What is BankersAgainstBitcoin.Org? Times Have Changed
The website BankersAgainstBitcoin.org calls the attention because of its name. But… it is not what it seems to be. The website is meant to be a joke, but one that will become reality in the very near future.
The main purpose of the site is to represent what will happen to the industries that are not able to understand that times have changed. Legacy industries that have been unchallenged for the last years will see how their monopoly slips away.
The website reads as follows:
“The consumer abuse that’s been possible due to a lack of competitor is over. The biggest competitor big banks have ever faced has arrived and it’s not a company or organization, it’s a decentralized technology.”
Of course, the site is talking about cryptocurrencies and blockchain technology, which are changing the way in which industries work. Banks are facing an important competition from non-traditional financial services, including virtual currencies and blockchain-related platforms.
If banks are not able to embrace these new technologies and offer similar services as cryptocurrencies and these new competitors, then, they will see their control slip away.
“It will soon no longer be possible to charge the poorest people in the world exorbitant fees to send money back home to support their families,” says marco Streng, CEO of Genesis Mining. “Industries like the lucrative $15 billion overdraft industry that enrich banks will soon disappear. And all the middlemen who’ve built business models simply from being in the middle – will see their control slowly slip away.”
The page explains that the main intention of the website is to raise mainstream public awareness for bitcoin and the power of blockchain technology through creative public campaigns.
The campaign included an important number of billboards and taxi top signs across the United States, and the launching of a Bitcoin 32 kilometers into space and complete the highest altitude peer to per transaction.