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Author Topic: Banks against the crypto  (Read 5379 times)
goldreset
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May 07, 2019, 03:15:02 AM
 #321

Technically, banks are the ones controlling governments. Govs don't control the banks. So bank will still be around for a long time. What they do is that they adapt to how the tech advances. And govs just have to create regulations to help these bankers in order to help themselves(govs).
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May 07, 2019, 05:16:36 AM
 #322

Until and unless they get into the adoption of blockchain technology they will stay against the cryptocurrency. Banks have faced a big loss due to the increased transactions that has taken place using bitcoin. These days to avoid lots and lots of process for large volume transactions people prefer bitcoin where there is no limitations and restrictions. This is a big blow for banks and soon can expect banks getting integrated with bitcoin and blockchain.

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May 07, 2019, 06:14:56 AM
 #323

Technically, banks are the ones controlling governments. Govs don't control the banks. So bank will still be around for a long time. What they do is that they adapt to how the tech advances. And govs just have to create regulations to help these bankers in order to help themselves(govs).
They don't but the fact that they are regulating the bank, they have the power to control it.
Also, the government have the power to print money which is not transparent to all of us, they can take advantage of doing illegal activities when they are in control. The biggest corruption happens within the government, so we need to change that as its our money that is being stolen, crypto is the solution as it promotes real transparency.

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May 08, 2019, 06:29:37 AM
 #324

Technically, banks are the ones controlling governments. Govs don't control the banks. So bank will still be around for a long time. What they do is that they adapt to how the tech advances. And govs just have to create regulations to help these bankers in order to help themselves(govs).
They don't but the fact that they are regulating the bank, they have the power to control it.
Also, the government have the power to print money which is not transparent to all of us, they can take advantage of doing illegal activities when they are in control. The biggest corruption happens within the government, so we need to change that as its our money that is being stolen, crypto is the solution as it promotes real transparency.


These are why the govs fear decentralised cryptos. They have been using regulations to save their arse all the while.
They control others and at the same time can get away with paper cash if they are the ones doing the dirty stuff.
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May 08, 2019, 07:28:01 AM
 #325

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

I am sure that the banks will not disappear. Most likely, they will change and will use the blockchain. This will be the centralized version and I dont like it.

I am for decentralization. I hope, in the fight against crypto against banks, the victory will be for crypto.
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May 08, 2019, 04:28:05 PM
 #326

If transactions in cryptocurrencies are finally approved it would not really get banks out of the word but it would rather reduce their activities as most people would use cryptocurrencies to make transactions.

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May 08, 2019, 04:30:31 PM
 #327

If transactions in cryptocurrencies are finally approved it would not really get banks out of the word but it would rather reduce their activities as most people would use cryptocurrencies to make transactions.
But we also needs to consider the fact that banks can easily adopt and make a use of this system to favor them, they will not be removed from the picture but they will continue their business, businessman knows how to deal with competitors they will simply adjust or take advantage of it.

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May 08, 2019, 04:58:47 PM
 #328

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

For me banks cannot be dissolve as it will be the way how the government can manipulate the world market.

We know that in a certain country their would be unity if their is government as it will lead how the country will move forward.

Banks can adopt certain part of blockchain technology but it cannot be decentralized. Bitcoin is just an alternative for bank who serves for the unbanked people.
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May 08, 2019, 06:43:04 PM
 #329

People didn't use the decentralized payment system yet,they see bitcoin as opportunity for money making and they will exit the market once made profits so where we need bansk so cryptos definitely can't destroy the banks by this way.

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May 08, 2019, 08:50:13 PM
 #330

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

This is a topic that everyone always wants to be right, both banks and those who defend technologies, in this case I think that both ways of managing money should always coexist.

Fiat money is necessary, because many transactions must be that way, and the most fundamental part of progress gives the way open to bitcoin and blockchain technology.

The tenology of Blockchain and Bitcoin offer new ways to pay for goods and services, it is a totally free, decentralized economy and you can achieve your financial freedom quickly, besides the transactions are very secure and secure, they represent more confidence when it comes to making transfers which are very large and that all banks always put problems to make them, through bitcoin, they are made and they are very fast, without problems and without danger that the money is lost, besides that to steal through the bitcoin portfolios has been almost impossible because to hack there is no technology to do it.

FIAT thefts in money if it is much easier and very feasible for many, there is less security and it must be in cash. I believe that this is why both are necessary, because in case of a munificent failure of electric power or internet service, simply the bitcoin and the technology is canceled.

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May 08, 2019, 09:08:21 PM
 #331

Banks are always against Cryptocurrency and cryptocurrencies always have high potential to make banks disappear but still, there is no reason for that to happen. Someone or something being better does not mean the other lower thing should be disappeared from existence. bitcoin and other cryptocurrencies have value because they can be exchanged with faint currency if there is no faint, then crypto's will be at high risk.

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May 08, 2019, 09:33:16 PM
 #332

Its reall been a long time now that  banks have been against Cryptocurrency and cryptocurrencies always have high potential to make banks disappear out of the world.

