Bitcoin Forum

What bank does your father work at?

C'mon... no need to give details.

My experience has been the opposite. Banks are becoming more and more stringent.

What bank does your father work at? Also, I'd like to point out that he does not represent all banks. He is merely one person, from one department, from one bank.

My experience has been the opposite. Banks are becoming more and more stringent.

What bank does your father work at? Also, I'd like to point out that he does not represent all banks. He is merely one person, from one department, from one bank.

My experience has been the opposite. Banks are becoming more and more stringent.

What bank does your father work at? Also, I'd like to point out that he does not represent all banks. He is merely one person, from one department, from one bank.

C'mon... no need to give details.

I think there are mixed feelings in the banking industry. Some banks are ready to embrace bitcoin, and others are reluctant. Thing is the banks were waiting for some regulations to be in place, and this has recently started, so we are going to see the first BIG moves during late 2014 and 2015...

2013 was the "technologists" boom
2014 is being the "merchants" boom
2015 could be the banking boom

Mass adoption will follow...  ;D

My father is the CEO of the biggest Internet services company and i approve this thread 100% .

Tony probably knows which bank I am referring to as I imagine they have already contacted him to set up a meeting. That's a HUGE hint right there in terms of what region of the country the bank is. If you really care that much, it shouldn't be too hard to figure out.

PS: MY FATHER LOATHES CREDIT UNIONS, they are a much larger threat to big community banks like the one he is currently the CEO of, certainly moreso than bitcoin (at this point in the game).

What's the problem with credit unions?  As far as I can tell heck they give good rates and seem more lenient than big banks where everything has to be by the book. It's a little like the old days like when you knew your banker, like in Its a Wonderful Life.

What's the problem with credit unions?  As far as I can tell heck they give good rates and seem more lenient than big banks where everything has to be by the book. It's a little like the old days like when you knew your banker, like in Its a Wonderful Life.

Credit Unions usually pay higher interest rates for deposits and charge less for loans. This looks great on paper, but in reality it means that they are probably under pricing (not charging enough for) loans and over pricing (paying too much for) deposits. This essentially means that their margin for error is too small. I would say that this is partly caused by the fact that Credit Unions are non-profit enterprises so they are not as concerned about profits as banks are.

In reference to the OP, I would not be entirely surprised if the OPs father worked for Chase, or another Bitcoin "hostile" bank as even banks that are not friendly to bitcoin have a legit need to understand bitcoin and the bitcoin economy.

For those who are questioning whether or not I'm full of shit. I ask you: Why on earth would I post this information unless it were true? It's not like this post is going to convince everyone and their brother to buy BTC, which I guess is the assumption you are making for why I would make something like this up? I really doubt this post will have any effect in terms of driving up the price of bitcoin... Just because I don't want to fuck over my father by not revealing his bank doesn't mean I'm full of shit

I'm not doubting you personally. I just don't think you can generalize all banks by just your father's.

Thank God there is one person on this forum with half a brain. You are exactly right, except my father's bank isn't as big as Chase, so they haven't received as much attention by bitcoiners for being bitcoin "hostile", which I'm not sure they ever were. I was very surprised that these guys who my Dad works with, who make millions every year, were unfamiliar with Bitcoin as recently as 6 months ago. But you have to remember that these guys are old school, they are probably the last people who would ever come across Bitcoin.

Wonder what CapitalOne is doing building a digital team.

http://jobs.capitalone.com/san-francisco/digital/digital-operations-manager-jobs

"If you like the idea of delivering new digital products that have never been created by a bank or credit card company, we want to meet you."

Banks, et al., are taking notice of what is happening in the bitcoin world. USMS just auctioned off some property for which a savvy fellow ponied up millions. Bitcoin or something like it is the future.

Judging by the amount of VC that has entered the bitcoin space; smart money says that cryptocurrency is the future. I follow smart money because I don't have enough of either to do otherwise (smarts or money).

