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bornil267645 (OP)
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July 31, 2015, 07:32:04 PM |
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Since its inception six years ago, bitcoin and its parent technology-blockchain have enjoyed favor among many industry players throughout the world. However, one of its biggest opponents has been traditional financial institutions who have viewed it as a threat. Despite this, many of their recent actions indicate a changing attitude; potentially fueled by the advantages that blockchain has over their closed databases. Here we mention eight of the largest banks which have shown interest in the tech. https://99bitcoins.com/banking-giants-who-supports-bitcoin-technology/ |
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mallard
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July 31, 2015, 08:03:15 PM |
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That's a nice article that you copypasted here.
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gentlemand
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Welt Am Draht
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July 31, 2015, 08:15:28 PM |
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However, one of its biggest opponents has been traditional financial institutions who have viewed it as a threat.
Most financial establishment talk has been of it being an irrelevance or menace. I don't think many have actually viewed it as a threat so far. That'll change but plenty will assimilate too. |
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cogabonito
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July 31, 2015, 08:22:39 PM |
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That's a nice article that you copypasted here.
It's not copy pasted, just copied the abstract and give the link as credit. That's what should be done for all 3rd parity websites. |
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BillyBobZorton
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July 31, 2015, 11:02:50 PM |
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It's always glad to see banking giants talking about BITCOIN technology and not only BLOCKCHAIN. I hate the guys that are trying to rip off the blockchain from Bitcoin to create their own blockchains which are basically a closed ledger without any of the revolutionary stuff of Bitcoin. These idiots are destined to fail and only the ones supporting BITCOIN will make it.
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edric
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July 31, 2015, 11:07:24 PM |
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I think it's inevitable that major central banks will create their own cryptocurrencies.
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VirosaGITS
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July 31, 2015, 11:22:15 PM |
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I think it's inevitable that major central banks will create their own cryptocurrencies.
I doubt they will want to make a decentralized system and i'm not sure how what a centralized cryptocoin would be. Why would they give up their fountain of income for a coin system? BTC integration as a method of transferring funds seem more likely, but i have issue imagining that with them slapping huge fee on top. |
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Hopalong
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July 31, 2015, 11:31:37 PM |
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I think it's inevitable that major central banks will create their own cryptocurrencies.
Why would they give up their fountain of income for a coin system? Why would they give up trading with currencys and stocks? You know that is their fountain of income.... |
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VirosaGITS
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August 01, 2015, 12:09:09 AM |
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I think it's inevitable that major central banks will create their own cryptocurrencies.
Why would they give up their fountain of income for a coin system? Why would they give up trading with currencys and stocks? You know that is their fountain of income.... They wouldn't give up on anything, that's for sure. It's about whether it's possible for bank to find a place to start their own coin, which i can't imagine. It's a decentralized thing so i would see more the Bank finding a way to milk BTC transaction since it require minimal effort for maximum gain. |
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TeKenway
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August 01, 2015, 01:37:18 AM |
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I would not believe any bank cares so much about making any kind of coin on their own.
CryptoCurrancy if stabilized has a place in a clients investment portfolio. Using BTC to hedge against commodities or currency collapse via inflation is smart bet.
I would imagine the banks are more of R
&D phase to figure out the stability and functionality of BTC.
I would imagine a CryptoCurrancy index and fund coming out of these studies to try and capture the enthusiasm.
The news of overstock selling WS their bitcoin packages bonds is just another form of how banks can make some money off of this new technology without having to invent their own.
There is already a ETF out there, I however find it kind of pointless to be honest.
Once again, BTC is still very young and I can see the sharks biting on surfers out of curiousity.
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foodstamps
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August 01, 2015, 02:03:16 AM |
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Decentralization goes against everything big banks stand for. I could see them using blockchain technology for a centralized system though.
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VirosaGITS
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August 01, 2015, 04:32:34 AM |
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Decentralization goes against everything big banks stand for. I could see them using blockchain technology for a centralized system though.