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May 09, 2019, 04:23:25 AM
 #333

why do have to eliminate the Bank. isn't there a better way than to eliminate it. the best way for cryptocurrencies to succeed is to collaborate with the Bank. inside the bank there are still many people working in it who cannot be replaced by machines or AI in making decisions.
Banks are financial legalities recognized by the state and companies, there are still many aspects that are owned by the Bank that cannot be replaced by cryptocurrencies.

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May 09, 2019, 10:51:40 PM
 #334

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

I am sure that the banks will not disappear. Most likely, they will change and will use the blockchain. This will be the centralized version and I dont like it.

I am for decentralization. I hope, in the fight against crypto against banks, the victory will be for crypto.
Surely the victory will be with crypto currency because crypto currency has more value as compare to banks now, people want limitless earning and they are not happy with this centralized system of the banks crypto currency is on its growth but banks lose value now because of its old system which is being use since decades and crypto currency is the invention of this modern age.
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May 09, 2019, 11:28:00 PM
 #335

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

Banks are always part of country's economy so they are not going disappear unless they will be replaced by more effective and efficient means of finance. When a country's banking sectoris healthy, it will greatly contribute to the growth of nation's economy. Bank can upgrade itself to match the modern technology and the threat of cryptocurrencies. In fact, some of the banks are already planning to use blockchain in the future.

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May 10, 2019, 12:02:47 AM
Last edit: May 10, 2019, 12:58:43 AM by viralmetaphore
 #336

It's for better that the banks get their hands out of the crypto space. Yet. We cannot prevent them to adquire knowledge about the space. but Crypto came here to empower the individual. Banks do not want that. Banks only want to control people. They do by lending "Your" money. Which in fact it's never yours.

While banking had been always a good way for the economic to fluctuate around the world. Yet it does not. by misleading peoplee. It's time for the knowledge it's why cryptocurrencies here

In fact. These morons. Withour the poor system of priting money, or typing it digital on your account they rich as they do.

https://twitter.com/coincenter/status/1126574631605997569

I'm wondering what this guy above is smoking, lmao
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May 10, 2019, 12:25:24 AM
 #337

Banks are against crypto because they see crypto as a major disruptive agent to their existence. Banks are centralized and intends to gain total control and power over the financial transactions of the people whereas crypto do the contrary by given back the power to the people to own control over their own transactions.

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May 10, 2019, 02:00:05 AM
 #338

Not necessarily. Banks will still be the medium to convert fiat into crypto vice versa; they both can be used by the society as they have both purpose, pros and cons. Also, we can't compare the situation of snailmail being replaced by email as banks aren't replaceable

Good point. Because of crypto's inability to become an independent medium of exchange, we'll always have the need to interact with Fiat somehow. Banks are known to be the gateway from crypto land into the Fiat world. Without them, one cannot exchange cryptocurrencies into Fiat as there's no central issuer. On the other hand, one cannot live without crypto as it provides freedom to our financial life.

As such, everything in the world needs balance. There cannot be a single thing for any purpose in life. Which means, that diversity is needed for our world to change for the better. Banks and crypto will turn their separate ways for the foreseeable future. But they cannot destroy each other in any way.

The main reason Banks have been against crypto is because they don't want people to gain control of their financial life. Banks' living is based off fees from its customers, and if that's gone, their business will end for sure. While Banks are against crypto most of the times, they're not against Blockchain technology which powers most (if not all) cryptocurrencies known today.

Banks have seen Blockchain as extremely beneficial to them, that they have started exploring the technology more thoroughly. Before you know it, a new age will come where Fiat will no longer exist physically, but it will live on a Blockchain of its own. All in all, both ends (Banks and crypto) will survive for a long time. Just my thoughts Grin


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May 10, 2019, 04:13:46 AM
 #339

Banks are against crypto because they see crypto as a major disruptive agent to their existence. Banks are centralized and intends to gain total control and power over the financial transactions of the people whereas crypto do the contrary by given back the power to the people to own control over their own transactions.
If crypto payments were adopted all over the world then the service from the banks will no longer needed so they are not going to support the cryptos existence and also governments won't like it because banks are the one making economy of a government if there are no banks then that country might suffer for the funds.

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May 10, 2019, 03:08:41 PM
 #340

Banks are against crypto because they see crypto as a major disruptive agent to their existence. Banks are centralized and intends to gain total control and power over the financial transactions of the people whereas crypto do the contrary by given back the power to the people to own control over their own transactions.
If crypto payments were adopted all over the world then the service from the banks will no longer needed so they are not going to support the cryptos existence and also governments won't like it because banks are the one making economy of a government if there are no banks then that country might suffer for the funds.
I don't think banking services are no longer needed when crypto is accepted and popular, I believe it is still necessary, even more popular because everyone's goal with crypto is to invest, they don't use it to store, the bank is where they will send money when they want to store. Especially if banks offer additional services on crypto, it is truly a reliable thing, so I believe that the bank will become more popular, rather than under the influence of crypto, against crypto is just speculation of people, the bank does not clearly confirm it

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