Topic: Will the Banking Industry kill Bitcoin and keep the Blockchain? - page 3. (Read 8859 times)
October 28, 2015, 10:36:13 AM
The banking industry can't do nothing about Bitcoin. Think about it. If Bitcoin "died" (will not happen) then cryptocurrency dies too. Crypto = Bitcoin. It's like that. Everyone associates Bitcoin with cryptocurrency. If Bitcoin fails, the whole crypto industry fails. If Bitcoin does good, the whole crypto industry benefits from it.
October 28, 2015, 10:16:51 AM
Reducing the fee with a fiat coin stable maybe can bring huge interest,if we users can pay the same bill and pay less why wouldnt we do that?Bitcoin will keep with their market and well the sucess of the crypto banks currency stable would be or not proven soon,as we know that we do almost all at our phones.
A reasoning voice in the chorus of those who a priory deny and don't accept other digital coin (for more fiat digital coin) except bitcoin. Maybe this post, read by them who want to read it, will made some of them to change mind about the possibility to use more than one coin if this could be convenient to everyone. Without "seeing" other lateral not important thing regarding the second coin. Obviously bitcoin will have always the first and the honored place between all the digital coins in circulation. But having friends (for sure) cannot make something bad to it.
October 26, 2015, 06:55:21 PM
Reducing the fee with a fiat coin stable maybe can bring huge interest,if we users can pay the same bill and pay less why wouldnt we do that?Bitcoin will keep with their market and well the sucess of the crypto banks currency stable would be or not proven soon,as we know that we do almost all at our phones.
October 26, 2015, 05:27:41 PM
I really don't trust bankers of the world. I know they are watching bitcoin from far away and thinking about Blockchain technology. Banks may want to take this to their advantage.
As centralized cryptocurrency.
As centralized cryptocurrency.
Banks already made clear what they want and thats the super ledger technology of the Blockchain, which they already been coming up with projects around it. Its not really going to effect BTC as such.
And a centralized cryptocurrency is called FIAT.
A centralized crptocurrency will have its name and not FIAT. We cannot call fiat the us dollar. It is fiat but its name is us dollar. The same with all the other currencies of all the countries of the world. They have their names and being fiat is another characteristic of those but not their name. We cannot call the Constitution Fiat because its name id Constitution. If we mus call everything given by a centralized center fiat we will have something like that in discussing something: Give me that fiat because I need to do a fiat which with the other fiat can create a fiat needed to use as fiat and for the fiat.
...I'm not saying it would be called FIAT, i'm not saying USD's name is "FIAT" I'm saying a centralized crypto would be what FIAT already is... A centralized, government sanctioned/controlled currency.
Completely defeat the purpose, so won't happen. What will happen is Banks absorbing the Blockchain technology. Electronic FIAT already work with cryptography transmission, the difference here will be applying the technology to a secure super ledger.
October 26, 2015, 09:47:58 AM
Banking industry will implement Bitcoin and offer it to its customers 
October 26, 2015, 05:07:55 AM
I really don't trust bankers of the world. I know they are watching bitcoin from far away and thinking about Blockchain technology. Banks may want to take this to their advantage.
As centralized cryptocurrency.
As centralized cryptocurrency.
Banks already made clear what they want and thats the super ledger technology of the Blockchain, which they already been coming up with projects around it. Its not really going to effect BTC as such.
And a centralized cryptocurrency is called FIAT.
A centralized crptocurrency will have its name and not FIAT. We cannot call fiat the us dollar. It is fiat but its name is us dollar. The same with all the other currencies of all the countries of the world. They have their names and being fiat is another characteristic of those but not their name. We cannot call the Constitution Fiat because its name id Constitution. If we mus call everything given by a centralized center fiat we will have something like that in discussing something: Give me that fiat because I need to do a fiat which with the other fiat can create a fiat needed to use as fiat and for the fiat.
October 25, 2015, 11:24:01 PM
Every financial institution and every Bank seem to have their eyes set on the bitcoin and bitcoin these days... But being Bitcoin as a currency the main competitor to banks and the traditional financial system, won't it be possible to see Banks trying to stifle bitcoin while investing in the Blockchain?
How would they go forward in killing bitcoins?
Even if they wouldn't accept it and not regulate it in any way people are still going to be interested in using almost-no fee's payments that make it possible for them to send and receive payments on a global scale instantly.
October 25, 2015, 10:48:55 PM
I really don't trust bankers of the world. I know they are watching bitcoin from far away and thinking about Blockchain technology. Banks may want to take this to their advantage.
As centralized cryptocurrency.
As centralized cryptocurrency.
Banks already made clear what they want and thats the super ledger technology of the Blockchain, which they already been coming up with projects around it. Its not really going to effect BTC as such.
And a centralized cryptocurrency is called FIAT.
