Are the banks going to kick-out bitcoin with their new digital coin

[digitx]

I don't think so - most banks are already digital. They use digital transfers to move money from location to location. The real benefit of Bitcoin is in its decentralised model and the ability to send it quickly for (relatively) low cost.

Of course that convenience is lowered by having to manage your own security (unless you get a web wallet). Opening a Bitcoin account takes seconds. Bank accounts - not so quick. Sending to anyone anywhere in the world takes a maximum of a few hours during busy times. Banks currently take days.

The problems isn't really the banks though - its more the layers of procedure and red-tape that are instituted to "stop" criminals. Bitcoin has auditability and complete traceability so can actually help law enforcement track payments without the need for regulation.

Unless there is a very compelling reason to switch (helicopter drops maybe???) I don't think Bitcoin is going to stop being used.

[TanyaDegurechaff]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

I can assure you that it will not succeed because of the following
* banks are centralized which means that every transaction you made is being monitored. And that alone contradicts the way cryptocurrecies work.
* not all people use the same bank so the transactions by using that coin is very limited compared to bitcoin.
* The source of your funds will be questioned if it reached a certain maount just like in fiat and the bank will decide whether to report you to the police if they believe you funds comes from illegal activities even if is not.
*banks are less secured compared to blockchain technology.
*the banks are the ones that going to process your transaction and not the miners so many people who mine will not entertain the banks coin.
*And for the last one
* banks are greedy bastards and will not increase the value of the coin to prevent them from loosing money over it and the price will be surely regulated by them.

[khaled0111]

It will be a complete failure. People use bitcoin because of anonymity, decentralization and low transaction fees, Banks will never create a cryptocurrency with such features because of their greed and stupid laws and let's not forget the interference between banks and governments.
The good thing is that Banks avow that Bitcoin is growing fastly and they can't stop it and that cryptocurrency is the future of finance.

[aar]

Are the banks going to kick-out bitcoin with their new digital con?i

No?

[richardsNY]

if all banks make one coin , yes will be kick-out bitcoin , but if every back make one coin to each , there is no sens of it i think

No. You don't get the point here. Bitcoin's major selling point is its decentralized nature. It allows people to store wealth, transact, communicate, store data, etc, all that outside the reach of banks and governments. It offers people a way to escape this broken system that only leads the far majority of the people to poverty. Governments and banks can come up with as many crypto currencies as they want, they will never be able to even slightly harm Bitcoin. If people didn't care about Bitcoin and its insanely powerful network, they would have jumped over to another coin years ago already. From there it's safe to say that even non banking and governmental issued altcoins will never have the chance to come even close to what Bitcoin is right now.

[deadsilent]

You know, there are saying that if you can't beat them, join them. That's what's happening right now.
Trying to be like any other cryptocurrencies. But they can't because the essence of cryptocurrency is not there. Cryptocurrencies are made for decentralization. Banks are against decentralization. So expect their cryptocurrency is centralized. What's the difference? No difference at all. They just imitate Bitcoin by using blockchain technology. I doesnt look enticing to customers. This is a joke. That's why i don't their project will be successful.  Cryptocurrency is unstoppable. But i think it's going to be a problem in the future. This must be supported by the government. This is great though. Atleast they are able to compete in a good manner. Not spreading FUDs to scare people.

[StockBet.com]

In his dreams.

The banks' blockchains are private. Bitcoin's blockchain is public.

[mastica]

Banks blockchain and trasactions will remain hiden from us, i dont see any other way to make their transactions. And the big question is why would we left our decentralized currencies to return into something that can be manipulated by banks, we do have already the fiat and we need them otherwise we would be already into digital transactions.

[Nerman]

Well they do not get it, bitcoins is really popular because of decentralization. No one owns bitcoin and that is the most appealing part about it. Unlike fiat and other CFD which they already control.  

I also think that since people are now investing in crypto they like to get a piece of the pie. They will basically control their coins and pump it and dump it. Greedy bastards they are not contented with their trillion of dollars.

[aardvark15]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

Blockchains that are run by banks are probably not open ledgers and they’re definitely not decentralized. Bitcoin and other decentralized cryptocurrencies have those two things that will separate them from a blockchain or coin run by a bank or government. I think the two things can exist but will have completely different purposes. Freedom, security, and privacy are things that Bitcoin provides while also being transparent in the way it operates. The banks will never be able to provide this because they will always have access to our funds if they run the blockchain.

