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Topic: You all ready for Banks War on BTC? (Read 383 times)

newbie
Activity: 5
Merit: 0
January 15, 2018, 07:45:43 PM
#26
the war is started many government makes plan to regulate bitcoin.
they will try to make bitcoin so weak after than make it under control
member
Activity: 210
Merit: 26
High fees = low BTC price
January 15, 2018, 01:54:26 PM
#25
Satoshi embedded this in BTC code.  “Chancellor on brink of second bailout for banks”.

Satoshi was no fan of banks.

Hold on a second !

Satoshi knew from day one that Bitcoin would not scale and the mining using CPU-Wars and Pow
would only lead to keeping Intel and AMD in profit by selling hardware to be wasted plus a waste
of energy to keep big oil happy

Fast forwards nine years and the bankers themselves want some exposure and Lightning Network
uses these things that they call hubs that hold a private balance sheet and charges fees, in other
words banks.

Quote
And now we have Goldman Sachs coming to BTC's rescue via the futures.


The same names keep always popping up and they all have something in common so we
sure that Satoshi is not a double agent because he is no hero in my book
newbie
Activity: 14
Merit: 0
January 15, 2018, 01:45:49 PM
#24
I think the possibility of this happening is high because Bitcoin doesn't rely on banks during their transactions plus they are independent with the market prices.
full member
Activity: 308
Merit: 100
January 07, 2018, 06:40:02 PM
#23
Well banks are old wolfes of the market and they would find a way to implement btc or similar tech into their system which can make later in future btc to swift hands.
copper member
Activity: 1330
Merit: 899
🖤😏
January 07, 2018, 06:32:48 PM
#22
Its not yet possibility for that because without bank we cannot earn money for bitcoin. Because we are using bitcoin to exchange it into a cash and buy some other things. After 10yrs maybe were using now btc for all currency but we still have also the cash.
In ten years from now the size of Bitcoin ledger would be dozens of terabytes, some miners would also keep spamming the network with thousands of transactions and would constantly spend some coins over and over to keep the fees high, Bitcoin is not going to be a currency of every day lives and purchases. imagine 300K full nodes each of them with 50 terabytes of data, normal people already can't afford a full node now, in 10 years only miners will run full nodes.
OP, I'm ready for the big crash of alts, big investors are pumping alts to get more cash when they would dump them for Bitcoin, even if my activity tokens were listed on 2 exchanges, they would've pumped them as well to dump for Bitcoin.
member
Activity: 101
Merit: 10
January 07, 2018, 02:31:47 PM
#21
the war has already started with the XRP
newbie
Activity: 32
Merit: 0
January 07, 2018, 02:29:20 PM
#20
Its not yet possibility for that because without bank we cannot earn money for bitcoin. Because we are using bitcoin to exchange it into a cash and buy some other things. After 10yrs maybe were using now btc for all currency but we still have also the cash.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
January 07, 2018, 02:19:46 PM
#19
Well I dont like the fact that the futures got introduced, this will mean that the institutions will no longer buy bitocin but some stupid contracts on cme which i dont like at all and it will be a huge dissapoitment,
They are trying to pull the same trick they pulled on gold, they are trying to make the price of bitcoin to go lower, but there is a key difference between gold and bitcoin, bitcoin is an online currency so selling it and buying it is a lot easier than gold and so their plan is going to fail.
hero member
Activity: 866
Merit: 1001
January 06, 2018, 05:58:01 PM
#18
Wow, why there are so many newbie accounts creating fear over the price?

This is for the CME only,

Maybe this is a complot of Roger Ver and all the bcash lovers in order to bring down the price of bitcoin one more time.
It is very strange, on the main page of Bitcoin Discussion, ten of twenty threads are just talking about fear over the futures.
I really want it to be tomorrow, i will close the asses of all you who are talking about futures and that bitcoin will be killed.

There is never going to be a war against btc.
I highly doubt that it may be paid posts by the team against bitcoin.They just want to spread FUD against bitcoin.One interesting thing to note is that most of such posts against bitcoin are from newbie accounts.All they want is just to give a negative publicity to bitcoin.

Even now,recently we could see the altcoin ripple increasing in its market cap highly which is supported by almost most of the banks all around the world.

