|
Title: Bitcoin is closing banks already Post by: TKeenan on July 21, 2015, 11:39:32 PM Here is just the latest effect Bitcoin is having on banks... http://money.cnn.com/2015/07/15/investing/bank-of-america-branches-layoffs/index.html?iid=EL (http://money.cnn.com/2015/07/15/investing/bank-of-america-branches-layoffs/index.html?iid=EL) Lets keep up the good work.
Title: Re: Bitcoin is closing banks already Post by: notlist3d on July 21, 2015, 11:48:50 PM I don't think we can take credit on this happening. I think it is much more complex reasons.
And don't think BTC closed a big bank. I just don't see it. Title: Re: Bitcoin is closing banks already Post by: minernoob1 on July 21, 2015, 11:59:04 PM This bank is steady firing many people long before BTC was even came out yet.
Title: Re: Bitcoin is closing banks already Post by: Chef Ramsay on July 22, 2015, 12:22:16 AM Gotta keep sacrificing the little people at the bank to make more room for bonuses for the mid and upper level executives.
Title: Re: Bitcoin is closing banks already Post by: Gleb Gamow on July 22, 2015, 01:25:46 AM Gotta keep sacrificing the little people at the bank to make more room for bonuses for the mid and upper level executives. Better yet, fire a $50K/yr employee putting their salary in a savings account so that the bank can now legally loan out $500K USD. Repeat and rinse that hundreds-folds. Title: Re: Bitcoin is closing banks already Post by: Kasawari on July 22, 2015, 01:30:58 AM I don't think bitcoin can make a huge impact to the banking industry to the extent that bitcoin will be one of the reason why a bank will close down. More people still like the idea of traditional banking and there's more benefits in using their services.
Title: Re: Bitcoin is closing banks already Post by: ticoti on July 22, 2015, 01:33:39 AM Bitcoin is not closing banks and it won't be closing them in a really long term...
it may change the way they move the money, but that would be the blockchain Title: Re: Bitcoin is closing banks already Post by: jwcastle on July 22, 2015, 01:34:22 AM LOL - With that kind of logic, you can say that McDonald's french fries are causing Bank of America to close some of its branches.
Title: Re: Bitcoin is closing banks already Post by: Amph on July 22, 2015, 08:38:38 AM it has to do more with the debts problem than bitcoin, well it's indirectly helping bitcoin, but it's not a givin that people will choose bitcoin, over let's say gold or something more stable
Title: Re: Bitcoin is closing banks already Post by: Kprawn on July 22, 2015, 08:59:58 AM It's not due to Bitcoin though.. ;) Some of the banks are moving away from the HR intensive model, where there are physical bank branches in every Mall. Things are moving to a virtual online banking environment,
where people do all their banking online. Loan applications are automated and approved online and transactions are done through internet banking. The only need for a physical bank, is the dependancy on Fiat. Most banks are also investigating into developing their own ripoff blockchain technology, and this will replace the need for the Bitcoin Blockchain. Our advantage = existing massive hashing power backing the Bitcoin Blockchain and a established user base and merchant network. Title: Re: Bitcoin is closing banks already Post by: Mickeyb on July 22, 2015, 09:37:59 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :)
Title: Re: Bitcoin is closing banks already Post by: Hopalong on July 22, 2015, 09:41:39 AM Here is just the latest effect Bitcoin is having on banks... http://money.cnn.com/2015/07/15/investing/bank-of-america-branches-layoffs/index.html?iid=EL (http://money.cnn.com/2015/07/15/investing/bank-of-america-branches-layoffs/index.html?iid=EL) Lets keep up the good work. What kind of drug are you on? Bitcoin has not had an effect on anything yet. Not a single tiny little change is caused by bitcoin. Title: Re: Bitcoin is closing banks already Post by: Hopalong on July 22, 2015, 09:46:49 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. Title: Re: Bitcoin is closing banks already Post by: Mickeyb on July 22, 2015, 09:54:32 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. Well if you can say that somebody is doing well while their debt is constantly going up than OK. Also after the 2008 crisis that was just poorly fixed and hiden! Personally I don't think anything is going fine and very soon a new, big boom is imminent. Hope I am wrong but it doesn't feel that way. Title: Re: Bitcoin is closing banks already Post by: notlist3d on July 22, 2015, 10:03:32 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. The US does not have countries linked like Greece. The whole eurozone is linked especially on a monetary level. US does not really have a partner that we have that eurozone like relationship. Sure we have