Andreas Antonopoulos Sure Knows How to Explain Bitcoin Simply.
Those who sit at the top don't like to share power. Bankers don't like sharing!
Why Bitcoin Terrifies Big Banks.
7 years ago in #bitcoin by hilarski (76)
$54.39
- Past Payouts $54.39
- - Author $46.87
- - Curators $7.53
203 votes
- v4vapid: $17.62
- done: $6.84
- lukestokes: $2.52
- hilarski: $2.26
- worldfamous: $2.21
- bobbylee: $1.87
- ajvest: $1.70
- stackin: $1.54
- thecryptofiend: $1.37
- nanzo-scoop: $1.21
- churdtzu: $1.13
- hansikhouse: $0.95
- anahilarski: $0.91
- streetstyle: $0.79
- gardenlady: $0.72
- dan-atstarlite: $0.61
- gringalicious: $0.54
- whatageek: $0.50
- thorthur22: $0.47
- sunscape: $0.44
- and 183 more
Bankers have to learn to start sharing because things are changing.😁😁😁
They will never learn, so instead we'll show them :D
Bitcoin is the most disruptive tool in the financial ecosystem. Big changes are coming to the financial sector in 2017, new business models are forcing the hand of banks to rethink their strategies.
Buck the fankers!
Outstanding explanation. In my opinion, the banks are the root of all evil in the world. Bitcoin may be the solution for freeing the world of their stranglehold. But, what if they pull the plug on the internet or regulate it to their advantage?
Whenever something goes against the established and against the profits of the international banking, they will try to disregard the bitcoin and its progress. But it is already proving that bitcoin is the future.
I love how he brought up the issue and use case of Bitcoin for remittance payments. One of the most important use cases for cryptocurrency in my opinion. Thanks for posting this!
@hilarski, what do you think of our report on the potential fate and future of Bitcoins?
https://steemit.com/news/@blockrush/bitcoin-down-to-usd3-700-your-top-3-questions-are-answered-about-the-fate-and-future-of-bitcoin-blockrush
nice to hear from boths nice explanation and also good video share u @hilarski and i think the bitcoin and also crypto is the big key to unknown transactions for any big bukies and politicions
They're now terrified of Bitcoin Cash. Bitcoin as-taken-over-by-Blockstream was cool for the banks but now they look like they are going to lose that.
Yes man bitcoin is the key of progress where banks and politics are corrupt and for the global economy
I think banks will adapt blockchain technology soon! Better to do that :)
Change is not always easy so banks are afraid to change
Bitcoin will take Banks out of business. Screw the banks.
I am actually quite impressed on how well he explains Bitcoin. He shows an amazing knowledge about economics in finance in general besides what he knows about cryptocurrencies.
Yes I love how well Andreas explains Bitcoin!
Banks and Insurers are done for so many different reasons.
I might even write about this in the future in a more detailed and professional way :).
I do love Andreas!
Change is not always easy so banks are afraid to change their mind sets and come out of their comfort zones.
I will keep this "Those who sit at the top don't like to share power" that applies to everyone that has power.
Bankers don't like sharing but they might start when they see funds being drained and put into cryptocurrencies
I can't wait till the day most things are decentralised and everything becomes fairer, faster and more distrubuted.
Wonderful post @hilarski ...☺☺
The big banks hate Bitcoin because they don't control it. So, some of them tried to undermine cryptocurrencies...
@hilarski
Crypto money is a revolution for us and it's the way to become free in the world of finance
It's clear that the financial system will attack the cryptomoney when it is fully developed and accessible to all,
at that time it will have no choice but to destroy it to retain their domination on us
@geemo-from-paris
Bitcoin doesn't terrify big banks.
If it did, they would shut down the internet. No, really.
The big banks, and TPTshouldn'tB believe they have a grasp on the situation. That they are just going to use this to implement their digital-SDR. Not even realizing that they have missed the boat.
Things are moving so fast in this arena, that they are already designing their system on old technology. By the time they are ready to implement it, they will be so far behind that it will crumble to dust in their fingers. By the time they are ready to implement it, bicoin will probably have un-split and become 10x better.
(Yes, un-splitting will be a thing, and the simplicity of the algorithms will blow people's minds)
If the Big Banks actually knew what was coming, they would quietly shut their doors.
"If the Big Banks actually knew what was coming, they would quietly shut their doors." Then the game wouldn't be interesting. :) Now we get to watch them eat some old fashion "humble pie".
I really don't find train wrecks interesting. But, I am trying to adapt. Because laughing at the calamity is better than crying at the calamity.
Also, the big banks are just the first domino. The entire financial industry is about to be turned into a wasteland. Insurance too.
I got into bitcoin and crypto because i was intrigued by the way its boycotting institutional and organization bodies that have enslave human right from time.
Banks have no option but to adapt to what the future wants hence they continue living in the past, thinking they are in the presence while the future has begin and already rounding up.
vienes grande cambios, gracias al bitcoin buen post
Great post @hilarski
Summarily, Bitcoin will do to banks what E-mail did to Postal office
This is an excellent video. Thanks so much for sharing it with us!
So interesting how fixated the media is on showing physical bitcoins during these segments. I wonder when that will eventually shift.
they will fear more from it in upcoming days!!
I doubt the bankers are sitting quietly and waiting for their demise at the hands of some computer code...
Just like their creation of the Banking Cartel of 1913 called the Federal Reserve they will sooner or later attempt a deceptive takeover one way or another of the Bitcoin protocol.. by adding a settlement layer maybe in a deceptive way to make it look good for everybody while adding transaction fees that go to them?
When that happens confidence in Bitcoin will fall and either a hard fork needs to happen or people will move to other altcoins.
But regardless of the cryptocurrency people will choose, the killing blow on the banks was when the Blockchain technology was released as open-source. Pandora's Box was opened on that day.
Unless they kill the internet people will just create a new cryptocurrency to adopt each time the banks corrupt the ones they use.
Yep! Those bankers don't like cryptocurrencies as it takes them completely out of the game. Oh well, the pony express riders were put out of business by the telegraph. Thanx for sharing this.
Bitcoin is a disruptive factor to the banks who rely heavily on their ability to control, with bitcoin they lose such ability.
I not want more banks , They must go. They had the opportunity, but they did not use it, but only helped their wealth.
This words has come from their own mouth, "They do not care about the money, if they need it, then they will print it."
So why we need them ?
I hate banks, but they are the Goliath in this world. They have ruled us for centuries, they will not share or give up their power so easily. People are still too dumb to realize it or do anything about it. I'm afraid the few bitcoin fanboys won't make a difference, because in the end, poor people will do anything to hold green or gold in their hands, not some virtual currency that requires a computer and internet which they cannot afford. Moral of the story, as much as I hate to say it, banks will still rule for a long time.
amigo #resteemia at your service
the way ripple (xrp) do, is a good example for banks to be joint forces with block chain technologies. nice video sharing @hilarski
ReSteemia
'UpVote ReSteem Comment'
Let the banks get terrified. Do we own them any favors?
@hilarski - Sire, this is a very useful video Sire. Traditional banks are now in a risk Sire. I love your post too Sire.
+W+ [UpVoted & ReSteemed]