No, again spoken like somebody who bothers to know what the hell they’re talking about. Which is clearly NOT you.
I’m not confining my thoughts. Actually you’re the one confining your thoughts, you think it’s either or on banks, it’s not. It’s HOW banks. Banks will always be there, the question is how they’re doing what they do.
BCT is NOT a threat. Really bother to use your brain and not your exuberance to two minutes. These banks have been involved with money laundering for hundreds of years. They INVENTED it. If you actually think the organizations that INVENTED money laundering aren’t heavily involved a currency that is perfect for money laundering you’re a moron. I guarantee each of these major banks is the power behind at least 1 crypto currency, and they all have money tied up in all the others.
Bankers aren’t going to be screaming. They’re going to be laughing at all the idiot revolutionaries buying crypto currency made BY THE BANKS and thinking they’re part of the rebellion. And then these fools will be wondering why the banks aren’t going under while they keep exchanging bank issued money.
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> “BCT is NOT a threat.”
Answer this: how is a centralized bank clearing house going to operate in a decentralized world?
Answer this: how is a banking network going to control independent decentralized networks that operate independently outside them?
Answer this: Andy and Molly agree to transact business via a BCT based Acme P2P personal computer accounts. How will a bank insert itself as the middleman?
Answer this: Similar to the previous, Scott and Dilbert agree to transact stock using a BCT P2P App. How does a bank get a piece of that action?
Answer this: ABC Bankhole offers its account holders a cryptocurrency feature. Account holders Susan and Eric have been transacting P2P using a homegrown crypto program when an annoying popup ad emerges on their screens announcing the latest crypto offer from their old useless bank. Why should they bother to respond other than get malware blockers to block this bankhole pop up?
The banks are the road to obsolescence. There is no other road for them to get on. They had their day, a very long day, and its coming to an end.
Here are the only things they can do to SLOW the inevitable:
1. Start a war
2. Buy legislation
3. Stifle, shutter free speech
4. Trap people with teaser credit offers
The difference is that they do not control it, and that gives them less power than they have with currencies they control (e.g. inflate).