allies, and trade partners but i think it's a different level. Title: Re: Bitcoin is closing banks already Post by: Hopalong on July 22, 2015, 10:04:37 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. Well if you can say that somebody is doing well while their debt is constantly going up than OK. Also after the 2008 crisis that was just poorly fixed and hiden! Personally I don't think anything is going fine and very soon a new, big boom is imminent. Hope I am wrong but it doesn't feel that way. The economic crisis hit US first later Europe. US is now fully recovering and Europe will follow. The main problem now is the fall in Gold and oil prices that will continue for a long time. Land with a real export of good will do good. Title: Re: Bitcoin is closing banks already Post by: notlist3d on July 22, 2015, 10:09:55 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. Well if you can say that somebody is doing well while their debt is constantly going up than OK. Also after the 2008 crisis that was just poorly fixed and hiden! Personally I don't think anything is going fine and very soon a new, big boom is imminent. Hope I am wrong but it doesn't feel that way. The economic crisis hit US first later Europe. US is now fully recovering and Europe will follow. The main problem now is the fall in Gold and oil prices that will continue for a long time. Land with a real export of good will do good. I think Greece will need some help if you want full recovery. I don't see them being saved unless some of the eurozone do a bailout. I could be wrong on it though. I don't see the other countries letting Greece fail though. Title: Re: Bitcoin is closing banks already Post by: Mickeyb on July 22, 2015, 10:20:15 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. Well if you can say that somebody is doing well while their debt is constantly going up than OK. Also after the 2008 crisis that was just poorly fixed and hiden! Personally I don't think anything is going fine and very soon a new, big boom is imminent. Hope I am wrong but it doesn't feel that way. The economic crisis hit US first later Europe. US is now fully recovering and Europe will follow. The main problem now is the fall in Gold and oil prices that will continue for a long time. Land with a real export of good will do good. Fully recovering with the $18 trillion of debt!! Yeah right! I am not talking about stock prices, house market and interest rates. I am talking about the big picture. Next bang, when it comes, will br disastrous! Title: Re: Bitcoin is closing banks already Post by: Hopalong on July 22, 2015, 10:22:20 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. Well if you can say that somebody is doing well while their debt is constantly going up than OK. Also after the 2008 crisis that was just poorly fixed and hiden! Personally I don't think anything is going fine and very soon a new, big boom is imminent. Hope I am wrong but it doesn't feel that way. The economic crisis hit US first later Europe. US is now fully recovering and Europe will follow. The main problem now is the fall in Gold and oil prices that will continue for a long time. Land with a real export of good will do good. I think Greece will need some help if you want full recovery. I don't see them being saved unless some of the eurozone do a bailout. I could be wrong on it though. I don't see the other countries letting Greece fail though. Greece economy is a mouse piss in the ocean compared to the rest of EU economy. Title: Re: Bitcoin is closing banks already Post by: Amph on July 22, 2015, 10:30:30 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. Well if you can say that somebody is doing well while their debt is constantly going up than OK. Also after the 2008 crisis that was just poorly fixed and hiden! Personally I don't think anything is going fine and very soon a new, big boom is imminent. Hope I am wrong but it doesn't feel that way. The economic crisis hit US first later Europe. US is now fully recovering and Europe will follow. The main problem now is the fall in Gold and oil prices that will continue for a long time. Land with a real export of good will do good. I think Greece will need some help if you want full recovery. I don't see them being saved unless some of the eurozone do a bailout. I could be wrong on it though. I don't see the other countries letting Greece fail though. Greece economy is a mouse piss in the ocean compared to the rest of EU economy. greece debt is even less than any other countries in the europe zone at least based on this clock http://www.eudebtclock.org/ even if take into account that they are less in numbers, they still have no way near the debt of france or italy Title: Re: Bitcoin is closing banks already Post by: Mellnik on July 22, 2015, 11:13:48 AM Wells Faggot should die soon too.
