What happens when the banks make their own decentralized currency? Does this kill the bitcoin?

What happens when the banks make their own decentralized currency? Does this kill the bitcoin?

>what happens when the junkies make their own drugs

Ripple
And no

I dunno, ask the federal reserve.

kek

Wouldn't that defeat the purpose of the crypto

>Banks
>Decentralized

Yes thats why experts view people who think bitcoin will be an actual currency as complete retards. Its best use case right now is as a speculative vehicle and using it to buy alts. States will come out with their own virtual currencys eventually as it just makes sense and saves alot of money than using the physical stuff.

fucking KEK

no, that kills the bank

People don’t want just “virtual currencies” they want something that is not controlled by any one financial institution, or government. They want it trustless, and decentralized. The real early adopters of BTC are ambitious enough to take power from the elite and corrupt and give it to the masses. That is literally what this is all about. How can you be so arrogant and blind to this?

I'll invest into it then.
As a rule of thumb, if it goes public you can hop in. If it's non public for internal bank use, who cares, no money to be made there.
Also, the strength of a blockchain depends on the size of the network, and only public networks where miners are rewarded would reach a big enough size.

Each bank issuing their own blockchain is laughable

It's very possible that decentralized currency is the future.

That doesn't mean that currency is going to be BTC.

lmao. They want to get rich fast because they never saw a chart or market in their life before.
>muh ancap fantasy

It would obviously be run on a blockchain you brainlet what dont you understand about that. Do you think nations will adopt bitcoin as their currency and get rid of their old one? no lol

Wait until google and amazon releases their own crypto
Bitcoin was a nice proof of concept desu

Doesn't necessarily mean, mostly likely does though.
There is no way a different crypto is accepted by normies before Bitcoin.

They're not going to flem. The bajongo's at the bank are going to buy into ETH even before the race war 1. Happy districting!

and what they will gain from this

This

>wait until sega launch its new console dreamcast!
>wait until kodak starts making digital cameras!
>wait until blackberry and nokia start making smartphones!

Sell their own products for their own currency that they sold to you for $
Gift cards 2.0

For Amazon it's obvious

For Google it would just be another pet project they abandon

>wait until microsoft starts making consoles
>wait until google starts making smartphones