When will banks start a war against bitcoin

[recsoninlight]

Banks won't start a war with Bitcoin. They don't see it as a threat however they're seeing it as an opportunity to earn more money. They partnered with several BTC platforms so that the crypto will be converted to cash. 

[1715178729]

1715178729

[1715178729]

1715178729

[mymenace]

The war is fully underway

First was the bad media
Next was blocksize debate
Next the code coup - segwit, blockstream
Then the laws
Then the bans

(about this time they stole bitcoin by raiding BTC-E, corrupt ex ceo was arrested and the exchange blamed for money laundering)

Then the forks (Bcash, Bitcoingold) - confuse newbies as to what is the real bitcoin
More bad media
The credit/debit card bans
Bring the big boys out - BIS, IMF, any banker/trader to slam bitcoin


Battles to come
attack the lightning network
attack the exchanges (no real bitcoin on exchange, money laundering, corrupt, bankrupt)
More laws and bans
Media - criminality around crypto
Create competing crypto IMF/BIS global crypto coin - https://www.acchain.org/en/ (putting your assets on the blockchain)

and the war continues

reading half these comments shows how blind a lot of people are to what is actually going on

http://uk.businessinsider.com/cryptocurrency-south-korean-official-in-charge-of-crackdown-found-dead-2018-2/?r=AU&IR=T

and the war continues


 
A reminder banks, stock exchanges financial industry are all developing block chain technology and have been doing it for about 2 years now
Of course they want you to use their coin

ASX digital hyperledger

R3 consortium is an enterprise software firm working with over 100 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop Corda, our distributed ledger platform designed specifically for financial services

IMF/BIS creating acchain
https://steemit.com/money/@sgtreport/breaking-bankers-new-sdr-crypto-blockchain-will-enslave-humanity-lynette-zang

UBS
https://www.ubs.com/microsites/blockchain-report/en/home.html
How the blockchain could transform finance (and the world)
We at UBS have become very interested in the blockchain and its potential. In March 2015 we launched the Crypto 2.0 Pathfinder Program

[l0uisStanley]

Banks will get used to bitcoin and they will partnership with bitcoin if they want to survive in the future when bitcoin will be huge

[mymenace]

Banks will get used to bitcoin and they will partnership with bitcoin if they want to survive in the future when bitcoin will be huge

true but only after the more likely scenario of the banks collapsing (bankrupt, no more bail ins, no more tax break, no more national debt) and be replaced by gold/silver backed currency with cryptocurrency used as the medium for transactions

[online73]

When will the banks start a war against bitcoin?
In many countries, the war against Bitcoin is already underway. I think that this war is useless, - the winner of the crypto currency is unequivocal. Those countries and banks that have specialists who understand what Blockchain is, are looking for opportunities to make money on this and not fight. It is always necessary to seek a compromise. Because when the war for survival begins,- Bitcoin will ALWAYS be on top.

[digitalgame4life]

I do not think that Bitcoin and other cryptocurrencies are very much hindering the banks. Banks can also earn on cryptocurrency, some banks already use cryptocurrency.

Exactly this, Bitcoin and coins like VEN/VET and some other good projects/altcoins are hindering the banks in a steady manner, the whole cryptocurrency method is a huge threat to banks, banks are oldscool and cryptocurrencies are high tech and fast transactions, banks have to adapt to this if cryptocurrencies become even bigger, banks are aware of this and are step by step adapting to blockchain, in the Netherlands there will be a seperate account for cryptocurrencies, this will be for big investors and surely for ordinary people too in the future, this shows a little adoption is on the way.

[GeorgiyBilyk]

Of course the war is already on! visas and the master of cards insert constantly new sticks in wheels! They understand that it smells of fried! Just imagine how much capital has passed from their control! They constantly forbid the use of any cards for bitcoin exchange! This war is in full swing, it's very interesting to watch this!))

[jhonnydeep87]

To me that the bank will start a war against bitcoin for various reasons. Bitcoin is now good and people are in love with bitcoin. The number of bitcoin users is increasing every year and if banks continue to fight bitcoin then the number of people using banks will decline sharply with time.

[Ethan Argu]

I believe it will happen why? Some goverment in other countries they have study now how to given a tax and control this cryptocurrency because if you sell a bitcoin i. A high amount they will give you a tax. So the goverment now is studying this particular situation. It will happen because in thier side people need to pay a tax. Which is so unfair.

