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Author Topic: When will banks start a war against bitcoin  (Read 16170 times)
thomas1980
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February 24, 2018, 07:41:52 AM
 #881

They can't stop bitcoins growth no matter how many hard fork they've done it will always fail like BCC/BCH.  I have not seen any signs that banks against Bitcoin. Many central banks around the world do not recognize Bitcoin, but Bitcoin's Blockchain technology is what banks are seeking as a top choice for banks to develop a system general payment
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Oscar1979
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February 24, 2018, 07:42:54 AM
 #882

If they really wanted a war, I still think that the banks would win. They have the government backing and more people will trust them than Bitcoin.Not in the sense that we will got erase from this world but, we will lose everything we worked for. And for the banks. Every people that put their money on bank will lose also.
William1978
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February 24, 2018, 07:44:34 AM
 #883

They have no chance of winning. They have no influence on bitcoin. But banks are engaged in speculation and can use bitcoin for their own purposes.In the world of financial transactions bitcoin is small like little kid game tokens. Banks are more interested in the cash that is flowing around.
willliamjames
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February 24, 2018, 07:46:07 AM
 #884

 I think blun there masalh with bitcoin bank, why battle better be better to introduce the name of bitcoin and easy to access it in the bank.i think bank will start a war with bitcoin because if they can learn and adopt blockchain technology into their system, their system will grow into next level which can help them to give best services to their member.
Freddie197
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February 24, 2018, 07:47:07 AM
 #885

Banks has not been so affected of bitcoin progress because bitcoin is not yet so widely used by many. Banks will be only concern to bitcoin when it finally be used by the majority.The prices of Bitcoin is not fixed , other currencies price change a bit like minor changes but in case of Bitcoin it changes frequently which might affect daily transactions of people.
Archie1973
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February 24, 2018, 07:48:08 AM
 #886

 I think The banks will find a way to use Bitcoin in their favor. Banks love money, no matter where they come from.They're not going to try to bring it down, they want to participate and make a ton of money.
Ethan112
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February 24, 2018, 07:49:11 AM
 #887

As mentioned bitcoin will serve as an competitor for the banking system. Just because of this I don't find there will be an war between the two. it does not prove that they are supportive in regards of bitcoins. Blockchain technology aids banks because of its little cost and nothing else. In my opinion, Bitcoins are a constant threat to banks.
Argoo
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February 24, 2018, 07:52:56 AM
 #888

Such a war is already taking place. This is evidenced by recent information that one of the largest banks in Poland ordered for $ 30,000 fictional negative information about the crypto currency in social networks.

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Falgorn
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February 24, 2018, 08:14:45 AM
 #889

Bitcoin technology, unlike banks, is decentralized, anonymous and uses a minimum transaction fee. Any person, regardless of status and financial position, can send money in any quantity to any part of the planet.
I think that blockchain will lead to the collapse of the financial system, and central banks will start issuing crypto-loans for citizens. Saving the banks regulators will not try. Traditional banks will disappear. All over the world, they will be replaced by digital currencies and payment systems for them.
kokobaba880
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February 24, 2018, 08:49:57 AM
 #890

I think the banking industry is also playing a vital role in the present time and the central bank of every country is making a big strategies with banks loans etc the financial system can be stronger with the banks and the importance of this can not be set aside. Those who have bitcoin they are also good but i think the banks will not start a war against bitcoin because the people who are educated they are using bitcoin by their own will.

doloresdeleon07
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February 24, 2018, 10:13:05 AM
 #891

Banks I think are smart enough to know that instead of going against Bitcoin they can benefit from it in the future if they want to, they have the resources, they have their R&D, surely they can adopt to Bitcoin and still provide services for clients.
jsscswan
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February 24, 2018, 10:29:05 AM
 #892

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
Perhaps many conspiracy theories have been circulating that banks will fight bitcoin because bitcoin directly and openly take on potential customers. I think at this time ba we have started battling bitcoin with the policies they make and their involvement in influencing the government.

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mymenace
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February 24, 2018, 10:43:04 AM
 #893

Bitcoin was made specifically to target centralized banks

As a result of the GFC 2008 banking lies,  satoshi made (leaked?) bitcoin

thus it is an enemy of the banks and they have and will continue this war against bitcoin

https://www.zerohedge.com/news/2018-02-23/currency-wars-ecb-warns-re-trump-russia-and-turkey-buy-gold-and-boe-bitcoin-warning

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KourtneyK
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February 24, 2018, 11:21:04 AM
 #894

I don't think a war between banks and bitcoin will take place however I know for a fact that the banks now are trying to see what they can do about these cryptocurrencies because it also made some huge changes in the bank itself. They are aware what is the sole purpose of these cryptocurrencies and some think it could lead to major crimes like sending funds to some group of people anonymously or whatnot. But the banks for now can't do anything about these digital coins, and eventually will create their own coin or token because of the hype.
Sergey190785
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February 24, 2018, 11:25:29 AM
 #895

Banks will certainly take up crypto currency when they feel a large outflow of funds and a smaller profit. This will certainly happen, I think after 5 years

Morgann
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February 24, 2018, 11:29:10 AM
 #896

when the number of their customer is getting lower maybe they will start a war against bitcoin. but i dont think they will make a war because all banks can use bitcoin as their regular currency. they just need to shoulder all cryptocurrency to stablish good partnership.
Exte
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February 24, 2018, 11:33:49 AM
 #897

So like this war is already on, it just has not yet reached its peak phase of activity. As long as governments have not yet decided how to act.

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Aura
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February 24, 2018, 11:43:50 AM
 #898

The war already started, good proven example is the Polish central bank that payed Youtubers to bash Bitcoin in videos. This is probably not the only action banks took against Bitcoin, but it has been proven. I think that it makes sense, because Bitcoin is probably the biggest rival of banks that is out to the public, looking at the technology that would make banks useless.
mymenace
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February 25, 2018, 03:52:41 AM
 #899

The war already started, good proven example is the Polish central bank that payed Youtubers to bash Bitcoin in videos. This is probably not the only action banks took against Bitcoin, but it has been proven. I think that it makes sense, because Bitcoin is probably the biggest rival of banks that is out to the public, looking at the technology that would make banks useless.

Bitcoin was made specifically to target centralized banks

thus it is an enemy of the banks......

https://www.rt.com/business/419734-bank-america-cryptocurrency-threat/

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Ukaraki
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February 25, 2018, 07:22:00 AM
 #900

I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime.
I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it.
Do you think it will happen and when?
Today's banks are sure to have their algorithms for the virtual currency, but Bitcoin, at the current pace of development of Bitcoin, is gaining access to the commercial market directly. Bitcoin is a fast-growing currency, and the future will be available in big banks
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