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.
Topic: Why Banks Hates Bitcoin? - page 8. (Read 9285 times)
banks hates bitcoin maybe do not get bonus or fee of people, if people are moving to bitcoins
and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
Probably, but I think bank hates bitcoin is because they cannot enjoy the service of bitcoin only few bitcoin wallet providers are earning with it without interest unlike banks they are always thinking about profit and interest.
Because they know that bitcoin is a better system than banks.
Bitcoins are probably going to drive them out of business. That's why they hate it so much.
Bitcoins are probably going to drive them out of business. That's why they hate it so much.
Might be. If bitcoins will be used as a good investing currency to other mutual funds or other trending funds then it will be a hell of good outcome for bitcoin holders. We know what banks do in our savings that are being hold by them. They use it for their own profit. While they give us just the small amount of what they earned.
banks hates bitcoin maybe do not get bonus or fee of people, if people are moving to bitcoins
and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
Lol ith the reasons that make no sense. even the owner of banks in the country had not yet know what it is bitcoin? so this thread is about "why banks hate bitcoin" is just speculate person only. not all banks hate bitcoin a case of me proving that many people do not know what is bitcoin? then why can hate bitcoin? lol and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
Because they know that bitcoin is a better system than banks.
Bitcoins are probably going to drive them out of business. That's why they hate it so much.
Bitcoins are probably going to drive them out of business. That's why they hate it so much.
Banks are hating Bitcoin because they also see that Bitcoin is getting more popular and more people will use it as their payment method and that is perfect for the currency.
It works also much faster and better but you have to know that it can takes a long time until the value will be more.
It works also much faster and better but you have to know that it can takes a long time until the value will be more.
banks hates bitcoin maybe do not get bonus or fee of people, if people are moving to bitcoins
and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
I think it's not the reason that makes hate bitcoin bank. banks will not pull its fee or as of bitcoin. and the bank can not control anything. it is not the authority of the bank itself?and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
so I think the bank will not hate bitcoin maybe for this time
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing,Wrong if banks enter into bitcoin world they will try to control and a lot of pumps and dumps should happen as they are able to invest any ammount into bitcoin.Who would earn almost nothing and take a huge risk would be us small owners of bitcoin,banks has their services that get them a huge interest ,they arent affected by bitcoin at all as the most people trading bitcoin has to use bitcoin to moove the money in and out taking their fees.
banks hates bitcoin maybe do not get bonus or fee of people, if people are moving to bitcoins
and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
All they would have to do is start mining in order to start making a fee of of getting people to move Bitcoins. and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
As for your other points, though, this is exactly why governments don't necessarily like Bitcoin; they can't control it. Technically speaking, they have no way to control it outside of owning 51% of the hashing power, and at this point that would be a monstrous investment for any country and would likely not be worth it until Bitcoin becomes a big financial entity, and then it would be even more brutal for the governments to take it over due to the sheer number of hashes they would have to be able to procure per second.
banks hates bitcoin maybe do not get bonus or fee of people, if people are moving to bitcoins
and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
and it's hard to control bitcoins because bitcoin is anonymous and i think its very good for privacy.
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing,Wrong if banks enter into bitcoin world they will try to control and a lot of pumps and dumps should happen as they are able to invest any ammount into bitcoin.Who would earn almost nothing and take a huge risk would be us small owners of bitcoin,banks has their services that get them a huge interest ,they arent affected by bitcoin at all as the most people trading bitcoin has to use bitcoin to moove the money in and out taking their fees.
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
they already knew about bitcoin, even they are interested in technology behind bitcoin yeah the blockchain, but they are aware of bitcoin, since they can't controll it, as we know that banks make money by charging fees for services they provide and by charging interest on money that they lend, if they adopted bitcoin they will earn nothing,
Every major financial institution around the world is aware of Bitcoin and all of them are at least researching the technology. The smart ones are building prototype systems built on the tech. Some or many of them may never touch Bitcoin the crypto-currency, but they will all use the tech at some point. I believe many of them will actively hold and exchange Bitcoin at some point and a number of them very likely hold some BTC right now.
If people store money as bitcoin, then it takes away from the bank's business. The banks use depositor's money to invest and make more money from it.
Yes and banks are aware that if bitcoin gets on the mainstream then it will be huge loss for them in terms of customers and also in the monetary value.
If people store money as bitcoin, then it takes away from the bank's business. The banks use depositor's money to invest and make more money from it.
Banks hates bitcoin because they can not control bitcoin and they can not become regulator for bitcoin.
I think they can control and regulate bitcoin and can device a system for it, they should have to start a wallet system for it or have to start an exchange system for it, with that they will have some control on bitcoin and people will need them to store their bitcoin. 
If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.
Banks hate bitcoins because its a true competitor of them. Bitcoins has low taxes, no setup fees, no upfront charges. So people will be more attracted towards the Bitcoins as compared to banks
One more reason is here, because most of the people in the other countries are using their money into bitcoins, than banks faces the lose. because now people refer convert their money into bitcoins, instead of save their money into bank account. so bank face the lose.
Banks hates bitcoin because they can not control bitcoin and they can not become regulator for bitcoin.
Banks dont like the bitcoins
I think they didnt know how bitcoin works.. and they are affraid about scams.. because many scam and illegal about bitcoin thats why they are hating it..
Probably because Bitcoin is fairly anonymous, they can't take any part in the transactions as a middleman and it's decentralized.
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