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Author Topic: You all ready for Banks War on BTC?  (Read 342 times)
fatalbert (OP)
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December 09, 2017, 10:20:33 PM
 #1

Satoshi embedded this in BTC code.  “Chancellor on brink of second bailout for banks”.

Satoshi was no fan of banks. And now we have Goldman Sachs coming to BTC's rescue via the futures.

This is for the CME only,

"In summary, here we have a new Bitcoin futures contract, a derivative on the global phenomenon that is Bitcoin, whose settlement price is based on a reference rate calculated in London by an unknown company whose sole director is from Goldman Sachs."

Goldman gonna be making any settlement price they want.

http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection
wellbit
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December 09, 2017, 10:42:06 PM
 #2

This is quite contradictory, because nakamoto projected bitcoin as a revolutionary trade system operated peer to peer without a third part to regulate and tax the transactions. But what we see today are exchanges that soon or later Will be heavely regulated and Banks willing to profit from something designed to exclude them... what a turnaround in history!
CrypticGambit
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December 09, 2017, 10:44:16 PM
 #3

Well I dont like the fact that the futures got introduced, this will mean that the institutions will no longer buy bitocin but some stupid contracts on cme which i dont like at all and it will be a huge dissapoitment,

hahahafr
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December 09, 2017, 10:46:49 PM
 #4

Wow, why there are so many newbie accounts creating fear over the price?

This is for the CME only,

Maybe this is a complot of Roger Ver and all the bcash lovers in order to bring down the price of bitcoin one more time.
It is very strange, on the main page of Bitcoin Discussion, ten of twenty threads are just talking about fear over the futures.
I really want it to be tomorrow, i will close the asses of all you who are talking about futures and that bitcoin will be killed.

There is never going to be a war against btc.




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wellbit
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December 10, 2017, 04:48:20 PM
 #5

Wow, why there are so many newbie accounts creating fear over the price?

This is for the CME only,

Maybe this is a complot of Roger Ver and all the bcash lovers in order to bring down the price of bitcoin one more time.
It is very strange, on the main page of Bitcoin Discussion, ten of twenty threads are just talking about fear over the futures.
I really want it to be tomorrow, i will close the asses of all you who are talking about futures and that bitcoin will be killed.

There is never going to be a war against btc.

Yeah, Roger Ver is clearly against Bitcoin sabotaging all the way in favor of Bitcoin Gold. He is insisting in a complo with some miners to create this instability and fears among people. 
squatz1
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December 10, 2017, 05:43:59 PM
 #6

This is quite contradictory, because nakamoto projected bitcoin as a revolutionary trade system operated peer to peer without a third part to regulate and tax the transactions. But what we see today are exchanges that soon or later Will be heavely regulated and Banks willing to profit from something designed to exclude them... what a turnaround in history!

Well he said no one could regulate Bitcoin (of course without controlling the network with the miners) but that doesn't mean that people can't regulate the purchasing of Bitcoin with fiat, so it's not like Bitcoin is REALLY being regulated with these new laws and such. It's the means of using your fiat currency to buy Bitcoin, which is being regulated. Evidently, this does make buying Bitcoin and getting more people, involved with Bitcoin much harder. As a lot of people aren't going to want to join into a project that the government isn't HAPPY with and is actively trying to hurt through regulation.

Bank war is inevitable, we're fighting them and they WILL fight back.




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Genosx
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December 11, 2017, 06:17:56 PM
 #7

Somehow today banks and bitcoin has a good relationship but I think sooner or later in future they will collide and sparks a fire between them.
Many commercial banks in the whole country or the world sees the great potential of bitcoin which can be threat from their success.
mintonsob
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January 06, 2018, 06:17:21 PM
 #8

Many are uncomfortable with the introduction of futures. This is because Bitcoin was designed not to have any ties with banks or have a central regulation system.
South Park
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January 06, 2018, 06:37:26 PM
 #9

This is quite contradictory, because nakamoto projected bitcoin as a revolutionary trade system operated peer to peer without a third part to regulate and tax the transactions. But what we see today are exchanges that soon or later Will be heavely regulated and Banks willing to profit from something designed to exclude them... what a turnaround in history!
In the future we will use decentralized exchanges, if you use fiat then you need to follow the rules of fiat and their creators, governments and banks, but if you use crypto you do not have to follow their rules, so whenever you can use only crypto and pay with it when you can.
catrin aja
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January 06, 2018, 07:34:28 PM
 #10

