Quote from: prudencetoller on June 06, 2018, 06:22:34 AM

Quote from: berfanaf on June 06, 2018, 04:43:42 AM

Quote from: ekalak manjeng on June 04, 2018, 03:43:00 PM

maybe they consider bitcoin, If bitcoin or other cryptocurrency is widely applied, the whole banking system can become irrelevant. but it is in accordance with my knowledge contained in the article.

There is no point of denying this fact that all the crypto currencies are the biggest threat to the existing banking systems as with every passing day, more number of the people are withdrawing their money from the banks and that they are investing that money into different crypto currencies as they think of this to be more beneficial which is seriously affecting the reputation of the banking system.

I totally agree that once people only use bitcoin and other cryptocurrencies, banks won't mean anything and will be on the verge of collapse. Since there is a possibility of this happening in the near future, banks are frightened and they surely want bitcoin to be banned. Since they don't have control over bitcoin, it's hard to ban bitcoin entirely so some government has imposed taxes on bitcoin for fear of bitcoin replacing their currencies.

No doubt these crypto currencies have made the survival of banks much more difficult than any other thing on this planet. I think it is a good thing in some aspects because banks have used a lot of people for their profit by using their money everywhere where they wanted but after the awareness of these cryptos, people seem to make a boycott of these sucking banks.