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Topic: When will banks start a war against bitcoin - page 27. (Read 16230 times)

newbie
Activity: 28
Merit: 0
I think this warrior is not going to lose the banks, I like Bitcoin very much, but it seems that it will take a long time to spread to the public, the banks are used for a lot of jobs, that is, they have taken place somewhere in our life.
full member
Activity: 630
Merit: 103
Lets not let this happen. Banks are still useful these days but they are becoming vulnerable because they are forgetting to enforce their security so they are not that secure. Bank accounts today are still opened because it is still one of the good ways to keep money. You can also invest in trusted banks if you want your idle money to earn.

If banks is seeing bitcoin as a threat then they will be overthrown because the price of bitcoin is still rising and it is gaining more power as the prices rises significantly.
member
Activity: 62
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 think it will happen and when?

I think the bank will start a war against bitcoin when the people who save money on bank are continuously decreasing and turning to bitcoin. The bank will surely improve their system to match the needs of people and to make sure the security of others money. Or they will think of something that they can also get benefits
sr. member
Activity: 994
Merit: 257
It's already happening, search for negative issues of Bitcoin and you can see national banks around the world are trying to get involved with regulation on cryptocurrencies... proposals. Key personnel would publicly speak out about Bitcoin negatively, and ponzi schemes, tax avoiders, money laundering, ICOs are some of their favorite highlights.

it's perfectly normal anyway as governments are closely tied with banks.


Yes,  you right. Someone from jp morgan declared bitcoin a fraud and would blow up. Bank start to attacks bitcoin because they are afraid of bitcoin and blockchain. Bank is the same as the another companies that don't not like anything which can disturb their business. Bitcoin has very good features that can easily attracts people to use it the use of bank service will be reduced.
Banks are probably the worst monopoly on earth and it is obvious they are not going to give up all what they have won without a fight, but they do not quite get how are they going to fight bitcoin and they are trying to do everything in their power to stall the fight with bitcoin until they find a way to beat it but it seems they are realizing it is a lost cause, they are never going to defeat bitcoin,
sr. member
Activity: 434
Merit: 250
I think banks will be forced to allow bitcoin as real currency in the nearest future, because i don't see any logical reason to start a war or battle between banks and bitcoin, in fact bitcoin will even help banks a lot more to get more users
Yes I think the peaceful way is the right option for banks, They don't need to create a war, As you said bitcoin will help banks to get more users in the future, so if they begin a world, I think it will be a very bad decisions from the goverments, and I believe that bitcoin will not be affected by that because it's too strong and people like it too much.
newbie
Activity: 42
Merit: 0
I think banks will be forced to allow bitcoin as real currency in the nearest future, because i don't see any logical reason to start a war or battle between banks and bitcoin, in fact bitcoin will even help banks a lot more to get more users
newbie
Activity: 48
Merit: 0
I think this warrior is not going to lose the banks, I like Bitcoin very much, but it seems that it will take a long time to spread to the public, the banks are used for a lot of jobs, that is, they have taken place somewhere in our life.
hero member
Activity: 756
Merit: 501
There is no way to stop bitcoin, no matter banks position neither countries position, people are free to do whatever they wanna with their money, unlike the concept of the countrie and banks wanna you to believe you need to invest into them that are the best results and safety investements. A lot knowed companies had already asked a license to operate into crypto market due to its big potencial and results, since the begining some companies did tryed to kill bitcoin, and without any sucess all of them had failed, bitcoin has conquered its space.
newbie
Activity: 44
Merit: 0

Recently, some countries have faced the problem of hyperinflation. The currencies of individual states depreciate so much that citizens have to pay a huge amount of cash bills to make even a small purchase.
newbie
Activity: 44
Merit: 0
 
the fact that the banker has become nervous for the media does not yet mean that he himself did not purchase the bitcoin)


Banks and Financial institution already starting the war against BTC. A few weeks back, CEO of JP Morgan, Jamie Dimon, called BITCOIN as a fraud. Bankers either does not want to talk about BTC or they always say negative about it. But people all around the world are accepting it as payment and investment mode. Increasing market Cap of Crypto-market has really made banker's quite nervous.
member
Activity: 81
Merit: 10
How you do anything is how you do everything..
I believe they are still figuring out a way to begin fight. Only that they shall try and fail.

