When will banks start a war against bitcoin - page 37.

nesty

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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?

Banks are starting already their war against Bitcoin started up with Head of JP Morgan who gave a press release that Bitcoin is fraud. A lot of people can testify that Bitcoin is not a fraud the Banks sees that will be a big threat in the Banking Industry thats why they keep on telling that bitcoin is a fraud. Even the banking industry do buy Bitcoins. If bitcoin penetrate the whole world for sure the banking industry will be closed. This is just my observation.

f1tz14

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There is always going to be a 'rub' between banks and crypto as it is an unregulated market. It depends entirely on them adopting this technology as well as new investors coming in to see the potential. This and maturing of the technology with real world applications will dictate actions from banks (you have to look at ripple and the like which are actually working with the banking systems.

I see there being 2 streams for the future,

1). Banks trying to get on board as the investment and market caps increase, (they won't want to miss out on growth, particularly with such low interest rates globally and hungry investors as early adopters), for 'transparent' coins and systems

2) Anonymous coins adopted for those people that are sick of banks, investors and the 'old' economy. I think both of these streams will experience growth tbh and will be exceedingly difficult to stifle as they are all de-centralised

CryptonomyCapital

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Banks will not start a war, they will integrate bitcoin into their system.

eleah24

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Since the government would always want that they would be the empowered one I think they would be able to start a war against bitcoin when bitcoin has been overpowering the banks owadays. And since not all people have knowledge about bitcoin they are not that alarmed yet and when the time comes that bitcoin has been overpowering banks they would do everything in their power to shut down the bitcoin community and what they are also worried about is that bitcoin could be an alliance on money laundering and some crimes with respect to the computers and internet world.

Bitcoincole

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Quote from: dreamer81 on September 18, 2017, 06:30:21 AM

The war has allready been started many years ago. Banks have been spreading FUD about crypto for as long as I can remember.
Just prepare yourself for a tougher war in the years to come, once the banks feels their shit burn in their holes.

I don't think there is negativity behind the banks agianst the bitcoin. But it was already started there relationship when it was constracted the basis of payment that digital currency is legal and a true money in digital currency form.

dreamer81

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The war has allready been started many years ago. Banks have been spreading FUD about crypto for as long as I can remember.
Just prepare yourself for a tougher war in the years to come, once the banks feels their shit burn in their holes.

setupbounds

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Quote from: Scorpion on September 14, 2017, 01:50:23 AM

I believe it has already started with the negative news articles and false information being spread about Bitcoin. The myth that Bitcoin is only for drugs is one of the lies that we have to stomp out when people hear the word Bitcoin.

Not exactly, we cannot blame all the banks of the world for one bank's move. Similarly, it is not correct to think that all governments are going to start campaigns against bitcoins due to few ones. Moreover, many countries are supporting bitcoins and its investors are increasing day by day.

sasaku bitbit

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may bank have already begun will not be a war against bitcoin as more and more investors are attracted to the price value of bitcoin which has potential as a valuable currency even if the Government in every country throughout the world agree consider the bitcoin as currency then they will begin to accept bitcoin wallet by making special bitcoin, this will provide a mutually beneficial

Bitcotalk

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Quote from: DanetonBit on September 10, 2017, 02:53:18 AM

Some banks clearly don't want to hear anything about bitcoin....there's are restrictions placed on your account if they find out

I am inclined to agree with you. For instance, the Central Bank of Albania issued warnings to bitcoin investor. Such steps would definitely cause hesitation and chaos among new investors. Whereas, there are some banks like Central Bank of Philippine that legalized bitcoins. At the moment, it is very difficult to say what will be the future of banks and bitcoins.

Sowik

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They already started it LMAO, the guy from J P Morgan - pure as s move...

Scorpion

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Bitcoin OG

I believe it has already started with the negative news articles and false information being spread about Bitcoin. The myth that Bitcoin is only for drugs is one of the lies that we have to stomp out when people hear the word Bitcoin.

fullhdpixel

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Quote from: lehoang3369 on September 10, 2017, 01:59:27 AM

I do not think that will happen. We need banks for the economy. Tell bitcoin to become such a huge bank to shut down. How will you handle fraud? How will you borrow? This is not possible without a bank, and bitcoin can not solve the problem like this.

Yeah I think it is quite possible that banks start a war against bit coin soon because of its increasing popularity among the people belonging to different regions of the world. Banks feel more unsecured because of the following characteristics of bit coins:
   Encrypted virtual currency
   Anti theft
   Exponential growth
   Decentralized currency
   Globally accepted

bohr

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Quote from: jatin729 on September 10, 2017, 12:41:02 AM

banking sector will not start war against bitcoins because " bill gates said No one can control bitcoins and no one can stop bitcoins".
war will begin if banking sector comes with own digital currency than we can say that war begins with bitcoin and banks..

Bill Gates is not a banker, he is a man of technology so it is obvious that he can see the merits on bitcoin and why people will like to use it, bankers on the other hand see noting but competitor and I will assure you they are not happy with this, they are in the most profitable industry in the whole world and they are not going to give up their profits that easily.

Images21

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I bet they won't. The battle is about survival of the fittest. The banking world is a little bit threatened with the constant and consistent of cryptocurrencies but they know very well that they are well-entrenched in the system and that they remain one of the most powerful bodies. But they just have to consider the probability of getting one or two techniques from crypto.

sekapai

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All government and banks are scam. They printed paper and declare it as a legal money.
They control people all over the country and nobody may hide from them.
they win all the time.

Bitcoin is legal due to the spreading of bicoin is based on POW.
Win win for bicoin and people.

expertofexperts

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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 think its not only banks, its government of many countries who are facing huge challenges. Most countries are trying to bring law against transactions in BTC. Its more like parallel economy and sooner or later, there might be some kind of hammer coming on it from US or UK or Russia. Still Bill gates and Warren Buffet is putting lot of faith on BTC. I think even Swiss banks are facing it as challenge. As tax heavens are finding investments hard..

SIHIN

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I think banks will not possibly fight against bitcoin
they will instead join bitcoin.
because they definitely see a lot of enthusiasts or investors against bitcoin

DanetonBit

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Some banks clearly don't want to hear anything about bitcoin....there's are restrictions placed on your account if they find out

longml

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We hope they will not. But that will happen sooner or later and the bitcoin community needs to be aware of that. But stopping bitcoin is not easy, because the community is growing and banks should find ways to integrate bitcoin into their systems.

lehoang3369

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I do not think that will happen. We need banks for the economy. Tell bitcoin to become such a huge bank to shut down. How will you handle fraud? How will you borrow? This is not possible without a bank, and bitcoin can not solve the problem like this.

Topic: When will banks start a war against bitcoin - page 37. (Read 16230 times)