genie back in the bottle

z38630610

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Quote from: matjas on August 10, 2017, 10:55:08 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?

I am also worried about it. It is sure that banks means governments. There are also a few governments banned bitcoin. This means that banks had already started war against bitcoin. But the number of these banks are not essential enough. Maybe in the future bitcoin will be banned in many govermenments or banks. Then we will start a war against banks.

Gloria_16

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My friend works in a bank, says many there pritorgovyvayut crypto currency despite the fact that the banks supposedly against:)

EIegantPoint

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We hope they will not. However that will happen sooner or later and the bitcoin neighborhood requirements to be aware of that. But preventing bitcoin is not easy, since the neighborhood keeps growing and banks ought to discover ways to incorporate bitcoin into their systems.

sandaru

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As I think, bitcoin has been coming along a very strong path and it will remain same further. Therefore, banks will try to reserve bitcoins.

dg2010

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Cryptocurrency is a future trend. The banks know that and they won't against Bitcoin. Instead, they will develop their cryptos. That will help them catching world trend.

Spaffin

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Banks have long been waging war against bitcoin and other crypto currencies and, it seems, they have already lost it. This is evident from the change in the rhetoric of representatives of major banks. It is more often devoted to the need to introduce blockchein technology, the need to introduce its own crypto currency inside the banking system, provide services using crypto currency, and so on. This shows that the banks will no longer be active against the crypto currency, and some statements to discredit it, it will not be harmed by the ever increasing demand for it.

xbl1008

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Quote from: pedrog on August 10, 2017, 11:04:59 AM

Quote from: matjas on August 10, 2017, 10:55:08 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 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 think bank will make their own cryptocurrencies in this matter to fight against bitcoin and for them to regulate their coin, where a centralized crypto will still in their control.. this two can co-exist with each other yes they will not care on bitcoins they have their own.

GreenBits

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Quote from: matjas on August 10, 2017, 10:55:08 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?

LOL when? Man wake up, the banks have been in bitcoins ass since we hit 1500 Grin

Banks have no reason to allow bitcoin to proliferate, its not the crypto they can regulate. thats eth in certain iterations, or ripple. notice all attacks on bitcoin as of late, and notce how like 100% of all the attack come from old school investors. its pretty much there job to hate on bitcoin; adoption of bitcoin means that they could lose the monopoly on financial services that they have enjoyed since there inception. they will lobby, they will fud. it doesnt matter, bitcoin is kind of an inevitable future, but that doesnt meant that it wont be a bumpy ride into the sunset Wink

paul00

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As bitcoin users we must not think of a war against anything for it to prevail its community. Yes, banks are starting to have some notices and suspicions on bitcoin nowadays, but i think it was due to lack of guidelines or terms and conditions of it. I think what we must think about is how can we improve bitcoin to make more entity believe and embrace it so its essence will be free from doubts. Thinking of war especially when it is just starting to be established would not help on its rapid growth and development.

daweller

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Governments will adapt by printing money with 'scratch and win' style dollars... the bill will have a public bitcoin key on it, but once scratched, it defaults to the bill denomination.

Ayiranorea

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Quote from: newlone on November 07, 2017, 02:32:18 AM

Quote from: matjas on August 10, 2017, 10:55:08 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?

In my country the banks have started the fight against bitcoin when many people have turned all their money and altcoin instead of putting it in banks.

I can't believe this, personally from my thinking banks won't directly make a war against bitcoin. This will surely make the banking system ruin their reputation as well helps in the growth of bitcoin. When bank oppose something, automatically people make plans of giving a try to experiment the reality.

n4poleon

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For all we know, they might be behind all of this chain split after all. That's how the elites do. Influence + connections resulting to made us fight ourselves within the community.

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