October 25, 2015, 01:38:20 PM
I really don't trust bankers of the world. I know they are watching bitcoin from far away and thinking about Blockchain technology. Banks may want to take this to their advantage.
As centralized cryptocurrency.
As centralized cryptocurrency.
October 25, 2015, 07:16:14 AM
I dont know till when the banks will keep on top of investment and fiat holders,but i doubt even when bitcoin has a bigger value those member will risk their portfolio to try bitcoin,knowing the risk involved,banks will readjust their fees to try to be near the bitcoin,adopt it looks far away to happen.
October 25, 2015, 06:54:36 AM
Banks has their costumers that wont moove a penny into bitcoin,the rich wont take the money out from a bank that offers a high interest to their money stay at the bank and growing.Bitcoin can grow a lot that those kind of costumers will keep with the normal place to let the money be at ,banks.Sure they can take advantage and studying blockchain to try to make their own and they need to think how to secure it,currently bitcoin has miners to protect it.
The interest of fiat might be high, but the value of bitcoin will increase all the time because of scarcity. So those rich people will move some of their wealth into bitcoin. Banks will also adopt bitcoin to win business.
October 24, 2015, 10:57:27 PM
I would have to say that it does look like the banks are looking toward alternative transaction platforms which utilize the blockchain. Whether or not that will kill Bitcoin is is a harder question because there will still be a big black market or, rather, decentralized market which enjoys extreme value in Bitcoin's utility.
October 24, 2015, 05:29:58 PM
Banks has their costumers that wont moove a penny into bitcoin,the rich wont take the money out from a bank that offers a high interest to their money stay at the bank and growing.Bitcoin can grow a lot that those kind of costumers will keep with the normal place to let the money be at ,banks.Sure they can take advantage and studying blockchain to try to make their own and they need to think how to secure it,currently bitcoin has miners to protect it.
October 23, 2015, 08:27:24 AM
Banks will try to kill bitcoin. If they cannot and bitcoin grows bigger, banks will adopt bitcoin and save cost.
October 23, 2015, 03:00:32 AM
I think that bank should also adopt btc coin formula cause this is safe for transactions and all if we do transaction by btc then it will give us safety messurs and protects us from the problems like robbery and scams. but on the other hand here is blockchain system will is the most important part for the bitcoin economy because it is the only a place in the internet which controls al the bitcoins. there are many chances that bank can killbbtc but will they keep the blockchain system is a question till now?
October 22, 2015, 04:04:17 PM
I believe both Bitcoin and the blockchain used by banks can coexist. Bitcoin will be seen as a means to make payments online and store value and hopefully banks can provide a better service for wire transfers using the blockchain.
October 22, 2015, 01:36:24 PM
Bitcoin is the universal coin, banks will use it as the base for money exchange, just like we use Bitcoin in crypto currency exchanges
October 21, 2015, 03:32:52 AM
Iphone is already using ApplePay. Nobody needs BTC for online shopping.
BTC is just a niche e-currency.
BTC is just a niche e-currency.
Not everybody owns iPhone.
SamsungPay exists too
Apple +Samsung = +50% from the smartphone market
Bitcoin wallet
Payment solution from all kinds of smartphone
iOS + Android + Windows Phone + Blackberry = 99.6% (IDC 2015Q2)
October 22, 2015, 03:12:34 AM
Banks will try but fail miserably.
They can always create an altcoin dedicated to banks, so they will own their own blockchain.
They can always create an altcoin dedicated to banks, so they will own their own blockchain.
I will not use their coins.
A commercial bank never will have its coin. The study and the (possibly) application of blockchain by every of those which will want to make this will serve to them to reduce their costs. Nothing else. It is not possible that every bank create its own coin. The world of currencies will go in anarchy and it will a big mess. First because they must agree with every other bank to accept their coin. Then to use it. The other banks will want to do the same things. Even if this it would possible what is the reason and the meaning of all this?
Blockchain is one product of peer to peer technology. This technology is called disruptive even because decrease significantly the costs where it is applied. Bitcoin is one of its materialized applications but its possibilities are for way much more. It is the materialization of peer to peer on blockchain the reason of its study and the possibility of application of its technology to the banks which attract the lasts to be interested on it and not the production of another coin. Where can be applied then? Only those can know this but for sure in their transactions yes. Because with this application, at least, it will be the decrease of the costs of those.
October 21, 2015, 08:12:01 AM
Iphone is already using ApplePay. Nobody needs BTC for online shopping.
BTC is just a niche e-currency.
BTC is just a niche e-currency.
Not everybody owns iPhone.
SamsungPay exists too
Apple +Samsung = +50% from the smartphone market
Bitcoin wallet
Payment solution from all kinds of smartphone
iOS + Android + Windows Phone + Blackberry = 99.6% (IDC 2015Q2)
Why BTC when there are debit/credit cards linked with the phones with NO fees and instant transactions? What for?
Jump to: