.

[unamis76]

Well, they can develop whatever they want, nobody will even touch it with a stick. Probably only banks and those who are affiliated with them would use such a centralized currency.

Also, this has nothing to do with Bitcoin, Core, XT, Unlimited, Classic or any other Bitcoin implementation or any altcoin, for that matter, this is about a centralized currency backed by banks which has a blockchain that can be run privately.

[Tacalt]

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.

If their fee is too high, nobody will use the bank coin. However, if the coin is GPU mineable, I will mine the coin to earn some fees.

[Kprawn]

I doubt that the banks will rely on private individuals to do the mining for them. One of the risks identified so far with Bitcoin seems to be the anonymity of the miners. The

policymakers do not want to run a whole financial system on a decentralized network consisting of a bunch of unidentifiable nodes. They will most probably use decentralized

data centers situated within banks distributed within different countries. They need to know who to trust, if something goes wrong. If they want to make a change to the

protocol, they do not have to wait for consensus, they can just distribute the new client and it's done.  ...   Time will tell, if I am right or wrong.

[arlene05973]

Now, i know the reason behind the sudden decrease in price of bitcoins!

[akumaburn]

Same old same old

[jonald_fyookball]

Also, this has nothing to do with Bitcoin, Core, XT, Unlimited, Classic or any other Bitcoin implementation or any altcoin, for that matter, this is about a centralized currency backed by banks which has a blockchain that can be run privately.

You are right.   They want to bring distributed ledgers to the financial world.  They have no interest
in creating a peer to peer currency.
 
It is going to be a LONG time before Bitcoin is any real threat to established financial institutions.

[croTek4]

Simon Dixon, CEO & co-founder at BnkToTheFuture.com, says a syndicate of major banks are attempting to develop their own version of bitcoin, the online crypto-currency, which would benefit banks rather than consumers. Hmmm, ever heard of Bitcoin Classic?



Must see TV >>> http://video.cnbc.com/gallery/?video=3000482701

You know what he's talking about is not bitcoin classic. Stop trying to spread fud.

[Bitcoinpro]

Also, this has nothing to do with Bitcoin, Core, XT, Unlimited, Classic or any other Bitcoin implementation or any altcoin, for that matter, this is about a centralized currency backed by banks which has a blockchain that can be run privately.

You are right.   They want to bring distributed ledgers to the financial world.  They have no interest
in creating a peer to peer currency.
 
It is going to be a LONG time before Bitcoin is any real threat to established financial institutions.

Bitcoin is the established financial institutions

[smoothie]

What a joke.

These "Banking syndicates" can't even tie their own shoelaces let alone secure their email and create a new revolutionary "bitcoin".

 

[Bitcoinpro]

Mark Karpeles magical number 42 rears its head again

[disclaimer201]

The troll is strong in this thread. What the heck does Bitcoin Classic have do with the banks' plans to copy blockchain technology???

Either an increasing portion of the BitcoinTalk users have their brains turned to mash, care very little about Bitcoin's future or this forum has become entirely useless. I wouldn't be surprised if banks actually paid for trolls to derail any signs of community and co-operation that might (have) grow(n) here. In fact, with the amount of FUD spread here Bitcoin price is going to tank much more before a consensus can be found on such a small issue as block sizes. Actually, at this point - screw consensus. If it gets to the point of decision I'll switch my miners and my node to Classic. Done. You do what you'll see fit. I bet most of these trolls don't even run a full node.

[jbreher]

What the heck does Bitcoin Classic have do with the banks' plans to copy blockchain technology???

Absolutely nothing. And MicroGuy knows it, too. Fucking liar lying to try to sway any who don't bother to think things through.

[BlindMayorBitcorn]

What the heck does Bitcoin Classic have do with the banks' plans to copy blockchain technology???

Absolutely nothing. And MicroGuy knows it, too. Fucking liar lying to try to sway any who don't bother to think things through.

I was waiting for someone to say something sane. Thank you.

[okae]

Based on the blockchain? mmm how secure will be "his" blockchain? how many hashpower will they have?, they must change lot of things from blockchain if they want to made "his own version", i think that this will never have success...

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.

