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Author Topic: When will banks start a war against bitcoin  (Read 16172 times)
lance04
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April 03, 2018, 01:51:02 PM
 #1041

There is already a rivalry between the company of bitcoin and bank; the successive success of the bitcoins in this industry raise a big threat in the commercial banks that the role they have can be replaced by the bitcoin.
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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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RakknRoll
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April 15, 2018, 04:33:50 PM
 #1042

I think banks wouldn't start a war against bitcoin because they can treat bitcoin as their friend.
Bitcoin can be use as alternative money of the people to reduce producing money such as bills and coins. By this, we will reduce having debt in to World Bank.
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April 15, 2018, 04:37:22 PM
 #1043

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?

banksters were in a war against bitcoin when it was founded, even before they illegalised it and told the police to hunt down all that engage into financial system without a license (which they charged a huge amount of money of their own currency first)

the banksters however are extremly wastefull end inefficient they cant oppose bitcoin very well, what makes them even weaker are the laws especially copyright laws they are supposed to obey, so main thing they do now is try to hire or buy a blockchian startup to work for them.

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bitadviser
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April 15, 2018, 04:37:52 PM
 #1044

They will lose this war, not all of them ofc, they have to renew their business model, to keep the activities, anyway, it is a financial revolution, it cant be forever, old traditions die, new tehcnologies take the place.
jakoylantern
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April 15, 2018, 06:35:51 PM
 #1045

For me, banks and bitcoin started the war when bitcoin is introduce in this world. We all know that bitcoin is the first decentralized digital currency and aiming to become a worldwide payment system that can work without a single administrator or central banks. Bitcoin is created so that people have a freedom to transact their money will no fee and can’t control by the central banks or government sectors. Bitcoin face this issue a long time ago, and the result is excellent now there are some companies are willing to accept bitcoin as payment. But the war between bitcoin and banks is still ongoing but not in physically, but in the people who will they trust, use and accept. Smiley
3acaga
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April 15, 2018, 06:57:59 PM
 #1046

 A lot of people see bitcoin a metide save a modern and very generous money. 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 .
mariamiltoft
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April 17, 2018, 10:52:10 PM
 #1047

Banks will not declare war against cryptocurrency because they know the capacity and capabilities of the this new technology. I believe they will join the community because they will collapse if they go against it. Infact they already join the community, they came up with RIPPLE and  Stellar Lumens.
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April 18, 2018, 01:33:34 AM
 #1048

I believe that war against bitcoin wouldn't be happen because banks can treat bitcoin as its friend just look for the good side or benefits that they can get in crypto.
Do not think that bitcoin can totally replace the traditional money because it is very impossible to happen.
That is an unnecessary war for the bank when I saw that bitcoin was bringing a new future to the bank, it is offering the bank an opportunity to open a crypto storage service, this will bring a lot of good points to the bank, banks will not be foolish against their future. In the present time, Bitcoin is also contributing to help banks get more money when the cost of transferring money to buy Bitcoin is very much, and the bank is also helping the buying and selling Bitcoin becomes more convenient, both are in a cooperative relationship, meaningless battle will not occur
LOL, do you know Bitcoin became a tool for transferring money between countries with extremely low fees?
Bitcoin is more better than services of bank for transfering money.
You do not need to verify anything, but you can still send many money, even billion dollar through Bitcoin easily with a fee lower than $100.
I remember my friend had to pay for a one-day transaction from Asia to the US at a fees is 1.5% of total money transfer.  Roll Eyes
Nivir
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April 18, 2018, 01:40:45 AM
 #1049

Banks waging campaigns again bitcoin and other decentralized crypto actually started already. Although not all are doing these. Some banks are probably seeing a potential so they will just join the train and profit with it. I can picture these banks to have their own blockchains and crypto currencies in the future.
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