.

[MicroGuy]

.

[xdrpx]

I thought there were banks supporting the blockchain but not creating their own version of Bitcoin. But the question is how can Bitcoin Classic help banks? I mean weren't banks focusing on an altcoin like ripple?

[Amph]

not this again please, it would only be a centralized version of bitcoin, so basically a fiat that run on a blockchain

also the only reason for them to run one would be proof of integrity, cost and time is not a real problem they are facing with their cluster servers, right now...

[Bitcoinpro]

Hiring Mike Hearn has now turned into a liability, they really need to

dump his ass quick, can you imagine being associated with the fool

[LFC_Bitcoin]

This........AGAIN.

The fiat banking system is too greedy to create a rival blockchain to transfer money like bitcoin. Can you imagine the fees they'd set

It'd be rendered useless as a direct competitor to bitcoin.

[avikz]

That's certainly worrying..But they will have many disadvantages as well.

Banks are regulated entity. so they can't create a decentralized currency. They will have to employ proper accounting system for that. They will have to keep track of every single transaction. So they will never have the anonymity what bitcoin enjoys. So a lot of people will simple not indulge in to this.

But the most worrying part is that, if the banks are started using blockchain technology to create their own currency...we will soon see an influx of fiat currency in to the organized and regulated market which will decrease the value of traditional currency which will in turn make the people poorer, especially those who have never experienced the crypto world. Bad thing for economy.

[Rotator]

Is this something expected to happen or this is surprise for all?

[BitcoinNewsMagazine]

I would quit worrying about banks and concentrate on China. Chinese miners are tired of waiting for a blocksize increase and are starting to support Classic. Just may be the push core devs need to fork to 2 MB first. This may be a case of first client to 2 MB blocksize wins.

[_Miracle]

Not to "TAKE OVER". but to copy.
I find this news to be another example on just how long it takes
big over bloated corporations to adapt in changing markets.
Overdue, that's all.

[BTCBinary]

I guess this is the Banks trying to inflict a final Blow onto bitcoin. It makes me think that Mike Hearn already had the Broken Bitcoin FUD planned with Banks!

[hdd3go]

Millions people in the world will lost their job If Bitcoin kill banks successfully. People surely don't want that happen. However Bitcoin could serve as a kind of minority payment tool to survive. Personally I don't think Bitcoin will take place of Bank, credit card and central bank. I am a Bitcoin fan though.

[InternationalBankAlliance]

Our operative My good friend Gregory Maxwell, Blockstream CTO and Bitcoin Core Developer, would like to squelch these unfounded rumors about the so-called "dangers" of small blocks, which are nothing but lies.
Sincerely,

~A Friend.

[xiaoyy.z]

Banks to develop their "bitcoin", it is easy to promote
But we will always support bitcoin.

[Come-from-Beyond]

I predict bank blockchain gateways will be raped ddosed to death by those who are not limited by the laws and have 100s millions dollar worth bitcoins to lose. Popcorn may rise in price, time to buy it.

[n2004al]

Cannot be possible. I cannot understand the spoken English so I am not able to hear and understand what is told in the video but creating a new FORMAL CURRENCY is not possible to be made by any kind of commercial banks. The only Authority which have such right is only a Central Bank or a similar Authority (for example FED). They can create some coin (even very complicated or using the peer to peer) but there are thousand of those in circulation beginning from the tokens of the games. Any kind of risk cannot have bitcoin from such initiatives (always if will be finalized). Bitcoin is born out of such kind of subjects and have been its activity since today without having even the minimum of need about those. So they can do what will want. Will have to do only with their world. Not with the world of bitcoin.

[pinoycash]

Another news to stir people to lose hope on BTC, but they need to try harder than this.

[robelneo]

Now we'll see what is coming next,they have all the means to set up their blockchain this is just a proof of the quotes" if you can't beat them join them" I want to see how it will come but of course my full support are still on bitcoin still especially now

[BlindMayorBitcorn]

I would quit worrying about banks and concentrate on China. Chinese miners are tired of waiting for a blocksize increase and are starting to support Classic. Just may be the push core devs need to fork to 2 MB first. This may be a case of first client to 2 MB blocksize wins.

I'm starting to think Core would rather lose this fight than cave. It's a damn shame.

[mixan]

So this is what this bitcoin classic was about 
I had a feeling something was going on with this mike hearn guy and all the ruckus he caused with just one statement. The banks are getting scared so this is their next move so they can sleep at night not losing anymore minute profits from people getting smart and moving their money out of their hands.

[jyakulis]

I can see it in the media.

90% of the articles are it's BLOCKCHAIN NOT BITCOIN.

They are already trying to sell that. It's sort of like they are telling the public nothing to see over here.