Why Banks Hates Bitcoin? - page 12. | Bitcointalksearch.org

darewaller

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Quote from: bittrojan on April 27, 2016, 10:28:58 AM

Quote from: bL4nkcode on April 26, 2016, 10:51:43 AM

Why banks hate bitcoin... And why we no longer need them...

What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.

And bitcoin has faster transactions than the bank and more secure I guess.

they hate because they know bitcoin can give them threat,bank afraid all people start leaving bank and choose bitcoin for their payment and investment,and this year they scared this is gonna happen.

You are right, but if banks also adopt bitcoin and they start to provide different services for bitcoin users then I think they will earn a good profit from it and that profit will be more big then their present earning from the savings.

eternalgloom

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I know that some banks in my country are blocking payments to certain Bitcoin exchanges, I've always wondered why.
I've read some announcements about this and they say it's because they want to 'protect their customers', which is obviously a load of bullshit.

I think it was KBC.

AsaroUk

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Banks hate Bitcoin because the value is going to rise more and more and it is also becoming more popular so that is nice for the currency itself.
And the transaction cost are also much lower than the banks and it happens also much faster so that is the nice thing of Bitcoin.

jossiel

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Banks hate bitcoin because we don't need them anymore when bitcoin rise higher and higher.

Bitcoins bank would probably our wallet addresses.

matanx

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bank hate bitcoin because they will shut down if bitcoin success
and even now, many competitior such as Hong Kong ANX, justcoin.
these company do similar thing like a bank

ricardobs

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Quote from: bittrojan on April 27, 2016, 10:28:58 AM

Quote from: bL4nkcode on April 26, 2016, 10:51:43 AM

Why banks hate bitcoin... And why we no longer need them...

What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.

And bitcoin has faster transactions than the bank and more secure I guess.

they hate because they know bitcoin can give them threat,bank afraid all people start leaving bank and choose bitcoin for their payment and investment,and this year they scared this is gonna happen.

If banks really afraid from bitcoin then yes it will be that only reason that do not want to lose their users who keep their money in banks, as if everyone leaved banks then they will not earn that amount which they earn from their customers.

Gwapo

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Obviously banks will hate bitcoin. This is mostly because bitcoin is not a centralized currency and they dont have the power to control it fully in their own terms.

I wonder if any governmental banks will ever accept bitcoin deposits or exchange. They will always stay away from it.

calkob

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probably the fact that some day the will be put out of business is the main reason

ABCbits

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Quote from: katiecbell on April 27, 2016, 10:22:47 AM

Banks hate Bitcoin because they can`t apply taxes to it.

Government force everyone who use bitcoin to use wallet provided by banks, so government can take taxes and bank can take fees.
Banks and government won't hate bitcoin if it can happen.

0day

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I think the banks hate bitcoin as they are unable to recognize that from where the users get that money/bitcoin and it is a compulsory rule of banks that banks should have to to get access to all of those data about the money input and output and other resources.

goinmerry

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Quote from: ABCbits on April 27, 2016, 10:33:47 AM

Quote from: katiecbell on April 27, 2016, 10:22:47 AM

Banks hate Bitcoin because they can`t apply taxes to it.

Government force everyone who use bitcoin to use wallet provided by banks, so government can take taxes and bank can take fees.
Banks and government won't hate bitcoin if it can happen.

Yes that would be their idea to come up with a plan on making some profit also in this free currency. They dont want anything that makes human free. They all want it to be controlled.

bittrojan

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Quote from: bL4nkcode on April 26, 2016, 10:51:43 AM

Why banks hate bitcoin... And why we no longer need them...

What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.

And bitcoin has faster transactions than the bank and more secure I guess.

they hate because they know bitcoin can give them threat,bank afraid all people start leaving bank and choose bitcoin for their payment and investment,and this year they scared this is gonna happen.

katiecbell

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Banks hate Bitcoin because they can`t apply taxes to it.

thejaytiesto

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Bitcoin removes the necessity of third parties taking massive amounts of fees to move funds, of course they are going to hate it. All those leeches living off inflated fees specially people like Western Union and Paypal, are about to get deprecated by a superior way to move money. Now with Steam you can buy games in a cheaper way, it's only the beginning and it cannot be stopped.

Denker

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Quote from: quintiilieo on April 27, 2016, 09:54:55 AM

They hate bitcoin because they dint control the price so the fees in their service is not accurate so for me thats only the reason that i kno why banks hate it. And i think other saving in bitcoin wallet that savings in banks so the people dont need banks if they know how to use bitcoin

Banks don't hate us! They love us! Or not? Roll Eyes

The central bank system as we know it exists round about a century now. It's time for a change I think.
Banks will continue to exist.But they will have to deal with competition where they can not pull the plug and just continue laying back and rubbing their own fat bellies.

MaritiJames3

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Quote from: VanDeinsberg12 on April 27, 2016, 09:50:16 AM

Quote from: Enotche on April 26, 2016, 11:57:23 AM

Quote from: bitbite111 on April 26, 2016, 11:44:52 AM

Because bitcoin dosent need banks.

Yeah, you are right!
n the event that people will not use the standard payment systems, financial institutions will lose their business. But central banks will lose their ability to help economic activity to fall and rise.
It's quite common when people are afraid of losing the old and familiar, to get a new one.

In fact and whatever it is,the bitcoin still need bank because bitcoin values depend on condition of currency,where the money spinning is inside bank.

Bitcoin could do without banks, just watch localbitcoins. But it is easier for most people to buy/sell using a third party like bank, but on the long term bitcoin can and will work without any interference of any bank.

quintiilieo

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They hate bitcoin because they dint control the price so the fees in their service is not accurate so for me thats only the reason that i kno why banks hate it. And i think other saving in bitcoin wallet that savings in banks so the people dont need banks if they know how to use bitcoin

VanDeinsberg12

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Quote from: Enotche on April 26, 2016, 11:57:23 AM

Quote from: bitbite111 on April 26, 2016, 11:44:52 AM

Because bitcoin dosent need banks.

Yeah, you are right!
n the event that people will not use the standard payment systems, financial institutions will lose their business. But central banks will lose their ability to help economic activity to fall and rise.
It's quite common when people are afraid of losing the old and familiar, to get a new one.

In fact and whatever it is,the bitcoin still need bank because bitcoin values depend on condition of currency,where the money spinning is inside bank.

HarryKPeters

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I don't see it as hate, it is just that bitcoin is competing with them in a very lucrative market. They don't want to lose that profit so they fight bitcoin in every way they can.

DimensionZ

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Shit, did I leave the stove on?

Banks hate Bitcoin because they will get less and less customers when people start to use Bitcoin more and this will hurt the business and profits of the big banks. I don't think the banks will lose half of their customers but still any account holder is precious for them because they receive a lot of fees.

Topic: Why Banks Hates Bitcoin? - page 12. (Read 9285 times)