When will banks start a war against bitcoin

[MostHigh]

The main aim of bitcoin is to put your money in your own pocket bank and avoiding this banks going around and mismanaging peoples' money. If they are going to make noise they can continue. I know banks unanimously fund drug trafficking, child and unpaid labor trade as well. If i were to be the banking organization's  would rather sit up and see how i can find space in crypto and advance my works. There are spaces everywhere for everyone 

[Gheka]

I do not think that bank will start a war against bitcoin due to many reasons. Bitcoin is good right now and people are in love with bitcoin. The number of bitcoin users increases every year and if banks against bitcoin, the number of people who use bank will decrease sharply

Banks will not be against bitcoin because bitcoin does not really affect the bank, many people earn bitcoin but in the end, they will also convert bitcoin into cash then the cash will be deposited into the bank, banks will charge service fees, Bitcoin helps banks, so banks do not have any reason to war with bitcoin. In addition, Bitcoin is a trend in the future and banks can develop when working with bitcoin, it is the first development step in their future, they will not be foolish against their good future

[Rishabh riyz]

I do not think that bank will start a war against bitcoin due to many reasons. Bitcoin is good right now and people are in love with bitcoin. The number of bitcoin users increases every year and if banks against bitcoin, the number of people who use bank will decrease sharply

well we all know what Bitcoin are made we do know what banks are ,bitcins gives us financial freedom to invest and earn , I agree with you that the number of users of this digital crypto currency is increasing but the number for people using banks are not going down ,
a person after earning bitcoins eventually converts it into cash and deposited it in banks, by this bitcoins don't interfere with banks but instead helps to increase users and account
Their is no advantages to bank after overcoming a currency so why would they do .!?

[darkangel11]

For thoes who decline bitcoin as a alternate currency for thier country it is because of there is no tax when it becomes to bitcoin compared to normal. so that's why they are try to make bitcoin illegal in thier country. Some countries are full of corruption that's why they do not what to make bitcoin a currency or making it illegal in some specific country.

There are taxes when converting to fiat, but once bitcoin becomes an official currency and is used to pay wages, governments will keep an eye on transactions and make sure the taxes are being paid. The easiest way to do it would be to require companies to put all blockchain transaction IDs in the books and monitoring individual employees wouldn't be necessary.

[drwhobox]

For thoes who decline bitcoin as a alternate currency for thier country it is because of there is no tax when it becomes to bitcoin compared to normal. so that's why they are try to make bitcoin illegal in thier country. Some countries are full of corruption that's why they do not what to make bitcoin a currency or making it illegal in some specific country.

There are taxes when converting to fiat, but once bitcoin becomes an official currency and is used to pay wages, governments will keep an eye on transactions and make sure the taxes are being paid. The easiest way to do it would be to require companies to put all blockchain transaction IDs in the books and monitoring individual employees wouldn't be necessary.

i meant was. Some country is not putting some tax to us such as philippines. It's actually free when you're going to transfer money on another wallet with the same wallet carrier.  Goverments do keep on eye on bitcoin for thoes who recognize bitcoin as a true currency on the market. But, some countries dosen't even recognize bitcoin as a thing to thier country due to some corrupt reasons.

[coinplus]

I think banks are actually trying to design their own cryptocurrencies, but I can see some of them adopting btc once transactions get even faster and easier.

I have not heard whether any bank is making its own crypto currency or not. But still if we consider this possibility then what are the chance of that digital currency of surviving when bitcoin has already become this much famous among common people. Obviously zero, they will be wasting their time if they plan to introduce their own crypto currencies. Bitcoins unite us all. Yes it is true, some banks have started to accept BTC.

[manchester93]

For thoes who decline bitcoin as a alternate currency for thier country it is because of there is no tax when it becomes to bitcoin compared to normal. so that's why they are try to make bitcoin illegal in thier country. Some countries are full of corruption that's why they do not what to make bitcoin a currency or making it illegal in some specific country.

There are taxes when converting to fiat, but once bitcoin becomes an official currency and is used to pay wages, governments will keep an eye on transactions and make sure the taxes are being paid. The easiest way to do it would be to require companies to put all blockchain transaction IDs in the books and monitoring individual employees wouldn't be necessary.

It's actually a bit scary to think about. Bitcoin is so transparent that once it's fully integrated into society (like you suggested), it will be fully trackable and linkable to peoples' identities.

After getting paid your salary (unlike bank accounts), the blockchain is public, so governments can watch what you do with your coins -- where you spend it, for instance. And they might catch you hiding coins if you ever sign a transaction with your "publicly verified" keys, along with private keys they don't know about yet.

[Charot12345]

I think it is not impossible that bank will take a move if the bitcoin is still booming and take them down because the people that preferred bitcoin on saving money than banks are increasing. Many people preferred bitcoin than banks because of the security and change in price that will cause banks to be bankrupt if it still goes on so that I think banks will start war against bitcoin if they are near to bankruptcy.

