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Topic: When will banks start a war against bitcoin - page 28. (Read 16235 times)

full member
Activity: 476
Merit: 100
Nobody will not start war, people was using banks till bitcoin came and they will use them, because banks have the most powerful defence for their clients, u can save there money and put them for %, bitcoins is like a black money, both system getting unbelievable profit and nobody dont want to loose their reputation.
Yes you are right since bitcoin come to market since from that day till now people are still using banks and bitcoin is not going to do something wrong that bank can start a war against bitcoin is not an enemy that bank can start a war it’s a friend of human beings and as well as it’s a friend of any country so we need to support bitcoin.
newbie
Activity: 13
Merit: 0
Banks are definitely a big time HATERS of BTC. It is because if people start using BTC instead of fiat, nobody going to keep the money in their bank account and it all starting transfer to their crypto wallet. If something like this happen, whole economy will collapse coz bank never have that much cash reserve with them that give payment to all the depositors. NO DEPOSITS...NO LOAN SERVICE...means NO REVENUE.

They will just increase fractional reserve lending to 1:100 or 1:1000 or print more money, they control the system and can tweak it whatever way they want.
member
Activity: 107
Merit: 12
If it was going to happen then it would of already be happening now. The price is strong and the community is growing they have probably missed their chance.
sr. member
Activity: 630
Merit: 257
Some banks in my country are claiming that they are trying to "adapt" blockchain which is for them a new technology and they seem to be proud of it. They might have seen some kind of danger in Bitcoin, time will show us.

Banks are never against BLOCKCHAIN technology. They also do appreciate this technology and accept that BLOCKCHAIN is the future of banking services. What worries them is the decentralized Currency which are already being trading on this technology.
sr. member
Activity: 630
Merit: 257
Banks are definitely a big time HATERS of BTC. It is because if people start using BTC instead of fiat, nobody going to keep the money in their bank account and it all starting transfer to their crypto wallet. If something like this happen, whole economy will collapse coz bank never have that much cash reserve with them that give payment to all the depositors. NO DEPOSITS...NO LOAN SERVICE...means NO REVENUE.
member
Activity: 280
Merit: 14
bitcoin is a competitor for some types of banks that deal with sending customers' money to offshore. This is primarily the banks of England and Switzerland, and some others. For them, bitcoin is the enemy first.
sr. member
Activity: 385
Merit: 250
Nobody will not start war, people was using banks till bitcoin came and they will use them, because banks have the most powerful defence for their clients, u can save there money and put them for %, bitcoins is like a black money, both system getting unbelievable profit and nobody dont want to loose their reputation.

Banks hate bitcoin actually. Bitcoin places control from central entities such as banks, to the actual owner of the money. No one will need their services if everyone starts using bitcoins.
member
Activity: 97
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?
Almost all banks refuse bitcoin, because in the future no longer needed bank for transactions, bitcoin does not recognize inflation
which makes the bankers / elites no longer able to control the value of the currency.
But the biggest disadvantage of bitcoin is its anonymous, it should be traced so that users for negative transactions can be overcome.
full member
Activity: 305
Merit: 107
I'm going to eat your cookies
If the exchange rate of USD and bitcoin becomes higher a lot of people will invest to it, and soon transactions on bitcoin will be made as well.
Its just a matter of time before the government will try to manipulate bitcoin.
Of course, the lack of control of the government toward this is a threat. For example, On illegal businesses, bitcoins can be used for illegal acquisition of items in the black market which I think is possible - government cannot tracked the bad guys.
Also, since the government has no control they cannot taxed every transactions made with btc which is also a loss of income to the government.
hero member
Activity: 2730
Merit: 632
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.
full member
Activity: 588
Merit: 103
When the bitcoin i thinks hit $10,000 or more because it's not be decentralized by banks and bitcoin has a blockchain that provide itself to be fast transactions
full member
Activity: 560
Merit: 180
I'm Matured Now
Banks can do nothing they dnt even have that strength.only the politicians can do it
full member
Activity: 280
Merit: 101
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.
newbie
Activity: 56
Merit: 0
Nobody will not start war, people was using banks till bitcoin came and they will use them, because banks have the most powerful defence for their clients, u can save there money and put them for %, bitcoins is like a black money, both system getting unbelievable profit and nobody dont want to loose their reputation.
full member
Activity: 420
Merit: 110
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?
Soon for sure. Not banks I think governments are going to do such campaign. We have already seen people like JP morgan criticizing bitcoin. So this war is going to come soon. Banks will never want to lose control.
hero member
Activity: 1680
Merit: 655
From all the news headlines I have seen and heard banks looking Bitcoin as a threat is one of the most unreal topics out there because I cannot see it  and banks are financial business in which you cannot destroy, even the governments rely on their central banks. A cryptocurrency like Bitcoin cannot really post a threat on a banking business as if you are thinking that by using Wallet you are earning more will change people's minds you are wrong because the main point of putting money into banks is by securing it and not by earning from it.
full member
Activity: 420
Merit: 100
Qravity is a decentralized content production
I'm worried about that thing too, although i think bank shouldn't act that way.
I mean, although bitcoin is becoming greater, i bet there are still people that will use bank services. Why don't both bitcoin and bank work together and maybe make something great? Rather than taking down on one side because afraid of loss.
full member
Activity: 154
Merit: 100
Banks can not do anything!
War can be started by politicians or coutries.

   
On the contrary banks came close blockchain technology (look at the partnership between Ripple and Unicredit, Santander or UBS).
sr. member
Activity: 350
Merit: 250
IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.
I think not all banks against bitcoin. Other banks are private and not possession by government. If the bitcoin will go higher demand by the people maybe other banks will upgrade their services to accept bitcoin. Always threat is the government they want to charge some taxes to the players of bitcoin.

As you said that not every banks are against bitcoin. If i tell you that banks are willing to accept bitcoin what would you think about this. The main thing is that if government give a touch to banks to allow bitcoin then trust me the bank profit will be even more better than before revenue. Because bitcoin is not harming banks but bitcoin playing very good role in everything bitcoin is making everything even more better.
hero member
Activity: 1078
Merit: 501
it will not going to start a war against bitcoin since bank has a lot of offers not just only saving our money. Saving money is the common reason why we are opening an account in banks, but they are also have a lot offers like, car loan, house loan, credit card, insurance and we can also pay bills with them and many more. It is depend on us on how we see bank and bitcoin because for me there are far different from each other so there is no need to start some war.  Grin
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