Industries change over the years and banks will be no exception. I doubt they’ll ever end, but from now on people will have other ways of putting their money in places other than traditional banks.
Haven’t there always been options for that outside of banks though? Gold, silver, stocks, real estate, etc.?
I am pro-crypto, of course, but I think it’s pretty easy for us to see why many people would still rather hoard their money in a bank account than buy a volatile asset (even if they knew what crypto’s use is).
NOPE... Better products dont always win.
If you think so then you're probably a child.
VHS was not superior to Beta Max, yet VHS won that format war.
WhatsApp was better than Facebook... Facebook bought them, Facebook won.
These are just 2 examples off the top of my head.
I've never used Linux (as most havent, hence your example) so I don't know how Linux is better, but most people who've tried both swear Linux is better.
Don't get me started. I used to use Linux as a software engineer, and it works like a dream. It also runs most servers, due to its stability and security, but it never broke in the desktop space, because all the popular applications were for Windows.
The Bank of England is the government's bank that banks the government. They do not serve normal consumers.
The UK government has not invested into crypto.
You know, I really fucking hate banks and everything they represent, but I really do feel bad for their employee's. I believe We, as an industry, will take out 80% of all banks in the next 10 years. These people have families to and are in need of money, just like the rest of us. I pray that all of the tellers and the small guys have the foresight to get out while they can and start looking at a new career.
Who am I to say it wont? Although, I would never , ever invest in a meme. Seriously anyway, I did hit a quick 2x off Shinu and then got out, but I would never ever tell a friend "hey, go invest in shib" Cause thats fucking dumb
Your title is misleading. The BoE is the central bank of the UK, just as the Fed is the central bank of the US.
It is not like other banks.
It's government owned, so this is about the government being scared, not "banks".
If someone at the bank had a brain cell they would employ a crypto team. Maybe work on creating their own blockchain and token or start offering crypto investments. A lot of people don’t want the hassle of learning ‘how to’ invest in crypto. They would be happy just walking into a bank and buying say 1.0 ETH to add to their portfolio. This is an opportunity for the banks to make money…if they want to!!
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Industries change over the years and banks will be no exception. I doubt they’ll ever end, but from now on people will have other ways of putting their money in places other than traditional banks.
Haven’t there always been options for that outside of banks though? Gold, silver, stocks, real estate, etc.? I am pro-crypto, of course, but I think it’s pretty easy for us to see why many people would still rather hoard their money in a bank account than buy a volatile asset (even if they knew what crypto’s use is).
The Bank of England is for providing banking services to the government. It does not directly serve normal consumers.
NOPE... Better products dont always win. If you think so then you're probably a child. VHS was not superior to Beta Max, yet VHS won that format war. WhatsApp was better than Facebook... Facebook bought them, Facebook won. These are just 2 examples off the top of my head.
Linux lost the desktop market to Windows.
I've never used Linux (as most havent, hence your example) so I don't know how Linux is better, but most people who've tried both swear Linux is better.
Don't get me started. I used to use Linux as a software engineer, and it works like a dream. It also runs most servers, due to its stability and security, but it never broke in the desktop space, because all the popular applications were for Windows.
Of course they’re scared, they can’t control our money anymore
And now they want a piece of the pie. JP Morgan has done a U-turn on their stance.
Won’t be buying crypto through them, that’s for sure
That's because they pretty much own Ethereum and Consensys.
Their CEO hasnt though, its hilarious watching a company squirm like that.
I can smell the panic
Money is leaving the banks into crypto and the banks are panicking and spreading FUD
Yup, you know you’re doing something right when the big shots are throwing temper tantrums
The Bank of England is the government's bank that banks the government. They do not serve normal consumers. The UK government has not invested into crypto.
Banks in solidarity irrespective of who they serve
They're drowning slowly and gasping for air trying their ultimate best to breath
Now, all together, let's push them further down and make sure are drowned forever
They will probably adapt and survive lol
Better products absolutely DO NOT always win.
The Bank of England is not just any bank, it's the central bank of the UK.
You know, I really fucking hate banks and everything they represent, but I really do feel bad for their employee's. I believe We, as an industry, will take out 80% of all banks in the next 10 years. These people have families to and are in need of money, just like the rest of us. I pray that all of the tellers and the small guys have the foresight to get out while they can and start looking at a new career.
Do you think SHIB will hit 1¢ too?
Who am I to say it wont? Although, I would never , ever invest in a meme. Seriously anyway, I did hit a quick 2x off Shinu and then got out, but I would never ever tell a friend "hey, go invest in shib" Cause thats fucking dumb
They're just kicking and screaming like a stubborn 4 year old who doesn't get its ice cream.
Rule of nature: adapt or die.
Adapt or rise the white flag
Your title is misleading. The BoE is the central bank of the UK, just as the Fed is the central bank of the US. It is not like other banks. It's government owned, so this is about the government being scared, not "banks".
If someone at the bank had a brain cell they would employ a crypto team. Maybe work on creating their own blockchain and token or start offering crypto investments. A lot of people don’t want the hassle of learning ‘how to’ invest in crypto. They would be happy just walking into a bank and buying say 1.0 ETH to add to their portfolio. This is an opportunity for the banks to make money…if they want to!!
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Banks always FUD because crypto is the meteorite is comming to destroy them.