luffyzxc
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August 22, 2018, 08:02:52 AM |
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Its no for me, because bitcoin has a good intention to people specially in our society and to our country because bitcoin theres so many people they help to be a successful in life, i dont wanna listen to the people have a bad news in bitcoin.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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TYPEcoin
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August 22, 2018, 10:18:33 AM |
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I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
This can be kind of weird but my country is acting like cryptocurrencies not existing at all so banks are you ignoring the fact of crypto in the world economy stage. |
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svetochka.yakovleva.93
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Activity: 266
Merit: 10
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August 22, 2018, 11:46:19 AM |
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today banks are actively developing in the world of crypto currency! they also do not stand still and constantly introduce a crypto system! banks do not like that most of the money went to the bitcoin payment system and there are a lot of transactions! This does not like banks!
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Hatuferu
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Merit: 1000
https://trueflip.io/
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August 22, 2018, 02:22:25 PM |
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What is the connection between Bitcoin and Banks? i don't think their is any the primary functions of banks is accepting deposit and lending loans and Bitcoin you can see does a different thing so it does not constitute any threat to banks.
Right.Banks and bitcoin do perform different tasks so bitcoin should not be a threat to any bank because there is really no competition between them.Banks are focused on fiat currencies but i also believe that maybe in the future banks will also open their doors in accepting cryptocurrencies once it will be legalized in such countries. |
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camric09
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Activity: 224
Merit: 11
BitHostCoin.io
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August 22, 2018, 02:28:27 PM |
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What is the connection between Bitcoin and Banks? i don't think their is any the primary functions of banks is accepting deposit and lending loans and Bitcoin you can see does a different thing so it does not constitute any threat to banks.
Right.Banks and bitcoin do perform different tasks so bitcoin should not be a threat to any bank because there is really no competition between them.Banks are focused on fiat currencies but i also believe that maybe in the future banks will also open their doors in accepting cryptocurrencies once it will be legalized in such countries. Yes, I am also having a strong feeling that bitcoin will be accepted soon in different banks if those particular countries will legalized that use of bitcoin, for now I don't believe that bitcoin is a disaster for local banks. |
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Dexion
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August 22, 2018, 02:53:44 PM |
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yes, that's right, banks are afraid and worried if their roles are replaced by decentralized systems, even in Argentina there is the first bank to receive crypto transactions especially bitcoin.
and in reality, bitcoin gets a great response from the public, and dominates every payment and every transaction.
because of that, they always create FUD to make bitcoin weak.
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DrGuns4Hands
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August 22, 2018, 03:22:52 PM |
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I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
Banks are never into this kind of transaction because they see bitcoin as volatile in the market and it takes enough time to consider its potential just like what happened when it increased its price enormously. People are waiting for the next wave; however for the bank - still the threat of making this activity be influenced and manifested. Banks will never intervene the market of crypto because it would give them negative impact on their business activity. |
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gesdan
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August 22, 2018, 03:42:06 PM |
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why many people are always comparing bank and bitcoin, as we know that fiat and bitcoin si totally different so if you comparing fiat and bitcoin or the bank with bitcoin it don't has the similarity, so stop comparing bitcoin and fiat currencies
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alex_gr_cc
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August 22, 2018, 04:04:52 PM |
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I doubt it very much. Banks will live as long as there is life on earth. Tools for financing can only change.
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nikogluttonym
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Activity: 171
Merit: 10
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August 22, 2018, 04:10:29 PM |
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Perhaps in the distant future it will be so. Now Bitcoin is a way of investing. Very risky.
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Bannednehlahmos
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Activity: 37
Merit: 0
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August 22, 2018, 04:11:08 PM |
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I hope the two can walk together to progress
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Dolarin
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August 22, 2018, 04:15:41 PM |
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I think this is true because there is no alternative now (other than bitcoin) that can resist a banking monopoly.
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TheGodFather
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August 22, 2018, 04:53:44 PM |
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I think this is true because there is no alternative now (other than bitcoin) that can resist a banking monopoly.
I think it is not true. Actually the banks are choose what they do in the bitcoin. If they choose it as an enemy or choose as a friend. Bitcoin and banks in my country are friends so that they benefit each other the banks put tax in bitcoin to earn and as exchange the bitcoin is freely moving in my country. |
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Snaic
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August 22, 2018, 05:12:47 PM |
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I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
No, this is completely untrue. Banks are not at all threatened by bitcoin, bitcoin is unable to replace banks, since it does not have the appropriate functions. Therefore, banks there is nothing to be afraid of bitcoins and other decentralized crypto currency. Banks will exist in any state, since they have actually become a part of it, serving the country's economy and state structures. Bankers of the Crypto-currency are partially deprived of profit due to some loss of their customers, but banks and the banking system have nothing to fear. |
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Ezenwanyi1
Copper Member
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Veil
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August 22, 2018, 05:18:45 PM |
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Yes. It is a possibility .
Lets assume that bitcoin gets generally accepted as a medium of payment globally. Don't you think , that people will reduce transactions with banks ...which is going to impact negatively on their progress.
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Checkoi
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August 22, 2018, 05:26:14 PM |
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they are afraid unequivocally yes but it seems to me that banks will find a way to regulate crypto currency
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South Park
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August 22, 2018, 10:20:42 PM |
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What is the connection between Bitcoin and Banks? i don't think their is any the primary functions of banks is accepting deposit and lending loans and Bitcoin you can see does a different thing so it does not constitute any threat to banks.
You need to read more about bitcoin because it seems you do not know anything about it, bitcoin allows you to be your own bank, you can store your bitcoin securely, you can send it to the other side of the world without any third party telling you what to do, and the best part is you can open a wallet without giving any kind of information about yourself, bitcoin is way better than any bank on the face of the earth and they know it. |
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Finestream
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August 22, 2018, 10:33:40 PM |
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I hope the two can walk together to progress
I agree.I really never think that bitcoin would be a big threat to banks because in the first place,bitcoin and banks have different perspective.If given a chance that bitcoin will be legalized in the future,i think banks will open their doors to bitcoin investors and they will work hand in hand to make progress together. |
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vnck25
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August 22, 2018, 10:56:59 PM |
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Not yet! Well its actually the whole notion of cryptocurrency. Its decentralized nature and low fees, anonymity has challenged the centralized authoritarian of the traditional banking sector. Currently some banks around the world are using Ripple, another cryptocurrency. However, Ripple is actually a centralized cryptocurrency! However if cryptos become more popular as a currency instead of a investment instruments then banks would have to really think about a good strategy to tackle those challenges.
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kotajikikox
Full Member
 Online
Activity: 2366
Merit: 207
★Bitvest.io★ Play Plinko or Invest!
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August 22, 2018, 11:04:45 PM |
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I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
As far as i know herein my country aren't issue between the bitcoin and bank So far the relationship of the both currency is in good condition why i telling this bank herein my country Aren't afraid to bitcoin as currency and not giving problem or threat How i can convert my bitcoin into fiat if the banks is not accept bitcoin |
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