When will banks start a war against bitcoin - page 48.

Niya

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Quote from: severaldetails on August 12, 2017, 01:18:42 AM

Quote from: Xester on August 12, 2017, 12:12:03 AM

I never heard that news or read and article about banks making such accusations with bitcoins. Merely because the bank here in our country supports bitcoin. I do not know if it is really a support but whenever I want to encash my bitcoins, I can withdraw it in a bank. Whenever I wanted to pay our bills or even my credit card bills I can use my bitcoins to pay them. I can even buy bitcoins through banks and some other cash remittances. So your topic or statement that there would be a war between bank and bitcoin is impossible.

I have a similar situation here.
Buying or selling bitcoins, a bank supports me.
Of course they charge a little fee. But for them that is easy earned money, and for me it gives me some kind of security not getting scamed.
The bank and me, we both benefit from bitcoin.

You just explained the reasons why banks don't fight Bitcoin. Because most people just trade Bitcoin for fiat and then cash out. Banks earn money and are happy. Instead if users will start to completely bypass banks and only use Bitcoin, without cashing out in fiat currency, well, I think banks would be much more afraid...

n0ne

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There won't be any war happening between the bitcoin community and the banking sector. Banking sectors have experienced a big loss due to the digital currency, but none has opposed it. Few banking institutes have started services in tie up with digital currency. Also some banks have invested on bitcoin indirectly to profit out of the same.

romani245

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Quote from: Usui-Chan on August 12, 2017, 01:43:41 AM

What worries me though is that bitcoin is still a currency, money, and government would find ways on how to make it centralized, let's see how banks will make their move.

This is one of the biggest concerns for me. I think the most effective way to destroy Bitcoin's utility would be to turn it into a bloat chain and make independent verification very difficult. When I put my tin foil hat on, I almost start wondering if banks or governments are backing things like Bitcoin Unlimited...

CraigWrightBTC

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I don't think the Banks will start war against bitcoins but they have adopted technology blockchain of bitcoins,
they will choose the altcoins that has regulation to be used for Banks business.
The altcoins will be choosen by banks is ripple, many Banks around the world will adopt XRP on remitance on their banks
it is good chance to invest in ripple for long time and taking profit from the Banks.

marcbitcoins

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Quote from: ethereumhunter on August 12, 2017, 01:47:51 AM

i think bank will start a war with bitcoin because if they can learn and adopt blockchain technology into their system, their system will grow into next level which can help them to give best services to their member. i think banks and bitcoin will work together to make better economy for their member and especially for the country.

Instead of war i would think banks will start to add bitcoin into their investment by receiving not only currencies but the bitcoins as well.
They well start to receive bitcoins as deposit because of million of bitcoin members that will become their clients. Imagine how big they gonna earn if the bank start to invest,loan,money changer with interest and service fees thru bitcoins from bitcoin clients.

ethereumhunter

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i think bank will start a war with bitcoin because if they can learn and adopt blockchain technology into their system, their system will grow into next level which can help them to give best services to their member. i think banks and bitcoin will work together to make better economy for their member and especially for the country.

Usui-Chan

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What worries me though is that bitcoin is still a currency, money, and government would find ways on how to make it centralized, let's see how banks will make their move.

boris singer

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Quote from: helga22richter on August 12, 2017, 01:32:48 AM

Yes, banks don't like it, but how can they be able to wage war? I think BTC will not hurt much. In addition, competition is useful for users.

This will be very painful because bitcoin doesn't pass through the process of legal authorization, if bitcoin volume exceeds fiat in conventional banks then the currency of the state will have a deficit, in this case the bank is only waiting for policy from the government because they are not parties who can intervene on any currency without command.

helga22richter

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Yes, banks don't like it, but how can they be able to wage war? I think BTC will not hurt much. In addition, competition is useful for users.

severaldetails

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Quote from: Xester on August 12, 2017, 12:12:03 AM

I never heard that news or read and article about banks making such accusations with bitcoins. Merely because the bank here in our country supports bitcoin. I do not know if it is really a support but whenever I want to encash my bitcoins, I can withdraw it in a bank. Whenever I wanted to pay our bills or even my credit card bills I can use my bitcoins to pay them. I can even buy bitcoins through banks and some other cash remittances. So your topic or statement that there would be a war between bank and bitcoin is impossible.

I have a similar situation here.
Buying or selling bitcoins, a bank supports me.
Of course they charge a little fee. But for them that is easy earned money, and for me it gives me some kind of security not getting scamed.
The bank and me, we both benefit from bitcoin.