[bohr]

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?

The war started as soon as bitcoin was created banks make these accusations to bitcoin when it is them the banking system the reason there is money laundering in the first place, where trillions of dollars are laundered and governments do nothing to me it seems they are worried they are going to lose their biggest money maker, illicit activities.

There are some people really doing this using their ties with the bank, make it a way to launder a lot of money on the bank. I've also known a news in my country where in they made a lot of bank accounts using different people to save there laundered money, how greedy of them.
I think they are not worried at all but they are thinking that if a lot of people do not use banks, the only money that will be left in the bank is their money.

Correct, and that is why they are worried a bank without others people money is not a bank but a business, suddenly the bankers will realize that if they want to make money they will have to do it like everybody else in the world, they will have to risk their own money and try to create products and services that people want, they are going to regret abusing their power for so long.

[balakang00]

   I honestly don’t know but that is the thing I’m scared of. It is not good for any other money-saving ways to have a conflict. Different people have different dispositions and reasons in using different medium in using their money. I think there would only be a problem when the other side interferes with the way of systemizing of the other.

[Yaramrd]

I think this is indeed a threat to the bank. A lot of people see bitcoin a metide save a modern and very generous money. Unlike banks .. saving money and getting tax every month bitcoin no tax every month. People assume saving in the bank will only spend money while if we save bitcoin will benefit. I'm sure more and more people are familiar with bitcoin .. maybe customers in the bank will move on to bitcoin.

As you say more and more people are familer with Bitcoin I think in future banks will adopt trading in Bitcoins rather starting a war against Bitcoin. Bitcoin is the future and soon we will see banks will start dealing in Bitcoins. The growth of Bitcoin is attracting people and  institutions day by day.

[bohr]

I do not think that bank will start a war against bitcoin due to many reasons. Bitcoin is good right now and people are in love with bitcoin. The number of bitcoin users increases every year and if banks against bitcoin, the number of people who use bank will decrease sharply

Banks do not care about feelings, they only care about profits if they think that it makes sense for them to go to war against bitcoin then they are going to do it, at the moment they are not doing much except using their media dogs but if bitcoin becomes even bigger then I think we are going to see a more obvious war and they are probably going to try to use governments to ban bitcoin.

[Nicol3]

If it does happen, I don't think it will happen any time soon yet. We also can't tell when that will happen because the crypto world had just been noticed from investors and people worldwide. It could do a lot of damage to the bitcoin market and may pull it down but it also depends if they are going to accept it whole heartedly or treat it as a threat.

[Aztek]

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?

I do not see some problems of bitcoin in regards to bitcoin. It is given that bitcoin as a form of crypto-ccurency can be an option or be a number one option on transaction that it could be on the point that it would be the main currency on any type of transaction but the thing is it much easier to adopt and deal with development rather that to cross on the current of progress in the sens that bank system will take bitcoin as a good or a better way of option on bank transaction and management.

[TheGreatPython]

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?

Banks will start waging war against bitcoin once they start losing lots of capital and putting a lot of bankers out of job. Presently they don’t seem to be bothered because the market stable and this guarantees them their job and capital.

[dynospytan]

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?

For me I think it will never happen that banks will start war against bitcoin. We all know that all of the people in this world needs a tangible money for them to buy their needs. And one thing is not all the people knows bitcoin thats why they will still use the money that banks made.

[Klausi]

I do not think that bank will start a war against bitcoin due to many reasons. Bitcoin is good right now and people are in love with bitcoin. The number of bitcoin users increases every year and if banks against bitcoin, the number of people who use bank will decrease sharply

Literally it's not the same as war like happened in the past or in history but I think it won't be like that I guess there are strategic ways of how banks target bitcoin. They already know that it's been running for years and many people are having good feedback about it. That's why some are shifting investment or savings from the bank to bitcoin. Banks are of course competitive when it comes to their business. Therefore, they may be hire some professionals to see how bitcoin movements in the economy.

[khaled0111]

let's hope they will not do. but such thing will happen sooner or later and the bitcoin community should be aware of that.
but stopping the bitcoin is not that easy, since the community is growing more and more and banks should find a way to integrate bitcoin in their system.

[coinzoid]

Instead of declaring war against bitcoin, banks should adapt their customer base. In the end, more people will hear about bitcoin and decide to keep their funds in bitcoin wallets, instead of banks.

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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?

No. They will not declare any war because bitcoin and banks as I can see they didn't have any reasons to declare war. And simple, the function of bank is to protect, groe and store money of the people while bitcoin function is to earn or serves as the extra income for the people. The bitcoin and banks are the quite good combination in order for your money to be saved and protected.