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Author Topic: Bitcoin can never be be mainstream, because bankers and corporations....  (Read 965 times)
jshealth
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June 07, 2018, 05:51:39 AM
 #41

It all depends on leadership of top deciding countries and business interests. If big businesses see economic benefits, then the business pressure groups can make it happen.
addeqt
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June 07, 2018, 05:58:28 AM
 #42

I think all opinion is allowed here in the forum. But to gain credibility and turn their head to your opinion, I think you need to include the link that discusses such details. I could agree that the banks are hesitant to embrace the crypto because they will be the first one that could be affected by the revolution you are talking about. However, even though they oppose it if there is a strong willingness of the community. The bank will follow its customers.
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June 08, 2018, 04:40:06 AM
 #43

We all have studied bitcoin economics deeply. Banks control governments, and governments make cruel rules for the cryptocurrency market. They make huge taxes for a little investors. We all know that cryptocurrencry aren’t in rule or regulations chain. We all are using bitcoin on our daily life basis.Still now Bitcoin is the mainstream of all the blockchain and also from banks and government.
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June 08, 2018, 05:10:40 AM
 #44

It's really hard to predict the future of technology, 70 years ago people were imagining flying cars and robots, but instead we have smartphones and the Internet. Every emerging technology has its own optimists who thing it will be globally adopted by almost everyone and pessimists who think that it will fail, but often times the truth can be somewhere in the middle. I personally think that Bitcoin will have varying success, it will be used more in certain countries and by certain groups of people, and less by the others. It won't replace fiat in our lifetime, but it's also not that likely to fail, because it's really working, it's useful and it was meant to be resistant to attacks, and it's resistance has already been tested in some cases.
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June 08, 2018, 06:52:20 PM
 #45

Good luck to them banks and corporations! No harm in trying to stop something that is bound to happen sooner or later.  Smiley

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Dudeperfect
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June 09, 2018, 05:19:45 PM
 #46

Look, we are still the initial phase of development and hence we don't have that much utility value that will allow us to make decisions based on the outcomes. It's not just about the technological advancement but we are struggling with the philosophy of centralization. Thus, centralized authorities like banks and governments would never support us (with few exceptions to it) but that doesn't mean Bitcoin or crypto industry will never grow. In fact, we have seen exponential growth since inception and I don't see any reason for this growth to stop anywhere in the next decade.
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June 09, 2018, 05:30:35 PM
 #47

Bitcoins anonymous and freedom it gives to its users are the main reason it won't go to mainstream. Bankers and government won't let it be in order to bring down government and banks monetary policies.
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June 09, 2018, 06:11:11 PM
 #48

Bankers and corporations already have little opportunity to resist the introduction of crypto currency into our lives. States are forced to recognize the crypto currency in their territory and take certain measures to legalize it under the pressure of their citizens, who are actively defending their rights to engage in crypto-currency activities. When legalization is basically completed, banks will have to accept the existence of crypto currency and will themselves provide various services in the crypto currency.

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June 09, 2018, 06:54:33 PM
 #49

Bankers and corporations have no effect on bitcoins going mainstream. Since the last years of bitcoin existence. It has experience a lot of opposition from bankers yet today more people know of bitcoins than any other cryptocurrency or online currency.
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June 09, 2018, 07:24:09 PM
 #50

indeed, until now saw Bankers and companies already have a chance to receive crypto currency but what has happened many of them deny their existence and many countries have been given the opportunity to accept existence but all very difficult many of the reasons they spend to receive krypto money and this is something wrong for me but hope if they will soon legalize bitcoin.

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Daniel91
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June 09, 2018, 07:31:50 PM
 #51

It's very simple really.
In the real world, we know who is behind any currency, who is buyer and seller in each transaction, who is responsible for regulation, and if any conflict happen, which court is responsible.
So, do you really believe that some serious businessman will risk let's say 1 million $ or more, invest it in bitcoin and if someone cheat him, he can't do nothing about it?
No way!
There is no responsible bank or financial institution behind bitcoin, no regulation, no legal protection, nothing.
So, it's obvious why bankers and corporations will never accept bitcoin.


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June 21, 2018, 12:57:06 PM
 #52

It is my belive that Cryptocurrency and Bitcoin will become a mainstream currency but it will take some time. There is endless potential in Bitcoin. After solving some issues in their usage, we will be able to use Bitcoin in the mainstream.
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June 21, 2018, 01:44:00 PM
 #53

Also it almost goes without saying that bankers and people in the business of making money off of financial transactions will welcome new ways for them to make money. That's one thing I never understood about everyone thinking and saying that Bitcoin is somehow opposed to banks and such. When in reality it's almost a dream for them since it's quite difficult for the average person to manage and providing safe storage and financial advice is exactly what business the banks are in. So no reason to think why they won't welcome new ways to make money with open arms in my opinion.
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June 21, 2018, 06:29:20 PM
 #54

Bankers and corporations will have no choice but to embrace bitcoin. They’re just delaying the inevitable. Not even with the help of negative articles on bitcoin by their friends in mainstream media. Cryptocurrency will become mainstream. As mainstream as their friends in the media.  Cheesy

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June 24, 2018, 09:31:54 PM
 #55

Bitcoin was thought to be a failed attempt to overtake banks when it was valued at a few dollars in 2009. But the fact that the money could be transferred anywhere around the world without going through any banks and this too in the safest way possible where the transaction record is untampered.
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July 01, 2018, 10:58:13 PM
 #56

It's not debate on this topic, bitcoin is already in the mainstream culture, one unit of its currency is valued at more than 6500 usd as of today and is the sixth most used currency in the world, it is mainstream culture already which is one the verge of international penetration.
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August 29, 2018, 06:17:59 AM
 #57

 I could agree that the banks are hesitant to embrace the crypto because they will be the first one that could be affected by the revolution you are talking about. It's not just about the technological advancement.
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September 01, 2018, 12:10:45 PM
 #58

This article is based on present situation but if we think of the future then we can easily predict that bitcoin obviously become mainstream.
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September 01, 2018, 01:26:39 PM
 #59

Even if Bitcoin or cryptocurrency in general doesn't go mainstream, it still will be implemented in few industries/platforms . Cryptocurrency trading will never stop because cryptocurrencies are a great way for a government to tax the people, track the black money etc... If cryptocurrencies are banned the governments will never be able to track any black money in the market. So I believe both the fiat and crypto will walk side by side in the future.

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September 04, 2018, 09:31:34 AM
 #60

Bitcoin does not need to be the mainstream payment coin. Its value is greater than the coins paid. Bitcoin will only be more expensive.
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