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Author Topic: Blockchain is the Trojan Horse that will push Bankers and Investors finally to Bitcoin!  (Read 2381 times)
hv_
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November 27, 2016, 12:09:25 PM
 #1

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 Grin

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November 27, 2016, 04:10:27 PM
 #2

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 Grin


For the bankers to jump into bitcoin they would need to see some profit by doing so. The bankers are part of the status quo and benefit from how things are running at the moment. The only way the bankers would jump on the bitcoin train is if they get defeated, in other words, if bitcoin shows to be too resilient and strong to be dominated and submitted. If bitcoin shows to survive all possible attacks, the banks will give up and start thinking about ways to make profit while dealing with the new bitcoin reality, just like at the beginning they tried to shut down the internet, they failed, and had to adapt.

I personally don't think they can't fully kill bitcoin unless they shut the internet down, which would is stupid since it would have a negative impact on their business.
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November 27, 2016, 04:26:06 PM
 #3

Yep.

First also bankers will see bitcoin as a personal investment alternative, but we also hear it from classical portfolio managers seeking for alternative uncorrelated investment classes, so IS bitcoin...

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November 27, 2016, 04:42:25 PM
 #4

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 Grin
It might be, but personally I doubt that it is going to change the opinions from a majority of bankers and other financial sector workers. From what I know a lot of it is just a proposed blockchain system that bankers want to have so they can monitor their users more effectively, not use Bitcoin along with it.
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November 27, 2016, 05:20:27 PM
 #5

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 Grin
It might be, but personally I doubt that it is going to change the opinions from a majority of bankers and other financial sector workers. From what I know a lot of it is just a proposed blockchain system that bankers want to have so they can monitor their users more effectively, not use Bitcoin along with it.

Also, banks will not yield to bitcoin. Banks and governments have all but negative things to say about bitcoin ever since it has grown in popularity. Most of the recent developments in the legislature in countries around the globe have been to ban or discourage its use. The US has classified it not as currency but a commodity. Which means, Bitcoin will be under different laws with regard owning it. Hence, it does generate adverse effects against holding Bitcoins.

Instead, I think the governments will just develop their own cryptocurrency that would replace paper/fiat currency. However, this will not be mined but it will also be similar to current fiat. It will still represent gold held by the state.
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November 27, 2016, 09:44:45 PM
Merited by Foxpup (3)
 #6

I don't think so. And I don't hope for it. We don't need bankers to join Bitcoin for it becoming an established currency. People that want bankers in are mainly focusing on possible short term increases in fiat valuation which are meaningless if you take the whole perspective. Bankers don't share the values of Bitcoin. Having them join in Bitcoin's infancy may actually be a risk for its future, as decentralization might be put at stake.

Bankers generally have a great feeling of self importance. That's why they still think, they can compete with Bitcoin by launching their own centralized altcoins - years after the climax of altcoin scams within the crypto community. However the harsh reality for them is that they can't compete and are no longer needed as gatekeepers of money. Bitcoin is the end of fiat money. And the end of fiat money will be the end of banking as we know it. The existing power structures built on the fiat debt scam will collapse.

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November 28, 2016, 04:15:08 AM
 #7

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 Grin

This is what I think. Everyone who are into cryptocurrencies already know that Bitcoin is where they should be if they want to make use of the "blockchain". They hype for the blockchain buzz word that was created so that people who ride that trend will make money out of it like what R3 is doing. Some will write books and sell snake oil in conferences. But truly what they want is to make money even if they do not really know what they are getting into. It is all a scam.

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November 28, 2016, 05:46:35 AM
 #8

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 Grin

Your statement and your title do not match? " debunk the real power of bitcoin itself. " What needs to be debunked? I do not get what you saying. The Blockchain was just a poor excuse not to use Bitcoin. The controversy surrounding Bitcoin has pushed Banks to shift the attention to "The Blockchain" The new Cool term for Bitcoin.

A lot of events like MtGox and Silkroad did a lot of damage and people were hesitant to invest in Bitcoin, but if they called it something else, < insert Blockchain technology > then investors will ignore the fact that it was linked to Bitcoin. They also wanted their own flavor of Bitcoin, and the technology behind Bitcoin was the opportunity to use Bitcoin, but with their own label.  

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November 28, 2016, 06:01:44 AM
 #9

Yes Blockchain will push bankers and Investors. Bankers will also create a system to adjust to the growing cryptocurrency financial system. But their way of thinking is to create a blockchain system that is modified for the banks to survive amidst the growing virtual economy. Hope they will just adopt bitcoins but they dont want that since it will be their downfall.
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November 28, 2016, 06:33:36 AM
 #10

These guys are sharks, they only want control, as you can see the R3 project is falling apart. It will be good to see them adopt Blockchain but with blockchain there is transparency and all your activities can be traced by any jack and these people are not known to be transparent
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November 28, 2016, 10:25:05 AM
 #11

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 Grin

Your statement and your title do not match? " debunk the real power of bitcoin itself. " What needs to be debunked? I do not get what you saying. The Blockchain was just a poor excuse not to use Bitcoin. The controversy surrounding Bitcoin has pushed Banks to shift the attention to "The Blockchain" The new Cool term for Bitcoin.

