Do you think bankers will destroy block chain tech, decentralization, bitcoin?

[yhlsqj]

Why bankers want to destroy blockchain??     Banks use blockchain service and are now hyping blockchain technology. Ripple, nem, factom and so on. Blockchain will help bank, bank will promote bitcoin and blockchain technology.

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[Kakmakr]

Why bankers want to destroy blockchain??     Banks use blockchain service and are now hyping blockchain technology. Ripple, nem, factom and so on. Blockchain will help bank, bank will promote bitcoin and blockchain technology.

The answer is simple, Bitcoin pose a threat to them, because it is a technology that can be used to bypass them. Possibly not entirely, but to a certain extent. Bitcoin has cheaper transactions and we have a faster network for global money transfers. The banks only target people with money, where Bitcoin can be used by everyone, so this also threatens their profits.

Do not for one moment think the Blockchain technology the banks are investing in, is anything like Bitcoin. It will be a private ledger in a decentralized < in house > form, which they will manipulate at will. ^hmmmmm^

[davis196]

If you haven't noticed already, the two coins below Bitcoin, Ethereum(ETH) , Ripple (XRP) have forged theier way into crypto with massive fundings from bank, backed by bankers, both Ethereum and Ripple have second and third market capitalization respectively after Bitcoin, Do you think the bankers who manipulated the global market and caused the global crash of 2008 which led to suicide of thousands of innocent people for making bankers profit, will bring down bitcoin, block chain tech and  decentralization?

1. How are you going to stop the bankers trying to dictator crypto?

2. Are you fully aware of things that are going on?

3. What measures are you taking now?



Best Regards

If bankers try to destroy bitcoin,we can`t stop them,unfortunately.

Yes,i`m aware of things that are going on.

I can`t take any measures about that.

[ObscureBean]

I don't think they would be able to bring Bitcoin down completely but then they wouldn't really want to do that anyway. After all Bitcoin is really just money and anything and everything within the world of money can be manipulated. Big money influences small money and Bitcoin's $10 billion market cap is nothing compared to the amount these guys can draw on.

[marty123]

The blockchain is growing the more popular it get the quicker it grows, so all they have to do is just wait and gradually build there super nodes with states and a few giant companies. To what I am hearing that is not very far off.
The development of bitcoin need to find a way to scale and fast. the governments wants control, they are exploring, splitting the teams up to reduced there effectiveness.

Yes, not very far off they are almost there. Ethereum (ETH) is one such coin which is backed by giant companies and banks, the Ethereum foundation who govern the coin had bailed out a group of third party investor who failed on a bad choice of investment. ETH is also backed by government controlled banks and large companies who are only in it for profit.

It is getting bad for such government controlled coins to become big fast, Bitcoin took 4 years and 4 months (52 months) to reach 1 billion usd market cap, bankers backed Ethereum took just 6 months to reach 1 billion usd market capitalization, which is likely a big bubble and overvalued, and we have to keep an eye on it, as for profit government entities are trying to take over block chain tech.

[shield132]

Bankers won't destroy blockchain tech and crypto currency and I'll write my opinion here.

1. With bitcoin, we can make anonymous transactions, no one can to easily investigate real information of sender and receiver. This is also good for goverment because they laundering money.

2. Banker's are trying to dictator crypto because some banks offer us bitcoin online wallet, bitcoin exchange tu usd or other currency and etc.

This thread's author is true, bankers want to control bitcoin and other crypto currency but there are also many "big players".

[PlotTwisted]

The blockchain is growing the more popular it get the quicker it grows, so all they have to do is just wait and gradually build there super nodes with states and a few giant companies. To what I am hearing that is not very far off.
The development of bitcoin need to find a way to scale and fast. the governments wants control, they are exploring, splitting the teams up to reduced there effectiveness.

Yes, not very far off they are almost there. Ethereum (ETH) is one such coin which is backed by giant companies and banks, the Ethereum foundation who govern the coin had bailed out a group of third party investor who failed on a bad choice of investment. ETH is also backed by government controlled banks and large companies who are only in it for profit.

It is getting bad for such government controlled coins to become big fast, Bitcoin took 4 years and 4 months (52 months) to reach 1 billion usd market cap, bankers backed Ethereum took just 6 months to reach 1 billion usd market capitalization, which is likely a big bubble and overvalued, and we have to keep an eye on it, as for profit government entities are trying to take over block chain tech.

Yes not looking good for decentralized and for people crypto, corporate and government goonies are trying to take over, we need to fight them tooth and nails.

[beamforming2]

of couse bankers don't like decentralization . Decentralization is a threat to that power. It's kind of difficult to have power over something you don't have direct control over. That's why so many wars are being faut in countries that don't yet have central banks and why Brexit was so reviled in the media.

[Noctis Connor]

If you haven't noticed already, the two coins below Bitcoin, Ethereum(ETH) , Ripple (XRP) have forged theier way into crypto with massive fundings from bank, backed by bankers, both Ethereum and Ripple have second and third market capitalization respectively after Bitcoin, Do you think the bankers who manipulated the global market and caused the global crash of 2008 which led to suicide of thousands of innocent people for making bankers profit, will bring down bitcoin, block chain tech and  decentralization?

