When will banks start a war against bitcoin

[matjas]

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?

[pedrog]

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 thing it will happen and when?

People been making those kind of allegations and other complicated conspiracy theories since bitcoin's inception, it never happened and it will never happen, people working at banks don't care about bitcoin, shareholders don't care, CEOs don't care, tellers even less.

They only complain about the unfair paying field, they have to spend millions in compliance while some bitcoin startups who offer similar services don't.

[ahmadakbari]

This is exactly what always worries me. Governments always want to control transactions and prosecute buyers and sellers. I think this is difficult fot them when people use bitcoins for their transactions. I hope this never happens.

[Coffee135]

All banks controlled by the government so you can not even doubt that such a war would be. But against any poison there is always an antidote. If such a war starts we will look for ways to circumvent the restrictions. To stop bitcoin is not a force any Bank.

[OmegaStarScream]

The bankers control the world, they could simply start by shutting down the exchanges but they won't do that because people will start talking about freedom of belief, speech and that kind of stuff. Instead, they will do whatever they are doing with Islam for example, they will make it look bad, you will see more pedophiles and terrorists, weapon and drug dealers, kidnappers on the media asking for bitcoin and eventually this will put away a large amount of people away.

[Juggy777]

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 thing it will happen and when?

War? What war are you talking about op. Banks are already using bitcoin technology called blockchain. There are some banks which are paying or accepting Bitcoins. Many are now encouraging it to. Yes there is a fear that banks may loose out business, but it's absurd nothing like this will ever happen, banks are more than happy to encourage Bitcoins as after conversion, it comes back to them.

[tavogi.com]

People sometimes compare the current state of blockchain to the world wide web when it first came out. If that is an accurate analogy, then banks are more likely to try to co-opt the technology rather than wage a war, similar to how they did with online trading and brokerage.

[LeGaulois]

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 thing it will happen and when?

You forgot that banks are heavily researching and investing millions of dollars in their own blockchain solutions. I say banks but it also concerns insurance and lot of different industries. So they can't really start a war against Bitcoin as it would also mean against the blockchain. You can't really say Bitcoin is a shit while you are using it yourself.

[Dudeperfect]

In my honest opinion, I don't think that banks will ever try to use or oppose Bitcoin. They would use blockchain technology to keep alive themselves and instead of direct conflicts, they would try to adopt something like the ripple to compete in the market. Yes, Bitcoin will cut their earnings by providing similar service in faster and decentralised way but they won't be able to do anything directly.

[jakelyson]

I do not see any conflict with banks. You will still go to banks to finance your business, house or car loans. They have savings accounts but their main source of their income is loans. Even if bitcoin succeeds as a currency, banks can just add it as a new currency and loan people with bitcoin instead of cash. I do not see any problem with that.

[mackenzied]

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 thing it will happen and when?

I think there are not any banks that think that bitcoin is a potential threat, even though many banks accept bitcoin as an official currency. There are many governments that have supported bitcoin, it is taking a strong step.

[makulo123]

"During a major crisis, even the most strongest players are affected." Well, in the bank terminology. If banks would be experiencing a financial crisis then Bitcoin gaining popularity will be a major issue for banks, because that is a prognosis for Bitcoin replacing bank system. When you are buying Bitcoin you are basically betting for banks to crash and Bitcoin becoming a new standard.

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[harizen]

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 thing it will happen and when?

Where are your sources that your statement can be considered as major concern. Don't bothered on it as in reality it's not a big case. Maybe there are concerns like that globally but only for a small percenrage. For me I don't think that banks would even think of bitcoin as potential threat. First of all, we are here in crypto forum and most posters here are having thinking like that. Because of that, the ideology will build up to those persosn who will read that then eventually they will now made a conclusion that banks really wants bitcoin to be destruct or they are giving mostly negative feedbacks on this currency.

If governments or banks really sees bitcoin as threat then since the beginning we won't be able to used bitcoin in our respective country.

[Ryan Dugan]

It is just a competition and Bitcoin is a heavy weight competitor. They might not be afraid yet but they are very wear about Bitcoin as it can be a threat to their banking institute. I support Bitcoin because it is against banks and the power and Monopoly they hold. Bitcoin gives power directly into the hands of the people.

[RodeoX]

I see no evidence of this happening and no one has ever even come up with a way for it to happen.  There are bigger problems than this to worry about.

[gabbie2010]

Banks cannot stop bitcoin because both works together even bitcoin can increase banking revenues for instance all my bitcoin that I exchanged to fiat was cashed out in my bank with some minor deductions for the transactions thus increasing the banks revenues, Banks waging war against bitcoin is going to be in futile.

[rafajunior99]

I see no evidence of this happening and no one has ever even come up with a way for it to happen.  There are bigger problems than this to worry about.

I think this is unprecedented, and hopefully not happen with Bitcoin, if this happens I do not know what it looks like in the future.
What does it mean with a bigger problem than this, can you explain it so that everyone knows about this problem.

[dali_masmoudi]

This is impossible, they can't start a war against a cryptocurrency.
Btc don't have only one source or only one country or ...
It is all around the world.

[|Bitkoin|]

This is impossible, they can't start a war against a cryptocurrency.
Btc don't have only one source or only one country or ...
It is all around the world.

That's not true. I think the banks would starts a war but only when market cap of Bitcoin is over $1,000,000,000,000 then they will pay attention to it because people aren't using the banks they will be using Bitcoin instead and this is not good for banks so they will try to fight against Bitcoin in that time, but not now it is way too early actually.

[Arkann]

Banks can not fight against bitcoin. They can ignore it or arrange various provocations to discredit him. However, vseravno they can not do anything to him. They will have to accept the existence of the crypto currency and with the fact that it took away a significant part of their income from banks due to the loss of clients who preferred crypto currency. They will also have to provide services for the purchase and sale of crypto currency to at least somehow cover losses.