This Mega-Bank is Preparing to Launch its Own Bitcoin Competitor

[Ares]

http://thewealthwatchman.com/wp-content/uploads/2015/11/JPM-3.jpg

This week we take an in-depth look at the fast-approaching trend of cash/payments, what forms it’s taking, and who is trying to win the war for what that future will look like.


Specifically we discuss:

The mega-bank creating what they hope will be “Bitcoin’s competitor” …

What that technology actually is(it’s not a blockchain), and how it differs from crypto-currencies…

How that bank is going on the offensive, in attempts to front run bitcoin in the race for market share…

The surprising reason why this bank(and many other corporations) are vying for this technology instead of bitcoin technology…

The bankster agent “assigned” to bitcoin, and what that person’s mission is…

Why I’m choosing to make our community aware of bitcoin, cryptos, and this new technology to begin with…and…

Lastly…

How we can each vote with our dollars to bring the fight to this wicked bank!


https://www.youtube.com/watch?v=MmfOXGjVWRY

Link to video: https://www.youtube.com/watch?v=MmfOXGjVWRY

http://thewealthwatchman.com/this-mega-bank-is-preparing-to-launch-its-own-bitcoin-competitor/

[mick silver]

I have said many times that the banks would control bitcoins . if they didn't control all forms of money then it would mean that they have lost control and this is not going to happen without a fight

[Ares]

I have said many times that the banks would control bitcoins . if they didn't control all forms of money then it would mean that they have lost control and this is not going to happen without a fight

It's exactly why you are seeing them start their own to try and compete with Bitcoin. They don't control bitcoin, so they are going to use their name recognition and already established regional/national/global name recognition to compete with it and hopefully stamp it out.

[monty]

It's exactly why you are seeing them start their own to try and compete with Bitcoin. They don't control bitcoin, so they are going to use their name recognition and already established regional/national/global name recognition to compete with it and hopefully stamp it out.


With something they will be able to devalue.

[madfranks]

With something they will be able to devalue.That remains to be seen. If it's something they can create more of to devalue, it won't be like Bitcoin. Which means this could just be deception, offering their own "bitcoin," but providing something entirely different.

[monty]

That remains to be seen. If it's something they can create more of to devalue, it won't be like Bitcoin. Which means this could just be deception, offering their own "bitcoin," but providing something entirely different.


What that technology actually is(it’s not a blockchain), and how it differs from crypto-currencies…

It was this statement that cought my attention and makes me think it will be something they can devalue. "They" don't want a sound currency.