Bitcoin Forum
September 22, 2018, 05:58:56 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 »  All
  Print  
Author Topic: Why Banks are attacking Bitcoin ?  (Read 1676 times)
JTEN18
Full Member
***
Offline Offline

Activity: 375
Merit: 101


View Profile
March 02, 2018, 02:44:05 AM
 #81


The fact is that banks are part of the public management system. National banks regulate the issue and turnover of national currency and bitcoin is an alternative to the banking structure and at the same time it is not under the control of the state!

This is the reason for the attacks
We do respect them that banks are having a negative side when it comes to cryptocurrency, since it is hard for the government to create regulation on it since they don't control the price, I am just hoping that one day crypto and banks unite and we can freely transact crypto in bank.
1537639136
Hero Member
*
Offline Offline

Posts: 1537639136

View Profile Personal Message (Offline)

Ignore
1537639136
Reply with quote  #2

1537639136
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537639136
Hero Member
*
Offline Offline

Posts: 1537639136

View Profile Personal Message (Offline)

Ignore
1537639136
Reply with quote  #2

1537639136
Report to moderator
shaheer001
Full Member
***
Offline Offline

Activity: 406
Merit: 100



View Profile
March 02, 2018, 03:40:43 AM
 #82

Actually bank controls your money(fiat currency) But Bitcoin is decentralized and every person who hold is the only controller and beneficial so Banks are afraid of Bitcoin due to its total control by its community and total profit is also goes to holder.

Oasisman
Sr. Member
****
Online Online

Activity: 658
Merit: 253

Hodl tight, Fight the bear!


View Profile
March 02, 2018, 05:41:55 AM
 #83

Day by day we are getting news like , this country reject bitcoin that country accept Bitcoin. Technically it stands a contrast perspective with the Central Bank and the economy of the country. But as I love BITCOIN , I pray Every single country will accept BITCOIN one day.

No Liabilities or debt with BITCOIN:

Bitcoin is a conveyor machine, meaning that there are no liabilities or debts associated with it. You can't get loan from it , or you can't get profit through interest.  If you hold it, it’s yours. And as such, there can be no run on a “bitcoin bank.” It's Independent.

Bitcoin is considered as Fiat Currency :
Of course you can assume,  holding bitcoin superior in many ways to holding fiat currency in a deposit account. Here Fiat currency are those which can not be backed by commodities . It has all the benefits without the risk of capital controls. Because of this, the growth of bitcoin is sucking value out of national currencies. The higher capital will rise the higher value it will get.

The Capital is really HUGE
I think there is now more than $70B worth of bitcoin sitting in bitcoin wallets.One thing to consider here , the asset is not under any management. So we can call it AUP (Asset Under Management ) , but we can call it Assets Under Protection (AUP). And here is where the risk to traditional banking resides. What does a world look like when a simple bitcoin wallet is indirectly protecting as much money as big giant companies , organizations like  Bank of America or Fargo etc.

Wallet Becomes Bank
At that point that wallet becomes a bank, Haha , a newer form of bank with decentralized function, with different rules, operations, and monetization policy.

The Last Reason-  PEOPLES LOVE BITCOIN
The real reason that banks should worry about People loves BITCOIN. People always love easy process, better stability and full control. All things are available in this case. Bitcoin actually threatens the bedrock policy  and business model of Banks. That's why Banks are attacking Bitcoin.

I am trying to write good article and trying to research more to build good article. Really dreaming to get first MERIT. Thanks you guys. (Forgive me for any mistake)
Cheesy Cheesy Cheesy

This topic has been discussed many times already, but in fairness to your research you made a very strong point. This is just few of the reasons why there are countries and banks  who hates and ban Bitcoin. In my own point of view the MAIN reason why the central banks as well as the government hate Bitcoin and get rid of it as possible as they can, is because they are afraid that they cannot control every individual in a society financially.
Thanasis
Hero Member
*****
Offline Offline

Activity: 1346
Merit: 505



View Profile
March 02, 2018, 04:42:58 PM
 #84

Simply bitcoin will replace the banking system if they allows it for some more years that is the main reason they are against the bitcoin,but many governments are regulating the crypto currencies so banks can't do any thing if the crypto currencies are taxed in that country.

        ▄▄███████████▄▄
     ▄██▀▀           ▀▀██▄
   ▄█▀   ▄▄█████████▄▄   ▀█▄
  █▀  ▄███████▌ █▌ █████▄  ▀█
 █▀  ██  ██         ▀█████  ▀█
▐█  ██▀▀█████   ▄▄▄   █████  █▌
█▌ ▐██▄▄████▌  ████   █████▌ ▐█
█  ███  ████        ▄███████  █
█▌ ▐█▀▀████▌   ▄▄▄  ▀██████▌ ▐█
▐█  █▄▄████   ████   ▐█████  █▌
 █▄  ████           ▄█████  ▄█
  █▄  ▀████  ███  ██████▀  ▄█
   ▀█▄   ▀▀█████████▀▀   ▄█▀
     ▀██▄▄           ▄▄██▀
        ▀▀███████████▀▀
bitcore.
...The Future Is Now...
▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄

        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
                 ▄▄██
 ▄██████████████████████▄
█▀         ▄▄██▀▀   ██  ▀█
█▄     ▄▄██▀▀        ██  █
█▀█████████████████████████▄
█                          ▀█
█                           █
█              ▄████▄       █
█             ██▀  ▀██      █
█            ▐█▌    ▐████████
█             ██▄  ▄██      █
█              ▀████▀       █
█                           █
█▄                         ▄█
 ▀█████████████████████████▀
.
iOs
Android

        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███               ███
▐██   ▐█▄   ▄███▄   ██▌
██▌    ███▄██████▀  ▐██
██▌    ▐████████    ▐██
▐██     ▐██████     ██▌
 ███   ▀█████▀     ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███       ▄███    ███
▐██       █████     ██▌
██▌       ███       ▐██
██▌     ███████     ▐██
▐██       ███       ██▌
 ███      ███      ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███         ▄▄█▌  ███
▐██      ▄▄█████    ██▌
██▌   ▄████████     ▐██
██▌  ▐████████      ▐██
▐██    ▀▀████       ██▌
 ███     ▀██       ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀
Website
ANN
Block Explorer
Kambal2000
Sr. Member
****
Offline Offline

Activity: 546
Merit: 256


View Profile
March 02, 2018, 04:55:14 PM
 #85


This topic has been discussed many times already, but in fairness to your research you made a very strong point. This is just few of the reasons why there are countries and banks  who hates and ban Bitcoin. In my own point of view the MAIN reason why the central banks as well as the government hate Bitcoin and get rid of it as possible as they can, is because they are afraid that they cannot control every individual in a society financially.
They don't know how bitcoin affects their system and the economy, and if I were the bank also and don't know bitcoin yet I would suggest not to do crpto especially when I have seen that the number of investors in the stock market were decreasing I will conduct study first if the dump has something against cryptocurrency.
Lwtelencio
Member
**
Offline Offline

Activity: 185
Merit: 10


View Profile
March 03, 2018, 12:44:59 PM
 #86

Day by day we are getting news like , this country reject bitcoin that country accept Bitcoin. Technically it stands a contrast perspective with the Central Bank and the economy of the country. But as I love BITCOIN , I pray Every single country will accept BITCOIN one day.

No Liabilities or debt with BITCOIN:

Bitcoin is a conveyor machine, meaning that there are no liabilities or debts associated with it. You can't get loan from it , or you can't get profit through interest.  If you hold it, it’s yours. And as such, there can be no run on a “bitcoin bank.” It's Independent.

Bitcoin is considered as Fiat Currency :
Of course you can assume,  holding bitcoin superior in many ways to holding fiat currency in a deposit account. Here Fiat currency are those which can not be backed by commodities . It has all the benefits without the risk of capital controls. Because of this, the growth of bitcoin is sucking value out of national currencies. The higher capital will rise the higher value it will get.

The Capital is really HUGE
I think there is now more than $70B worth of bitcoin sitting in bitcoin wallets.One thing to consider here , the asset is not under any management. So we can call it AUP (Asset Under Management ) , but we can call it Assets Under Protection (AUP). And here is where the risk to traditional banking resides. What does a world look like when a simple bitcoin wallet is indirectly protecting as much money as big giant companies , organizations like  Bank of America or Fargo etc.

Wallet Becomes Bank
At that point that wallet becomes a bank, Haha , a newer form of bank with decentralized function, with different rules, operations, and monetization policy.

The Last Reason-  PEOPLES LOVE BITCOIN
The real reason that banks should worry about People loves BITCOIN. People always love easy process, better stability and full control. All things are available in this case. Bitcoin actually threatens the bedrock policy  and business model of Banks. That's why Banks are attacking Bitcoin.

I am trying to write good article and trying to research more to build good article. Really dreaming to get first MERIT. Thanks you guys. (Forgive me for any mistake)
Cheesy Cheesy Cheesy
Maybe some reason why bank are attacking bitcoin are the loss of their profits, it is because bitcoin is decentralized cryptocurrencies and allowing people to trade directly with each other without any papers agreement. The bank against bitcoin because they cannot collect a charge fees for doing anything with money or maybe they scared when the time comes, lot of people will divert their money deposit unto bitcoin.

T O W E R B E E      |  PLATFORM FOR EVERYDAY BUSINESS      [ TowerX ]
▬▬▬▬▬▬▬▬▬        ICO  >  on our exchange TowerX        ▬▬▬▬▬▬▬▬▬
FACEBOOK        MEDIUM        TWITTER        LINKEDIN        REDDIT        TELEGRAM
Lampaster
Sr. Member
****
Offline Offline

Activity: 406
Merit: 255


View Profile
March 03, 2018, 04:37:29 PM
 #87


This topic has been discussed many times already, but in fairness to your research you made a very strong point. This is just few of the reasons why there are countries and banks  who hates and ban Bitcoin. In my own point of view the MAIN reason why the central banks as well as the government hate Bitcoin and get rid of it as possible as they can, is because they are afraid that they cannot control every individual in a society financially.
They don't know how bitcoin affects their system and the economy, and if I were the bank also and don't know bitcoin yet I would suggest not to do crpto especially when I have seen that the number of investors in the stock market were decreasing I will conduct study first if the dump has something against cryptocurrency.
Why do you think they don't know the consequences? Bankers are not fools. They can count better than us all. Bitcoin is killing the traditional markets bankers. Now these volumes are not critical. So bankers can be better prepared for war. Bitcoin users are busy with their enrichment and do not see the approaching threat. I am very sorry that we are not United in the face of danger.
Leyss
Member
**
Offline Offline

Activity: 350
Merit: 12

DATABLOCKCHAIN SALE IS LIVE | MVP @ DBC.IO


View Profile
March 04, 2018, 07:13:28 AM
 #88

Crypto currency completely violates the established by the centuries methods and rules of financial settlements between individuals and legal entities in any country. Being by nature very conservative, banks do not like anything new. In addition, they always worked with secured money. Crypto currency for banks is not only a completely new phenomenon, but also unacceptable according to existing rules and instructions.
However, the main reason why banks are attacking the crypto currency is that the crypto currency attracts more and more people and they stop using the services of banks and they lose their profits from this. Because of this, representatives of banks almost always criticize the crypto currency from their outdated position, often going into lies and ordering and spreading about the crypto currency of false negative information, as it was recently with the Polish bank, which for 30,000 dollars ordered the spreading of false negative information on social networks crypto currency.

goaldigger
Full Member
***
Offline Offline

Activity: 364
Merit: 106



View Profile
March 04, 2018, 08:07:06 AM
 #89

I dont see anything wrong about bitcoin except it is a threat to banking system. All theories are contradictory to cryptocurrency. Banks have a centralized system while crypto is not. If banks accept bitcoin on their system, then all countries will make it legal. People would choose decentralize system with freedom rather than system full of rules. This is why more people choose crypto rather than banks , and banks didnt want it.

TRADE, EARN & OWN THE EXCHANGE             M o o n X             [      ●     JOIN ICO   -   S O O N     ●      ]
──────────         WHITEPAPER         FACEBOOK         TWITTER         LINKEDIN         TELEGRAM         CRUNCHBASE         ──────────
│       No Trading or ICO Listing Fees       │       Superior to Nasdaq & LSE       │       US$ 29M Raised in 2 Weeks!       │
TURCAN
Full Member
***
Offline Offline

Activity: 227
Merit: 100


View Profile
March 13, 2018, 07:28:08 PM
 #90

There are a lot of reasons for the bank's bitcoin attacks. The banks are not happy because their customers are not getting enough money
DeadCoin
Sr. Member
****
Offline Offline

Activity: 532
Merit: 253



View Profile
March 13, 2018, 11:52:52 PM
 #91

At the end its business. Fiats are the competitors of crypto currencies. If the government allows crypto currencies occupy the market, fiats will lose its value, When it loses value the economy of the country will be at toss. Hence the government is not allowing bitcoin or any other currencies into its country. Though they welcome bitcoin by creating their own crypto currencies, they do not accept bitcoin. This is the reason banks do not appreciate bitcoin to enter into the market.

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
|FREETRADING &
ICO LISTING
|SUPERIORTO NASDAQ
AND LSE
|US$ 29MRAISED IN
2 WEEKS
|
[]
BOOYAH787
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
March 14, 2018, 03:42:19 AM
 #92



Activity: 56
Merit: 0


View Profile  Personal Message (Offline)

Ignore
   
Re: Why Banks are attacking Bitcoin ?
February 03, 2018, 09:56:33 PM
Reply with quote  #2
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.
Lieldoryn
Sr. Member
****
Offline Offline

Activity: 602
Merit: 272



View Profile
March 14, 2018, 09:56:59 AM
 #93

I dont see anything wrong about bitcoin except it is a threat to banking system. All theories are contradictory to cryptocurrency. Banks have a centralized system while crypto is not. If banks accept bitcoin on their system, then all countries will make it legal. People would choose decentralize system with freedom rather than system full of rules. This is why more people choose crypto rather than banks , and banks didnt want it.
All people who use bitcoin do not give up Fiat money. Therefore, bitcoin is not a direct competitor for Fiat. But banks may lose their working capital. Why keep money in banks and fear that they will be blocked or will get under a press of tax. Banks are becoming an extra link. People do not need intermediaries that are very expensive.

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
|FREETRADING &
ICO LISTING
|SUPERIORTO NASDAQ
AND LSE
|US$ 29MRAISED IN
2 WEEKS
|
[]
Marcsymon
Member
**
Offline Offline

Activity: 210
Merit: 10

ADAB-First crypto exchange Islamic Crypto exchange


View Profile
March 14, 2018, 10:52:34 AM
 #94

Day by day we are getting news like , this country reject bitcoin that country accept Bitcoin. Technically it stands a contrast perspective with the Central Bank and the economy of the country. But as I love BITCOIN , I pray Every single country will accept BITCOIN one day.

No Liabilities or debt with BITCOIN:

Bitcoin is a conveyor machine, meaning that there are no liabilities or debts associated with it. You can't get loan from it , or you can't get profit through interest.  If you hold it, it’s yours. And as such, there can be no run on a “bitcoin bank.” It's Independent.

Bitcoin is considered as Fiat Currency :
Of course you can assume,  holding bitcoin superior in many ways to holding fiat currency in a deposit account. Here Fiat currency are those which can not be backed by commodities . It has all the benefits without the risk of capital controls. Because of this, the growth of bitcoin is sucking value out of national currencies. The higher capital will rise the higher value it will get.

The Capital is really HUGE
I think there is now more than $70B worth of bitcoin sitting in bitcoin wallets.One thing to consider here , the asset is not under any management. So we can call it AUP (Asset Under Management ) , but we can call it Assets Under Protection (AUP). And here is where the risk to traditional banking resides. What does a world look like when a simple bitcoin wallet is indirectly protecting as much money as big giant companies , organizations like  Bank of America or Fargo etc.

Wallet Becomes Bank
At that point that wallet becomes a bank, Haha , a newer form of bank with decentralized function, with different rules, operations, and monetization policy.

The Last Reason-  PEOPLES LOVE BITCOIN
The real reason that banks should worry about People loves BITCOIN. People always love easy process, better stability and full control. All things are available in this case. Bitcoin actually threatens the bedrock policy  and business model of Banks. That's why Banks are attacking Bitcoin.

I am trying to write good article and trying to research more to build good article. Really dreaming to get first MERIT. Thanks you guys. (Forgive me for any mistake)
Cheesy Cheesy Cheesy


Very true but banks are not united of this so-called stand against Bitcoin because here in our country, our banks are fully supporting Bitcoin in which most of the major banks are in partnership with our local exchanges that we could use their cash out facilities anytime and anywhere in the country. In addition, our central bank is in support to legalize bitcoin in our country so that it could be regulate. So therefore not all banks is not against Bitcoin.

glowing10
Full Member
***
Offline Offline

Activity: 434
Merit: 121



View Profile
March 14, 2018, 05:06:35 PM
 #95

Actually bank controls your money(fiat currency) But Bitcoin is decentralized and every person who hold is the only controller and beneficial so Banks are afraid of Bitcoin due to its total control by its community and total profit is also goes to holder.

They want to control everything and thus as bitcoin cannot be regulated as such they are having issues with this. Also it is better to transfer money and with less fees thus banks lose out he money making opportunity as people have started using btc rather than official banking channels.

TRADE, EARN & OWN THE EXCHANGE             M o o n X             [      ●     JOIN ICO   -   S O O N     ●      ]
──────────         WHITEPAPER         FACEBOOK         TWITTER         LINKEDIN         TELEGRAM         CRUNCHBASE         ──────────
│       No Trading or ICO Listing Fees       │       Superior to Nasdaq & LSE       │       US$ 29M Raised in 2 Weeks!       │
enhu
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


JOIN THE NEXT MEGATREND IN CRYPTO!


View Profile
March 14, 2018, 05:11:51 PM
 #96

Actually bank controls your money(fiat currency) But Bitcoin is decentralized and every person who hold is the only controller and beneficial so Banks are afraid of Bitcoin due to its total control by its community and total profit is also goes to holder.

They want to control everything and thus as bitcoin cannot be regulated as such they are having issues with this. Also it is better to transfer money and with less fees thus banks lose out he money making opportunity as people have started using btc rather than official banking channels.


Its probably not surprising to us if banks are going to buy all the BTC to have the control over this craze. Its going to be unfortunate to them still because there are tons of altcions rising apart from bitcoin. They are currently trying to also have their own though, some are also trying XRP, I think they are going to dominate son when all is well with XRP. And when this happen I think the attack on BTC may stop.

|


      █████████████▅▄
     ██████████████▅▄
                  ██▆
                   ███
                   ███
                   ███
                   ███
                   ███
                   ███
                   ███
                   ███
                  ███
 ██████████████████▀
██████████████████▀



 ███████████
█████████████




█████████████
█████████████




█████████████
 ███████████



   ▆████████████████
 ▆▆████████████████
███▀
███
███
███▄
 ▀▀███████████████▆▄
  ▀███████████████▅▄
                 ▀███
                  ███
                  ███
                ▄████
 █████████████████▀▀
 █████████████████▀



███
███
███
███
███
███
███
███
███
███
███
███
███
███



   ▆███████████
 ▆▆███████████
███▀
███
███
███
███
███
███
███
███
███▄
 ▀▀█████████████
  ▀█████████████



   ▆████████████▆
 ▆▆█████████████▆▆
███▀             ▀███
███               ███
███               ███
███               ███
███               ███
███               ███
███               ███
███               ███
███               ███
███▄             ▄███
 ▀▀███████████████▀▀
  ▀███████████████▀
|
sindikat
Full Member
***
Offline Offline

Activity: 336
Merit: 106


View Profile
March 14, 2018, 08:31:15 PM
 #97

Actually bank controls your money(fiat currency) But Bitcoin is decentralized and every person who hold is the only controller and beneficial so Banks are afraid of Bitcoin due to its total control by its community and total profit is also goes to holder.

They want to control everything and thus as bitcoin cannot be regulated as such they are having issues with this. Also it is better to transfer money and with less fees thus banks lose out he money making opportunity as people have started using btc rather than official banking channels.


Its probably not surprising to us if banks are going to buy all the BTC to have the control over this craze. Its going to be unfortunate to them still because there are tons of altcions rising apart from bitcoin. They are currently trying to also have their own though, some are also trying XRP, I think they are going to dominate son when all is well with XRP. And when this happen I think the attack on BTC may stop.
How can banks buy all bitcoins? That isn't possible. In order to destroy bitcoin banks have to buy all the coins and put them on hold. Imagine how the price of bitcoins will rise in such a situation. The last coins will be sold for billions of dollars. After that, Satoshi Nakomoto 2 will appear and say that he created a more modern bitcoin. There's never gonna be one.
amzad
Member
**
Offline Offline

Activity: 177
Merit: 10


View Profile
March 15, 2018, 10:42:14 AM
 #98

Big Banks want to destroy Bitcoin before it destroys them.
Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks.
That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges, as the Chinese government has announced recently, crushing cryptocurrencies.
Theb
Sr. Member
****
Offline Offline

Activity: 686
Merit: 319



View Profile
March 15, 2018, 11:20:01 AM
 #99

I can't say that majority of the central banks of different nations are directly shutting down Bitcoin. Only a few of them officially do not recognize Bitcoin as a mode of payment. Most of the central bank is doing are issuing warnings to their citizens about the common scams associated to Bitcoin and other cryptocurrencies. This are of course investment schemes such as HYIPs and cloud mining sites. What I can say about that is not a direct threat to Bitcoin but rather a notice to the greater welfare of their citizens.

FORTUNEJACK
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
marcbitcoins
Full Member
***
Offline Offline

Activity: 420
Merit: 107


“The Future of Security Tokens”


View Profile WWW
March 15, 2018, 12:08:28 PM
 #100


The fact is that banks are part of the public management system. National banks regulate the issue and turnover of national currency and bitcoin is an alternative to the banking structure and at the same time it is not under the control of the state!

This is the reason for the attacks

But after all of these aspects i wonder if all banks are in common stand against Bitcoin because here in our country our Central Banks are in full support of Bitcoin even due it is not yet legalize by our government. Many major banks here are in partnership with our major local exchange in which we could use the banks withdrawal facilities in order for us to easily to cash out our converted Bitcoins. So for me, not all banks are threaten of Bitcoin existence but only few of them i think.

Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!