Big Bankers Say Cryptocurrencies Do Not Threat The Global Financial Stability

[hatshepsut93]

They can't just stop from being a slave of the capitalists, how would they feed theirselves and their family. Only the rich are able to and they are just few, by the way they did'n have a slight chance to have a revolution, they are contented on what life they have. Worst is they even see crypto as a threat to their wealth. Interested people that wants a change are only a few, I include myself. The people who suffered great lost from the capitalist world, they want change too, and one day maybe the change we want isn't unreachable anymore through crypto.

It's not about socialism vs capitalism, it's about the people vs the state and the users vs centralized services. I've seen Bitcoin being criticized by both the wealthy elites and by socialist commenters, but inherently both arguments were the same - they were against Bitcoin's freedom, because it undermines centralized power.  Most of the people in the world still have the authoritarian mindset - they want the government to fix all their problems, instead of looking for solutions based on peaceful cooperation.

[1713519820]

1713519820

[Xxmodded]

They can't just stop from being a slave of the capitalists, how would they feed theirselves and their family. Only the rich are able to and they are just few, by the way they did'n have a slight chance to have a revolution, they are contented on what life they have. Worst is they even see crypto as a threat to their wealth. Interested people that wants a change are only a few, I include myself. The people who suffered great lost from the capitalist world, they want change too, and one day maybe the change we want isn't unreachable anymore through crypto.

It's not about socialism vs capitalism, it's about the people vs the state and the users vs centralized services. I've seen Bitcoin being criticized by both the wealthy elites and by socialist commenters, but inherently both arguments were the same - they were against Bitcoin's freedom, because it undermines centralized power.  Most of the people in the world still have the authoritarian mindset - they want the government to fix all their problems, instead of looking for solutions based on peaceful cooperation.

Banker try to keep their member always save money in the bank and never give chance for other currency investment try to get their member and why big banker give bad opinion with bitcoin and claim bitcoin is not good global financial stability, although fact bitcoin can increase people money value than keep saving money in the bank have inflation values.

[abhiseshakana]

They can't just stop from being a slave of the capitalists, how would they feed theirselves and their family. Only the rich are able to and they are just few, by the way they did'n have a slight chance to have a revolution, they are contented on what life they have. Worst is they even see crypto as a threat to their wealth. Interested people that wants a change are only a few, I include myself. The people who suffered great lost from the capitalist world, they want change too, and one day maybe the change we want isn't unreachable anymore through crypto.

The ideal form of the economic system should be like a pencil, the edges are pointed but the middle to bottom flat. As we know that the world economy is shaped like a pyramid, and the severity at this time, the base of the pyramid is wide, narrowed in the middle and sharply pointed high upwards.

The capitalists came to power because they had originally been the winners and the winners had taken everything. In addition, they use the power of the state to perpetuate their wealth. That strategy is used by capitalists at the top of the pyramid, and the capitalists at the top of this pyramid are solid and consolidated (little, small, compact) individually they are the rulers of the inverted pyramid. The system used by them is a bank. Banks plunder the savings of the poor, collected in all regions and used for the business community, business loans are usually higher interest rates than loans for corporations.

We can challenge the capitalist system in a way

- Don't put our money in the bank because the money we save in the bank will be used to enrich capitalism.
- Consolidation of the lower class economy (consolidated bottom of the pyramid). That is to consolidate the economy in the lower classes which in essence supports each other between the classes down. The aim is to divert the velocity of money from the capitalists to the lower classes.

[bohr]

They can't just stop from being a slave of the capitalists, how would they feed theirselves and their family. Only the rich are able to and they are just few, by the way they did'n have a slight chance to have a revolution, they are contented on what life they have. Worst is they even see crypto as a threat to their wealth. Interested people that wants a change are only a few, I include myself. The people who suffered great lost from the capitalist world, they want change too, and one day maybe the change we want isn't unreachable anymore through crypto.

It's not about socialism vs capitalism, it's about the people vs the state and the users vs centralized services. I've seen Bitcoin being criticized by both the wealthy elites and by socialist commenters, but inherently both arguments were the same - they were against Bitcoin's freedom, because it undermines centralized power.  Most of the people in the world still have the authoritarian mindset - they want the government to fix all their problems, instead of looking for solutions based on peaceful cooperation.

Regardless of the economic system that is in place in a country any government is always going to want to have more control over their citizens and what better way to control your citizens than to control their money, if you can do that then you can easily silence any opponents to your regimen as you could always steal their money away and not allow them to function in the society, but bitcoin has the potential to put a stop to those plans and they do not like that one bit.

