When will banks start a war against bitcoin - page 40.

p3ppymon

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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?

With respect to money laundering, governments should seek different strategies in order to minimise the power of decentralised structures. A this is definitely a very difficult task. Banks cannot do that without such support.
I can see a war for the profit, as the revenue from cryptocurrency transaction doesn't go to the hands of few financial institutions.

Adbitco

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Regulating bitcoin doesn't necessarily mean banning bitcoin. Banks don't need to be opposed to bitcoin at least for now as they still are more popular and have people as their customers than bitcoin. The conditions may be different in every country, here where I live government seem to have more positive approach and view about bitcoin than the negative one and yes the blockchain technology is widely appreciated by the government and banks here so at least for now there seems no possibility that bank should start a war against bitcoin.

panganib999

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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?

in my opinion, i guess the war alreadh started in banks and bitcoin as the bitcoin become popular in all over the globe there will be no banks i guess as the people continue to adopt the technology of bitcoin they will also be attracted in the perks this biycoin gives to us.

Pattart

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Quote from: loading... on August 23, 2017, 10:50:52 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?

No. They will not declare any war because bitcoin and banks as I can see they didn't have any reasons to declare war. And simple, the function of bank is to protect, groe and store money of the people while bitcoin function is to earn or serves as the extra income for the people. The bitcoin and banks are the quite good combination in order for your money to be saved and protected.

Yeah I think both have different functions, I do not see any competition between them. Maybe if you've heard if the bank forbids bitcoin transactions. Maybe it is a regulation from the government because they does not like bitcoin and is implemented in all the banks in the country. The only key on the government about the bank will accept or fight with bitcoin

kuyaJ

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Quote from: Coffee135 on August 10, 2017, 11:11:04 AM

All banks controlled by the government so you can not even doubt that such a war would be. But against any poison there is always an antidote. If such a war starts we will look for ways to circumvent the restrictions. To stop bitcoin is not a force any Bank.

Government are not the one who create bitcoin so they havent power to control it but they have a freedom to have an action. Bitcoin being popular in the 8 years only about million users are use bitcoin, how about if 2 or more years? When someone know about bitcoin he/she might be tell it to his/her friend thats why the bitcoin being popular. If we have a potential war, many people fight againts bitcoin because they know the importance of this and they have any dreams that bitcoin can only do that.

bohr

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Quote from: Yaramrd on August 19, 2017, 11:36:30 AM

Quote from: kuryadi on August 14, 2017, 10:11:58 AM

I think this is indeed a threat to the bank. A lot of people see bitcoin a metide save a modern and very generous money. Unlike banks .. saving money and getting tax every month bitcoin no tax every month. People assume saving in the bank will only spend money while if we save bitcoin will benefit. I'm sure more and more people are familiar with bitcoin .. maybe customers in the bank will move on to bitcoin.

As you say more and more people are familer with Bitcoin I think in future banks will adopt trading in Bitcoins rather starting a war against Bitcoin. Bitcoin is the future and soon we will see banks will start dealing in Bitcoins. The growth of Bitcoin is attracting people and institutions day by day.

I do not think things are going to be so peaceful, banks can clearly see the threat that is bitcoin, they are not going to adopt it unless they have to and they are going to resist doing so, can you imagine the amount of money banks are going to lose in fees, the power they are going to lose, banks are so powerful because people have chosen to give that power to them by letting them store their entire savings if people no longer do that banks get weaker.

umbara ardian

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The possibility that it will happen, can not be determined when it will happen, if the trust to the bank decreased or any bank transactions are so high. Everyone will definitely switch on bitcoin. I think so, banks have started to panic and have prepared a strategy to deal with bitcoin. Or the bank wants to cooperate with bitcoin.

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Quote from: coinzoid on August 23, 2017, 10:33:49 AM

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.

It is not the banks par se that has some issues with Bitcoin, but their masters - the governments, that calls the shot by fronting their central banks. An average goes wherever profits exists, but in the case of bitcoin and other cryptocurrencies, banks will certainly do the bidding of their masters.