Yes, there is nothing new about it, from my point of view they are just trying to distracting people from bitcoin, while they..... buy and buy

[Lutzow]

Based on the blockchain? mmm how secure will be "his" blockchain? how many hashpower will they have?, they must change lot of things from blockchain if they want to made "his own version", i think that this will never have success...

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.

Yes, there is nothing new about it, from my point of view they are just trying to distracting people from bitcoin, while they..... buy and buy

Yes they will buy while the prices are low. They're just in it for the money--- cause stir, price dips then buy. rinse then repeat. bummer

[CuntChocula]

What the heck does Bitcoin Classic have do with the banks' plans to copy blockchain technology???

Absolutely nothing. And MicroGuy knows it, too. Fucking liar lying to try to sway any who don't bother to think things through.

Wrong. Private blockchains are like 1990's intranets. They're peanuts compared to Bitcoin which threatens the bank's financial monopoly.

Stick your head in the sand and resort to name-calling if you wish. That won't wash away the current reality.

+1
100% behind MicroGuy. Not to suggest he's right and/or sane, but I like what he's doing.

[DooMAD]

What the heck does Bitcoin Classic have do with the banks' plans to copy blockchain technology???

Absolutely nothing. And MicroGuy knows it, too. Fucking liar lying to try to sway any who don't bother to think things through.

*attention seeking rambling in the hope that someone takes notice of his scamcoin*

+1
100% behind MicroGuy. Not to suggest he's right and/or sane, but I like what he's doing.

You like people using manipulation and deceit to influence the gullible whilst simultaneously pimping their scummy crapcoin?  Well at least you're honest about it.  

CoinDesk:  Bitcoin Farewell Post Was No 'Banker Conspiracy'.

You can all take off your tinfoil hats now.

[DooMAD]

You like people using manipulation and deceit to influence the gullible whilst simultaneously pimping their scummy crapcoin?  Well at least you're honest about it.

We need multiple blockchains to mitigate the risks of having a single point of failure. Altcoins provide yet another layer of decentralization.

~~

Maybe a little off topic but this is a nice read: https://medium.com/@beautyon_/this-is-just-my-opinion-44d2baa037db

I've got no problems with altcoins in general.  I just happen to prefer the reputable ones that didn't have a massive premine and aren't designed to completely shaft latecomers.

As for the article/blog, I'm up to the part about how money printing and quantitative easing is supposedly a socialist concept.  This doesn't match up particularly well with the reality that all the western governments I'm familiar with engaging in quantitative easing are decidedly neoliberal and more economically to the right.  I might read the rest later, but what I've read so far doesn't bode well for making valid points.

[MicroGuy]

You like people using manipulation and deceit to influence the gullible whilst simultaneously pimping their scummy crapcoin?  Well at least you're honest about it.

We need multiple blockchains to mitigate the risks of having a single point of failure. Altcoins provide yet another layer of decentralization.

~~

Maybe a little off topic but this is a nice read: https://medium.com/@beautyon_/this-is-just-my-opinion-44d2baa037db

I've got no problems with altcoins in general.  I just happen to prefer the reputable ones that didn't have a massive premine and aren't designed to completely shaft latecomers.

As for the article/blog, I'm up to the part about how money printing and quantitative easing is supposedly a socialist concept.  This doesn't match up particularly well with the reality that all the western governments I'm familiar with engaging in quantitative easing are decidedly neoliberal and more economically to the right.  I might read the rest later, but what I've read so far doesn't bode well for making valid points.

Not sure why you want to derail this thread, but I will be glad to discuss Goldcoin in private or in a separate thread.

It wasn't pre-mined and none of the original team/devs remain. This is a coin we revived. I'm a "latecomer" who arrived in June 2013 and purchased each and every coin I own on the open market, fair and square. So your later-comer "shaft" comment is misguided at best.

Glad you are enjoying the article. I disagree with much of it wholeheartedly but always enjoy a good read by egomaniacal coders who think of themselves as the divine incarnate - aka banks are dumb, users are dumb, windows sucks, & programmers are God!

~~

[pooya87]

the important keyword in this issue is "their own version" so i doubt if it ever can "take over" bitcoin. what the banks create is going to be a centralized altcoin which would serve their purpose and defeat the main purpose of bitcoin or any other altcoin for that matter.