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Author Topic: Why Banks Hates Bitcoin?  (Read 9220 times)
gtglener
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June 13, 2016, 07:36:01 AM
 #281

maybe bank hate bitcoin because people change their money into bicoin and save in bitcoin wallet,but they dont,bank give the secure about our money and when our bitcoin wallet is hacked its the end. secure more value than the money

you are right that banks give guarantee for the security of our money but people prefer bitcoin because the fees of transacting bitcoin is much lesser and with bitcoinwe save a large amount of our hard earned money, so we can buy any other thing with that saved amount.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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ElpadroBitcoin
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June 13, 2016, 08:11:56 AM
 #282

Bank hate Bitcoins because the Bitcoin is taking away there costumers. This way the banks cannot make money because everybody is going over to Bitcoin to use it as an investment.
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June 13, 2016, 08:38:45 AM
 #283

Bank hate Bitcoins because the Bitcoin is taking away there costumers. This way the banks cannot make money because everybody is going over to Bitcoin to use it as an investment.

That's true because if bitcoin will be chosen by all of the people for sure bank will doesn't have customers anymore. But still bank is playing a very important role in the economy.
They only hate bitcoin because of the potential to reduce their customers.

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jerowacik
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June 13, 2016, 08:49:09 AM
 #284

Bank hate Bitcoins because the Bitcoin is taking away there costumers. This way the banks cannot make money because everybody is going over to Bitcoin to use it as an investment.
yes bank will lose many customers. bitcoin take over everything. convenience and speed offered bitcoin surpass the strength of the bank.
DavidoAlto
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June 13, 2016, 09:05:28 AM
 #285

Pro tip, OP: If bitcoin is better than banks, don't use banks.
Banks don't hate Bitcoin, they merely don't wish to deal with "Bitcoin businesses." Rightly so, because history has shown that such "businesses" are rife with failure and fraud.
Part of them not wanting to deal with Bitcoin businesses comes from the inevitability of them having to comply with additional legislation and restrictions on Bitcoin businesses, and chances are they won't be interested in getting involved until there are rules defined by the government. And the failure and fraud, that is a big part too.

That is a very true view point. Banks might could see this stuff as a type of "Ponzi scheme"/"gambling token" so they could probably justify not wanting their customers to deal with it at all and would suggest them staying far away from it. Specifically since they probably don't know much about it and what Bitcoin could do to banks in general.
lol banks does not hate bitcoins at all they dont even need to use them so why do they hate them. It it not that they need to use bitcoins also maybe they can only make money with bitcoins dont think they hate it.
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June 13, 2016, 09:06:32 AM
 #286

Bank hate Bitcoins because the Bitcoin is taking away there costumers. This way the banks cannot make money because everybody is going over to Bitcoin to use it as an investment.
yes bank will lose many customers. bitcoin take over everything. convenience and speed offered bitcoin surpass the strength of the bank.

Yeah that's why bank really hates bitcoin, but I'm thinking that one day it will stop. That bank will stop hating bitcoin.
Because the government may mandate the adoption of bitcoin in the economy.

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goinmerry
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June 13, 2016, 11:18:27 AM
 #287

Bank hate Bitcoins because the Bitcoin is taking away there costumers. This way the banks cannot make money because everybody is going over to Bitcoin to use it as an investment.
yes bank will lose many customers. bitcoin take over everything. convenience and speed offered bitcoin surpass the strength of the bank.

What do we know. Maybe some are using both at the same time. Banks can keep their money safe. And in bitcoin they can use it as an investment where it is moving always unlike money in banks.
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June 15, 2016, 03:28:06 AM
 #288

maybe  because its a very good alternative on banks thats why a lot of people using it .. maybe the banks  are afraid to loss costumer bitcoins.. but I dont think people will invest their whole money on btc . after all banks is more secure that btc.

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Mvaporis1961
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June 15, 2016, 04:41:49 AM
 #289

I think because of many people now are using bitcoin to transfer money fast, because sending bitcoin is a much better than sending some cheque because the bank will hold that cheque for several days.
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June 15, 2016, 07:00:00 PM
 #290

Bitcoins can be a competitor of all banks,because low charge of fee,more faster than a bank...
and of course most of their client once they discover that Bitcoins more convenient rather than banks for sure
they will shift into Bitcoins and study of it how to use it properly,. Smiley
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