Yeah i agree. The blockchain is a pretty good and secure super-ledger. I understand why many expert would study how the blockchain is made. I'm not sure why everyone obligatorily link the blockchain to BTC. Hopefully this will ultimately lead to a more mainstream adaptation of BTC. |
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nextgencoin
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August 01, 2015, 04:52:25 AM |
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Hahahahahahahahahahahahaha none of these banks want a Bitcoin to succeed they are simply hedging their bets and IF bitcoins popularity gets out of ha d they will make their own open ended coin that that can be inflated like fiat....the masses will be told it's just like Bitcoin but safe and wolves win again...
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LiteCoinGuy
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In Satoshi I Trust
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August 01, 2015, 05:12:43 AM |
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Hahahahahahahahahahahahaha none of these banks want a Bitcoin to succeed they are simply hedging their bets and IF bitcoins popularity gets out of ha d they will make their own open ended coin that that can be inflated like fiat....the masses will be told it's just like Bitcoin but safe and wolves win again...
people will love and use that for sure (/s) |
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botany
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August 01, 2015, 10:52:42 AM |
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I think it's inevitable that major central banks will create their own cryptocurrencies.
Why would they give up their fountain of income for a coin system? Why would they give up trading with currencys and stocks? You know that is their fountain of income.... One bank will just take the lead and all others will have no choice but to follow, or get left behind. They have made their money, but their business model has now been disrupted. |
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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August 01, 2015, 10:58:45 AM |
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Terms should be differentiated , since banks do care about blockchain technology, but are definetly not interested in bitcoin itself, because
it is their rival obviously. Many people read news articles like this one, and conclude from title that there's some backing up of bitcoin from
bank giants, where the truth is far from that.
cheers
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botany
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August 01, 2015, 11:04:50 AM |
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Terms should be differentiated , since banks do care about blockchain technology, but are definetly not interested in bitcoin itself, because
it is their rival obviously. Many people read news articles like this one, and conclude from title that there's some backing up of bitcoin from
bank giants, where the truth is far from that.
cheers
Some banks could be interested in bitcoin as well. BNP Paribas was a registered participant in the FBI's bitcoin auction. http://www.coindesk.com/list-possible-silk-road-bitcoin-bidders-allegedly-leaked-us-marshals/ |
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Hopalong
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August 01, 2015, 11:08:42 AM |
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I think it's inevitable that major central banks will create their own cryptocurrencies.
Why would they give up their fountain of income for a coin system? Why would they give up trading with currencys and stocks? You know that is their fountain of income.... One bank will just take the lead and all others will have no choice but to follow, or get left behind. They have made their money, but their business model has now been disrupted. Their business modell is to use money to earn money. What the fuck is the difference to them if they use $ or BTC. They are will just adapt and everything will just continue like today. If a crypto take over for a fiat somewhere the banks will be along for the ride. It is their job. |
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Denker
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August 01, 2015, 11:39:26 AM |
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It's always glad to see banking giants talking about BITCOIN technology and not only BLOCKCHAIN. I hate the guys that are trying to rip off the blockchain from Bitcoin to create their own blockchains which are basically a closed ledger without any of the revolutionary stuff of Bitcoin. These idiots are destined to fail and only the ones supporting BITCOIN will make it.
I think the title is a bit missleading. Or if you read a bit between the lines you realize that Bitcoin technology=Blockchain. Every bank has no real interest in Bitcoin. They will try to find a way to use kind of closed and permissioned Blockchain for themselves. I can't really believe any bank has interest to implement Bitcoin. Time will tell. But I trust no bank.Never ever!!! |
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Mickeyb
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August 01, 2015, 11:45:08 AM |
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Well we are surely getting noticed by many, and by banks as well. Now only question is what will they do? Will they adopt Bitcoin? I highly doubt. Will they try and create their blockchain, this is more plausible. All in all, whatever they do, I think that we are gaining enormously. This interest from the bank is something that legitimates us completely!
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