i disagree with the Poll. i believe banks will never be obsolete. they are old systems that have been offering services (good and very useful services) to people for money. and their services for money will always be needed one way or another. we can not deny that.
but the thing is that these banks need to change and update themselves to the new world and new technologies of this new age. so far they are threatened that their business and their earning is going to diminish because of bitcoin and blockchain technology. but soon they will realize it is inevitable and they need to adopt instead of fighting it because that is a battle they are not going to win.
Topic: Why banksters are now in war with bitcoin? - page 2. (Read 1099 times)
Haha looks like the banks are bringing in fear to all the suckers who are buying Bitcoins late. They don't want hope for the platform and are spreading negativity like wildfire. I would just ignore them and continue to invest for the long haul, especially if you just bought into it.
I could have seen this coming a marathon away.
I could have seen this coming a marathon away.
Bankers sooner or later are going to accept that Bitcoin is a currency just like the others. They don't like it because Bitcoin is out of their control. I dont think Bitcoin is fully decentralized because if you think about it, miners do have some power over Bitcoin.
In reference to what Jamie Dimon (JP Margan CEO) says, calling bitcoin as a fraud.
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin
We know for sure these days will come when banks and bankers will start the war with bitcoin.
So why these banksters started their war this time while bitcoin is recovering from the Chinese nightmare?
Bankers want to kill bitcoin for what reason? Perhaps, they see bitcoin provides more promising future compare to their nasty banking system.
Share your thoughts on this matter, please? thanks.
The guy is not very smart. Calling fraud a technological innovation, that is only not more revolutionary than the Internet itself, it's a very stupid attitude.https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin
We know for sure these days will come when banks and bankers will start the war with bitcoin.
So why these banksters started their war this time while bitcoin is recovering from the Chinese nightmare?
Bankers want to kill bitcoin for what reason? Perhaps, they see bitcoin provides more promising future compare to their nasty banking system.
Share your thoughts on this matter, please? thanks.
I don't even know what he expects with this. Bring more publicity to Bitcoin?
Bitcoin heralds a new age more disruptive than that of today’s Internet. Disruption can be a good thing, especially when it affects banking, a failing set of business models which, for all the tweaks, have been virtually unchanged for millennia. Paradoxically, some banks are afraid of Bitcoin because it would force them to innovate.
Diamon and the commercial bankers are the least of the difficulty bitcoin must overcome. Just wait until the Federal Reserve Bank and Congress finally declare war. it will be walking a tightrope between falling on the side of bitcoin transactions being taxed allowing it to survive or falling on the other side where it becomes nothing more then the currency of the black markets.
If bitcoin does not make peace with the US government, kiss it goodby for anything but money laundering.
If bitcoin does not make peace with the US government, kiss it goodby for anything but money laundering.
I do not think that the only government that have authority over currency is US, there are these Russia and China, though China is somehow a bit hostile to bitcoin at this moment, there is also Japan and Australia but these two will probably influenced by US. My assumption Russia and China will accept it once US turn down and become hostile to Bitcoin. This is how competition in economic leadership fare I think.
Diamon and the commercial bankers are the least of the difficulty bitcoin must overcome. Just wait until the Federal Reserve Bank and Congress finally declare war. it will be walking a tightrope between falling on the side of bitcoin transactions being taxed allowing it to survive or falling on the other side where it becomes nothing more then the currency of the black markets.
If bitcoin does not make peace with the US government, kiss it goodby for anything but money laundering.
If bitcoin does not make peace with the US government, kiss it goodby for anything but money laundering.
I could see a scenario where Bitcoin survives and banks have to actually adapt to it. Banks could provide customers a service of converting Bitcoins to fiat and vice versa for its customers. They could even set up secure Bitcoin wallets for customers that are not tech savvy enough to feel comfortable doing it themselves. The banks could charge small fees for these services and embrace this technology.