This is the internet, so take the OP's post with a grain of salt insofar as that is concerned. People create accounts all the time just to tell a truth that they don't want to tell under their own name.

Bitcoin is real. The protocol is solid. The currency is valuable. Don't fool yourselves into thinking that large corporations are not taking notice.

Banks, et al., are taking notice of what is happening in the bitcoin world. USMS just auctioned off some property for which a savvy fellow ponied up millions. Bitcoin or something like it is the future.

I realize at this point that most people think I'm making this up but as far as creating a pseudonym, I'm just a long time lurker who has never really had anything of interest to say. I figured that it might be of interest here but everyone thinks its bullshit. LOL.

Are you kidding? NO. I am not going to tell you what bank he is the CEO and PRESIDENT of (he doesn't work in a fucking department). And he is not just merely ONE person, his partners of over 35+ years were also a part of the email discussion in reference to "picking the brains" of people like Tony. I would almost guarantee he is one of the most successful community bankers in the state, if not the most). His success record is insane. Over the past decade or so, he has acquired and flipped about a half dozen banks. He specializes in buying shitty community banks that are sinking ships and he comes in as the CEO and does his thing and sells the bank to the big guys (Wells Fargo, BofA, etc.)

Thank God there is one person on this forum with half a brain...

I guess the rest of us don't have a brain, just because we didn't nod along with OP's storytelling.

Right? I mean, it's plausible and everything, but there's really no reason for us to eat it up with a spoon. And there's plenty of bagholders around trying to do anything they can to pump the price. :)

So the question is why would anyone in the banking industry think favorably for BTC and their bank's future?

Right? I mean, it's plausible and everything, but there's really no reason for us to eat it up with a spoon. And there's plenty of bagholders around trying to do anything they can to pump the price. :)

PS: MY FATHER LOATHES CREDIT UNIONS, they are a much larger threat to big community banks like the one he is currently the CEO of, certainly moreso than bitcoin (at this point in the game).

The problem with credit unions is that they have unfair advantages compared to a traditional bank, which obviously is not good for the banking industry. For instance, they don't have to pay income taxes and all sorts of other insane crazy perks that they should not be allowed to have.

For those who are questioning whether or not I'm full of shit. I ask you: Why on earth would I post this information unless it were true?

But why would some random thread from bitcointalk.org where a guy with 15 posts wrote what I wrote possibly pump up the price? Are you serious?

Bankers found a way to screw you with paper money, they'll find a way to do it with Bitcoin.

OK, whatever. Don't believe it. I really don't give a shit. You will see. In fact, DONT BUY, I havent gotten my paycheck yet and I would hate for the price to go up right now, especially since it seems to be sliding down.

My father is a banking executive
- snip -
I was in a meeting with my attorney and my father yesterday
- snip -
the attorney asked my father what his opinion of Bitcoin and other virtual currencies were,
- snip -
his bank has made sure to make a point of talking to people like Tony from Bitpay and a few other Bitcoin entrepreneurs in order to "pick their brains"
- snip -
banks in the U.S. right now are bullish about Bitcoin and plan on implementing it
- snip -
the President and CEO of a pretty big community bank.

Pix or it didn't happen

Banks aren't going anywhere, at least not anytime soon.

You just gave away your hand in this post. It's not about banks, there's no fictitious father, this thread is yet another lame attempt to PUMP the price. You're irritated because the people that read this thread thus far, didn't instantly go on a buying spree. Why are you so focused on short term price movement, when it's suppose to be about banks?

So your father LOATHES credit unions. They are non-profit banks, get bunch of perks, and this is bad for all the greedy banks, such as the one your father owns. The same banking industry that indirectly steals from the citizens, is this right? Your father hates them because it chips away from his potential profits.

If it is plausible and you have nothing to refute the statement then why would you call BS?

