should we be happy or stay alert because of some foul play?

[posi]

We both know the purpose of bitcoin creation was to give people financial free and liberation from the government which is the reason why it was decentralized in natiure. But, lately more banks are stepping in into Bitcoin and block chain despite they knew Bitcoin and block chain systems are their competitors.
The question is should we be happy or stay alert because of some foul play?

[sunsilk]

Happy and alert at the same time.

Few years ago majority of the people in the community are telling that it will take over the banks and probably eliminate it. And I guess those words are becoming in reality right now and these banks assess that its possible to them.

They haven't found a way to beat bitcoin and instead of competing, they are joining.

[hastag_80]

We both know the purpose of bitcoin creation was to give people financial free and liberation from the government which is the reason why it was decentralized in natiure. But, lately more banks are stepping in into Bitcoin and block chain despite they knew Bitcoin and block chain systems are their competitors.
The question is should we be happy or stay alert because of some foul play?

will,in this situation we must stay alert,of what maybe happen in the crypto in the near future ,because we already know before that the banks is threaten from the coming out of block chain and bitcoin system,thats why ,otherwise in my own opinion there is a good and bad effect of bitcoin for the stepping into the crypto worlds,because maybe it is the threat or good to the worlds of cryptocurrency investment.

[onrise]

We both know the purpose of bitcoin creation was to give people financial free and liberation from the government which is the reason why it was decentralized in natiure. But, lately more banks are stepping in into Bitcoin and block chain despite they knew Bitcoin and block chain systems are their competitors.
The question is should we be happy or stay alert because of some foul play?

will,in this situation we must stay alert,of what maybe happen in the crypto in the near future ,because we already know before that the banks is threaten from the coming out of block chain and bitcoin system,thats why ,otherwise in my own opinion there is a good and bad effect of bitcoin for the stepping into the crypto worlds,because maybe it is the threat or good to the worlds of cryptocurrency investment.

People must always have a backup plan and do invest only upto the risk you can take it. Do not go all in crypto considering that every time you will end up making money. If market do not follow what you expect and falls then you end up losing the money and may be you would have to suffer if you were depend upon that money only.

[mk4]

Both. Be happy that they're acknowledging blockchain technology, and at the same time be alert and skeptical on what their true motives are(not only with banks and the government, but with centralized entities in general). Just like with the recent news with Mastercard, whereas they issued a patent for them to artificially inflate the supply of bitcoin to 210 million BTC. Like what the hell LOL.

Read: https://www.ccn.com/mastercard-wants-to-patent-a-fractional-reserve-cryptocurrency-bank/

[131tc01n]

we may be happy with it, but we must be more aware of the dirty game. For dirty games to fail with the beliefs of the bitcoin holders, in fact they still cannot drop bitcoin which continues to improve because they are only a small number of people who don't like the many people who support bitcoin

[dothebeats]

Be happy but also learn to observe things around, for you might never know what could happen while you are busy being happy by having bitcoin. While the banks and the governments are slowly acknowledging bitcoin and making their own moves to utilize it, I'm still not that concerned about this unlike everybody. Personally I see this as a strengthening on bitcoin's stance on the economic world since if governments and banks see something in bitcoin (blockchain) and cryptocurrency in general, why should the normal people be scared of it in any way? Though as I said, stay observant since there are cases in which good things most of the time turn out negative in the bitter end.

[kotajikikox]

Ofcourse stay alert and monitor from time to time about the development of the banks  adoption of bitcoin, it's scary news, always be alert about the government for Bitcoin regulation.

[Marcel555]

Satoshi's creation broke a dam, and it is impossible to stop the raging current.
New ICOs are springing up constantly as everyone wants to understand and utilize the blockchain technology.
Bitcoin was created to be decentralized. And the banks or governments can not change that.

The blockchain technology is a technology that can be adopted on different scales and adjusted to suit the requirements. And banks are not excepted.
It's a step in going main stream and would make people more familiar and comfortable with the term cryptocurrency

[bitfocus]

Adaption of Blockchain by Banks and Financial Institutions is very positive to me, and I don't think they will be able to centralize BTC, theu are just offering Trading, Custody, Crypto Backed Loans etc. We need to stay away from Bank Traps (KYC etc.) and uphold our financial by circulating BTC more and more.