[mr_enoc]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

I will always love the decentralized bitcoin than the other coin that will about to come that will be possibly managed by bank. It will surely a centralized one, i don't like that, what if my bitcoin will disappear.

[drwhobox]

They are going to be shitcoins to be honest. The reason behind why Satoshi Nakamoto and his team Build Bitcoin to remove the 3rd party. No banks would be in you when transacting (Decentralized). No one would support the banks project on making a cryptocurrency.

[King Sastro]

I'm sure it will be like that, of course banks will make better coins than bitcoin, using bitcoin is very risky because banks can not control the bitcoin so it is very dangerous if used.

[nofuture]

They are going to be shitcoins to be honest. The reason behind why Satoshi Nakamoto and his team Build Bitcoin to remove the 3rd party. No banks would be in you when transacting (Decentralized). No one would support the banks project on making a cryptocurrency.

Yes, I think so. If the banks launch their coins, I believe people won't welcome them as glad as Bitcoin. People don't want to be dependent on the third party.

[Sadlife]

First they critized blockchain and accused bitcoin as a ponzi scheme everyday then now their embracing the blockchain technology that bitcoin has and people loved. Is this some kind of a joke or this just mean that the blockchain technology is more superior to their fiat debt based system that is highly vulnerable to hackers no matter what they do they will lose to bitcoin over and over again unless they dont change how to currency to work. One of it's best example is bitcoin.

[ipanks]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

i only can said wow it should be a big plan from the banks the trying conquer the crypto currency and have a plan to kick out bitcoin from us. i think if we see the people society and their conditions, people now become smart and wants to know about something new and they want to learn so if the biggest banks really wants to beat bitcoin, then i think people will decide which one they want to use and they will compare between bitcoin and the new coins from the banks. but i don't think that the new coins from the banks will defeat bitcoin and only time will give the answer.

[GreenBits]

Hell to the yes they want to replace bitcoin with something more regulation friendly; bitcoin is too disruptive for banks to coexist along side it. It was literally designed to take the centralized features of a bank, usually the stuff they charge fees for. Since a semi anon currency that doesnt require AML/KYC procedures is the absolute antithesis of the way a bank operates, governments, which regulate banks, also arent too fond of bitcoin. So, if block chain technology is here to stay (it is), the only way for cryptos to be embraced by the banks is if they are designed in a more regulation friendly (read: centralized) way

[Carmen01]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

the bitcoin is good now so i think we can add more coins but i dont it will kick out the first coins and one more thing it cant be similar in bitcoin if they create a coins because that is not acceptable that is a bad case ,bitcoin give so much conveniece now i think creating a new coins is good but if they create this to kick out bitcoin that is not good

[Almat]

There's no way. The entire point of bitcoin is that you will no longer be in the power of central banks. There is no reason for users to play into their hands once more. They're wasting their time.

[Victorycoin]

if all banks make one coin , yes will be kick-out bitcoin , but if every back make one coin to each , there is no sens of it i think

No. You don't get the point here. Bitcoin's major selling point is its decentralized nature. It allows people to store wealth, transact, communicate, store data, etc, all that outside the reach of banks and governments. It offers people a way to escape this broken system that only leads the far majority of the people to poverty. Governments and banks can come up with as many crypto currencies as they want, they will never be able to even slightly harm Bitcoin. If people didn't care about Bitcoin and its insanely powerful network, they would have jumped over to another coin years ago already. From there it's safe to say that even non banking and governmental issued altcoins will never have the chance to come even close to what Bitcoin is right now.

Put in another way, Bitcoin gives people freedom from those banks and their masters - the governments, their callous interest rates and commissions. One does not have to look too far to see why they're whimpering - almost all the money now in cryptocurrencies, used to be in their vaults, which they used to create mindless credits over credits that got us in the financial crises we've been in, but that party is now coming to an end. Even a blind can tell when there's no salt in a soup, even so Bitcoin, representing the cryptocurrencies, is like a salt, anyone that tastes it, knows the difference and ever look back!