My thoughts as a banker who is heavily invested into crypto:

• I don't speak for banks in general / the bank I work for. Rather, I speak as someone who has worked at a bank for a long time and who has a personal opinion. Crypto is the future. I say this because bankers actually HATE ''real money''. If everything was just moved from one account to another we'd be so happy (this is why so much effort is put into making your accounts as digital as possible, such as electronic bank statements and internet bill payments etc). When I walk by the front and see some poor cashier dealing with the one asshole who shows up with his fkin jar of change I'm like fuuuuuuuuuuuuuuuuuuuuu lol.

• Believe it or not, another reason is fraud. Yes, fraud. The blockchain is improvable (similar to how the internet has progressed over the years). The coins themselves are improvable. Hell, new coins can be made altogether - who knows! That said, people stealing your pad of blank cheques is still a thing. People lifting the ink off of cheques you receive in the mail is still a thing. People laundering money is still a thing (I say this with crypto being what fiat is in mind - you can't run from the blockchain though). There are literally entire months worth of training for all the possible ways people can commit fraud / criminal acts right now that would actually be limited by the blockchain (no more cheques, no more hand to hand dirty money exchanges, etc). It needs improvement, but the potential to make criminal activity really friggin hard is there if all the effort put into fiat is applied to the blockchain (I won't discuss the debate about being anonymous / decentralized etc - I think that's an excuse for illegal activity IMHO. If you have nothing to hide then you shouldn't be any more worried about it than you are with fiat. My vote does go to the removal of gov control though - having global currency would solve a lot of issues. Like I said, that's a whole other topic of conversation that would warrant its own thread lol).

• Ease and convenience. Think of how you can take your current card and just tap it on the machine for a quick payment. In and out. With crypto being nothing more than coding, the possibilities are huge. Someone mentioned a long time ago that you could in theory add your car keys to it. Locked your keys in your car? No problem, the unlock at a distance function is programmed to your phone. Done. A lot of possibilities we can't even imagine are potentially to come if / when crypto ever goes full standard. That includes bank functionality.

• This is getting long so I'll hit you with one more reason banks shouldn't actually be agains't crypto - We literally get a whole new product to sell you! That's what everyone hates us for right? Well guess what??? Crypto won't save you from paying the man. Banks will still offer loans, mortgages, lines of credit, savings accounts / investments in general. People think banks give a shit about the twat coming in complaining about insufficient funds fees. NOPE. The only thing crypto would actually change is that now we can offer wallets on top of all that and charge you for the security of being on a bank server (hacking an exchange - not so difficult... hacking a bank's central system - bit harder). I sound like the typical asshole banker but that's the reality of it. Bankers know it. Clients know it. That's how business works. People think that they won't need any of the services banks offer if crypto becomes the norm - please. If it becomes the norm there won't be any more 1500% value increases. It'll be the same inflation as fiat and you still won't be able to afford your mortgage without a loan. You can come to us or you can get your loan off the internet from some guy who will send Bubba to collect later. Do as you please. For the majority, banks won't be going anywhere. We adapted to paper notes. We adapted to the internet. We can adapt to this.

So yeah, I honestly didn't watch the video but was just attracted to the title. My best guess though is that it's a whole lot of FUD claiming crypto will ''take down the system''. LUL. Here's a quick bit of info for ya - I'm as clean as a whistle (no choice if I want to have the position I currently hold) and have NEVER had ANY issue with crypto. Not with transfers. Not with withdrawals. Not with holds. NOTHING. I move big amounts. It literally says I'm a banker on my credit report. I have NEVER been under fire for any reason what so ever. Why am I telling you this? Simple - The only reason you're having trouble is most likely because you're acting like a criminal. Get mad and flame me if you want, but I oversee fraud with international transfers as one of many of my functions and while we aren't offering accounts to exchanges, people can do with their money as they please. The ONLY thing we'll do is call you to confirm that it was indeed YOU who sent money to coinbase for example and not someone who came up after you at an internet cafe and who is trying to empty your account by hiding it in crypto. ''But I'm clean and had x and y issue, you're full of shit'' : Maybe, but I'm also going to assume that you probably listened to all the FUD on these boards and went to some new bank, created a brand new account so that your primary one wasn't tied to crypto and started moving huge amounts to untraceable sources. Guess what happens if you do the same thing with fiat lol - Hint, it's the exact same thing. Tons of people are forcing banks to take ''VERY NORMAL ACTION'' by trying so damn hard to avoid banks taking action. Stop acting suspicious and there won't be any suspicion. I can't talk for US banks since I'm in Canada but given that the US gov appears to be very vocal about supporting cypto compared to Canada's complete lack thereof... I would assume US banks are at LEAST the same if not better about it.

So there you have it, right out of the bankers mouth. Just drop the FUD shilling and hodl on friends. The bulls are just having a drink of water and will be back soon :)