[eternalgloom]

You should just not play along ith them. They still need you to make use of all the services they're offering.
For god's sake, keep all your coins on a personal wallet. Use decentralized exchanges as much as possible and consider buying stuff directly with crypto instead of converting it to fiat.

Banks are free to offer as many services related to crypto as they'd like, Heck they can buy as much crypto as they want, just keep in mind that you don't need them.

[hulla]

Happy and alert at the same time.

Few years ago majority of the people in the community are telling that it will take over the banks and probably eliminate it. And I guess those words are becoming in reality right now and these banks assess that its possible to them.

They haven't found a way to beat bitcoin and instead of competing, they are joining.

I supported what sunsilk said because the banking sectors are one behind bitcoin restriction in Isreal, some Africa countries etc. However, government, the bankers and the senior regulators have both once try to eliminate bitcoin and said false things about block chain but now they are joining the course of which the chance that will totally support crypto sphere is 50% and the chance of their intention is also 50%.

[qiwoman2]

Well, it's a decentralized currency but unfortunately or fortunately, we need to be realistic that for mass adoption there have to be regulations, otherwise there would be so much tax evasion and money laundering that governments and countries would go bankrupt because human nature primarily is greedy and selfish. I think we need to understand that these regulations actually help us in the long run and help all the coins, along with Bitcoin moon in value because they will be rendered as an asset class soon. This is huge, so we need to take the bad with the good and try to derive something positive form Govt regulations and not look at it as all bad.

[Juliedarwin]

Yes ofcourse we need to be happy as always through face in real life and throughout the real happenings in crypto world. But we need to be alert and focus from the people who played very foul. Because it's not fair enough for us to get play when some people doesn't have to be lie.

[jakasantosa]

Happy or Stay Alert depending on the circumstances in which we are. If the situation is safe and very beneficial for us, of course we will feel happy. But if the situation where it feels very disturbed and harms us, it's time we feel Stay Alert.

[AiBBio]

Of course, the banks feel good competition from the side of bitcoin and blockchain and it is very uncomfortable for them! But it seems like bitcoin will win just because it gives a lot of agvantages and opportunities for its users!

[Luchinono]

We both know the purpose of bitcoin creation was to give people financial free and liberation from the government which is the reason why it was decentralized in natiure. But, lately more banks are stepping in into Bitcoin and block chain despite they knew Bitcoin and block chain systems are their competitors.
The question is should we be happy or stay alert because of some foul play?

IMHO bitcoin/blockchain isn't a competitor to the banks or to the government
Any government can simply ban the bitcoin if it's viewed as a threat to their long standing financial system
The bitcoin is simply a means to financial freedom and most governments won't stop their citizens harnessing what the technology has to offer..

The blockchain technology is the backbone of this technology,as well as the reason for it's speedy growth, it's method of operation is unique and stands out, the more reason why it's being adopted by banks/governments..

We can only but be happy about how far we and satoshi have come, and imagine how well this system will be in the next few years..

I see no foul play

[ShadowBits]

We both know the purpose of bitcoin creation was to give people financial free and liberation from the government which is the reason why it was decentralized in natiure. But, lately more banks are stepping in into Bitcoin and block chain despite they knew Bitcoin and block chain systems are their competitors.
The question is should we be happy or stay alert because of some foul play?

Of course we need to be aware because it is our investment and we need to know all about it and would not be in a wrong situation in the future.

[javainn]

We both know the purpose of bitcoin creation was to give people financial free and liberation from the government which is the reason why it was decentralized in natiure. But, lately more banks are stepping in into Bitcoin and block chain despite they knew Bitcoin and block chain systems are their competitors.
The question is should we be happy or stay alert because of some foul play?

we must remain vigilant about these dirty games, this can affect the price of bitcoin. this is something that investors and others are aware of. so if you think about whether we will remain silent if you see the dirty treatment of bitcoin, this is a disadvantage. but happiness can come for us if the dirty game has a low price effect and can buy large amounts of bitcoin.

[syarifbitcoinishack]

I think you are wrong, the Bank is only interested in blockchain technology not Bitcoin
because Blockchain has unique features so they intend to adopt and implement it into their system to make Fiat better so my answer is "Stay Alert"