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.
They can start a war whenever they want but the truth is that they will never be able to win that war. They can never defeat man’s power. And this a fact. The users of bit coins I a lot and they are also increasing. And if they start any kind of act to damage bitcoin people will never let them do it. Because it is the source of living of many families. 
Topic: When will banks start a war against bitcoin - page 42. (Read 16235 times)
US Launches Quiet Crackdown On Cryptocurrencies
http://www.zerohedge.com/news/2017-08-13/us-launches-quiet-crackdown-cryptocurrencies
This was expected with the amount of money coming in with every ICO and i just want to see how they will be handling this,some of the exchanges have already stopped accepting US citizens to deal with alt coin and majority of the ICO i saw in the past few months are not taking money from US citizens ,but i am not sure how this crackdown workshttp://www.zerohedge.com/news/2017-08-13/us-launches-quiet-crackdown-cryptocurrencies
Surprisingly, the SEC was very lax regarding the ICO hype. They said that ICO tokens may be securities, but they also said they weren't pursuing charges against anyone.
It seems like the crackdown is less against cryptocurrencies, and more against unregulated money service businesses.
I think the banks wont shutdown btc because they cannot or it would be really hard for them.
I think they would rather go with it and use btc in their transactions instead of working against it...
No benefit for banks to shutdown BTC, Banks should work together with bitcoin developers to give better service for their customers. I think there will be big jump for banks if they can make application together with Bitcoin developers. Payza isn't bank but when the dev include bitcoin in the payment wallet, payza will be accepted by bitcoin users. I think they would rather go with it and use btc in their transactions instead of working against it...
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?
The war started as soon as bitcoin was created banks make these accusations to bitcoin when it is them the banking system the reason there is money laundering in the first place, where trillions of dollars are laundered and governments do nothing to me it seems they are worried they are going to lose their biggest money maker, illicit activities.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?
There are some people really doing this using their ties with the bank, make it a way to launder a lot of money on the bank. I've also known a news in my country where in they made a lot of bank accounts using different people to save there laundered money, how greedy of them.
I think they are not worried at all but they are thinking that if a lot of people do not use banks, the only money that will be left in the bank is their money.
bitcoin will never lose to the bank if the bank againts bitcoin. and why would bank againts bitcoin also. why dont they buy bitcoin for the asset. it grow every years. bank should buy bitcoin instead picking a fight on bitcoin. or they already did buy some bitcoin?
Why don't banks buy Bitcoin as an asset? The answer is in this fundamental disclaimer of any class of investment: "PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS." I know lots of traders working for banks. None of them will touch BTC in their trades for many reasons and none of them consider BTC anything more than a temporary speculative bubble waiting to burst.
US Launches Quiet Crackdown On Cryptocurrencies
http://www.zerohedge.com/news/2017-08-13/us-launches-quiet-crackdown-cryptocurrencies
This was expected with the amount of money coming in with every ICO and i just want to see how they will be handling this,some of the exchanges have already stopped accepting US citizens to deal with alt coin and majority of the ICO i saw in the past few months are not taking money from US citizens ,but i am not sure how this crackdown works http://www.zerohedge.com/news/2017-08-13/us-launches-quiet-crackdown-cryptocurrencies
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?
The war started as soon as bitcoin was created banks make these accusations to bitcoin when it is them the banking system the reason there is money laundering in the first place, where trillions of dollars are laundered and governments do nothing to me it seems they are worried they are going to lose their biggest money maker, illicit activities. 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?
This is impossible, they can't start a war against a cryptocurrency.
Btc don't have only one source or only one country or ...
It is all around the world.
Btc don't have only one source or only one country or ...
It is all around the world.
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?
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?
War? What war are you talking about op. Banks are already using bitcoin technology called blockchain. There are some banks which are paying or accepting Bitcoins. Many are now encouraging it to. Yes there is a fear that banks may loose out business, but it's absurd nothing like this will ever happen, banks are more than happy to encourage Bitcoins as after conversion, it comes back to them.
As I see it, it's nonsense to have a war between banks and bitcoin. Banks can convert bitcoins into cash that is helpful to their daily cash flow. It's also possible to convert bitcoin into other currencies; therefore, these banks have no good reason to start a war. The truth is, the bitcoin technology which is known as "blockchain" protects their transaction round the clock.
But if people invest in Bitcoin they won't let their money laying at the banks, so the banks won't make profit from your money and pay pennies back to you. Banks work like the middleman between you and a good investment, with Bitcoin you skip this middleman and start investing by yourself, 100% profit for you, while investing with banks they pay you few percentes and enjoy all the rest of the money.