2013 was the "technologists" boom
2014 is being the "merchants" boom
2015 could be the banking boom

There's a difference between being "plausible" and being "likely", and obviously that's further yet from being "true". And what I said was, "there's really no reason for us to eat it up with a spoon." I'm saying don't be gullible and keep an open mind. Many people would use unsubstantiated rumors to confirm their own biases. It happens every day. :)

A lot of local banks are already bitcoin friendly! I just think people should stop using major banks and switch over to community banks :D

But the OP really does not have anything/much to gain by people believing him, and you have nothing to gain by proving/saying he is full of BS.

I tried to get him to invest a significant amount of money back when Bitcoin was around $100 last summer (June 2013)...by November 2013 of last year he realized he should have listened.

Yes he does. Have you ever been on finance forums? People try to pump and dump all the time. Yes, people are desperate enough to baselessly try to pump the price, and some people are gullible enough to let it cloud their judgment. Also, read what I said again, because you didn't seem to comprehend. I'm not here to "gain" anything.... ::)

Do you think that the OP really would have any kind of impact on a crypto currency that has a $8 billion market cap by posting on these forums?

Do I think that OP would really have any kind of impact (on the general exchange rate)? No. Do people still try this sort of thing? Yes. Do gullible people fall for it? Yes.

But anyway, I have heard multiple times that banks are warming up to bitcoin, could someone explain this to me? or is that just bs and rumors? Why would banks be "bullish" about a technology/currency that would drastically reduce the need for their companies in the longterm? If bitcoin ever went mainstream and was widely adopted, wouldn't banks suffer huge losses and have to heavily downsize?

I don't really believe OP

But anyway, I have heard multiple times that banks are warming up to bitcoin, could someone explain this to me? or is that just bs and rumors? Why would banks be "bullish" about a technology/currency that would drastically reduce the need for their companies in the longterm? If bitcoin ever went mainstream and was widely adopted, wouldn't banks suffer huge losses and have to heavily downsize?

Maybe they could "implement" it by exchanging for fiat and securely storing it for people who don't want to store it themselves. But this would only speed up their demise, it would make bitcoin more credible and trustworthy, and take away more power from fiat over time(to the point where one of their services-exchanging for fiat, is useless). In addition if it went mainstream, there would be many more startup companies to compete with, who could likely be more innovative and offer cheaper services than a traditional bank is willing to. Banks could still deal in credit, investments, and other financial services though I suppose.

First many banks dismissed bitcoin as a fad, then they realized bitcoin may play a role here, and right now many are in the stages of "researching and looking for opportunities to potentially implement digital currency"etc. I have a feeling many banks are realizing the massive threat that digital currency posses to their companies in the longterm. Do you think digital currencies are going to start seeing a pushback from major banks and probably governments soon? I only say the governments too because of the lobbying and network of connections formed between them.

Also this is kind of unrelated, but if anyone can help me out with another question I would appreciate it. If bitcoin ever did go mainstream, is there any effective way for the government to tax it? I'd imagine this would be a concern and weapon used against bitcoin if there is a large pushback from banks and the govs

So you mean the bank in the us now are crashing the price by rumor in order to join the party ?

If the bank want join the party the bitcoin are not enought for them to do loan or watever in need .

Do you want to have a grape or a slice of a melon?

My father is the CEO of the biggest Internet services company and i approve this thread 100% .

Please stop arguing over whether or not I'm full of shit. I can provide proof to a single TRUSTWORTHY, vetted member of the community if they can convince me that they will not share the information that I give them that will prove I am telling the truth. Obviously, it shouldn't be anyone who has posted in this thread, yet, as there are clearly biased opinions all ready.

Danny, if you are reading this and are willing to vouch for my credibility, please send me a Private message and we can maybe figure something out.

No one cares if your dad is CEO of so called major bank. Really.

If you provided proof to the whole forum what would change? It's still so early in the bitcoin stages banks won't get involved even if your dad says he should of invested in bitcoin awhile ago.