Quote from: melody82 on June 09, 2015, 02:20:06 PM

Quote from: TKeenan on June 09, 2015, 01:02:00 PM

HSBC to sack 50,000. http://money.cnn.com/2015/06/09/investing/hsbc-job-cuts/index.html

Get used to headlines like this, banks are going to spend the next ten years explaining why they are 'downsizing'. The largest bank in the world - is pretty much lost for reasons why they no longer figure out ways to make money.

Good riddance.

So do you think this will have any impact on bitcoins? Personally I don't see it really effecting things. Maybe some people will lose a little faith in banks or something but overall I believe this to have little or no impact. Does anyone disagree? I would be interested in your opinion.

Automatization at work. More and more jobs will keep disappearing at increasingly faster rates, and that includes banking too. The blockchain does what a ton of people working on keeping ledgers (from the actual writing, to the actual storage and guarding of the documents) can do, and a million times better.