Banks could even issue Bitcoin credit cards to get in on that part of the Bitcoin economy as well. They really could use Bitcoin in their banking practices rather than fighting it. Just like the internet a few years ago, Bitcoin may be one of those things that you can't stop but you just have to jump on board and use it to your advantage. Any bank that does this first could be on the cutting edge of this technology.
Diamon and the commercial bankers are the least of the difficulty bitcoin must overcome. Just wait until the Federal Reserve Bank and Congress finally declare war. it will be walking a tightrope between falling on the side of bitcoin transactions being taxed allowing it to survive or falling on the other side where it becomes nothing more then the currency of the black markets.
If bitcoin does not make peace with the US government, kiss it goodby for anything but money laundering.
If bitcoin does not make peace with the US government, kiss it goodby for anything but money laundering.
Bank already in war secretly with Bitcoin since 2010 from bad press about bitcoin, encourage government/federal bank to ban/regulate bitcoin, makes buy/sell bitcoin process complicated any many more.
They also use blockchain technology, offer various promotion/discount and promise lower fees to prevent people adopt bitcoin.
But i think what he said is just another bad press about bitcoin since various people/media already said bitcoin is scam, ponzi, fraud, failure idea or will die thousand times (https://99bitcoins.com/obituary-stats/)
They also use blockchain technology, offer various promotion/discount and promise lower fees to prevent people adopt bitcoin.
But i think what he said is just another bad press about bitcoin since various people/media already said bitcoin is scam, ponzi, fraud, failure idea or will die thousand times (https://99bitcoins.com/obituary-stats/)
In America, the big banks basically run the country. In fact, many of the top officials in the Trump administration are from big banks such as Goldman Sachs. Big banks pay all the politicians to influence legislation. This is true for both political parties.
The point is that I agree that banks have a major influence on policy in America. They may try to suppress Bitcoin and other cryptocurrencies. They could succeed but we also see that over the years, Bitcoin has grown to be worth almost $5000 about a month ago.
I think Bitcoin will survive because it's a true grass roots movement that is worldwide and has momentum. At some point, I think banks will need to work with Bitcoin rather than against it.
They are afraid of losing their job because of bitcoin
In reference to what Jamie Dimon (JP Margan CEO) says, calling bitcoin as a fraud.
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin
We know for sure these days will come when banks and bankers will start the war with bitcoin.
So why these banksters started their war this time while bitcoin is recovering from the Chinese nightmare?
Bankers want to kill bitcoin for what reason? Perhaps, they see bitcoin provides more promising future compare to their nasty banking system.
Share your thoughts on this matter, please? thanks.
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin
We know for sure these days will come when banks and bankers will start the war with bitcoin.
So why these banksters started their war this time while bitcoin is recovering from the Chinese nightmare?
Bankers want to kill bitcoin for what reason? Perhaps, they see bitcoin provides more promising future compare to their nasty banking system.
Share your thoughts on this matter, please? thanks.
Apparently some banks see Bitcoin as a threat to their business. I'm sure part of this is because of some of the features of Bitcoin as follows:
1) Bitcoin can be used to store money without using a bank.
2) Bitcoin allows you to send money anywhere in the world without using a bank
3) There is potential for Bitcoin to be used as a method of payment so you wouldn't need bank checks or bank credit cards.
I think this third point may be the most damaging to banks because most people in my country use credit cards issued by big banks to make purchases and the banks get a percentage of the purchase price in a fee and collect interest from the card holder. This part of their business could be threatened by Bitcoin.
A very obvious reason to this thing is the effect of bitcoin on the shares and capital markets. Bank FD, bonds ,shares, MF there is nothing in this world that could provide return that has been provided so far by bitcoin. This has attracted a lot of people towards this market of cryptos. As this market grows the ordinary share market would eventually collapse. This is the reason that top knotch investors and bankers criticize bitcoin. Warren Buffet too once said bitcoin is mirrage. Reason is their insecurity towards money.