But still bitcoin continues to survive despite having a poor core team.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
January 06, 2018, 05:44:14 PM
#17
I think that despite the war between banks and bitcoins, banks can not beat bitcoin, because banks can not do much, even though banks will raise interest rates for savings to attract people, even the bank itself will go bankrupt, because the bank will not be able to beat the bitcoin in terms of investment. i think bank should be cooperate with bitcoin, and utilize bitcoin, that's will be better
Banks don't care bitcoin, they care about their own system, and the development of an own blockchain system to cut the costs. Bitcoin is not yet the real competitor to them, but it can be in a few years time. As soon as the Lightning Network goes live (I don't mind if it lasts longer, there should be enough tests on the mainnet, or a bit more tests, because here we talk about huge amount of money), it will start to change the way people transfer money (there will be no need to use banks but the p2p solution with bitcoin will be easier and quicker). Of course, at first, the companies won't change, just the people, but that will have a huge impact on banks. That time they will realize the real potential in bitcoin.
full member
Activity: 756
Merit: 100
January 06, 2018, 04:26:18 PM
#16
I think that despite the war between banks and bitcoins, banks can not beat bitcoin, because banks can not do much, even though banks will raise interest rates for savings to attract people, even the bank itself will go bankrupt, because the bank will not be able to beat the bitcoin in terms of investment. i think bank should be cooperate with bitcoin, and utilize bitcoin, that's will be better
newbie
Activity: 210
Merit: 0
January 06, 2018, 03:44:52 PM
#15
no way how may u say that . i dont think that There is never going to be a war against btc.
full member
Activity: 234
Merit: 100
January 06, 2018, 03:18:07 PM
#14
Banks will never gonna make negative impact into Bitcoin. It might be the other way round. Which means, buying, selling and trading bitcoins will be much more easier in a regulated way.

Moreover, banks might have other intentions by entering into Bitcoin and that is, by studying the blockchain technology and building their own blockchain based crytocurrency. Just like what ripple did.
sr. member
Activity: 686
Merit: 282
January 06, 2018, 03:11:30 PM
#13
This is a propaganda to destroy public confidence in Bitcoin. Bitcoin was created against the dominance of corrupt banks, and the work system of Bitcoin and Bank is different. how can Bitcoin and Bank work together?
I agree! The higher BTC price, the more attacked it will be. Banks will never accept BTC. This is competition.
newbie
Activity: 70
Merit: 0
January 06, 2018, 03:06:48 PM
#12
 Banks that are presently clamouring for the ban of Bitcoin have suddenly fallen
 in love with it and doesnt really have any option than to adopt it fully in their
 operation. Bitcoin is the only miracle that banks need to meet up with their
 financial obligation to their customers.
newbie
Activity: 38
Merit: 0
January 06, 2018, 02:41:25 PM
#11
Why would there be any war, While losing field (the bank), is a question that in any market there is competition, should only raise their options and improve
member
Activity: 602
Merit: 10
January 06, 2018, 02:34:28 PM
#10
This is a propaganda to destroy public confidence in Bitcoin. Bitcoin was created against the dominance of corrupt banks, and the work system of Bitcoin and Bank is different. how can Bitcoin and Bank work together?
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
January 06, 2018, 01:37:26 PM
#9
This is quite contradictory, because nakamoto projected bitcoin as a revolutionary trade system operated peer to peer without a third part to regulate and tax the transactions. But what we see today are exchanges that soon or later Will be heavely regulated and Banks willing to profit from something designed to exclude them... what a turnaround in history!
In the future we will use decentralized exchanges, if you use fiat then you need to follow the rules of fiat and their creators, governments and banks, but if you use crypto you do not have to follow their rules, so whenever you can use only crypto and pay with it when you can.
newbie
Activity: 7
Merit: 0
January 06, 2018, 01:17:21 PM
#8
Many are uncomfortable with the introduction of futures. This is because Bitcoin was designed not to have any ties with banks or have a central regulation system.
full member
Activity: 434
Merit: 100
December 11, 2017, 01:17:56 PM
#7
Somehow today banks and bitcoin has a good relationship but I think sooner or later in future they will collide and sparks a fire between them.
Many commercial banks in the whole country or the world sees the great potential of bitcoin which can be threat from their success.
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