Banks Are Terrified of Cryptocurrencies & This Is Why

in #news7 years ago


In this video, Luke Rudkowski talks once again with Josh Sigurdson of World Alternative Media about the latest in crypto news!

This week Bank of America warned in an SEC filing that there's a serious concern that cryptocurrencies will hurt their business and that they need to adapt immediately.

An investigation by Nikkei Asian Review in Japan showed that cryptocurrencies only made up for about 0.16% of money laundering reports which contradicts the mainstream claim that crypto is mainly used for laundering.

Another notable story is the attempt by states and central banks throughout the world to create their own cryptocurrencies.

Visit our MAIN SITE for more breaking news http://wearechange.org/

Find Josh Sigurdson on YouTube:
https://www.youtube.com/channel/UCLdZo0Mkh_z2IQZSmD8Iy0Q

On Facebook:
https://www.facebook.com/LibertyShallPrevail/

On Steemit:
https://steemit.com/@joshsigurdson

Help us stay alive:

PATREON https://www.patreon.com/WeAreChange?alert=1&ty=h
SNAPCHAT: LukeWeAreChange
FACEBOOK: https://facebook.com/LukeWeAreChange
TWITTER: https://twitter.com/Lukewearechange
INSTAGRAM: http://instagram.com/lukewearechange
STEEMIT: https://steemit.com/@lukewearechange

OH YEAH since we are not corporate or government owned help us out http://wearechange.org/donate

We take Crypto Coins

Bitcoin - 1F6oeUnhXfr5UMC95apbJg7CLjm3BUrT8V
Dash - XiZebHViTKxjngJ8U8Gekbz34XDcMjKe29
ETH -- 0x9124589c4eAD555F04a7214214c86EA80E129abB


▶️ DTube
▶️ IPFS
Sort:  

Banks are not terrified of cryptos in the least. Cryptos are not much more that a bug that can be squashed at any time. The only reason they are allowing cryptos to survive now is just to let us work out the bugs before they come in and take it all over.

Good stuff, just followed.

We've seen lots of dollar laundry around the world, especially in south American drug cartel, but they don't care about it. One thing so funny is that they keep printing money, then the people keep depositing crypto inside their wallet to hedge inflation and economic collapse. ;)

You still have a long way to go, young people. But you will change the world.

@corexx have a point,
I am very glad you are talking about this because I believe your voice is likely to be heard. I know others have talked about this in the past, but I don't see this being taken as seriously as I would like it to be.

This is the only real negative I see on this platform. Any other problems are rather trivial, but like you say, this could get someone hurt.

Thank you for talking about it and I hope this conversation gets some traction.

A case of calling a dog a bad name in order to hang it. The hedge against inflation of crypto could even be better than that of real estate.

Banks are terrified and are only doing their BEST to slow down the process, this is why we all need to keep sharing with others the TRUE benefits of Crypto Currency's and the long term vision. It all starts by helping 1 person a day understand Blockchain & Crypto and show them how to use Crypto... 2018 will be an epic year

It's going to be amazing!

JS2.jpgLR.jpg

Josh & Luke make a great pair to cover the topic of cryptos!

Love watching their individual channels and have been doing so for years.

They work tirelessly day in and day out to present the truth to us. That is why I put them in my dream team of HEROES OF TRUTH

__HEROES_OF_TRUTH-wURL.jpg

Keep up the fantastic work guys and hope you are not too cold getting back home after Mexico!

lol Well thank you! Weird to see my mug in there. haha

Not a mugshot! You are a very upright and passionate person! Keep it up!

The banks should be scared. A freer, better product is about to replace them much more efficiently and honestly.

Let us all introduce steemit to our friends and families so they can enjoy cryptocurrencies, empowering them and also alleviating their poverty.

what i love about cryptocurrencies is it's fair to everyone, unlike other investments only capitalists get rich

Let's also begin to trade, conduct commerce in $teem/$BD for realz!!! Replace the dollar with $BD in your everyday purchases! I'll work for $teem/$BD. If you sell stuff...offer discounts for paying in $BD/$teem.

Luke looks luke my brother... B.T.W.

Banks will have difficulty competing with cryptocurrencies exponential rise to the market. If they will not adapt it now then they will have difficulty adjusting their business in the market and soon bankrupt is imminent!

i think you should replace the world 'dificulty'' with 'trouble'.

Thank you for this quote it is priceless!!

I agree ,,,, but btc was a Deep state creation ,,, the motive is slowly surfacing

They’re terrified of crypto because their fiat based debt is going to be worthless. Crypto currencies are like a black hole for conventional financial assets. The gravity willl be so great that nothing will be able to escape the pull!!

You still have a long way to go, young people. But you will change the world.

Haha! Thanks @bill-gates! It's just a matter of time, can't predict when. Gotta play smart!

banks are scared of crypto like youtube is scared of dtube

Hell yeah, you hit the nail on the head

yes banks are scared because crypto market never stay's stable.

Yh. We have seen it in the likes of Jamie Morgan's comments. It's the next big revolution

haha they better be! :)