Title: Re: Bitcoin is closing banks already Post by: Mickeyb on July 22, 2015, 11:14:12 AM I wouldn't connect this directly with Bitcoin. Financial markets and banks are in the deep problems since the 2008. Look at Europe and Greece for example. So banks are in the deep just like the whole financial sytem, now let's help them toward destruction! :) Some parts of Europe was a economic disaster a long time ago and still are. Most of Europe is doing very well just as US. Well if you can say that somebody is doing well while their debt is constantly going up than OK. Also after the 2008 crisis that was just poorly fixed and hiden! Personally I don't think anything is going fine and very soon a new, big boom is imminent. Hope I am wrong but it doesn't feel that way. The economic crisis hit US first later Europe. US is now fully recovering and Europe will follow. The main problem now is the fall in Gold and oil prices that will continue for a long time. Land with a real export of good will do good. I think Greece will need some help if you want full recovery. I don't see them being saved unless some of the eurozone do a bailout. I could be wrong on it though. I don't see the other countries letting Greece fail though. Greece economy is a mouse piss in the ocean compared to the rest of EU economy. greece debt is even less than any other countries in the europe zone at least based on this clock http://www.eudebtclock.org/ even if take into account that they are less in numbers, they still have no way near the debt of france or italy Yes, also don't forget Portugal or Spain. But this is just in Europe. What about United States with its 18 trillion of debt! Title: Re: Bitcoin is closing banks already Post by: bornil267645 on July 22, 2015, 02:11:01 PM This is the kind of topics that makes me realize how small this community is. I mean how come a currency that isn't even legal yet (international) gets to close a bank. Humor me !!!!
Title: Re: Bitcoin is closing banks already Post by: Hopalong on July 22, 2015, 02:26:37 PM This is the kind of topics that makes me realize how small this community is. I mean how come a currency that isn't even legal yet (international) gets to close a bank. Humor me !!!! Forums like this tend to be a closed of section from the rest of the world . Those inside talks about a topic all the time and forget noone outside care. To those inside the topic is a big deal and they belive everything is about the topic. Title: Re: Bitcoin is closing banks already Post by: Mickeyb on July 22, 2015, 03:57:31 PM This is the kind of topics that makes me realize how small this community is. I mean how come a currency that isn't even legal yet (international) gets to close a bank. Humor me !!!! Well thanks God that there are still some sane here to remind the rest of the lunatics that not everything is so pink! :) Title: Re: Bitcoin is closing banks already Post by: Herbert2020 on July 22, 2015, 04:42:09 PM Here is just the latest effect Bitcoin is having on banks... http://money.cnn.com/2015/07/15/investing/bank-of-america-branches-layoffs/index.html?iid=EL (http://money.cnn.com/2015/07/15/investing/bank-of-america-branches-layoffs/index.html?iid=EL) Lets keep up the good work. it likes to me that the two things are not really connected events. besides bitcoin is so smaller than big banks to be able to shut down a branch. Title: Re: Bitcoin is closing banks already Post by: hunnaryb on July 23, 2015, 03:01:22 AM This is the kind of topics that makes me realize how small this community is. I mean how come a currency that isn't even legal yet (international) gets to close a bank. Humor me !!!! Exactly. Simply Impossible. Banks can never be closed, what about those people who don't know what bitcoin is or they know but still don't want to adopt it, and they trust banks blindly, so how can anyone say that banks are started to get closed and that also because of bitcoin ;D Title: Re: Bitcoin is closing banks already Post by: TrueBeliever on July 23, 2015, 03:40:29 AM Here is just the latest effect Bitcoin is having on banks... http://money.cnn.com/2015/07/15/investing/bank-of-america-branches-layoffs/index.html?iid=EL (http://money.cnn.com/2015/07/15/investing/bank-of-america-branches-layoffs/index.html?iid=EL) Lets keep up the good work. and how is it exactly that you associated this change with Bitcoin? and what good work are you doing that you think you need to keep up? Branches and ATMs disappearing is typical of the industry trend to online banking. Title: Re: Bitcoin is closing banks already Post by: Xenoph0bia on July 23, 2015, 04:25:23 AM Gotta keep sacrificing the little people at the bank to make more room for bonuses for the mid and upper level executives. More like this and less like Bitcoin, don't get me wrong I love bitcoin and crypto but it isn't shutting down banks just yet.Yeah & even I love bitcoins but even If bitcoin gets to a mainstream, there is least possibility that banks will shut down their businesses. What about the customers who have more faith in banks as compared to cryptos?? They would never get rid of the banking system. Title: Re: Bitcoin is closing banks already Post by: Amph on July 23, 2015, 07:15:08 AM This is the kind of topics that makes me realize how small this community is. I mean how come a currency that isn't even legal yet (international) gets to close a bank. Humor me !!!! Exactly. Simply Impossible. Banks can never be closed, what about those people who don't know what bitcoin is or they know but still don't want to adopt it, and they trust banks blindly, so how can anyone say that banks are started to get closed and that also because of bitcoin ;D in fact before bitcoin will be widely accepted everywhere by anyone you need at least one new generation, current generation are blind fuckers that still trust banks only, not all of them of course there should be a catastrophe like in greece for every country so the people can