There is no open war because that way, banks would immediately raise a lot of attention for Bitcoin, and achieve the exact opposite.
So they lobby against BTC openly and covertly. In this case openly.
Jamie has made over 1000 000 000 in the fiat banking system (that is defrauding hard working people by design) and now has the nerve to claim that Bitcoin "is created from thin air"!!!!!!!!!!!!!
What a dirty lie, BTC is proof-of-work. FIAT IS CREATED FROM THIN AIR.
Disgusting, dirty banksters, make me sick to the stomach
So they lobby against BTC openly and covertly. In this case openly.
Jamie has made over 1000 000 000 in the fiat banking system (that is defrauding hard working people by design) and now has the nerve to claim that Bitcoin "is created from thin air"!!!!!!!!!!!!!
What a dirty lie, BTC is proof-of-work. FIAT IS CREATED FROM THIN AIR.
Disgusting, dirty banksters, make me sick to the stomach
In reference to what Jamie Dimon (JP Margan CEO) says, calling bitcoin as a fraud.
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin
We know for sure these days will come when banks and bankers will start the war with bitcoin.
So why these banksters started their war this time while bitcoin is recovering from the Chinese nightmare?
Bankers want to kill bitcoin for what reason? Perhaps, they see bitcoin provides more promising future compare to their nasty banking system.
Share your thoughts on this matter, please? thanks.
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin
We know for sure these days will come when banks and bankers will start the war with bitcoin.
So why these banksters started their war this time while bitcoin is recovering from the Chinese nightmare?
Bankers want to kill bitcoin for what reason? Perhaps, they see bitcoin provides more promising future compare to their nasty banking system.
Share your thoughts on this matter, please? thanks.
Jamie Dimon has been attacking bitcoin for years now. Looks like all the idiots that aren't cut to hold Bitcoin got scared because this dumbass said it is a "fraud". Well let them sell, we don't need them on board. We need strong people, not faggots that panic everytime CEO-of-whatever speaks against Bitcoin. Once only real holders are on board these things will not happen anymore.
Easy my guy, not everybody is panic to the level of selling their bitcoins.
I think only newcomers will try to sell all their bitcoins because of what JP Morgan CEO said.
People are currently dumping their bitcoins and altcoins because they don't understand bitcoin is competition to banks.
And bankers will try everything possible to destroy bitcoin because bitcoin is slowing taking over their business.
Sure banks and banksters don´t like btc. Its out of their control and they can´t make income. The biggest fear is that more use btc every where for buying goods every day. This will be the end of credit cards and bank accounts.
Forget what Jamie Dimon says. Its pure propaganda. You can see it if you look exactly.
Forget what Jamie Dimon says. Its pure propaganda. You can see it if you look exactly.
Because "fakecurrency" bitcoin detracts from their racket of issuing their own fake money that makes them rich off the ignorance of the masses.
I don't think it's a declaration of war, it's the opinion of this one guy, maybe the opinion of that bank.
That is what that organisation does. It looks at businesses and gives an evaluation. And not every evaluation is positive.
It is up to the bitcoin community to prove him wrong.
Nobody is forcing anybody to sell, all the owners sell on their own free will.
That is what that organisation does. It looks at businesses and gives an evaluation. And not every evaluation is positive.
It is up to the bitcoin community to prove him wrong.
Nobody is forcing anybody to sell, all the owners sell on their own free will.
Banks wont get obsolete, the system is to reliable in some countries.
Banks have always been this way to bitcoin. They either attack with these kind of articles or create a their own coin to challenge bitcoin. Either way they all want the same thing, to get, if not all, the majority of bitcoin users to go back and use banks to keep their money. Best thing to do is to ignore them and hole while other people fall for these FUDs.
because for some group, their monopoly will remain going down, so the need to act with bitcoin.
But we are community here stand to support bitcoins yeah
But we are community here stand to support bitcoins yeah
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