Topic: Will the Banking Industry kill Bitcoin and keep the Blockchain? (Read 8859 times)
They cant, it is too late, the only thing they can do is use their lobbyes to try make legal enviroment hard to cryptocoins, but always will be ways to avoid it
December 29, 2015, 08:30:59 PM
Not too many are interested in Bitcoin only because they don't know of it. That in mind is what will not be our downfall though.
December 29, 2015, 04:05:28 PM
Banks will have to eventually adopt or create their own digital currency eventually. As it stands bitcoin is their main competitor and could bankrupt them as a company if they don't evolve somehow. Creative destruction. Banks getting involved into the digital currency field wouldn't necessarily be a bad thing either. It would help with the adoption of a digital currency for the mass public and just because they create one doesn't mean bitcoin will become obsolete.
There creation could backfire. It could help introduce people to digital currency and if they create a inferior product, could help drive people to use bitcoin instead. It could always go the other way though who knows
There creation could backfire. It could help introduce people to digital currency and if they create a inferior product, could help drive people to use bitcoin instead. It could always go the other way though who knows
December 29, 2015, 03:35:33 PM
Let's hope they will not.
Banks are very powerfull and rich. If bitcoin was their product, it would be the world wide standard a few years ago.
If they develop their our bitcoin, then we can be screwed.
Banks are very powerfull and rich. If bitcoin was their product, it would be the world wide standard a few years ago.
If they develop their our bitcoin, then we can be screwed.
December 29, 2015, 01:54:25 PM
Bitcoin is a once in a lifetime opportunity but it will get capped in value by governments eventually, it will always exist but will be relegated to the dark web and libertarians only. Bitcoin will have to remove all anonymity in order to survive and I don't think that will happen.
December 29, 2015, 01:50:17 PM
Bitcoin is freedom and has the power to kill a bit the bank systems but not completely.
This is the same as mail vs e-mail, time by time bitcoin will evolve.
This is the same as mail vs e-mail, time by time bitcoin will evolve.
Bitcoin just has to survive!The banks are killing themselves with their f***ing schemes.
It's just a matter of time until we will see the next crisis!And this time it will be bigger than 2008.
Stock-, real estate- and bond markets will burst!!
December 29, 2015, 01:22:38 PM
Bitcoin is freedom and has the power to kill a bit the bank systems but not completely.
This is the same as mail vs e-mail, time by time bitcoin will evolve.
This is the same as mail vs e-mail, time by time bitcoin will evolve.
December 29, 2015, 01:17:55 PM
A banking blockchain would be completely separate to bitcoin & the bitcoin blockchain.
Theirs would most likely be a load of shit & banking fees make their blockchain a pointless waste of time, it can't compete with bitcoin & it's blockchain.
Theirs would most likely be a load of shit & banking fees make their blockchain a pointless waste of time, it can't compete with bitcoin & it's blockchain.
December 29, 2015, 01:14:06 PM
I think no, Bitcoin would still survive as long as Blockchain. There is no Blockchain without Bitcoin, and there is no Bitcoin without Blockchain.
December 29, 2015, 06:49:06 AM
I don't think so. But I do think that banks are not happy with BTC imo but they do love the tech behind it.
December 29, 2015, 06:46:36 AM
there is a good possibility that banks might go after the transaction fees that blockchain and other wallets make by introducing a wallet of its own(of the bank) and claiming to be much more secure and providing services which do not accept bitcoins now, there is a strong possibility for this to happen but completely going after bitcoin for extinction of bitcoin won't be helpful in any sense to the banks as these banks are too big if compared to bitcoin
December 29, 2015, 05:59:03 AM
i dont think there is anyway that banks could be sued or blamed for using a bitcoin type block chain, but even if that does cause bitcoin to die down, other coins will just take the lead with innovations
I would think that you could sue banks if they copy your idea (in this case, blockchain). But really, "invest in blockchain", the banks aren't going to do this. Bitcoin will not die down because of this. If this does happen, some altcoin will just take over.I think it's inevitable that the banks will use their own private blockchains but it wont kill bitcoin. Bitcoin is meant to exist outside of the banks and central authorities so it will continue to operate independently as we will always need a decentralized currency to avoid censorship and manipulation by central banks. Bitcoin's potential is far greater than whether banks use it.