This is a propaganda to destroy public confidence in Bitcoin. Bitcoin was created against the dominance of corrupt banks, and the work system of Bitcoin and Bank is different. how can Bitcoin and Bank work together?
GoldMen
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January 06, 2018, 07:41:25 PM
 #11

Why would there be any war, While losing field (the bank), is a question that in any market there is competition, should only raise their options and improve
Empiretoken
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January 06, 2018, 08:06:48 PM
 #12

 Banks that are presently clamouring for the ban of Bitcoin have suddenly fallen
 in love with it and doesnt really have any option than to adopt it fully in their
 operation. Bitcoin is the only miracle that banks need to meet up with their
 financial obligation to their customers.
Skieleton
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January 06, 2018, 08:11:30 PM
 #13

This is a propaganda to destroy public confidence in Bitcoin. Bitcoin was created against the dominance of corrupt banks, and the work system of Bitcoin and Bank is different. how can Bitcoin and Bank work together?
I agree! The higher BTC price, the more attacked it will be. Banks will never accept BTC. This is competition.
Gwapo
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January 06, 2018, 08:18:07 PM
 #14

Banks will never gonna make negative impact into Bitcoin. It might be the other way round. Which means, buying, selling and trading bitcoins will be much more easier in a regulated way.

Moreover, banks might have other intentions by entering into Bitcoin and that is, by studying the blockchain technology and building their own blockchain based crytocurrency. Just like what ripple did.
Md.salauddin
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January 06, 2018, 08:44:52 PM
 #15

no way how may u say that . i dont think that There is never going to be a war against btc.
daenarys_stormborn
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January 06, 2018, 09:26:18 PM
 #16

I think that despite the war between banks and bitcoins, banks can not beat bitcoin, because banks can not do much, even though banks will raise interest rates for savings to attract people, even the bank itself will go bankrupt, because the bank will not be able to beat the bitcoin in terms of investment. i think bank should be cooperate with bitcoin, and utilize bitcoin, that's will be better

bitart
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January 06, 2018, 10:44:14 PM
 #17

I think that despite the war between banks and bitcoins, banks can not beat bitcoin, because banks can not do much, even though banks will raise interest rates for savings to attract people, even the bank itself will go bankrupt, because the bank will not be able to beat the bitcoin in terms of investment. i think bank should be cooperate with bitcoin, and utilize bitcoin, that's will be better
Banks don't care bitcoin, they care about their own system, and the development of an own blockchain system to cut the costs. Bitcoin is not yet the real competitor to them, but it can be in a few years time. As soon as the Lightning Network goes live (I don't mind if it lasts longer, there should be enough tests on the mainnet, or a bit more tests, because here we talk about huge amount of money), it will start to change the way people transfer money (there will be no need to use banks but the p2p solution with bitcoin will be easier and quicker). Of course, at first, the companies won't change, just the people, but that will have a huge impact on banks. That time they will realize the real potential in bitcoin.
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January 06, 2018, 10:58:01 PM
 #18

Wow, why there are so many newbie accounts creating fear over the price?

This is for the CME only,

Maybe this is a complot of Roger Ver and all the bcash lovers in order to bring down the price of bitcoin one more time.
It is very strange, on the main page of Bitcoin Discussion, ten of twenty threads are just talking about fear over the futures.
I really want it to be tomorrow, i will close the asses of all you who are talking about futures and that bitcoin will be killed.

There is never going to be a war against btc.
I highly doubt that it may be paid posts by the team against bitcoin.They just want to spread FUD against bitcoin.One interesting thing to note is that most of such posts against bitcoin are from newbie accounts.All they want is just to give a negative publicity to bitcoin.

Even now,recently we could see the altcoin ripple increasing in its market cap highly which is supported by almost most of the banks all around the world.

But still bitcoin continues to survive despite having a poor core team.

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January 07, 2018, 07:19:46 PM
 #19

Well I dont like the fact that the futures got introduced, this will mean that the institutions will no longer buy bitocin but some stupid contracts on cme which i dont like at all and it will be a huge dissapoitment,
They are trying to pull the same trick they pulled on gold, they are trying to make the price of bitcoin to go lower, but there is a key difference between gold and bitcoin, bitcoin is an online currency so selling it and buying it is a lot easier than gold and so their plan is going to fail.
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January 07, 2018, 07:29:20 PM
 #20

Its not yet possibility for that because without bank we cannot earn money for bitcoin. Because we are using bitcoin to exchange it into a cash and buy some other things. After 10yrs maybe were using now btc for all currency but we still have also the cash.
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