1. How are you going to stop the bankers trying to dictator crypto?

2. Are you fully aware of things that are going on?

3. What measures are you taking now?



Best Regards

Bitcoins are the main father of that two alt coin where ethereum are the second one high price in cryptop currency which is i dont know if Ripple are forge their way to crypto to have massive funding from investors and banks also
1.Are the bankers have connection on cryptocurrency?
2.No im not fully aware why ? because im not a trader

[PlotTwisted]

Mr. Robot talking about  Ethereum (E-Coin)



https://youtu.be/ONHLZ1dnKLI

[marty123]

Mr. Robot talking about  Ethereum (E-Coin)



https://youtu.be/ONHLZ1dnKLI

We should not let these take away our freedom, Satoshi bought a revolution to stop bailing out of businesses by hard earned tax payers money, we should not let the reverse happen and let Satoshi's work go in vain, let us show our disobedience to them, fight on until these government backed coins are no more!!!

[JeffBrad12]

If you haven't noticed already, the two coins below Bitcoin, Ethereum(ETH) , Ripple (XRP) have forged theier way into crypto with massive fundings from bank, backed by bankers, both Ethereum and Ripple have second and third market capitalization respectively after Bitcoin, Do you think the bankers who manipulated the global market and caused the global crash of 2008 which led to suicide of thousands of innocent people for making bankers profit, will bring down bitcoin, block chain tech and  decentralization?

1. How are you going to stop the bankers trying to dictator crypto?

2. Are you fully aware of things that are going on?

3. What measures are you taking now?



Best Regards

Bitcoins are the main father of that two alt coin where ethereum are the second one high price in cryptop currency which is i dont know if Ripple are forge their way to crypto to have massive funding from investors and banks also
1.Are the bankers have connection on cryptocurrency?
2.No im not fully aware why ? because im not a trader

That is just a speculation but the possibilities are always there, but I do not believe it. the banker is no need connection into the cryptocurrency and why the bank needs the connection?it's not having a relationship with trader but the op is doubt if the ripple and eth are the crypto invasion from the bank.

[Wind_FURY]

The Gavin Andresen/Mike Hearn hard fork proposals were very likely bankster moves against Bitcoin (as both have connections with either the banking or corporate establishment). They proposed to put huge unnecessary loads on the network, and dialed back the size of the extra load they proposed by several factors, several times, and still their plans were rejected.

The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.

What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.

I did some research about the Gavin Andresen hard for proposals and I did not realize that what you are saying is true. It was a proposal disguised to help the Bitcoin network scale but the true purpose of it as driven by their self interest. If the miners and the community unanimously decided to side with XT then they would become the new developers to follow in Bitcoin. That was very conniving of them if it was indeed what their purpose was.

Are the re-mobilising again? Where? I do not see any of the sort in the forum right now.

[agamasrori]

I don know about that. I only know that even goverment can not rule bitcoin, can they? there so many people still using bitcoin and they are fine also didn't get any trouble. If bankers wanna destroy block chain tech it is mean that banker is worried about block chain tech. May be block chain tech can destroy banker business. That is my oppinion.

[Zentuple]

The idea of bitcoin is to avoid banks, but everybody is too concerned about it's fiat value.

[RealBitcoin]

The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.

What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.

But we do have tons of shills trying to push this agenda, in some cases by people who dont even hold bitcoin.


Dont tell me that if you hire 1000 shils and pay them 1$ for each to shill for hardforks, they will somehow have the authority like an established person who actually holds like 1000 BTC

[Kprawn]

The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.

What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.

But we do have tons of shills trying to push this agenda, in some cases by people who dont even hold bitcoin.


Dont tell me that if you hire 1000 shils and pay them 1$ for each to shill for hardforks, they will somehow have the authority like an established person who actually holds like 1000 BTC

The shills accepting $1 for shilling will not have the capacity to run a node and make a real difference, when it comes down to the

consensus decision on what fork to follow. Most people can spot the difference between Bullshit and chocolate, so these shills are pissing

against the wind. Let's just hope sanity will prevail in the long run, and the miners invested in the technology will continue supporting the

correct fork decisions. 

[RealBitcoin]

The shills accepting $1 for shilling will not have the capacity to run a node and make a real difference, when it comes down to the

consensus decision on what fork to follow. Most people can spot the difference between Bullshit and chocolate, so these shills are pissing

against the wind. Let's just hope sanity will prevail in the long run, and the miners invested in the technology will continue supporting the

correct fork decisions.  

Well it's demoncracy, you bribe the voters and they will vote against you.

If the shills outnumber the sane guys, then we will have a problem. The nodes will support the majority opinion, and they will get persuaded by the shills.


If there are 1000 shills, customers, for a bitcoin business, that only spend 1$ every day on that shop, that will get a priority, over a bitcoin whale that never shops and mostly stores his money. Merchants will be populists and support the majority.

So it's not hard to understand the game theory behind politics, 1 million poor people with 1 satoshi will easily overthrow Nakamoto with his 1 million BTC.

That is just the harsh reality I fear with Demoncracy.

[ekoice]

Bankers have tried a lot to destroy blockchain tech, but they couldnot.

US government also was not able to ban bitcoin.

Bitcoin will be the future economy of the world

Even banks are nowadays trying to adopt blockchain technique.

[agamasrori]

Bankers have tried a lot to destroy blockchain tech, but they couldnot.

US government also was not able to ban bitcoin.

Bitcoin will be the future economy of the world

Even banks are nowadays trying to adopt blockchain technique.

Wow I am glad to hear that. us goverment is one of the strongest in the world. that mean bitcoin technology was very amazing.  and I just agree with you about banks are nowadays trying to adopt blockchain technique. may be banks was thinked that if thay can not destroy bitcoin they just will do like bitcoin worlds run.