Why Banks love the Blockchain but not Bitcoin?

[mrkavasaki]

No Coin--> No Reward--> No Miner--> No Dezentralized Blockchain --> Nonsense

Any thoughts??  

[1714960146]

1714960146

[1714960146]

1714960146

[pedrog]

No Coin--> No Reward--> No Miner--> No Dezentralized Blockchain --> Nonsense

Any thoughts??   

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

[mrkavasaki]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

[pedrog]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

I mean your logic is nonsense, bitcoin technology is free and open source and can be used to whatever end it is needed or suitable, people don't have to be restricted to the bitcoin network or a simple copy/paste of the code.

[VirosaGITS]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

[mrkavasaki]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

[VirosaGITS]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say?

[mrkavasaki]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say?

i doubt such a system can not be just as efficient as a dezentralized blockchain with miners

[VirosaGITS]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say?

such a system can not be just as efficient as a dezentralized blockchain with miners

How so? Ever heard of Proof of Stake (PoS)?

All they would need is nodes and the system isint less usable if centralized... Its security would become a sole responsibility, just like the bank system is now. Or they could integrate the technology in other system.

They arent trying to copy paste the code and using it. They are interested in its Concept.

[jeffthebaker]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say?

such a system can not be just as efficient as a dezentralized blockchain with miners

How so? Ever heard of Proof of Stake (PoS)?

All they would need is nodes and the system isint less usable if centralized... Its security would become a sole responsibility, just like the bank system is now. Or they could integrate the technology in other system.

They arent trying to copy paste the code and using it. They are interested in its Concept.

To add on to this, banks are interested in the blockchain, not the Bitcoin blockchain. They can, and will, very easily create their own altcoin clone of BTC, control all the nodes, premine all the coins, and utilize the blockchain technology as they please, with their coins used as tokens.

[mrkavasaki]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say?

such a system can not be just as efficient as a dezentralized blockchain with miners

How so? Ever heard of Proof of Stake (PoS)?

All they would need is nodes and the system isint less usable if centralized... Its security would become a sole responsibility, just like the bank system is now. Or they could integrate the technology in other system.

They arent trying to copy paste the code and using it. They are interested in its Concept.

ok now i understand the concept of ripple. anyway what are the advantages between a such centralized system?
if the bank get insolvent how can the network still longer work?

[VirosaGITS]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say?

such a system can not be just as efficient as a dezentralized blockchain with miners

How so? Ever heard of Proof of Stake (PoS)?

All they would need is nodes and the system isint less usable if centralized... Its security would become a sole responsibility, just like the bank system is now. Or they could integrate the technology in other system.

They arent trying to copy paste the code and using it. They are interested in its Concept.

ok now i understand the concept of ripple. anyway what are the advantages between a such centralized system?
if the bank get insolvent how can the network still longer work?

The federal bank with its own currency will just print more money and cause inflation. If it went insolvent it'd be the same whether its local currency or blockchain technology and they could just want to use it for the local currency too.

And if they are centralized it wont really be a network either, in comparison to blockchain coins. It would be similar to how it is already.

Again they probably arent trying to use the code as is. Its just advanced method of putting transactions into a ledger with high integrity and solid verification and tracking options.

[AtheistAKASaneBrain]

OP, it's simple, they simply don't understand it. They don't understand that blockchains need a token currency as incentive to keep the blockchain running. They don't understand creating "your own blockchain" is stupid. And they don't understand, therefore, that using any other Blockchain that isn't Bitcoin for anything serious is nonsense (you can create your own side-chain over the BTC blockchain if anything).

[willope]

Average people, when are thinking in blockchain, can only think in bitcoin.
But look at, for example Ripple. Ok, you can dislike it, or whatever you want, but it is a blockchain based system being zery different from bitcoin.
So, banks can develop their own blockchain based systems without having anything to do with bitcoin. Satoshi is a GENIUS(the best ever, the God to pray for) but hey, there are more great brains in the world.

