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08-25 03:42 - 'How long before we see bank issued crypto currencies (Citicoin, Americoin, Gold(man Sachs)coin?' (self.Bitcoin) by /u/rantus removed from /r/Bitcoin within 0-8min

The way I look at it is like this: The banks can slow this down but they aren't stopping it. They can only slow it down because politicians are nothing more than bag men. You hand them the cash, they do what you want. But as Bitcoin gains more and more strength then Fiat will devalue, maybe only marginally, but crypto is not inflationary. If you think that the bankers aren't plnning on using it to hedge against the future then I think you're sadly mistaken.
Altcoins have (thus far) shown relatively little circulation/usage. But if the banks started mining their own coins then what? Name branding goes a long way. Not only could they create their own coins but they could create a payment infrastructure to support real time simultaneous payments/exchange with othetr bank issued coins.
Any thoughts on this? Other than state issued crypto, and the original Bitcoin itself, what would be able to compete with those kinds of resources?
How long before we see bank issued crypto currencies (Citicoin, Americoin, Gold(man Sachs)coin?
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Author: rantus
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Inside a Bitcoin mine that earns $70K a day - YouTube

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