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Author Topic: Why Banks are attacking Bitcoin ?  (Read 2953 times)
Oliveir
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June 30, 2018, 07:02:34 PM
 #321

Actually they are not attacking Bitcoin, they were just not sure about how to make regulation directly to block chain, but as  of today they are now open to this kind of issues and topic because many bank user are now involving to crypto with their money instead of investing on bank.
There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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digroske
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July 04, 2018, 11:23:29 AM
 #322

There was an impression that banks do not like bitcoin. All this is connected with criticism and negative news from banks.
It's very simple - in a certain period of time it is advantageous for banks to lower the bitcoin rate to buy cheaper. This is normal trading or investing. No more.
Bitcoin threatens the stability of the existing scheme of banks. And also contributes to the outflow of customers for banks. all this, naturally does not like the banking system.
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July 04, 2018, 01:05:55 PM
 #323

The main reason (why banks don't like btc and other cryptos) is the loss of profits.
Transactions made via blockchain kills transactions made via banks.

But the topic is essential! It should be upped!

Agree! We all must take a piece of world money pie (from banks) by using crypto assets.
it would happen if bitcoin is already widely used by everyone because bitcoin has its own wallet to save money so the bank is no longer needed.

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vessing
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July 10, 2018, 07:04:26 PM
 #324

In order to understand - what is bitcoin in the role of money (although this is just one of the possible uses of bitcoin) you need to understand - What is money at all.
The majority will say: "I know what money is!", And at best will enumerate the definitions and functions of money from the textbook on economics
Yurkov
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July 10, 2018, 07:21:20 PM
 #325

Actually they are not attacking Bitcoin, they were just not sure about how to make regulation directly to block chain, but as  of today they are now open to this kind of issues and topic because many bank user are now involving to crypto with their money instead of investing on bank.
That is in some way true but for me banks are trying to make their "services" better and gain bigger amount of customers than crypto has, that is a little battle but for me crypto will be the winner at the end.

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smiledeveloper
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July 14, 2018, 05:05:37 AM
 #326

Actually day by day people are loving  Bitcoin or other crypto currencies. People are fond of it that's why banks are attacking bitcoin to gain profit again.
Banks are facing loss of profits. Now a days huge transaction made by bitcoin or other virtual cryptos.

So, Transactions made via Bitcoin or other cryptos kills transactions made via banks.

But the topic is essential! It should be upped!
Faeton
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July 14, 2018, 07:44:37 AM
 #327

Bitcoin and other crypto currency are strong competitors of banks, because many people stop using banking services and switch to using crypto currency. From this, bankers lose customers and their profits. Therefore, they try to blacken the crypto currency and turn people away from using it. However, this will happen as long as the state does not legalize the crypto currency. After that, they will be forced to cooperate with the crypto currency and provide various services with its use.

Bitknick
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July 14, 2018, 08:27:21 AM
 #328

Just when bitcoin comes into circulation, banks will lose all their profits and will remain at zero!

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July 15, 2018, 02:55:35 AM
 #329

Banks does not exactly hate Bitcoin is itself. What the banks hate is how the crypto world works and these includes how bitcoin transactions are made. But bitcoin cannot defeat a fiat currency use by banks, unless the use of bitcoin is legalize in that country. In that instance, there would really be competition on the popularity of bitcoin and the banks.
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July 15, 2018, 07:01:27 PM
 #330

Banks does not exactly hate Bitcoin is itself. What the banks hate is how the crypto world works and these includes how bitcoin transactions are made. But bitcoin cannot defeat a fiat currency use by banks, unless the use of bitcoin is legalize in that country. In that instance, there would really be competition on the popularity of bitcoin and the banks.
You are explaining something which is entirely contradicting on your statement. They do hate bitcoin because its just all the same when we do talk about crypto since bitcoin is the only coin in the market that do able to create such payment system which is basically affecting bank sectors in regards with payment system.
Its just normal for them to react and it is already an anticipated thing for them to do.

idex100
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July 15, 2018, 07:04:04 PM
 #331

The scheme of things is that one would always attack what one believes to be a competition in order to kill it.That is the current relationship of btc with banks,Banks see btc as a competition
longrhm0
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July 16, 2018, 02:05:38 AM
 #332

you have point out such a lot of motives why banks attacks bitcoin and crypto forex in fashionable but one the fundamental motives why banks attacks crypto currency is that bitcoin and crypto forex is will on the end soak up their activity and commercial enterprise if usually followed via all the government of the arena.
East2011
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July 16, 2018, 11:56:04 AM
 #333

Banks don't want any competition between them and bitcoin. So they are always  attacking bitcoin. They want to put bitcoin down. Because they are afraid in bitcoin.

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tylor4343
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July 17, 2018, 04:48:02 PM
 #334

These banks are always dictating the world especially on the financially side which influenced nearly every events and actions. These banks are the ones holding and controlling governments. So these banks wanted everything new to be controllable and something that they can also benefit.
LuckyMan21
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July 17, 2018, 06:26:41 PM
 #335

The fact is that banks are not profitable from the crypto currency. Banks make money on ordinary money and want to continue doing it
frankiemalton
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July 17, 2018, 06:53:53 PM
 #336

To be fair, bankers aren’t the only ones that have raised their level of scepticism about the rapid to ascend of Bitcoin and other digital currencies.
smiledeveloper
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July 19, 2018, 09:40:53 AM
 #337

Hey Buddy,
Simple, Banks are losing their profit only because of Bitcoin. Day by day people are more interesting to deal with bitcoin. Investment are increasing gradually where Banks are losing investment from their client. Banks already made a statement that Bitcoin is their competitor to this modern World. Because it's nearest future that people only dealing with Cryptos/ Bitcoin they won't be able to see physical money.

Banks are frustrated by losing their profit.
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July 19, 2018, 01:09:21 PM
 #338

Hey Buddy,
Simple, Banks are losing their profit only because of Bitcoin. Day by day people are more interesting to deal with bitcoin. Investment are increasing gradually where Banks are losing investment from their client. Banks already made a statement that Bitcoin is their competitor to this modern World. Because it's nearest future that people only dealing with Cryptos/ Bitcoin they won't be able to see physical money.

Banks are frustrated by losing their profit.
Yes that is so simple,if bitcoin is their enemy if them then it is normal that they are attacking it and making it as a bad thing among people.

But now a days the bitcoin has a spot in the modern world and people will get adopt to the new system gradually so they are getting more scared that their extinction is very near,

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August 22, 2018, 11:11:40 AM
 #339

Bitcoin technology, unlike banks, is decentralized, anonymous and uses a minimum transaction fee. Any person, regardless of status and financial position, can send money in any quantity to any part of the planet. Against bitcoins, war is waged not only by banks, but also by the government, as governments and banks work together.
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August 23, 2018, 03:29:55 AM
 #340

Bitcoin is a competitor to banks and their industries. But it is also clearly seen that the banks themselves do not want to kill bitcoin, I think they want to exist together but dominating the cryptocurrency.
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