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Topic: When will banks start a war against bitcoin - page 50. (Read 16230 times)

full member
Activity: 154
Merit: 100
Banks will see the value in the blockchain technology and try to get in themselves. They're not gonna try and destroy the whole crypto scene and maintain their old ways, because that's not gonna happen - it's widely spread already (still not mainstream, but more and more people learn about it everyday). Just this week, a bunch of companies started looking for programmers with experience in the blockchain industry (VISA being one of them). So they're trying to hop in, not destroy imo. Roll Eyes Roll Eyes Roll Eyes
newbie
Activity: 9
Merit: 0
Banks will just replace fiat with BTC as they replaced stone with copper then silver then gold then fiat.
If you really want to let yor imagination run think of what will be a hundred years after BTC
sr. member
Activity: 994
Merit: 256
This is exactly what always worries me. Governments always want to control transactions and prosecute buyers and sellers. I think this is difficult fot them when people use bitcoins for their transactions. I hope this never happens.


Yes I also worries me to, But as far as I know the investment in bitcoin is hidden from government and I wish in future it still be hidden because when government come to know about that then their will be huge tax on it and this tax makes bitcoin user to earn less profit. Banks does not concern with it, they get what they want.
member
Activity: 109
Merit: 10
Again i dont think there will be a war between BTC and Banks, coz they are on the same page Smiley

legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I see no evidence of this happening and no one has ever even come up with a way for it to happen.  There are bigger problems than this to worry about.

I think this is unprecedented, and hopefully not happen with Bitcoin, if this happens I do not know what it looks like in the future.
What does it mean with a bigger problem than this, can you explain it so that everyone knows about this problem.
Sure, the bigger problem that I am concerned about is net neutrality. Bitcoin is built on the idea of a free and open internet. A loss of the free internet would put your ISP in the position of making your internet choices for you. They could not only meter your network connection speed, but could demand extra fees for anything they like. So you may pay for "basic internet", but if you want to go to facebook you will have to pay a facebook charge. Want to use bitcoin? No problem, just add bitcoin to your plan and pay a separate transaction fee to your provider each time you buy. This also requires knowing who is making each transaction, so we lose the privacy of bTC in the process.

There really is no end to what charges could be added.  History shows that money is never left on the table. If they can screw you they will. Remember the promise of cable TV? "Never watch a commercial again!" They convinced the government to change the laws in their favor because it would be good for consumers. Then they proceeded to change the law further to show more commercials than regular TV.

In an information society control of the internet is control of the society.  Do you trust Comcast to take control of your life?
hero member
Activity: 2590
Merit: 644
The banks or let say the government will not start a war against bitcoin because they will adjust their system to work with bitcoin. Bitcoin is decentralized and they can't do anything about it and most of the government are democratic so they are almost basing on the majority decisions so if their people want bitcoin then the banks and bitcoin will become together.
sr. member
Activity: 466
Merit: 500
I don't think it will be a war between banks and bitcoin just because this industry with cryptocurrencies and with bitcoin and all of that it's rising and i think that depends on people what they prefer virtual coins or USD or any other real currency , if they don'tn prefer banks no more , the banks will accept Bitcoin , i think or we will not need anymore.
full member
Activity: 140
Merit: 100
between bank and bitcoin. going to war. preety much banl not going to war with bitcoin. maybe someday bank will choose to friend with bitcoin instead war. bank are hold by country and bitcoin hold people who dont want to be part or control by government. i can see in future bank will accept bitcoin loke they accept gold and silver in the bank. who dont want bitcoin. it more expensive then gold now. too stupid if they dont want to make more money with bitcoin. bitcoin gonna win if they start to war with it. people in bitcoin will not going easy if they do some reckless move to start a war. perhaps someday bank will admit bitcoin is very important asset in the future that they will use it.
hero member
Activity: 1400
Merit: 536
I think this warrior is not going to lose the banks, I like Bitcoin very much, but it seems that it will take a long time to spread to the public, the banks are used for a lot of jobs, that is, they have taken place somewhere in our life.
sr. member
Activity: 672
Merit: 251
Well do not dream of this bro. If you wanted to start a war between this two it will only leave tracks of the other one. Get me? You'll just make the other one between the banks and the bitcoin with other cryptocurrency that exists. Look onto this, if bitcoin disappear, all of us who trusts bitcoin will disappear also. Not in the sense that we will got erase from this world but, we will lose everything we worked for. And for the banks. Every people that put their money on bank will lose also.
hero member
Activity: 1232
Merit: 683
Tontogether | Save Smart & Win Big
I don't think there will be a war between banks and Bitcoin, it looks like they are getting along just fine, people like to use the safer option banks, but others would use Bitcoin due to the extra features.