[AndySt]

Global financial stability is more disturbed by completely different factors. The ghost of a new global financial crisis has long been wandering around the world, and vice versa, bitcoin can serve as anchor in a future raging storm. And do not forget about the traditional defensive asset like gold.

[matchi2011]

Global financial stability is more disturbed by completely different factors. The ghost of a new global financial crisis has long been wandering around the world, and vice versa, bitcoin can serve as anchor in a future raging storm. And do not forget about the traditional defensive asset like gold.

As long as you know how to do your research and you understand the things that you needed to consider, there's always good from each venue of investment. It's your obligations to make proper study and assess things out for the betterment of your assets.

Global crisis is always a threat being wise and ready can lessen your chances being broke, anticipate and workout in every advantages that you can have.

[GideonGono]

Is that so? As I recall there are cases where people who opened an account in some particular banks, when the bank had learned that the account holder is somehow connected to the cryptoworld they would terminate the account with this pretext. I can’t remember the country but you can try searching some articles relating this. This bankers would say a lot of things but the thing is that Bitcoin or other cryptocurrencies didn’t exist to disrupt global financial stability but it is to aid to reinforce.

[bohr]

Is that so? As I recall there are cases where people who opened an account in some particular banks, when the bank had learned that the account holder is somehow connected to the cryptoworld they would terminate the account with this pretext. I can’t remember the country but you can try searching some articles relating this. This bankers would say a lot of things but the thing is that Bitcoin or other cryptocurrencies didn’t exist to disrupt global financial stability but it is to aid to reinforce.

This is a classical case of ‘watch what they do not what they say’ they may say that cryptocurrencies are not a threat to their system but when you know that if most banks around the world find that you are dealing with cryptocurrencies they begin to ask for all kind of information and they will still close your account even if you comply then that is a clear sign of what they really think about this market in general and its potential to displace them.

[agentx44]

Big Bankers Say Cryptocurrencies Do Not Pose a Threat to Global Financial Stability

Bankers started to get more relaxed towards Bitcoin? Very good.

Bitcoin can be a threat to some of the banking operations, but this will only make the smarter banks evolve better. Bitcoin is clearly no threat to the banks, at least not yet and for quite some more time. This is not because banks are good and Bitcoin is bad, it's because of people's and businesses' inertia and because the legislation favors the banks.

And even if the things get to the point Bitcoin will become a real threat to the banking system, the overall financial stability should not get affected.


So I find the title correct and I'm glad to see they also have found this out. It would be beneficial for Bitcoin to get better connected to financial world and to businesses and for this (unfortunately) we need the banks accept us.

I agree. Some banks may see bitcoin as a potential threat to their system while some other banks would regulate and support bitcoin because they really know the effects of tolerating it. We should also look forward on seeing cryptocurruncies being invested and transacted in the banks together with fiat in harmony. That would totally make a huge impact on the current monetary system we have right now so let us keep on spreading the good news about bitcoin so that sooner or later, crypto will be regulated all over the world.

[shield132]

Big Bankers Say Cryptocurrencies Do Not Pose a Threat to Global Financial Stability

Bankers started to get more relaxed towards Bitcoin? Very good.

Bitcoin can be a threat to some of the banking operations, but this will only make the smarter banks evolve better. Bitcoin is clearly no threat to the banks, at least not yet and for quite some more time. This is not because banks are good and Bitcoin is bad, it's because of people's and businesses' inertia and because the legislation favors the banks.

And even if the things get to the point Bitcoin will become a real threat to the banking system, the overall financial stability should not get affected.


So I find the title correct and I'm glad to see they also have found this out. It would be beneficial for Bitcoin to get better connected to financial world and to businesses and for this (unfortunately) we need the banks accept us.

Why do they have to be afraid of bitcoin? Don't you think that banks can turn everything from opposite to benefit?
Well, you use bitcoin and want to convert it in USD because bitcoin's value is decided in USD, bitcoin isn't independent currency in this case, bitcoin doesn't have it's own private, separate value. So you need to exchange them in btc and in this case banks have huge opportunity, they can offer you this service with their visa/master card and make it even more comfortable for you.
Bitcoin isn't old thing that we knew in past, it's now commercial thing, huge business that has huge profit potential.

