Could the banking system be behind cryptocurrenices?

[bamboylee]

OP, that moment that you have to say your question is SERIOUS.

We dont know but there is always possiblities that banking system be behind cryptocurrencies. How come that unknown person build this crypto with no one will help him/her. Ofcourse the owner of bitcoin build a team and they are working together for the bitcoin's future. There is always a backup. In business there is always partnership.

Why would banks create something that will ultimately destroy them? Bitcoin is everything that they are not. and if bitcoin succeed, it will render the banks useless.

[pearlmen]

The creator of bitcoin no one has ever seen and the most contact he has had with anyone is via a few emails. It's a little strange to say the least. Plus bitcoin isn't even anonymous. I only ask because I keep hearing of this one world goverment thing who want to introduce a one world currency. It kind of makes sense that a one world goverment might be being implemented as they have and are creating unions, like the EU for example if more unions are implemented like African and South American etc it would worth paying more attention. Anyway, how do we know that big bankers aren't behind this currency and the so called creator of bitcoin isn't just a made up name? Who is behind bitcoin it's a conspiracy.

DUN DUN DUN. Illuminati confirmed!

All jokes aside this is a very serious question....... VERY SERIOUS!

There is no way to actually be able to determine the right set of people that are behind bitcoin but one thing I know is that if banks are actually behind it, they have chewed more than what they bargained for because if this trend is going on like this, I then see what they brought into existence putting them out of business and that's exactly what's going to happen immediately some events happen to the advantage of bitcoin.

[Seansky]

There is no way that banks are behind crypto currencies after all there is no sane bank owner or personnel that will try to create crypto currencies especially bitcoin, since it can destroy their business. Aleo, banks don't like decentralization so why would they create crypto currency that are decentralized? It won't make sense if someone working for bank is the creator if bitcoin unless he/she wants to destroy banks.

[Sled]

I don't think that the banking system will be behind bitcoin or any kind of cryptocurrency because they are one of the strongest and most stable financial system in the world so i don't think the that they will be easy to get behind the cryptocurency because the government will do its best to just maintain their banking systems.

[Marma Kalari]

Bitcoins just the replacement for liberty reserve.   

Liberty reserve was a centralized digital currency serve and everyone knew that it would get into legal issues because of how they were conducting business and that is not the case with bitcoin and why would the banking system spend money to develop a new technology.

[LeGaulois]

Bitcoins just the replacement for liberty reserve.   

Bitcoin is a (crypto) currency. Liberty Reserve was a payment processor. What you are saying is totally out of sense. It's like saying Lionel Messi is the replacement of Michael Jordan. I don't know who told you that but better you google Liberty reserve to see what it's about.

[xLittlegirly]

Why would you try to break your own leg. Answer is no . They earn from the additional charges and the interest they get from people .

[bitbunnny]

I wouldn't say they are behind cryptocurrencies, definetely now, but still their attitude towards cryptocurrencies is changing. At the begininig they were strongly against them but lately they are more and more exiperimenting with them. And the reason for that is profit, they are trying to find their piece of cake in it.
But some conspiracy theories say banks are the biggest investors in Bitcoin.

[PancherBitCoin]

I would not worry about the banking system and the existence of Bitcoin. The fact is that the crypto currency will feel very good in cooperation with the banking system. I see this even because the banks of my state, including commercial ones, use Bitcoin technologies and are very active in creating a national crypto currency. Therefore, users of crypto currency can sleep peacefully.

[richmcrich]

The creator of bitcoin no one has ever seen and the most contact he has had with anyone is via a few emails. It's a little strange to say the least. Plus bitcoin isn't even anonymous. I only ask because I keep hearing of this one world goverment thing who want to introduce a one world currency. It kind of makes sense that a one world goverment might be being implemented as they have and are creating unions, like the EU for example if more unions are implemented like African and South American etc it would worth paying more attention. Anyway, how do we know that big bankers aren't behind this currency and the so called creator of bitcoin isn't just a made up name? Who is behind bitcoin it's a conspiracy.

DUN DUN DUN. Illuminati confirmed!

All jokes aside this is a very serious question....... VERY SERIOUS!

Security researchers from the NSA agency were already discuting about cryptocurrencies in 1996. You can find the paper in search engines, the title is "How to Make a Mint: the Cryptography of Anonymous Electronic Cash". It's very  interesting to read it.
A cover from The Economist was the showing bitcoin with the illuminati pyramid with the eye
So it can be possible the banking system (or above the bank cartel) is behind cryptos. After all "One world, One government, One bank" is one of the motivation of the Elites, isn't?

Seems you guys are reading too much of conspiracy theories and taking wikileaks very seriously 
Jokes apart, nothing can be said for or against your opinion. Not sure if the Illuminati eye watches bitcointalk, or this thread to be particular, but what's bad about the new world order with bitcoins as the primary currency ?

