Bitcoin Forum
May 20, 2018, 02:31:18 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: "The Empire Strikes Back"  (Read 43 times)
icanscript
Hero Member
*****
Offline Offline

Activity: 700
Merit: 502



View Profile
December 14, 2017, 07:12:50 AM
 #1

Crypto currencies represent a great danger for the banking system.
What steps will bankers take to protect their business?

1) Futures way to keep money from investing in the crypto market.
2) ...?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
icanscript
Hero Member
*****
Offline Offline

Activity: 700
Merit: 502



View Profile
December 14, 2017, 08:09:12 AM
 #2

Is there really no thought on this?
avikz
Legendary
*
Offline Offline

Activity: 896
Merit: 1027


FortuneJack.com


View Profile
December 14, 2017, 08:58:36 AM
 #3

Crypto currencies represent a great danger for the banking system.
What steps will bankers take to protect their business?

1) Futures way to keep money from investing in the crypto market.
2) ...?

It's true that cryptos are a risk to the conventional banking system and banks have already realized that fact. So they have two options in hand. One is ban all crypto related transactions inside their system and the second one is to adopt it. Like every thing else, banking and the economical system are going through a major overhaul. Bitcoin, which was initially started as a peer to peer transaction facilitator, has now became a significant economical contributor. So banks are worried because this economical system is out of their reach.

Quote
What steps will bankers take to protect their business?

The first step they have already taken by discouraging the crypto investors saying it's an illegal business. It was started by JPM CEO and carry forwarded by DBS and other few banks as well. They thought such statements will make people think twice before investing in bitcoin. But the effect was different. A lot of new investors came to know about bitcoin and rushed to invest in it, resulting in huge pricing surge.

The second step they can take is to ban bitcoin related transactions coming from a known bitcoin broker. There are two banks in India who has already declared that they will freeze the funds in an account if they see any funds coming from a known bitcoin broker. Indonesian central bank already banned bitcoin in their country. So these are the second step they can take against bitcoin.

The last and final step they can do is to embrace bitcoin. It will allow banks to earn a good amount of revenue but such decision is hard to happen as of now. Because the legal status of bitcoin is not clear in many countries. The acceptability entirely depends on the government's policy. Like Japan has already legalized bitcoin and the Banks in Japan are bound to accept transactions related to bitcoin. But we are currently moving through the second phase and a huge dilemma is ongoing about the future government policy. Lets just wait and watch.




.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
icanscript
Hero Member
*****
Offline Offline

Activity: 700
Merit: 502



View Profile
December 14, 2017, 02:27:38 PM
 #4

Just can not wait.
It is necessary to predict the development of events. This will give an understanding of the future bitcoin.
avikz
Legendary
*
Offline Offline

Activity: 896
Merit: 1027


FortuneJack.com


View Profile
December 14, 2017, 04:00:38 PM
 #5

Just can not wait.
It is necessary to predict the development of events. This will give an understanding of the future bitcoin.

We really can't predict the future. Only thing we can do, is to have a contingency plan ready in case the events go against us. Track the events closely to have some idea about the future but can't really predict anything for sure.

.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
palle11
Full Member
***
Offline Offline

Activity: 266
Merit: 106



View Profile
December 14, 2017, 04:12:27 PM
 #6

Crypto currencies represent a great danger for the banking system.
What steps will bankers take to protect their business?

1) Futures way to keep money from investing in the crypto market.
2) ...?

The way forward for the bankers is to key in into the new era of technology and blockchain technology by accommodating this new era.

[/quote]
We really can't predict the future. Only thing we can do, is to have a contingency plan ready in case the events go against us. Track the events closely to have some idea about the future but can't really predict anything for sure.
[/quote]

The future that we can't predict and the contingency plan for the future for incase the events go against us is to build an empire with altcoins and the time is now.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!