[EdvinZ]

Global financial stability is more disturbed by completely different factors. The ghost of a new global financial crisis has long been wandering around the world, and vice versa, bitcoin can serve as anchor in a future raging storm. And do not forget about the traditional defensive asset like gold.

Bitcoin can become an anchor in the hypothetical storm of the global crisis only for those who buy it before the rise in price. Those who will buy it at the peak of the next price increase lose even more money when Bitcoin loses in price, will be disappointed in it even more than in some weak national currencies. More reliable action in hyperinflation is the purchase of gold and reserve fiat currencies. 

[bohr]

Why do they have to be afraid of bitcoin? Don't you think that banks can turn everything from opposite to benefit?
Well, you use bitcoin and want to convert it in USD because bitcoin's value is decided in USD, bitcoin isn't independent currency in this case, bitcoin doesn't have it's own private, separate value. So you need to exchange them in btc and in this case banks have huge opportunity, they can offer you this service with their visa/master card and make it even more comfortable for you.
Bitcoin isn't old thing that we knew in past, it's now commercial thing, huge business that has huge profit potential.

But you are only seeing how things work now and not how they may work in the future, what banks are afraid is that people begin to exchange bitcoin directly for products and different services without exchanging bitcoin first for fiat, if that begins to happen then bitcoin will begin to replace the banking system, and banks like any industry does not like at all the idea of being replaced by a new technology and they will do everything in their power to stop this.

[stomachgrowls]

They can't just stop from being a slave of the capitalists, how would they feed theirselves and their family. Only the rich are able to and they are just few, by the way they did'n have a slight chance to have a revolution, they are contented on what life they have. Worst is they even see crypto as a threat to their wealth. Interested people that wants a change are only a few, I include myself. The people who suffered great lost from the capitalist world, they want change too, and one day maybe the change we want isn't unreachable anymore through crypto.

It's not about socialism vs capitalism, it's about the people vs the state and the users vs centralized services. I've seen Bitcoin being criticized by both the wealthy elites and by socialist commenters, but inherently both arguments were the same - they were against Bitcoin's freedom, because it undermines centralized power.  Most of the people in the world still have the authoritarian mindset - they want the government to fix all their problems, instead of looking for solutions based on peaceful cooperation.

Banker try to keep their member always save money in the bank and never give chance for other currency investment try to get their member and why big banker give bad opinion with bitcoin and claim bitcoin is not good global financial stability, although fact bitcoin can increase people money value than keep saving money in the bank have inflation values.

When we talk about potential interest rates then we cant really deny that crypto would really have the edge or far way more better option than storing up your fiat into a bank but if we do

talk about security? Then we cant really avoid or deny the fact that we are still fully dependent or much preferred with traditional banking system.If big bankers do say that crypto doesnt pose up a threat for
global financial stability and i can say that these are just the opposite words and we know on what they are doing behind when it comes to suppressing things that opposes their likings.

[Assface16678]

They can't just stop from being a slave of the capitalists, how would they feed theirselves and their family. Only the rich are able to and they are just few, by the way they did'n have a slight chance to have a revolution, they are contented on what life they have. Worst is they even see crypto as a threat to their wealth. Interested people that wants a change are only a few, I include myself. The people who suffered great lost from the capitalist world, they want change too, and one day maybe the change we want isn't unreachable anymore through crypto.

It's not about socialism vs capitalism, it's about the people vs the state and the users vs centralized services. I've seen Bitcoin being criticized by both the wealthy elites and by socialist commenters, but inherently both arguments were the same - they were against Bitcoin's freedom, because it undermines centralized power.  Most of the people in the world still have the authoritarian mindset - they want the government to fix all their problems, instead of looking for solutions based on peaceful cooperation.

Banker try to keep their member always save money in the bank and never give chance for other currency investment try to get their member and why big banker give bad opinion with bitcoin and claim bitcoin is not good global financial stability, although fact bitcoin can increase people money value than keep saving money in the bank have inflation values.

When we talk about potential interest rates then we cant really deny that crypto would really have the edge or far way more better option than storing up your fiat into a bank but if we do

talk about security? Then we cant really avoid or deny the fact that we are still fully dependent or much preferred with traditional banking system.If big bankers do say that crypto doesnt pose up a threat for
global financial stability and i can say that these are just the opposite words and we know on what they are doing behind when it comes to suppressing things that opposes their likings.

In the country that wants to adapt to the environment with full of technology and innovation, it is better to use the cryptocurrency. Make each of the transactions more comfortable and efficient. Today not just Japan adapting the use of crypto. From the previous articles and news china changes the use of cryptocurrency, and it was good news they want to improve society.