Caelanpelley

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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?

Yes, this can happen at any time. When they feel that bitcoins are threatening their interests, they will fight it. Reported, destroys the market of bitcoin. This would be very bad for us - investors and bitcoin. I'm sure none of us want that.

loading...

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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?

No. They will not declare any war because bitcoin and banks as I can see they didn't have any reasons to declare war. And simple, the function of bank is to protect, groe and store money of the people while bitcoin function is to earn or serves as the extra income for the people. The bitcoin and banks are the quite good combination in order for your money to be saved and protected.

coinzoid

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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.

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let's hope they will not do. but such thing will happen sooner or later and the bitcoin community should be aware of that.
but stopping the bitcoin is not that easy, since the community is growing more and more and banks should find a way to integrate bitcoin in their system.

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Quote from: RajaJudi on August 15, 2017, 12:27:50 PM

I do not think that bank will start a war against bitcoin due to many reasons. Bitcoin is good right now and people are in love with bitcoin. The number of bitcoin users increases every year and if banks against bitcoin, the number of people who use bank will decrease sharply

Literally it's not the same as war like happened in the past or in history but I think it won't be like that I guess there are strategic ways of how banks target bitcoin. They already know that it's been running for years and many people are having good feedback about it. That's why some are shifting investment or savings from the bank to bitcoin. Banks are of course competitive when it comes to their business. Therefore, they may be hire some professionals to see how bitcoin movements in the economy.

dynospytan

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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?

For me I think it will never happen that banks will start war against bitcoin. We all know that all of the people in this world needs a tangible money for them to buy their needs. And one thing is not all the people knows bitcoin thats why they will still use the money that banks made.

TheGreatPython

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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 will start waging war against bitcoin once they start losing lots of capital and putting a lot of bankers out of job. Presently they don’t seem to be bothered because the market stable and this guarantees them their job and capital.

Aztek

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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 do not see some problems of bitcoin in regards to bitcoin. It is given that bitcoin as a form of crypto-ccurency can be an option or be a number one option on transaction that it could be on the point that it would be the main currency on any type of transaction but the thing is it much easier to adopt and deal with development rather that to cross on the current of progress in the sens that bank system will take bitcoin as a good or a better way of option on bank transaction and management.

Nicol3

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If it does happen, I don't think it will happen any time soon yet. We also can't tell when that will happen because the crypto world had just been noticed from investors and people worldwide. It could do a lot of damage to the bitcoin market and may pull it down but it also depends if they are going to accept it whole heartedly or treat it as a threat.

bohr

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Quote from: RajaJudi on August 15, 2017, 12:27:50 PM

I do not think that bank will start a war against bitcoin due to many reasons. Bitcoin is good right now and people are in love with bitcoin. The number of bitcoin users increases every year and if banks against bitcoin, the number of people who use bank will decrease sharply

Banks do not care about feelings, they only care about profits if they think that it makes sense for them to go to war against bitcoin then they are going to do it, at the moment they are not doing much except using their media dogs but if bitcoin becomes even bigger then I think we are going to see a more obvious war and they are probably going to try to use governments to ban bitcoin.

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Quote from: kuryadi on August 14, 2017, 10:11:58 AM

I think this is indeed a threat to the bank. A lot of people see bitcoin a metide save a modern and very generous money. Unlike banks .. saving money and getting tax every month bitcoin no tax every month. People assume saving in the bank will only spend money while if we save bitcoin will benefit. I'm sure more and more people are familiar with bitcoin .. maybe customers in the bank will move on to bitcoin.

As you say more and more people are familer with Bitcoin I think in future banks will adopt trading in Bitcoins rather starting a war against Bitcoin. Bitcoin is the future and soon we will see banks will start dealing in Bitcoins. The growth of Bitcoin is attracting people and institutions day by day.

balakang00

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I honestly don’t know but that is the thing I’m scared of. It is not good for any other money-saving ways to have a conflict. Different people have different dispositions and reasons in using different medium in using their money. I think there would only be a problem when the other side interferes with the way of systemizing of the other.

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