wake up and look at bitcoin more, but i'm not sure if something of that scale will be enough... Title: Re: Bitcoin is closing banks already Post by: Hopalong on July 23, 2015, 09:00:02 AM This is the kind of topics that makes me realize how small this community is. I mean how come a currency that isn't even legal yet (international) gets to close a bank. Humor me !!!! Exactly. Simply Impossible. Banks can never be closed, what about those people who don't know what bitcoin is or they know but still don't want to adopt it, and they trust banks blindly, so how can anyone say that banks are started to get closed and that also because of bitcoin ;D in fact before bitcoin will be widely accepted everywhere by anyone you need at least one new generation, current generation are blind fuckers that still trust banks only, not all of them of course there should be a catastroph like in greece for every country so the peopel can wake up and look at bitcoin more, but i'm not sure if something of that scale will be enough... Why would i not trust my bank? My bank say it is stupid to place all my money there. Money should be invested in different places to be secure. Title: Re: Bitcoin is closing banks already Post by: Amph on July 23, 2015, 10:52:19 AM This is the kind of topics that makes me realize how small this community is. I mean how come a currency that isn't even legal yet (international) gets to close a bank. Humor me !!!! Exactly. Simply Impossible. Banks can never be closed, what about those people who don't know what bitcoin is or they know but still don't want to adopt it, and they trust banks blindly, so how can anyone say that banks are started to get closed and that also because of bitcoin ;D in fact before bitcoin will be widely accepted everywhere by anyone you need at least one new generation, current generation are blind fuckers that still trust banks only, not all of them of course there should be a catastroph like in greece for every country so the peopel can wake up and look at bitcoin more, but i'm not sure if something of that scale will be enough... Why would i not trust my bank? My bank say it is stupid to place all my money there. Money should be invested in different places to be secure. banks are not secure, everything that hold your money for you is not secure, unless you are dumb(not referring to you talking in general) enough and don't have minimal skill for securing your wealth the real reason why people choose banks is because they don't want to have trouble with governments, police and things that are not regulated, in other word they fear jail... Title: Re: Bitcoin is closing banks already Post by: Hopalong on July 23, 2015, 11:13:55 AM This is the kind of topics that makes me realize how small this community is. I mean how come a currency that isn't even legal yet (international) gets to close a bank. Humor me !!!! Exactly. Simply Impossible. Banks can never be closed, what about those people who don't know what bitcoin is or they know but still don't want to adopt it, and they trust banks blindly, so how can anyone say that banks are started to get closed and that also because of bitcoin ;D in fact before bitcoin will be widely accepted everywhere by anyone you need at least one new generation, current generation are blind fuckers that still trust banks only, not all of them of course there should be a catastroph like in greece for every country so the peopel can wake up and look at bitcoin more, but i'm not sure if something of that scale will be enough... Why would i not trust my bank? My bank say it is stupid to place all my money there. Money should be invested in different places to be secure. banks are not secure, everything that hold your money for you is not secure, unless you are dumb The average people are dumb. They have no idea how to invest. How to secure the funds they have. Dumb people are better of with banks... Title: Re: Bitcoin is closing banks already Post by: Kakmakr on July 23, 2015, 11:35:07 AM Wow saying the average person is dumb, is a bit pushing it. The average person might not be clued up with the inner workings of the financial system, but they might be very smart in other areas of life. Let's be honest, even some of the most intelligent people in the world, might suck at the financial side of things, based on their spending habits.
Title: Re: Bitcoin is closing banks already Post by: HeroCat on July 23, 2015, 01:24:03 PM Banks are doing a lot of things through Internet, therefore they need less branches, employees and so on. it is normal practise in all countries. ;D
Title: Re: Bitcoin is closing banks already Post by: Hopalong on July 23, 2015, 02:21:27 PM Wow saying the average person is dumb, is a bit pushing it. The average person might not be clued up with the inner workings of the financial system, but they might be very smart in other areas of life. Let's be honest, even some of the most intelligent people in the world, might suck at the financial side of things, based on their spending habits. I think they are dumb in every way. Adobting any changes takes a lot of time. Changes force you to think so its better to continue the way they always have done. Knowing the inner workings of the finacial system does not make you smart. I just shows you are interested in the workings of that particular system. Learnig to use a new financial system just because it is better for you is a sign of being smart. Title: Re: Bitcoin is closing banks already Post by: zeraTunerse on July 23, 2015, 03:19:33 PM Banks are doing a lot of things through Internet, therefore they need less branches, employees and so on. it is normal practise in all countries. ;D Banks can never get closed and that also because of the bitcoins. Government will never make it happen that they shut down their fiat currency and support the digital currency whose future is unknown to everyone, So I don't think that bitcoin can affect the banking system. |