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jossiel
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May 03, 2016, 01:40:54 PM |
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If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.
That's why company hates competition because the profit will be lesser if they have competitors. Since bitcoin is just like true money but online currency, this will be a big threat to banks. With fiat money you need to withdraw your money to ATM, unlike bitcoin you can buy, shop online convenient and easy. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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RobinHoodster
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May 03, 2016, 02:59:26 PM |
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Banks hate Bitcoin because there are now a lot of people that is using Bitcoin so that is quite bad for the banks because more people are going to use Bitcoin as their payment method.
And that would be only nice if there will be more and more so people are also going to promote it now.
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mindrust
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Activity: 3248
Merit: 2433
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May 03, 2016, 03:21:40 PM |
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Because now bitcoin is there, they won't be able to rip-off people with high fees to transfer people's money overseas. They got huge mad.
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harizen
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For support ➡️ help.bc.game
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May 03, 2016, 03:23:20 PM |
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Banks hate Bitcoin because there are now a lot of people that is using Bitcoin so that is quite bad for the banks because more people are going to use Bitcoin as their payment method.
Really? Where did you get this stats? How much is that "lot"? |
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rinhunter
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May 03, 2016, 03:31:45 PM |
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Because Bitcoin is filled with all the conveniences. Starting from creating wallet, transaction fees, and selling or buying activity.
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BitHodler
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Activity: 1526
Merit: 1179
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May 03, 2016, 04:11:05 PM |
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Banks hate Bitcoin because there are now a lot of people that is using Bitcoin so that is quite bad for the banks because more people are going to use Bitcoin as their payment method.
And that would be only nice if there will be more and more so people are also going to promote it now.
Bitcoin usage in general doesn't really bother the banks but more the fact that people can now store money without needing banks. That's what makes them scared. |
BSV is not the real Bcash. Bcash is the real Bcash.
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eddyubachs
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May 03, 2016, 04:17:08 PM |
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Banks hate Bitcoin because there are now a lot of people that is using Bitcoin so that is quite bad for the banks because more people are going to use Bitcoin as their payment method.
And that would be only nice if there will be more and more so people are also going to promote it now.
Bitcoin usage in general doesn't really bother the banks but more the fact that people can now store money without needing banks. That's what makes them scared. Yes people have their own bank in the form of bitcoin wallet and people have total control on it and they can access their funds 24/7 and even can transact 24/7. |
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knowhow
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May 03, 2016, 07:44:45 PM |
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Well with bitcoin we can do almost all things banks would do for us with their fee for their services.But my wife told me that some people got jail because of bitcoin,i believe they were doing bad things related to it.
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erikalui
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Activity: 2632
Merit: 1094
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May 03, 2016, 08:37:34 PM |
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Banks require identity proof of users who hold an account and plus the money we transact via a bank is white money while bitcoins are black money. That's why banks don't support this currency but they haven't yet closed any account dealing with bitcoins. It's just an FUD that they do. It's because people used hack accounts to buy bitcoins that many consider that banks hate the currency which is not the case.
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bitlancr
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May 03, 2016, 08:43:30 PM |
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Well with bitcoin we can do almost all things banks would do for us with their fee for their services.But my wife told me that some people got jail because of bitcoin,i believe they were doing bad things related to it.
Indeed, banks are hating that they do not have any powers and the bitcoin can be used by everyone. You can have a lot of money on it with letting know the bank you have this... |
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QuestionAuthority
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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May 07, 2016, 02:32:07 PM |
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Why the fuck would a bank care what money their business is denominated in?
Do you think banks in the US are worried that their business isn't denominated in pesos? How about Mexican banks, think they're worried because all their loans aren't denominated in yen?
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thejaytiesto
Legendary
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Activity: 1358
Merit: 1014
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May 07, 2016, 02:42:52 PM |
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Governments couldn't properly control, tax and carry insane commissions on banking movements if everyone used Bitcoin, that's basically it. Government losses control over people's money and that's why they don't like it, and we all know governments are in constant debt with banks, so just connect the dots.
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BitconAssociation
Newbie
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Activity: 42
Merit: 0
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May 07, 2016, 02:48:34 PM |
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Governments couldn't properly control, tax and carry insane commissions on banking movements if everyone used Bitcoin, that's basically it. Government losses control over people's money and that's why they don't like it, and we all know governments are in constant debt with banks, so just connect the dots.
And totally not because Bitcoin accounts for over 40%  of criminal-to-criminal online payments |
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maokoto
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May 07, 2016, 02:48:57 PM |
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I do not think banks hate Bitcoin. They will surely find a way to become big holders if it goes mainstream, and to be in control of money, as they have always been.
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zerocharisma
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May 07, 2016, 02:55:10 PM |
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I do not think banks hate Bitcoin. They will surely find a way to become big holders if it goes mainstream, and to be in control of money, as they have always been.
Agree with you. As we all know that banks are always finding a way to get profit, and maybe they treat bitcoin as a competitor. We don't really know what they'll do, i can only guess they will just adapt to it or the blockchain technology maybe. |
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JessicaSe
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Activity: 840
Merit: 1000
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May 07, 2016, 02:57:43 PM |
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I do not think banks hate Bitcoin. They will surely find a way to become big holders if it goes mainstream, and to be in control of money, as they have always been.
Agree with you. As we all know that banks are always finding a way to get profit, and maybe they treat bitcoin as a competitor. We don't really know what they'll do, i can only guess they will just adapt to it or the blockchain technology maybe. Banks knows the value of blockchain technology and they might adapt it in future and they also know that are gonna face tough competition from bitcoin in future. |
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sempak
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May 07, 2016, 03:03:20 PM |
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because the current bitcoin bank could take over the service. all financial transactions service owned by bitcoin. most banks will be afraid when bitcoin began increasingly recognized and used by many.
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Barbut
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May 07, 2016, 03:08:12 PM |
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I think the main reason is why they are hating on it is because its not controllable by them at all.
They do not have any powers on it, although they are hating on the bitcoin they like the blockchain system...
Agree, they cant control it so that they hate it. But why they accepts bitcoin if they cant controllable this coin ? Possibly, it can cause a bankcruptcy of a bank so that they hate it. Or many people using it and others dont need banks anymore Everything is in the control. Cause of that world is the big shit right now. Banks doesn`t exist from yesterday, they are here for centuries and they will stay here in future. So i agree with you people that banks dont like it cause they cant control it, they cant take some fees for them like they always do. Fuck the banks. |
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salmanahmedone
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May 07, 2016, 03:09:26 PM |
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If you will think about it. Bitcoin is like a bank also. You can invest your money in it. You can transfer money using it. Your money is also growing. A competition could be the one good description not hate.
Banks hate bitcoins because its a true competitor of them. Bitcoins has low taxes, no setup fees, no upfront charges. So people will be more attracted towards the Bitcoins as compared to banks |
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densuj
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Activity: 910
Merit: 1000
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May 07, 2016, 03:13:05 PM |
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Banks hates bitcoin because they can not control bitcoin and they can not become regulator for bitcoin.
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