Well, they see it as a competitor, so they hate it. Everyone hates their competitors, and will say everything against them so they will win. Sad thing. Those few that will cooperate and adapt to it will be the one that will shine the brightest.
I agree. The most successful businesses are those who aren't scare of the advancements that happens. Example are facebook, google, and etc and it is obvious how they still at the top of the world even though they have many competitors. Adaptations.
Agree. Me myself is the living testament of this. Before I always depend on my parents. It is a pain in the eye to me seeing us living in a poor life. I am a student and I consider doing sideline jobs, and my classmates introduce me to bitcoin. So I join bounties to earn money and I earn. I have help my parents and my family because of it, but there's a problem, after that rise in December bounty campaigns for now is not that profitable. I adapt to this situation by trying to do other things not just bounties. Thankfully, I have been introduced to trading. I study it, find the best
site or should I say perfect companion in trading and when I say perfect companion I meant that the site has very fast speeds and no currency risks. Then there you go! I have found the solution to my problem and it is trading, I have adapt to changes everything even though I am afraid at first. Same goes with banks. They shouldn't be afraid to these advancements and they could actually adapt it like what other banks have done. They don't need to tell bad things to it and instead they can cooperate with it.