Bitcoin was made to be a currency that you can use instead of fiat. Banks will try kill Bitcoin, but they won't succeed. December 29, 2015, 05:33:47 AM
Nobody can kill bitcoin once there are people who use it.that is why it is important to promote bitcoin as a good decentralised option in the digital currency arena.Just because banks use blockchain tech it doesnt mean bitcoin users or future users would even consider it.Bitcoin is about more than just a digital currency.With bitcoin you are your own bank.They could try to undermine and attack it other ways of course but bitcoin seems to be going to last the course.
Thats the key, you got it
, even if banks decide to do whatever they want, if people use bitcoin they cant stop it. Now the question is, will people use bitcoin even if banks start to use his own blockchain and/or his own currency?I hope that yes, people start to wake up after a long history of fiat scammers....
That's the big question: will people still use bitcoin if the banks provide their own blockchain technology? I don't know if they would use bitcoin if they could get the same functionality from another platform....especially an insured platform! The hardcore will still use bitcoin but will the corner store?
December 21, 2015, 02:22:15 PM
Nobody can kill bitcoin once there are people who use it.that is why it is important to promote bitcoin as a good decentralised option in the digital currency arena.Just because banks use blockchain tech it doesnt mean bitcoin users or future users would even consider it.Bitcoin is about more than just a digital currency.With bitcoin you are your own bank.They could try to undermine and attack it other ways of course but bitcoin seems to be going to last the course.
Thats the key, you got it
, even if banks decide to do whatever they want, if people use bitcoin they cant stop it. Now the question is, will people use bitcoin even if banks start to use his own blockchain and/or his own currency?I hope that yes, people start to wake up after a long history of fiat scammers....
December 21, 2015, 02:03:05 PM
I think it's inevitable that the banks will use their own private blockchains but it wont kill bitcoin. Bitcoin is meant to exist outside of the banks and central authorities so it will continue to operate independently as we will always need a decentralized currency to avoid censorship and manipulation by central banks. Bitcoin's potential is far greater than whether banks use it.
December 21, 2015, 01:54:23 PM
Nobody can kill bitcoin once there are people who use it.that is why it is important to promote bitcoin as a good decentralised option in the digital currency arena.Just because banks use blockchain tech it doesnt mean bitcoin users or future users would even consider it.Bitcoin is about more than just a digital currency.With bitcoin you are your own bank.They could try to undermine and attack it other ways of course but bitcoin seems to be going to last the course.
December 21, 2015, 01:50:28 PM
I read a very interesting article today @
http://www.coindesk.com/twelve-banks-blockchain-consortium-r3/
Banks are not standing by anymore, they are researching and analyzing bitcoin these days.
To me they thought bitcoin was just a hype and it would go away as fast as it came.
Now things are getting more and more serious, so they need to 'analyze'
Thing is though, that they can't kill bitcoin, since they can't kill all the nodes.
http://www.coindesk.com/twelve-banks-blockchain-consortium-r3/
Banks are not standing by anymore, they are researching and analyzing bitcoin these days.
To me they thought bitcoin was just a hype and it would go away as fast as it came.
Now things are getting more and more serious, so they need to 'analyze'
Thing is though, that they can't kill bitcoin, since they can't kill all the nodes.
December 21, 2015, 01:50:22 PM
No bitcoin will kill the banking industry, and we will keep the blockchain 
December 21, 2015, 01:48:42 PM
Banks will implement Bitcoin and get profit from Bitcoin and Blockchain. May be even banks will get the best possible value from Bitcoin after it implementation.
Banks will implement Blockchain but dislike Bitcoin. When all banks of the world implement Bitcoin then we will see flight to the Moon and maybe higher 
December 21, 2015, 01:45:43 PM
Banks will most probably adopt the blockchain as a means to reduce their own transaction costs, and by doing this they are adopting the bitcoin currency almost by proxy since you cannot use the blockchain without using the currency, it is the currency (keys) that allows for interaction with the chain
They could just create their own blockchain, but it will certainly be less secure than bitcoins chain due to having less hashing power
The bankers will adopt bitcoin, but in a very stealthy, gradual and systematic way. Rest assured
They could just create their own blockchain, but it will certainly be less secure than bitcoins chain due to having less hashing power
The bankers will adopt bitcoin, but in a very stealthy, gradual and systematic way. Rest assured
The bankers don't care about decentralization and open-sourceness, they care about cutting expenses and making profit, therefore they will avoid using the Bitcoin blockchain for as long as possible. Obviously, in the long run this is a dead end and they will learn the fact that Bitcoin blockchain is the only relevant blockchain the hard way.
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