[meliodas]

The volatility of the cryptocurrencies in the market is what makes the big bankers to not be threaten. People doesn't want to stick to something that is unstable, majority of the people in this world always prefer a currency that is stable and regulated so they can feel comfortable when using it and they know that there is someone that is leading them which is the government.

[Blue_oxen]

nope, this sounds ridiculous. So how do they control a bunch of money manipulation and manipulation organizations here every day? Do they have any evidence to identify users of wallets with money transfer activity? Obviously the answer is no.
trusting cryptocurrencies is a very wrong decision because if they have the capacity, they will soon accept the cryptocurrency market and have participated in it to make a lot of profit. and furthermore, if cryptos were easy to control, Congress in the United States would not have strictly forbidden Libra.

[bohr]

nope, this sounds ridiculous. So how do they control a bunch of money manipulation and manipulation organizations here every day? Do they have any evidence to identify users of wallets with money transfer activity? Obviously the answer is no.
trusting cryptocurrencies is a very wrong decision because if they have the capacity, they will soon accept the cryptocurrency market and have participated in it to make a lot of profit. and furthermore, if cryptos were easy to control, Congress in the United States would not have strictly forbidden Libra.

It depends of your perspective, if you were to ask me what it is the biggest threat to the current economic system bitcoin will not be my answer, I would think that governments and banks are the biggest threats to their own system, bitcoin is only going to be there to take advantage of their bad situation in which they will find themselves in, that is why they are not afraid since they think they have everything under their control but once they realize that is not true they will begin to panic about bitcoin and the consequences it will bring to them.

[Duzter]

The volatility of the cryptocurrencies in the market is what makes the big bankers to not be threaten. People doesn't want to stick to something that is unstable, majority of the people in this world always prefer a currency that is stable and regulated so they can feel comfortable when using it and they know that there is someone that is leading them which is the government.

Big bankers always have this ideology. People commonly have a thinking, something instable isn't good to be used as same as fiat. Global financial stability is much associated with the fiat as the cryptocurrency contributions were very low. Governments that are with the plans of adoption and development of own cryptocurrency feels this to be too early for the same.

[imstillthebest]

The volatility of the cryptocurrencies in the market is what makes the big bankers to not be threaten. People doesn't want to stick to something that is unstable, majority of the people in this world always prefer a currency that is stable and regulated so they can feel comfortable when using it and they know that there is someone that is leading them which is the government.

Big bankers always have this ideology. People commonly have a thinking, something instable isn't good to be used as same as fiat. Global financial stability is much associated with the fiat as the cryptocurrency contributions were very low. Governments that are with the plans of adoption and development of own cryptocurrency feels this to be too early for the same.

fiats not stable  ?  i think your wrong  . fiats are stable  .  people do also love the idea behind cryptos , the unstability of cryptos rather because this gives them a potential to earn  . crypto do not threaten the financial stability at all because it does not over lap with the fiat .  fiat are still the ones the riegn offline while people only use crypto on the side specifically for online use and for doing business like trading or investing  . bankers infact love crypto's and not hating it .

[stiffbud]

The volatility of the cryptocurrencies in the market is what makes the big bankers to not be threaten. People doesn't want to stick to something that is unstable, majority of the people in this world always prefer a currency that is stable and regulated so they can feel comfortable when using it and they know that there is someone that is leading them which is the government.

Big bankers always have this ideology. People commonly have a thinking, something instable isn't good to be used as same as fiat. Global financial stability is much associated with the fiat as the cryptocurrency contributions were very low. Governments that are with the plans of adoption and development of own cryptocurrency feels this to be too early for the same.

fiats not stable  ?  i think your wrong  . fiats are stable  .  people do also love the idea behind cryptos , the unstability of cryptos rather because this gives them a potential to earn  . crypto do not threaten the financial stability at all because it does not over lap with the fiat .  fiat are still the ones the riegn offline while people only use crypto on the side specifically for online use and for doing business like trading or investing  . bankers infact love crypto's and not hating it .

Yeah in the start banks were afraid of crypto as they used to think that crypto might surpass fiat as it is borderless and anonymous and upto a certain extent they were also right.
So to overcome this they started campaigning against crypto altogether in the shadows and made the reputation of crypto as a payment method used for buying drugs and money laundering. Now crypto market is less than a trillion dollars combined and this is just a small pond as compared to the oceanic fiat currencies.