Banks hegemony ends if Bitcoin rises and get more adoption.
My point of view is when Bitcoin collapse still Banks has the real money on hold but in the other hand if Banks collapse - what would be the effect for Bitcoin? Of course you can't convert Bitcoin to any currencies and possibilities Bitcoin will have no value at all.
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.
US Launches Quiet Crackdown On Cryptocurrencies
http://www.zerohedge.com/news/2017-08-13/us-launches-quiet-crackdown-cryptocurrencies
http://www.zerohedge.com/news/2017-08-13/us-launches-quiet-crackdown-cryptocurrencies
When we will get to 2T$ market cup banks will start the fight.
It won't be nice.
I believe not the banks nor Bitcoin will win.
Cryptocurrency and Fiat money will find the way to co-exists.
It won't be nice.
I believe not the banks nor Bitcoin will win.
Cryptocurrency and Fiat money will find the way to co-exists.
I think the banks wont shutdown btc because they cannot or it would be really hard for them.
I think they would rather go with it and use btc in their transactions instead of working against it...
Both have their own goals. I'm sure banks and bitcoins work well. We just wait for time until everything can be centered and work together.I think they would rather go with it and use btc in their transactions instead of working against it...
Well I think he two can coexist for the betterment of each other and then he world at large so I likewise don't see when or where there will be an attempt by the banks to war against Bitcoin. It wouldn't be successful in my opinion because Bitcoin works through the exchanges and they also depend on the banks and so they all need each other.
This is impossible, they can't start a war against a cryptocurrency.
Btc don't have only one source or only one country or ...
It is all around the world.
Btc don't have only one source or only one country or ...
It is all around the world.
That's not true. I think the banks would starts a war but only when market cap of Bitcoin is over $1,000,000,000,000 then they will pay attention to it because people aren't using the banks they will be using Bitcoin instead and this is not good for banks so they will try to fight against Bitcoin in that time, but not now it is way too early actually.
Banks won't try taking a negative stand against bitcoin unless they feel it seriously impacting their business, which isn't the case right now. Even accounts getting shut are due to chargebacks and the like most of the time, rather than direct war against bitcoin.
Bottom line, unless the entire world switches to bitcoin or some other cryptocurrency and foregoes all forms of fiat, banks really have nothing to worry about and therefore no reason to start a major war against crypto.
I've noticed the tendention of banks dying some years ago. In my country they are closing one buy one and if 5-10 years ago their staff was big nowadays they provide different cleanings to remove some workers and to put more obligations on those who stayed. I think here, the era of banking is passing and they try at least somehow to attract clients. I have never take a credit and have only a debet card in my bank. That's the only partnership that I have with the bank. But with spreading of bitcoin and appearance of bitcoin debet cards I think I will leave this relationships with the bank at all.
I think the banks wont shutdown btc because they cannot or it would be really hard for them.
I think they would rather go with it and use btc in their transactions instead of working against it...
Both have their own goals. I'm sure banks and bitcoins work well. We just wait for time until everything can be centered and work together.I think they would rather go with it and use btc in their transactions instead of working against it...
Well I think he two can coexist for the betterment of each other and then he world at large so I likewise don't see when or where there will be an attempt by the banks to war against Bitcoin. It wouldn't be successful in my opinion because Bitcoin works through the exchanges and they also depend on the banks and so they all need each other.
Bitcoin works through the exchanges and they also depend on the banks and so they all need each other.
For now, maybe. We are still in the early adoption phase, and Bitcoin is still considered risky, new and speculative. We look to the exchanges for price discovery, and we consider everything priced in dollars (or whichever fiat currency is used where you live). But in the future, all of that might be irrelevant. In a future economy where cryptocurrencies are ubiquitous, users and merchants would freely interface without the need for banks nor exchanges. That's the end goal.
That doesn't necessarily mean cryptocurrencies need to replace fiat currencies. It just means that we don't need the banks.
I think the banks wont shutdown btc because they cannot or it would be really hard for them.
I think they would rather go with it and use btc in their transactions instead of working against it...
Both have their own goals. I'm sure banks and bitcoins work well. We just wait for time until everything can be centered and work together.I think they would rather go with it and use btc in their transactions instead of working against it...
Well I think he two can coexist for the betterment of each other and then he world at large so I likewise don't see when or where there will be an attempt by the banks to war against Bitcoin. It wouldn't be successful in my opinion because Bitcoin works through the exchanges and they also depend on the banks and so they all need each other.
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