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.
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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.
Total rubbish!
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.
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!
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
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 get rid of Facebook and the MSM.
Im with you.
Amazon.
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
That's right.
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! :)
Money laundering is the main reason kept banks scared!
Good post!
If you want to improve your payouts you can read this SteemIt Guide:
I think in the next few years, all banks will create their own token or at least they will have a balance of cryptocurrencies and Ripple.
Blockchain will go everywhere and it's unstoppable as Bill Gates said.
Thanks Josh for this interview, helpful as always :)
You still have a long way to go, young people. But you will change the world.
well when you put it that way... really makes you think. Thank you Bill.
I've noticed how good you are with computers there, Bill. Hows about you join me and my team?
I'm old, and I have a lot of things to do.
Do it for the young people, Bill.
Thank you
sorry
I cheated you
I'm not Bill Gates
I am his followers
I'm a fan of his fans
It's OK. God forgives and I forgive you.
Yeah, of course they have to adapt immediately if they want to save their business. People change to the cryptocurrencies because we sick of the complicated financial system by the bank
Bank of America cited various aspects in their recent fiscal report. Key among the issues is the widespread acceptance of cryptocurrency in the business world, because the widespread adoption of cryptocurrency could lead to the loss of clients in the future - Bank Of America: Cryptocurrencies Pose A Threat To The Banking Industry:
"Clients may prefer to do business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies"
"Emerging technologies like cryptocurrencies is making it hard for us to track the movement of money. For us to conform to these laws requires us to enhance our capacity for detection and reporting capabilities as well as the oversight modalities"
Resteemed+upvoted
That would be hilarious is BofA came out with their own BofA coin and made exchangeable for Fedcoins? Would you buy that garbage?
nice one
I think majority of governments will be worried to see some parallel currency in trade that can be minted (mined,POS/POW etc) by an individual.
I agree that banks and credit card companies are horrified with the popularity of cryptocurrency.
https://steemit.com/cryptocurrency/@sumanpuja/banks-and-credit-card-companies-are-horrified-with-cryptocurrency-popularity
true!
beu jai jai loem ka share beurita lagee nyan beh.
.
Will work for $BD/$teem. Central Banking using a fiat currency whitch also employs Fractional Reserve Banking practices is the lynch pin that holds their fake, fraudulent & fixed system in place. If we take the issuance of currency away, they'll not be able to sustain their fraud & will implode! Will wirk for $teem...discounts for paying in $BD.
Good to see the status quo being shaken up. Way to make good use of JB's studio. I'm optimistic about the potential for a decentralized world with abundance and liberty for all who desire it. Cheers!
“In order to change an existing paradigm you do not struggle to try and change the problematic model. You create a new model and make the old one obsolete.”
― R. Buckminster Fuller
WeAreCrypto!!
very informative post
Cant Stop Us! Bitcoin & Crypto getting faster and cheaper by the month!
Great show!!
The banks are scared to death, they know we don't need them, and we have to fight for the liberty that they rob us since yesteryears.
Crypto is going to change on how we make business with person to person, no banks (middle man) is involved.
Bank of America scared? great news!
Luke good to see you here on DTube!
Banks are not scared of Crypto. Banks are scared of the people that HODL‼️ Think about it🤓 95% of all the people in crypto, want their cryptocurrency (coin) to MOON🤦🏾♂️🚀 So they can sell their crypto for fiat and HODL it in banks 🤯🤯🤯
Thank you for posting you who have given me news, I am very very happy with you
@lukewearechange
awww yeaaahhh
Great job hopefully cryptocurrencies survive so we call can benefit instead of a couple old heads in power.
Well done, gentlemen! I agree with you Luke, consistency counts!
Mind Blowing stuff & encouraging!
We should all increase our knowledge about cryptocurrencies. It may be the main thing in the future.
So true, reason why it's decentralized. Banks and the government be reaping us off for long.
When a third party like banks are no longer needed to handle the transactions, what good is left for them?
Those are really good news. Thank you for the information.
The middleman always gets scared, when they know their time is up and they're about to be cut the fuck out!
this is only the beginning of something bigger than we can currently imagine!! Great post!!
Very enjoyable look, and good info :)
i give 100% upvote
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@lukewearechange The same event occurred in my country. Government bans for similar reasons. We search cryptocurrency so not the spirit.
How we deal with it ?
We are living in a demonic world run by tares and wolves, why would they want us to break free of their tyrannical monetary systems. Crypto is a definite threat to the Global elite 'people'
Great post, thanks for sharing.
Follow me @thunderland
Hello :)
nice article you have here.Check out my articles.
Yes... All banks hate Cryptocurrency. Between 2016-2017 I've lost 6 bank accounts included 2 business accounts also. Till now one of the bank put my name on fraud black list (even Ombudsman didn't help me and stood by the the side of the bank of course!!!!)... And everything was after I begun to trade btc.
However even now I think all Cryptocurrency is the best allocation money ever.
Btw... Couple days ago I read somewhere an article how the Polish National Bank (read Rotschild Polish Bank) paid $30k some guy to put FUD news on youtube to scare people about trading btc!!!! And when I checked how many views he had it was so many!!!!
So I see banks will be pain in our arse still :(
You can check this info here:
https://www.google.co.uk/amp/s/amp.reddit.com/r/Bitcoin/comments/7ykxex/polish_youtuber_was_paid_30_000_by_polish_bank_to/
And about how the banks ripped me off you will read shortly on my blog @plinglish