They have already seen they cant beat them, reason they are joining them..
newbie
Activity: 44
Merit: 0

Currently, Bank of America has densely laid eyes on the possibilities of blocking technology. Through the latter, his employees plan to set up a real-time data tracking process. As part of this initiative, the financial institution submitted a patent application describing the use of technology in conjunction with data communication and storage devices to simplify data processing.

"This innovation can be a new technical solution to optimize the existing difficulties in the process of data transfer, processing and management, including monitoring the state of specific files in the general flow," the documentation says.

That's it, gentlemen!
THEREFORE there will be no war between Bitcoins and Banks. BUT THERE WILL BE ONLY THE BANKS THAT SUPPORT THE TECHNOLOGY OF BLOKCHEIN,
sr. member
Activity: 518
Merit: 257
Banks and Financial institution already starting the war against BTC. A few weeks back, CEO of JP Morgan, Jamie Dimon, called BITCOIN as a fraud. Bankers either does not want to talk about BTC or they always say negative about it. But people all around the world are accepting it as payment and investment mode. Increasing market Cap of Crypto-market has really made banker's quite nervous.
full member
Activity: 386
Merit: 100
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?

Why banks will start the war if bitcoin will help them to improve their holding capability if they use bitcoin as a online currency. There are some banks adopting bitcoin for payment and some are creating debit and credit card for bitcoin with a name of a bank on it.

Banks are against in bitcoin because if many people use bitcoin or keep holding it, that's very imposible that people using bitcoin are still save their money to the bank that has a little interest, some of people will choose to invest their money in bitcoin rather than to save it in money.
hero member
Activity: 826
Merit: 501
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 think when almost half of population of the world uses bitcoin as their primary monetary circulation, when all stores accept bitcoin as mode of payment, but as of now banks still the primary bridge of bitcoins to become a real money much more in countrys that have not yet fully accepts bitcoin as cryptocurrency.
full member
Activity: 420
Merit: 106
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?

Why banks will start the war if bitcoin will help them to improve their holding capability if they use bitcoin as a online currency. There are some banks adopting bitcoin for payment and some are creating debit and credit card for bitcoin with a name of a bank on it.
sr. member
Activity: 406
Merit: 250
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 think the attack has already been started by the banks. At first, the JPM CEO came up with a false statement about bitcoin being a scam which gave us an immense opportunity to buy bitcoin at a very cheaper price. Then an African bank came up with a similar statement which didn't have any impact. Now a former economist of IMF has stated that bitcoin is a bubble and it can be used for money laundering and terrorism financing activities. The impact of this statement is yet to be seen. So the attack has started and I am sure a lot of other banks will join the movement slowly and start issuing discouraging statements for bitcoin users.
full member
Activity: 798
Merit: 182
Some kind of conspiracy theory)
Why should they do this?
Yes, the market of crypto and blockchain will grow, more crypto-friendly shops will appear, more services, infrastructure will improve .. But banks will not disappear and cryptocurrency is not their enemy.
on that, and on another service always there is a client.
Just now we have more choices)
Bank are afraid with bitcoin, they can not underestimate to the growth of cryptocurrencies. They think that cryptocurrency could pose a risk to the stability of the (fiat)  financial system. Bank is who print paper money, if people are prefer like to use bitcoin, the use of their product ( paper money)  will decrease. This will reduce their income. I think the war is already happen.
newbie
Activity: 85
Merit: 0
Some kind of conspiracy theory)
Why should they do this?
Yes, the market of crypto and blockchain will grow, more crypto-friendly shops will appear, more services, infrastructure will improve .. But banks will not disappear and cryptocurrency is not their enemy.
on that, and on another service always there is a client.
Just now we have more choices)
hero member
Activity: 840
Merit: 500
Borderless for People, Frictionless for Banks
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?
Banks have realized that he had lost this battle and this they begin to independently implement the blockchain in their systems.
I dont think so and they dont really make war on bitcoin but yet they are really against on it but they didnt make any realizations since they can do anything that they want and they can really adopt or make use of blockchain technology which they would really apply for their service which is good. Bank and Bitcoin are on separate ways which we can really see advantages and disadvantages of both things.
As your said, do you want these platforms cooperate together?
Although the Bitcoin community will not have any problem when become a partner of banking system, but the government can not accept that.
Bitcoin can not control by anyone, it is really a big problem to help it get accept from the government.
Japan is really one of countries have long-term vision, I am sure Japan will become the richess country in future if other countries still do not have any plan clearly for Bitcoin.
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