If they really wanted a war, I still think that the banks would win. They have the government backing and more people will trust them than Bitcoin. They could just stop transfers from sites that are involved with bitcoin, etc local Bitcoin and then Bitcoin would be done for.
sr. member
Activity: 630
Merit: 251
I think there is no battle between bank and bitcoins .. because if bitcoin grows and is considered a currency then borrowers can also go to bank to borrow bitcoin and use them. At present, many banks also accept bitcoin and the government also has many supportive policies.
I also think and you are right that there will no battle between bitcoin and bank, because bank when all the world adapt bitcoin and then it goes to more famous and popular in that time I am sure bank will support it very good way because some banks are accept it now and bank play very important role in the world of bitcoin, so right in future when bitcoin goes to legalize overall the world then borrowers can get bitcoin from bank very easily and use it in multiple way.
hero member
Activity: 1330
Merit: 569
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?

If bank are saying this, they won't be totally wrong because we have seen several hackers asking for payments in bitcoin in other to avoid the hands of the law but they cannot hide for long. Also, the war against bitcoin by banks is not their battle because whether we like it or not, the progress of bitcoin cannot be said to be complete without the input of banks because at this point where I can't spend my bitcoin freely then I need to convert to fiat or even deposit money in fiat to buy bitcoin and the banks made this possible.
sr. member
Activity: 322
Merit: 253
I have a doubt that bitcoin is not a threat, because it is a big threat to banks and I know/feel their something going on that we haven't known. Banks are made by greedy person behind them what really matters to them is money. And if the money they want taken away by bitcoin. I think they're already started a plan to stop it.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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 don't think the banks will make bitcoin as potential threat because if the banks can see bitcoin benefit then i am sure that the banks will trying to learn about blockchain technology and if its possible, the banks will applied with their system too. maybe today, people still using the banks for the transactions but i think in future when bitcoin is grow and half of populations or more using bitcoin, then maybe people will change from the banks to bitcoin.
full member
Activity: 630
Merit: 102
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.
hero member
Activity: 812
Merit: 509
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?

Not sure if they actually will start a big war against bitcoin since a lot of countries have already legalised bitcoin and they are happy with where bitcoin is right now. This does worry me though since the government may want to end up controlling transactions soon, especially with so many dark web sites popping up after BTC-e was shut down.

Don’t think this will happen for another 3-5 years, Bitcoin doesn’t seem to be going mainstream anytime soon and the government won’t pay much attention to it then.
hero member
Activity: 2128
Merit: 520
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 think they are taking advantage with this system since not all people knew about this system then they can use it on their profitable purpose
they can have do the deal using bitcoin in return to cash own by their client so the profits will still be there but the transaction will be more
faster.
full member
Activity: 210
Merit: 106
 Smiley Am sure they are keeping their eyes on the crypto market but to go ahead and say they will wage a war is not fair. I think there is too much money for them to lose if they do that i think they will embrace it for a change. Plus surely their systems need a major upgrade and blockchain is the way to go.
member
Activity: 84
Merit: 10
Closing Bitcoin will cause many problems like you but it will not stop.
There is no way to stop it.
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