[mezmerizer9]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say?

such a system can not be just as efficient as a dezentralized blockchain with miners

How so? Ever heard of Proof of Stake (PoS)?

All they would need is nodes and the system isint less usable if centralized... Its security would become a sole responsibility, just like the bank system is now. Or they could integrate the technology in other system.

They arent trying to copy paste the code and using it. They are interested in its Concept.

ok now i understand the concept of ripple. anyway what are the advantages between a such centralized system?
if the bank get insolvent how can the network still longer work?

The federal bank with its own currency will just print more money and cause inflation. If it went insolvent it'd be the same whether its local currency or blockchain technology and they could just want to use it for the local currency too.

And if they are centralized it wont really be a network either, in comparison to blockchain coins. It would be similar to how it is already.

Again they probably arent trying to use the code as is. Its just advanced method of putting transactions into a ledger with high integrity and solid verification and tracking options.

The coins will have no difference from the fiat money. Coins is centralized and controlled by the bank. No one has inventive to or bother to mine it. If the banks fail, the maintained coins will fail as well.

[Amph]

Sure, you're a moron.

Bitcoin technology is free and open source, people can use it to whatever they want or need, if banks are able to use it to cut costs and improve their systems good for them.

what do you mean?

The blockchain technology, its an advanced accounting system with security built in. It's basically a huge ledger of transactions. That's what the banks are interested in.

The bitcoin is rough in feature and effectiveness, but the concept that can be built upon is a huge step forward in accounting.

And how can a stock trading via blockchain work without a vital blockchain?

It does work with a proper accounting system, the blockchain is a different, newer type that draw attention. What are you trying to say?

such a system can not be just as efficient as a dezentralized blockchain with miners

How so? Ever heard of Proof of Stake (PoS)?

All they would need is nodes and the system isint less usable if centralized... Its security would become a sole responsibility, just like the bank system is now. Or they could integrate the technology in other system.

They arent trying to copy paste the code and using it. They are interested in its Concept.

proof of stake is bad and has nothing to do with decentralized network with miners activity, in the first(pos) users are encouraged to accumulate more and more coin without selling anything, to mint more this will rise supply centralization

with pow miners must sell to cover their electricity, thus spreading their coins better via dumping

[Denker]

OP, it's simple, they simply don't understand it. They don't understand that blockchains need a token currency as incentive to keep the blockchain running. They don't understand creating "your own blockchain" is stupid. And they don't understand, therefore, that using any other Blockchain that isn't Bitcoin for anything serious is nonsense (you can create your own side-chain over the BTC blockchain if anything).

I believe they know how Bitcoin works. But fact is they dont't like it. Not one bit!
So now they try to figure out in what way they can use at best. For them Blockchain tech is useful to disintermediate clearing houses and settlement systems that offer centralized control over transaction clearing etc. It will reduce costs for them and will be quicker.
However the problem here is that the end user or customer will not profit of it.

Banks will together with Governments continue to brainwash society and convince them that their crypto is the best.At least this is their plan.Banks will throw so much off their useless fiat money into this game that this might be going to be a really ugly and dirty time we are heading to.

Don't underestimate those fucking banks!

[CoinBateman]

Banks like the fungibility, and accountability of the blockchain. Also, its security is much easier to scale than their current solutions.

They don't like bitcoin because it effectively render's them useless. Afterall, bitcoin is a solution for the under-banked and un-banked.

[Denker]

Banks like the fungibility, and accountability of the blockchain. Also, its security is much easier to scale than their current solutions.

They don't like bitcoin because it effectively render's them useless. Afterall, bitcoin is a solution for the under-banked and un-banked.

And for everybody else to get debanked.

[countryfree]

Very logical. Banks could save money using the blockchain as a strong international ledger, but they couldn't do the business they do with BTC as a currency. There's a still a window of opportunity with some kind of credit around BTC, though. I wonder which bank will seize it.