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September 06, 2017, 11:18:21 AM |
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I think banks are now trying to be consumer friendly, since they have seen what bitcoin can do, they are loosing their precious customers, I think the reason why the banking family, the Rothschild bought a lot bitcoins is to see what they are up against with. I think they saw there is a huge difference between cryptocurrency and fiat money, the first is the latter is decentralized. If banks would make an innovation and make transactions be easy for people, they might have a chance against bitcoin, but if there is no innovation, they will be left out, I also read in this thread, that banks might create their own altcoins, that could be a possibility, but to what extent will they use the coin, if it is only exclusive for each bank, bitcoin will still be their basis. All I can see is that banks will really struggle once bitcoin is accepted globally and we all know out history, if you are obsolete, you will be wiped out, just like what they did with the barter trade, turned to pearls and shells, turn to spices and expensive garments, turned to gold, turn to paper notes and now fiat, which can be considered of no value.
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