While the Hilton Midtown Hotel was preparing for the reception of the large-scale blockchain conference Consensus 2018, an unusual action took place on the adjacent streets – bankers protested against bitcoin.
To the ordinary passer-by people, it might seem that everything is in order of things: different kinds of pickets, protests, and demonstrations in New York – an event no less common than going to the grocery store.
In fact, this protest action was organized by bitcoin supporters, who thereby wanted to show the near future of our world. When breakthrough technologies based on blockchain will make the existence of traditional financial institutions unnecessary, sad as it may seem, will leave without work hundreds of thousands, if not millions of people employed in the banking industry.
— Mario (@Token_Mario) May 14, 2018
The movement even launched its own site, bankersagainstbitcoin.org, where it is said that this protest action was a joke, but, as organizers of the movement emphasize, very soon this will become a reality, first of all “to those industries and companies that fail to understand times have changed.”
“Legacy industries that have gone unchallenged for decades will soon begin to see their monopoly slip away. The consumer abuse that’s been possible due to a lack of competition 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,” the website says.
— Paul Vigna (@paulvigna) May 14, 2018
Among others, the CEO of the Genesis Mining Company, Marco Streng, joined the movement, who is also convinced that business models that include unnecessary intermediaries will soon become a property of the history.
“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,” said Marco Streng.
The site also says that the main goal of the movement is the desire, through creative public campaigns, to tell the wider public what bitcoin and blockchain technology is.
Among the posters that could be seen were, for example, calls for “Release Jamie Dimon”, “We thought it was a bubble”, “Our business model is destroyed,” “19% for a money transfer to Mexico – that’s fair!”, ” Give us back our calculated industry!”, etc.