Post
Topic
Board Bitcoin Discussion
Re: Do Banks fear cryptocurrency
by
mammoniter
on 13/11/2017, 11:23:59 UTC
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature  of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!

If I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks.

Correct, they would definitely try to warn other people even without enough proof that bitcoin is not a legit currency they would throw negative feedbacks to warn possible investors and eliminate competition or threat to their system since bitcoins decentralization is the major key that banks do not have plus not to mention their continues service fees and even slow services with a lot of requirements.