Xester

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I never heard that news or read and article about banks making such accusations with bitcoins. Merely because the bank here in our country supports bitcoin. I do not know if it is really a support but whenever I want to encash my bitcoins, I can withdraw it in a bank. Whenever I wanted to pay our bills or even my credit card bills I can use my bitcoins to pay them. I can even buy bitcoins through banks and some other cash remittances. So your topic or statement that there would be a war between bank and bitcoin is impossible.

nuela

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When, I think blun there masalh with bitcoin bank, why battle better be better to introduce the name of bitcoin and easy to access it in the bank.

Russlenat

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I think banks should also adopt bitcoin on there transactions just like other paper currencies for there daily transactions because it is a big opportunity for the banks! It is good also that we have a bank for bitcoin that can easily be exchange our bitcoin to real fiat. There's no need for war in it.

paragoncoin

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Seems they would look for ways to integrate before challenging given the growth pattern.

bitcoinvestor

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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 shouldn't treat bitcoin as enemy. Bitcoin isn't only coin or currency. It is a huge community. There are millions bitcoin holders in the world now. WHo can control million people who own financial system like bitcoin. If banks take position as an enemy to bitcoin, they stand in front of million people all over the world. I think what banks do will fail. The best things banks should embrace bitcoin users and developers and make solution to use bitcoin to prevent crime.

avikz

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Banks will never start an open war against bitcoin because of many factors. Firstly, they very well understand that digital payment is the future so they will try to learn good things from the blockchain technology and make use of it to build their own platform. A lot of consulting firms like Ernst & young and KPMG or BCG is showing interest in bitcoin and blockchain technology.

Banks will try to pressurize government to take action against the bitcoin users in their country to minimize the threat. However, they can't do even that openly because people are using their bank account to exchange their bitcoins in to fiat currency. So they are enjoying the free floating funds. Public support is a big thing and bitcoin is enjoying every bit of it. It is not easy to start a war against it.

lucifochrome

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I don't think that such war will happen. But if it does, might take a lot of years before it happen, i think somehow banks are threatened with btc. They might be losing this one. Some people might acknowledge it some wont but one thing is for sure this is the future.

Anfisman

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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?

Maybe banks can fight and try to stop bitcoin right now, because with increasing bitcoin users the banks will lose the chance and trust from people, and it can become bad thing for them. But even so, the bank can never really stop bitcoin, because bitcoin is a symbol of the power of society, when they try to stop it, the people will fight and they know nothing can beat the society power. We must begin to eliminate our dependence to the banks right now.

nethan1btc

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Quote from: el kaka22 on August 11, 2017, 03:01:08 PM

Quote from: Jeger.Kiting on August 11, 2017, 02:36:02 AM

Quote from: chixka000 on August 10, 2017, 10:27:35 PM

I doubt that they will be going to start a war against bitcoin. Especially if the bank promotes innovativeness. They know that they cant win when they decided to oppose bitcoin. Instead they are just going to ignore it.

I do not think you need to doubt the war of Bitcoin and the World Bank, maybe they win in promoting their innovation, but I am sure that in the next few years people will know how valuable Bitcoin and the whole world is bound to change. To Bitcoin And to get it will be difficult, because Bitcoin only produces 21 million Bitcoin, then that's where Bitcoin will win against the Bank.

From where I am standing, I see Rothschild rubbing his head, closing eyes in frustration because bitcoins are going to snatch the power from his hands. So sad! Doubtlessly, he will not allow this to happen easily and strike back with his full might.

I just want to see the fight and enjoy it while my bet is on Bitcoins because in a world of technology you cannot erase technology. Crypto currencies are the future money and bitcoins is mother of all of them.

That's so certain for this matter mate, and it's now happening bitcoin became so popular as of this days. If that perceptions about war against the banks, well as I can see now it's been happening already. Banks could not control the real situations and in fact they've been unto partnership with bitcoin exchange lately. There were banks having exchangeds from btc to fiat cash options using online exchange in my country, and so safe and convenient to use.

pharesim

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Nobody knows, but one thing that i have to say is that bitcoin and banks are gonna have a fight in the upcoming years, you dont have to be a clever to understand that. Banks makes money with fees, interests, and having people's money, and bitcoin does the same, only that you manage it and have the same features, and you dont pay fees. what could any person prefers? obviously bitcoin.
banks wont let people stop using their system to replace it for bitcoin, that is impossible, there is a lot of poverty around.
this thing scares me, but we will see, bitcoin is always going up, so bitcoin will never end.

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