Why Banks Hates Bitcoin? - page 15. | Bitcointalksearch.org

Enotche

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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.

bitbite111

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Because bitcoin dosent need banks.

btccashacc

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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.

Because Bitcoin is decentralized, in bitcoin, bank or government dont have ultimate controll over your money, they can't controll it and bitcoin is very dangerous for their system,also banks have nothing to be better than bitcoin.
They hates bitcoin, but they love technology behind bitcoin, the blockchain.

clopoterian

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Quote from: MingLee on April 26, 2016, 11:33:32 AM

Quote from: clopoterian on April 26, 2016, 11:28:53 AM

Pro tip, OP: If bitcoin is better than banks, don't use banks.
Banks don't hate Bitcoin, they merely don't wish to deal with "Bitcoin businesses." Rightly so, because history has shown that such "businesses" are rife with failure and fraud.

Part of them not wanting to deal with Bitcoin businesses comes from the inevitability of them having to comply with additional legislation and restrictions on Bitcoin businesses, and chances are they won't be interested in getting involved until there are rules defined by the government. And the failure and fraud, that is a big part too.

Edgy bitcoiner rhetoric like "bitcoin maek legacy finance obsolete!!!1! U ded bankster scum!" probably doesn't help much either.

chennan

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Quote from: MingLee on April 26, 2016, 11:33:32 AM

Quote from: clopoterian on April 26, 2016, 11:28:53 AM

Pro tip, OP: If bitcoin is better than banks, don't use banks.
Banks don't hate Bitcoin, they merely don't wish to deal with "Bitcoin businesses." Rightly so, because history has shown that such "businesses" are rife with failure and fraud.

Part of them not wanting to deal with Bitcoin businesses comes from the inevitability of them having to comply with additional legislation and restrictions on Bitcoin businesses, and chances are they won't be interested in getting involved until there are rules defined by the government. And the failure and fraud, that is a big part too.

That is a very true view point. Banks might could see this stuff as a type of "Ponzi scheme"/"gambling token" so they could probably justify not wanting their customers to deal with it at all and would suggest them staying far away from it. Specifically since they probably don't know much about it and what Bitcoin could do to banks in general.

MingLee

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Quote from: clopoterian on April 26, 2016, 11:28:53 AM

Pro tip, OP: If bitcoin is better than banks, don't use banks.
Banks don't hate Bitcoin, they merely don't wish to deal with "Bitcoin businesses." Rightly so, because history has shown that such "businesses" are rife with failure and fraud.

Part of them not wanting to deal with Bitcoin businesses comes from the inevitability of them having to comply with additional legislation and restrictions on Bitcoin businesses, and chances are they won't be interested in getting involved until there are rules defined by the government. And the failure and fraud, that is a big part too.

clopoterian

newbie

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Pro tip, OP: If bitcoin is better than banks, don't use banks.
Banks don't hate Bitcoin, they merely don't wish to deal with "Bitcoin businesses." Rightly so, because history has shown that such "businesses" are rife with failure and fraud.

chennan

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I would say that Bitcoin has potential to disrupt banks, but it's going to take a while for that to happen, not to mention many revolutions. People can be presented the facts of the scams the central monetary banks put on people, but until they act on it, it's not going to matter.

Plus you have to think about EVERYONE having to use Bitcoin... So with that in mind, how are people who are homeless going to use Bitcoins? Or people in third world countries? Blind people? There is a lot of stuff we have to realize will become issues in the long run of things if we really want to disrupt the monetary system of every nation.

target

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The only way to get your bitcoin safe is to keep them on your hard drive wallet and by that you won't need a bank anymore. if you put your hard earned saving into bitcoin you won't need a bank no more and that's what banks fear is. if people need no banks anymore, governments and banks can no longer control us.

MingLee

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Quote from: Alaki on April 26, 2016, 10:55:51 AM

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

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

Neh, you're wrong. IMO, bitcoins aren't that secured as compared to bank. Bitcoins, if ever hacked, you loose 'em forever but it isn't the case with the banks.

Banks are more vulnerable when it comes to identity theft as opposed to actually losing their funds, as we haven't seen many hacks of banks that have resulted in stolen funds. Typically it is just account info.

While Bitcoin's lack of chargebacks protects business owners, it can also harm users for the same reason.

Alaki

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

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

Neh, you're wrong. IMO, bitcoins aren't that secured as compared to bank. Bitcoins, if ever hacked, you loose 'em forever but it isn't the case with the banks.

bL4nkcode

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Limited in number. Limitless in potential.

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.

Topic: Why Banks Hates Bitcoin? - page 15. (Read 9285 times)