Quote from: CoinNation on November 02, 2015, 07:36:58 AM

Quote from: c789 on November 02, 2015, 01:44:31 AM

Yeah, I can understand that. But many of these articles say that X bank wants to develop their own blockchain. That's what I don't get...how it would be secured. Plus, it's a central authority which defeats one of the primary purposes of Bitcoin. None of the articles has addressed that aspect either.

When banks develop their own chain, it is not necessary for the crypto currency. It is an internal ledger system. This will reduce their current cost.

they will not stop there imho ....they also will use what power they have to influence lawmaker at that point in time on the 'evils' of open source crypto and try to
get their own blockchain and eventual cryto instead imho....it is just too tempting to try otherwise with the power and influence they have not ..to watch this
all slip away..especially if bitcoin and open crypto continue to make massive gains in adoption/ venture capital $$$ etc..they just can't let it go that way from
their perspective imho

again this has not started 'yet' but will soon banks and gov't types are waking up to this threat of 'open source' crypto they can't control.....it may not work on their
part but no doubt in my mind they (banks etc) are gonna try like hell to make it so...god help us if an ISIS fighter is found with a USB drive and 1000 btc on it! he
could be found with 1 million in cash in a duffle ...but that usd drive would drive the bitcoin is evil FUD up the wall imho