[mymenace]

I believe it will happen why? Some goverment in other countries they have study now how to given a tax and control this cryptocurrency because if you sell a bitcoin i. A high amount they will give you a tax. So the goverment now is studying this particular situation. It will happen because in thier side people need to pay a tax. Which is so unfair.

waiting for the new law that will somehow tax, regulate or criminalize peer to peer buying

tried it with
music sharing
file sharing
encryption


anything peer to peer

watch them attack it



we all welcome the new peer to peer king

Bitcoin

[sonali2015]

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?

Bitcoin is illegal most of the country all over the world.Bank already starting war against bitcoin and as a result bitcoin buy sell on black market.Some asia country illegal bitcoin ,if you use bitcoin than you have to go to jail.Bitcoin is a most powerful and valuable currency so it will legal all over the world.

[Irvinn]

The war between banks and bitcoins has been going on for a long time and we can see it on the example of a recent report that the banks of Poland ordered videos on social networks with fictional negative information about the crypto currency, while paying for such information about $ 30,000. We also could see the appearance in January and the first half of February of many different fabrications about crypto currency and bitcoin, and it was with this in mind that bitcoin and other crypto currency fell so low in its value and stayed on the price for so long.

[deathguardian20]

The war has already begun. Here in my country, if the bank detected that your money is from bitcoins, they will freeze your account and you wont be able to get your money back. That's why I dont use banks to get my earnings.

[SaiWAFU]

Let's not hope that war between banks and bitcoin would start anytime soon. We all know that banks is acknowledged by governments unlike bitcoin. It will be a long process before bitcoin can be legalized in several countries unlike banks who are essential part of every countries' economy.

[Doge dealer]

i suppose it has already started , remember doing a bitcoin transaction does not  necessarily require a bank or financial institution thereby bypassing it resulting in a loss of fees (income)for the bank what we would have is a situation where monies would be leaving the traditional banking platform into the bitcoin ecosystem , this will continue to spell disaster for banks as profits will go down in a number of ways as there will less money to lend and you might also find that the number of borrows may also be limited , because your able to use bitcoins to raise start up capital for your business.So if bitcoins is allowed to continue in its present form i can understand the sleepless nights the banking industry must be experiencing because their is no stopping bitcoins , more-so as prices are trending upwards.

[mymenace]

Let's not hope that war between banks and bitcoin would start anytime soon. We all know that banks is acknowledged by corrupt governments unlike bitcoin. It will be a long process before bitcoin can be legalized free to use in several countries unlike banks who are essential part allowed to print free money and increase interest rates of every countries' economy.

fixed it


Let's not hope that war between banks and bitcoin would start anytime soon. We all know that banks is acknowledged by corrupt governments unlike bitcoin. It will be a long process before bitcoin can be legalized free to use in several countries unlike banks who are essential part allowed to print free money and increase interest rates of every countries' economy.

[rxthree]

What worries me though is that bitcoin is still a currency, money, and government would find ways on how to make it centralized, let's see how banks will make their move.

[gabbiee]

What worries me though is that bitcoin is still a currency, money, and government would find ways on how to make it centralized, let's see how banks will make their move.

Yes while they still don't have any solution for it, they are banning it from their country to avoid any unwanted situations from cryptocurrencies. That is their move because we all know that it will be hard to make bitcoin centralized because it is build for decentralization. That is one of the reason why people like using bitcoin because there is no any third party involved.

[Gastotade]

What worries me though is that bitcoin is still a currency, money, and government would find ways on how to make it centralized, let's see how banks will make their move.

Yes while they still don't have any solution for it, they are banning it from their country to avoid any unwanted situations from cryptocurrencies. That is their move because we all know that it will be hard to make bitcoin centralized because it is build for decentralization. That is one of the reason why people like using bitcoin because there is no any third party involved.

There's no way they can regulate it, it is decentralized, all they can do is to tax those built establishments may it be they accepting bitcoin or not, those ICO and exchanges or websites but not literally the crypto people, they can tax them when the money is already in their fiat.

[lyks15]

I think there is no time and date when the bank will start war on bitcoin. Because bitcoin can affect their bank loans activity. Their client did not invest money to their bank anymore because clients are now investing their money at bitcoin and the most disadvantage of it the client will withdraw all they investment at the bank and invest it to bitcoin because all we know that in bank investment you will get small amount of interest compare when they invest their money to bitcoin it will grow so fast and in a big interst so the banks are so much bothered at bitcoin so anytime they will start a war against bitcoin.