Topic: When will banks start a war against bitcoin - page 7. (Read 16230 times)
unspoken war of banks against bitcoin is already underway, in connection with which there are so many bans and negative news.
The war has already begun in our country. Here, if the banks traced that your money came from bitcoin transaction, they will freeze your account and you will never get your money back. It's really sad to have situations like that specially in our county where there's a lot of bitcoin users.
Whoah is thay even legal? It's your money not the bank's so they basically have no right to do that. They can close your account but you should still be able to withdraw all your money. Banks would get in trouble if they do that and would likely lose customers.
The war has already begun in our country. Here, if the banks traced that your money came from bitcoin transaction, they will freeze your account and you will never get your money back. It's really sad to have situations like that specially in our county where there's a lot of bitcoin users.
Why will bank starts a war against bitcoin? How many people uses bitcoin and how many people are added with bank? Almost every people of all countries are added with bank and most of the people even doesn’t know about bitcoin and how it works. Bitcoin is a limited coin and there are some people in this world which are added with bitcoin but they can not do all of their work by bitcoin so that all of them have bank account and they does their most of the payment by banking system so that bitcoin is not hampering bank by any side so that there is no chance to starting a war between them. Both of them are different.
This is exactly what always worries me. Governments always want to control transactions and prosecute buyers and sellers. I think this is difficult for them when people use bitcoins for their transactions. I hope this never happens.
I also hope that things like this will never happen. But if this happens, I can not imagine the chaos of this war. I hope everything will be fine and in the future Bitcoin can be accepted by all countries. 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?
of course the competition it will happen because the user is concerned the people in every country, the bank will not stay silent in this case but in my opinion it all back on the man himself want to choose which. 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 they will not do that because even if bitcoin gets too popular, fiat money will never obsolete because fiat money is more secure and tangible than bitcoin and besides having fiat money in your coubtry is like having your own identity as a countrt so, banks will never go out of business and they will always stay the same.
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, bitcoin and bank although share the same idea, they have different platform and market. Both does not actually affect each other directly but war between them is already happening. One of the example is when banks who offers credit cards don't allow people to use their's to invest on bitcoin. Bitcoin has more advance technology compared to banks. Banks can also adapt how bitcoin works to improve their services for faster and better transactions. 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 that the war will never happen even maybe what will happen is the opposite of bitcoin and bank can work together. Let alone the government in my country give a statement that will review again to adopt blockchain technology and publish its own digital currency.
I think they already started that war with cryptocurrency but they did not win that war. One of the reason why i said that because just lately the big banks are banning credit cards to be used as a mean for purchasing cryptocurrency and they spread negative news through media that such thing is a risky move and they could lose their money.
For me I think it is already happening. Well these banks would not directly just block or shut down exchanges they may recieve violent reaction from the people feeling they are being deprieved of their right to choose so they will just do a black propaganda via the media, make it look like Bitcoin is bad and all that illegal and bad stuff. All those will create false news or bad publicities will affect Bitcoin in the long run but people cannot say that these are the banks or big financial companies activities.
We all know even without banks crypto currency can survive.
Maybe now they are thinking or planning to drop our community because they are afraid.
But it is not easy to do especially to those countries who recognized crypto currency.
Maybe now they are thinking or planning to drop our community because they are afraid.
But it is not easy to do especially to those countries who recognized crypto currency.
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?
Why would they do such thing such as starting a war against cryptocurrencies? When at the first place, there is no such any competition happening at all because it is the freedom of the people to assess in which way they can see that their money will be having a potential to grow. Also, instead of doing a war against it, why they do not just manipulate the scenario by adapting or having a Bitcoin exchange service so that they will keep in line with the rising demand of the people because whether we admit it or not, cash is still a need nowadays and only banks can give access to that by exchanging cryptocurrencies such as Bitcoin into cash for real time usage. 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 that the war will never happen even maybe what will happen is the opposite of bitcoin and bank can work together. Let alone the government in my country give a statement that will review again to adopt blockchain technology and publish its own digital currency.
I have always called them enemies of progress,for all their effort will be prove abortive because it is only when you and i stop trading,investing or conducting transactions with bitcoin that is when their aims will be achieved .
Banks should ally with bitcoin if they want to survive in the future, not starting wars against it.
Banks has not been so affected of bitcoin progress because bitcoin is not yet so widely used by many. Banks will be only concern to bitcoin when it finally be used by the majority. Why? Because it will steal yhe opportunities from the bank and it can also now offer what bank can offer. These makes bitcoin a competitor and this is where war will began. Banks will now be rebelling and will do every single thing to make bitcoin fall down and disappear to the community. Its not a good thing to be harassed by a bank but its not so far to happen t this poit because bitcoins growth is at a very large scale and continuously growing over time.
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?
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?
It will never happen .. bitcoin is not doing anything wrong and solving math problems is not obstructions to be tell or start fighting bitcoin.
but the thing is banks do much more transactions than bitcoin it is just only 3% of the total banks can do.. lots of banks lost their costumers and bitcoin is being more popular .. because of technology and how it works. bitcoin is just building it self but it is a good news for us.
they can start war by just like using blockchain tech to support their banks in order to fight back against cryptocurrency
Some of you guys are so naive. Of course banks know about Bitcoin, they aren't ignorant. It's just they have a huge slow company and outdated systems so it's very hard to make big changes. What else can they but try to slow down Bitcoin while they change the direction of their mammoth tanker? Else they risk the birth of new financial paradigm that puts them out of a job.
Six months have passed since the creation of this topic, and banks still do not know what to do with cryptocurrencies. There's nothing they can do! People, read the article about what features of digital technologies, how they work...
they have trouble with peer to peer
file sharing
music sharing
encryption
now peer to peer money
Six months have passed since the creation of this topic, and banks still do not know what to do with cryptocurrencies. There's nothing they can do! People, read the article about what features of digital technologies, how they work...
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