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The Silent War On Bitcoin Has Begun!

Discussion in 'CryptoCurrency' started by Svettod, Feb 11, 2015.

  1. Svettod

    Svettod Junior Member

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  2. asap1

    asap1 BANNED BANNED

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    Its bound to happen, these bankers that damn near run the world are not going to sit back and let bitcoin take over.

    To many trillions at stake.
     
  3. kaitokid89

    kaitokid89 Newbie

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    agree bitcoin has been a big threat for banker. I suggest you watch fourhoursmen acoplayse doc by the renegadeeconomist at youtube, to see how evil bank. btw on same case max keiser said that most bank like hsbc is insolvency or near bankrupt? is it true?
     
  4. zebrahat

    zebrahat Elite Member

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    These institutional freezings of access to funds are one of the main reasons for the existence of Bitcoin---to have a financial storage and exchange system that could not be arbitrarily shut down or have its transactions or assets cut off at the whim of a bank or government.

    These institutions have been bottlenecking, or stealing private wealth for generations. Only now has an alternative system been developed that can bypass their control freak ways, and they don't like it. The account holders should take their experiences as a lesson to not re-mingle their crypto assets with banks, who may elect at any time to seize or shut down access to their funds.
     
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    Last edited: Feb 11, 2015
  5. johnhort

    johnhort Registered Member

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    I knew it was only a matter of time
     
  6. Broab

    Broab Newbie

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    ı thank you :)s
     
  7. angeloflight

    angeloflight Newbie

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    I am no expert but I feel like bitcoin is the type of thing that if you try fighting, may actually strengthen it. Sort of like drugs, the fact that they are so illegal drives the price of a hearty 'weed' to that of quadruple the price of silver. And the taboo draws attention, raises curiosity, and stimulates questioning. And now a freaking common plant has a global political movement based around it, its actually quite embarrassing... It's like walking down a crowded sidewalk and punching a stranger in the face. Everyone notices immediately, and they instantly take the strangers side and think your scum. Even if the guy you punched was mass murderer, the crowd will think he is a saint.
     
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  8. Svettod

    Svettod Junior Member

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    That is true, the more they fight it, the worse it will get for them. Just look how badly the "War on Drugs" has failed. If they are smart, the banks can take it over as well, although quite a risky proposition.

     
  9. demonicsheikh

    demonicsheikh Registered Member

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    I think people connecting their Financial things so easily to un-trusted sites is a bit confusing. I don't use my credit card or debit card online where ever i can. I look for alternatives. Similarly people should have 2 bank accounts one loaded with money and the other one that you wanna use online.....:)
     
  10. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    There are a ton of activities that can get your account frozen its not only cryptocurrencies. And there is no war on bitcoin banks have to deal with regulations.
     
  11. demonicsheikh

    demonicsheikh Registered Member

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    Bitcoin Tickles the bones of financial institutions because a person can easily move money without IRS noticing it for taxes. I don't think there are any other way that make the bank go crazy.
     
  12. Svettod

    Svettod Junior Member

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    With Bitcoin you can do pretty much anything you want and that scares the banks and governments, they know it, we know it.

     
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  13. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Bitcoins are basically a joke to banks, it poses no threat its more of a short term fad and governments can easily monitor bitcoin.

    http://gizmodo.com/a-friendly-reminder-bitcoin-is-not-anonymous-1682885318
     
  14. Svettod

    Svettod Junior Member

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  15. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    Does anyone else remember the early credit cards?

    Everyone thought plastic money wouldn't go anywhere, then BAM, you can't live without a freeaking chip stuck on a chunk of plastic.
     
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  16. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Yet if someone gets paid out by one of the tumbling services they can get conspiracy to commit money laundering charges.

    The coming alternative to SWIFT being worked upon by China and Russia poses a much bigger threat to the western Banking system than bitcoins ever will.
     
  17. zebrahat

    zebrahat Elite Member

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    When bankers are in control of currency, it means we aren't, so it means no change. The BRICS alternative system is just the NWO banking system version 2.0, being put together to pick up the banking pieces after the dollar/euro collapse.

    It's not a true threat to the system the way BTC is, it's a "meet the new boss" replacement whose practices will be "same as the old boss" once up and running. Only a system like Bitcoin, which is not controlled by the banks or the state, can be a threat to the banks or the state.
     
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  18. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    There is no global banking conspiracy as they are all in competition with each other, there is also no NWO.
     
  19. peepin2me

    peepin2me Regular Member

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    Strange, I was telling my friend a week ago something like this was bound to happen.
     
  20. mazak85

    mazak85 Regular Member

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    I hope no one is taking this seriously.

    A small bank blocked a transaction related to BTC because they didn't want to waste their time dealing with all the anti money laundering policies.

    On the global scale BTC has a market cap of like $4 bln. and it's literally nothing. For example look at the daily volume of FX market to see how little it is

    GLOBAL FOREIGN EXCHANGE MARKET TURNOVER
    (Daily averages in April in US$ billion)
    Instrument 2013 2010
    Foreign exchange instruments 5,345 3,971
    Spot transactions 2,046 1,488
    Outright forwards 680 475
    FX swaps 2,228 1,759
    Currency swaps 54 43
    Options and other products 337 207
    --------------------------------------------------------
    Turnover at April 2013 FX rates* 5,345 3,969
     
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