Topic: When will banks stop pumping "blockchain technology"? (Read 686 times)

The Blockchain is revolutionaizing everything right now.

It`s good that they admit this,i guess.

I actually don`t care that much about their opinion.

they will never stop doing it.
because they want to see bitcoin dead so they only try their best to separate bitcoin from blockchain and adopt the later and dump the former. this is their new strategy to keep up with the new world and keep up with what bitcoin has offered the world but since they can not have the most important feature of bitcoin which is decentralization they will fail eventually.

Actually banks and government will never agree on bitcoin to be used as currency and currency for everyday transactions for sure, as they fear about bitcoin kicking out fiat currency/banking systems completely out of economy. However they are trying to implement blockchain tech to their existing electronic payment system to adopt transparecy, secure ledger as well as 24hour 365 days service although this i think can't be compared with how well bitcoin works.

i don't care about when banks talk about using blockchain and blockchain only. what makes me mad is those people who are excited about it because they think banks are going to adopt "bitcoin" and all the bitcoin to the moon they start singing

Maybe they think altcoin blockchain can also help bank, you see ripple, ethereum, and xem, they are helping banks now, and in real use. So not only bitcoin, they will just talk about blockchain, not btc+blockchain

everybody wants in on the blockchain technology and they want to create their own altcoin to benefit from these good things about the security and many more features that blockchain technology offers.

and they will never stop this, because they will never adopt bitcoin because bitcoin is against the banks existence.

Yes let us not underestimate the banks who has a billion worth of dollars in their hands. They will pursue blockchain and will purchase large amounts of bitcoin then they will serve as an escrow between money and bitcoins.  But whatever happens bank will still earn big whether it's bitcoin or the paper money. They have the best financial consultants and can afford to hire the best programmer to make their own bitcoins.

Hahahaha I read a lot of news in some reliable site and the fact is like in your statement, they're just recognize the blockchain and not about bitcoin, maybe they're feeling nervous with bitcoin. LOL

but between from that, they have just recognized blockchain because the blockchain can give a profit for them for improving their system according with the blockchain system.

Bank are going to keep pushing all the technology forms they want because "oh this is a neat thing" or "it's the next best thing for all of us" or whatever and they want to gain even more control over the populace. A "properly" executed blockchain would make it so the banks can see where you send all of your money and who gets it in return, but of course they wouldn't have to use this same system for "national security" or some other BS reason.

They don't want to recognize Bitcoin and the blockchain together because Bitcoin is what they're all trying to avoid; it forces them to relinquish their control on the currencies that they have and it opens up new doors for the average person to take back control over the value of their work, something they don't want to happen. As long as the banks try to pump the technology and not the currency, they are happy.

It will not happen anytime soon. First they need to sink more money into their private altcoin clones that they feel are the climax of innovation...  

The tendency of bankers to focus on blockchain as a mojo while ignoring Bitcoin is pretty easy to explain. If they realize that the real innovation is Bitcoin the decentralized currency and the blockchain only a tool to achieve it, they would have to realize at the same time that their services are no longer needed. It's cognitive dissonance - banks are at the denial stage of the grieving process. Let's just give them some time...

ya.ya.yo!

banks and governments have laws such as minimum wage, tax laws, court fines which will keep banks 'token' in circulation for the majority of people.
even laws involving loans, stocks, shares are also designed to keep fiat useful.
people wont ignore their 'shitcoins' because people will need to convert bitcoins to 'shitcoins' to pay taxes and repay loans/court fines.



there wont be a war. there will however be large "admin fee's" where tax/courts will charge extra to convert bitcoin for their shitcoin to accept it as a payment. hoping it will make people not want to use bitcoin.. like i said not a war, but an acceptance and profit grab, while trying to take popularity away from bitcoin as the underlying desire.


you wont be able to completely escape government shitcoin. even if you hide how much you receive on bitcoin. governments can still spot a nice car and house you own and 'sanction' you to pay XXX shitcoins, threatening you with court action to prove your income by explaining how you can afford such luxuries without having what appears to be any shitcoin income.
but as i said it wont be a war. it will just be a new revenue stream and profiteering method from banks. infact the government does not even need to change any laws that currently exist, to achieve this. and people already (sheepishly) accept it as the norm and not a 'war'


now this statement i just quoted is just a "exagerated doomsday". i am still laughing that many think 2mb blocks=datacentres.. yet even core are now saying that 4mb=raspberry Pi safe. so chillout trying to sell your doomsday scenarios..

bitcoin doesnt need to 'keep the blocksize rather small' but does have to stop being stupid to think it needs to be 5000x larger in 2 months..
bitcoin can grow at a natural rate.

however moving bitcoin users into a system where the only way (no choice) is to use lightening networks/centralized sidechains. then bitcoin will become no better then banks.

again no need to push datacenter doomsday of 5000x capacity increases in the next two months, as a reason to move people over to third party management in lightening hubs or 'liquid' sidechains

in short
we dont need to worry or care about what banks are using for their closed door accounting system/ledger.. we just need to make sure we dont turn bitcoin into the same crap by going into third party management as the only "capacity" solution, or as the only solution to be managed by banks to avoid court action.

I feel like there is a big war about to start in the next of years. The banks will not want to be subjected to collaborate and adapt to the new bitcoin reality, its not going to go like bitcoin becomes the world currency, there is too much ego in countries, nations and banks wanting their own currency to use it in a way they feel like using it.

There will be government closed source currency, and then bitcoin as an alternative to escape this government Orwellian nightmare.

The clash of both currencies will not be nice. It will be a war and they will use everything they can to crush Bitcoin. Hopefully, by then Bitcoin is too fungible, anonymous and decentralized for them to attack it. Which is why we must keep the blocksize rather small to keep making the 1-node-1-person viable, otherwise we are screwed. As soon as datacenters are the ones that can run nodes, there's nothing to do but submit to the government's will as they control of Bitcoin.

they will turn full circle once they relise they cant kill it and that most people are ignoring their shit block chains and there shitcoins.......

they wont.
banks only exist if they are the sole 'middleman'.

its not going to be as simple as letting banks be a bitcoin Lightening Network Hub, banks want to not only be the sole middleman but also be the ones involved in the money creation too.

they cannot survive by taking say 0.01% tx fee for every LN usage, even if an average banking stat is bank customers use banks 42 times a month, which equates to 5% a year.

they want more.
EG
5%/year from loans,
5% from defaulted loans(selling loan contract to debt collectors).
where the original funds that created the loans dont come from banks 'holdings' but from (zero cost) money creation.(imagine it like a POS block reward that keeps a banks reserve address at 9x the banks holdings)

banks will want their own 'token' to have all the advantage. but use the distributed database across many branches purely to make their internal security cheap by sacking lots of security staff and preventing internal fraud from employees.
but to bank users, they wont see or care or notice any differences. so banks wont be able to compete against bitcoin from a users prospective of sole ownership and no default requirement of third party authorisation that bitcoin offers.

Im sick and tired of all those stupid news about this or that banking brand claiming how the "blockchain will revolutionize everything" or "the technology behind bitcoin..." blah blah all that crap.


When are those idiots going to be forced to admit that the real innovation is bitcoin+blockchain and not only blockchain? They truly disgust me.