Perhaps we will have an upper hand in the society for being acquainted with crypto currency at the least

[South Park]

The creator of bitcoin no one has ever seen and the most contact he has had with anyone is via a few emails. It's a little strange to say the least. Plus bitcoin isn't even anonymous. I only ask because I keep hearing of this one world goverment thing who want to introduce a one world currency. It kind of makes sense that a one world goverment might be being implemented as they have and are creating unions, like the EU for example if more unions are implemented like African and South American etc it would worth paying more attention. Anyway, how do we know that big bankers aren't behind this currency and the so called creator of bitcoin isn't just a made up name? Who is behind bitcoin it's a conspiracy.

DUN DUN DUN. Illuminati confirmed!

All jokes aside this is a very serious question....... VERY SERIOUS!

Why would a banking system related entity would be behind the existence of cryptocurrency when most of the cryptocurrencies out there are designed to be untouched or decentralized. They even hate to be regulated. Banks is all about regulation of money so why make cryptocurrency? Maybe the entity behind is sick about the regulations of money in the banks so he/she/they made cryptocurrency just to fill their wants? It seems illogical.

Well, you are correct on most points, but believe me banks hate regulations as well, they would like to be able to do whatever they wished for without following any rules, we know they violate those rules, but they need to hide it, they would like for no rules to exist at all, that is why you always see banks trying to deregulate the markets.

[Mometaskers]

If they were indeed behind this, then they just shot their feet - unless of course, being Illuminati, they don't care about the initial pain. 

Why would banks want people to keep money on their own without using the banking system? Though for now some still use banks for converting to fiat, a world where crypto is king will no longer have use of banks since every transaction would be handled in crypto. Not to mention, there are multiple cryptos that people can own, and it's possible that much later, these will see increased use. Quite far from "one currency".

[Lieldoryn]

I'd say the only thing giving banks so much power and money, is their ability to track all transactions in a hidden database. If the banks did release it, it has backfired by showing how effective a public record of all trades makes them redundant. Cryptocurrencies are somewhat of a threat to banks, the only advantage they have it governments wanting to track who is trading.

All the major banks are cooperating with the Central Bank of their countries. Because of corruption and his connections, they can take an unlimited amount of money and resell the loans to the people. Banks always have an income. Cryptocurrency does not work, so she is not interested in banks.

[Love!]

The moniker Satoshi Nakamoto is really a made-up name. Why would anyone who wanted to oppose the governments reveal their identity? That's like allowing witch hunters to kill you easily without some form of protection for yourself. Also, letting the public know you is irritating. Too much noise around you is not healthy.

I agree with this wholeheartedly. Just because you don't want to be known, that doesn't mean you're being secretive. In this case, the inventor is being protective. As I would be if I were in his or her shoes.

[syaripudin]

I think crypto is an indevendent programmable financial system, it is a self-running system without any interference from anyone, and crypto is a very transparent system that no one can take advantage of in this system Already programmed like that, so I do not think there is a controller from the bank in crypto. Bank only as a party where we can transfer crypto that we have exchange with fiat currency. This is what makes a lot of people like crypto as a tool of transaction in the future.

[Razick]

One person invented crypto, not the banking industry.
The world is more open for individuals to create something great by themselves than ever before.
Anyone with a laptop and internet connection can change the world.

[theunbeatable]

Well this will be one of the greatest mystery since the begging of Bitcoin. We don't know if it's just a codename or an organization or a genius individual but the mystery is that what happened in the year he dissapeared. Well because of life threatening danger and what if the government captured him and what if someone use his name to the destruction of btc. This questions is still remain unanswered but one thing is certain. He opened a door that others don't want to open or enter.

When it comes to banking system I think banks has a great advantage because they have great reserves like oil and gold.

[jc89]

I don't think banks have something to do with cryptocurrencies. Besides, why would they develop a type of currency that they cannot control? I'm not convinced that they have to do with this. It can mean the end of business for them and a great loss of current and potential clients. So it doesn't really makes sense to me.

[CrewKitten]

I can guarantee you the banking system is not behind cryptocurrencies.

Bitcoin was made by 1 individual. His name is "Satoshi Nakamoto".

The technology was invented by him and is a decentralized system.

Banks do no like Bitcoin because it takes money from them.

[naidray]

I can guarantee you the banking system is not behind cryptocurrencies.

Bitcoin was made by 1 individual. His name is "Satoshi Nakamoto".

The technology was invented by him and is a decentralized system.

Banks do no like Bitcoin because it takes money from them.

Yes, banks are the entities whose existence is highly threatened but the tremendous use of bitcoins and other digital currencies.

Everyone knows that Bitcoins are decentralized and this is what banks and many governments hate about Bitcoins. Bitcoin have given the whole power in the hands of local people and this is why people are highly attracted towards is currency.