A lot of events like MtGox and Silkroad did a lot of damage and people were hesitant to invest in Bitcoin, but if they called it something else, < insert Blockchain technology > then investors will ignore the fact that it was linked to Bitcoin. They also wanted their own flavor of Bitcoin, and the technology behind Bitcoin was the opportunity to use Bitcoin, but with their own label.  

Mybe my English is causing some misinterpretation issues, sorry.

I say all blockchain derivatives, esp private ones (like R3), will not have most of the unique features of bitcoin itself and just if bankers / portfolio managers seek for alternatives / uncorrelated Investments to tune their results they would need to invest into bitcoin itself. All that blockchain hype just leads to get them learn exactly this an much more about bitcoin.

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November 28, 2016, 10:39:15 AM
 #12

I don't think this would be so easy. Bankers are very smart and interested only in profit. They will use the blockchain technology for their own purposes but I can't beleive this will push them to Bitcoin just like that. They will fight the Bitcoin to the very end and accept it only if there will be no other options. And they will make the profit out of it.

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November 28, 2016, 10:42:44 AM
 #13

Bankers will not move towards bitcoin or start accepting it as payment method rather they have actually started developing centralized crypto based on blockchain tech with centralized nodes, complete regulation/monitoring of every transaction and also don't think that will have any transparency.
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November 28, 2016, 11:03:18 AM
 #14

When an industry is giving out billions in bonuses while everyone else has to visit foodbanks; cost isn't a significant factor especially when the public purse will pick up the bill if it all goes wrong.

The idea that the banking industry will be disrupted by this technology is almost laughable. Especially since they have the capability to suck the few knowledgeable engineers, if they haven't already, out of the resource market and negotiate with the authorities to accept their alt-coin as tax payments. All that remains then is let the miners fight it out for dominance and take over the winners. Bitcoin (or it's alt) then becomes the inter-bank transfer service for VISA and Mastercard since the users are treated just as cash cows to the tech without a voice on the chain; they won't even notice.

The Chicago School have their fingerprints all over this, now, which is why decentralization is resisted so vehemently and the economists micro manage the software direction. It is starting to look more and more like Bitcoin is the dieing gasp of a rejected economic school as the world lurches to the right in a misguided attempt to get rid of them.

It did not have to be this way.
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November 28, 2016, 12:03:38 PM
 #15

I don't think this would be so easy. Bankers are very smart and interested only in profit. They will use the blockchain technology for their own purposes but I can't beleive this will push them to Bitcoin just like that. They will fight the Bitcoin to the very end and accept it only if there will be no other options. And they will make the profit out of it.

They already do - lookup Swiss bank Vontobel launched a tracker product on bitcoin as underlying - they get some fees due the selling.

Next will by portfolio managers mixing this into their stock selection.

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November 28, 2016, 12:10:31 PM
 #16

Ernst & Young (CH) just starts accepting bitcoin for payments

https://bitcointalk.org/index.php?topic=1696028.msg17016187#msg17016187

When will PwC - big blockchainers follow ?

Deloitte, Accenture .... ¨?

They all first analyzed bitcoin  -> blockchain -> finally bitcoin

And pls start your brain - who do they consult?

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December 01, 2016, 09:07:54 PM
 #17

Another top brain that blows into this horn:



https://youtu.be/d10j1lgxBXk


Very goooood!

Carpe diem  -  understand the White Paper and mine honest.
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December 01, 2016, 09:45:23 PM
 #18

Banks in developed countries already know about bitcoin, but it's a fiat competitor - so it won't be adopted by them.
Blockchain on the other hand it gaining entrance into the banking industry.

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December 01, 2016, 10:21:07 PM
 #19

banks are already making there own crypto. They dont want BTC
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December 10, 2016, 10:55:55 AM
 #20

banks are already making there own crypto. They dont want BTC

Not true. Vontobel, Fidorbank already want BTC...


And this dude exactly blows into my horn:


Blockchain here blockchain there, will solve all our issues and dreams.....


You wanna go and try it out like you stepped into the internet 20 years ago?

Good, go and download a bitcoin wallet. That works!

https://youtu.be/ZF0iCdYkXTM

Carpe diem  -  understand the White Paper and mine honest.
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - Satoshi's Rules: humana veris _
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