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RE: BANKS CAUGHT – WHO ARE THE REAL CRIMINALS?
CCN had an article today stating that Bank of America admits cryptocurrencies are a threat to its business model
https://www.ccn.com/bank-of-america-admits-cryptocurrencies-are-a-threat-to-its-business-model/
First they ignore you, then they laugh at you, then they fight you, then you win.
Mahatma Gandhi
Thank you for reading the post
Well, for them to be open about it shows how big they see it as a threat. 2018 will be the year they try to tear down the crypto's using the anti-money laundering as their excuse.
The more time passes the better. Other countries are introducing regulation which is definitely not hostile to cryptos. Look at Japan, Switzerland and now Austria.
The appetite to go all out against cryptos does not seem to be there.
While there will be some ugly regulation shoved down our throats by banks through their patsy legislators, I think the time to kill the entire movement may have passed. This may be especially true if the banks find ways to rig the market and profit from it, which of course they can do.
Do you think they can tear it all down?
De-value and discredit! This has been their first attempt and that has worked to a point, but it's proved the cryptos just bounce straight back. So it's on to round two. Stopping people using mainstream banking to access these services.
Wait and see how far they go with that.
Overall they will keep trying, but all they will do is show they are working against the will of the people!
If that is your picture, I assume we are about the same age. Seeing the way, the young people have embraced the cryptocurrency space and the ideas behind the decentralization movement gives me hope. I must admit I was pretty down on Millennials.
Yep, that's me alright. I think your right they are the ones that have connected with it more. Hopefully, they stick with it and don't get put off by the old school banks.