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neurotypical

hero member

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Quote from: turtlehurricane on July 01, 2015, 07:57:17 PM

Bitcoin trading is almost entirely done through banks. Even with in-person cash deals the Bitcoin comes from an exchange or some other supplier via the banks.

How can we change on a wide scale to not be dependent on banks for trading Bitcoin?

How is person to person (in real life) exchange of a BTC transaction in between smartphones for cash issued in hand tied to banks? That's as anonymous as it gets. In fact, it's the only way to avoid the fiat money you are receiving to be attached to you, any other way and you are recieving a money transaction that gets logged somewhere.
It sucks that having to find people in localbitcoins or something to meet in person is the only way to avoid that tho.

newIndia

legendary

Activity: 2226

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Quote from: turtlehurricane on July 01, 2015, 07:57:17 PM

Bitcoin trading is almost entirely done through banks. Even with in-person cash deals the Bitcoin comes from an exchange or some other supplier via the banks.

How can we change on a wide scale to not be dependent on banks for trading Bitcoin?

You can not. Bitcoin was not supposed to be a tradable asset...

The day you can, bitcoin will lose its value... because a competitor is in.

knight22

legendary

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--------------->¿?

Maybe this could help:

https://bitcointalksearch.org/topic/m.11706924

btctxns

newbie

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Merit: 0

Quote from: d4n13 on July 02, 2015, 12:12:37 PM

As soon as we have half as many bitcoin ATMs as Fiat ATMs banks will be obsolete.

Oh, and as soon as those btc ATMs stop charging exorbitant fees....that too.

My fiat ATM charges me nothing if I'm a member, and 0.625% for the max withdrawal ($2.5 on a $400 withdraw) if I'm not a member.

So, compete with that and you'll have something. No one on the planet is going to use ATMs that charge them 5%+. Sorry.

dKingston

hero member

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LAUNDER BITCOIN: https://BitLaunder.com

more peer-to-peer transactions sites, like LocalBitcoins and in-person classifieds like BitcoinClassifieds.net etc

Eastwind

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Quote from: d4n13 on July 02, 2015, 12:12:37 PM

As soon as we have half as many bitcoin ATMs as Fiat ATMs banks will be obsolete.

There will be bitcoin banks then.

d4n13

full member

Activity: 210

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“Create Your Decentralized Life”

As soon as we have half as many bitcoin ATMs as Fiat ATMs banks will be obsolete.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Amph on July 02, 2015, 02:26:29 AM

you can actually find someone that has an enourmous amount of cash, which was withdrawn many years ago, so they are already taxed and forgotten

and deal with this person only, i admit that something like this isn't practical at all, but there are no solution for this, unless you forget completely about the whole dumping, and uses bitcoin directly, by earning it via signature and mining or something else

Quote from: QuestionAuthority on July 01, 2015, 08:05:37 PM

Can't be done quite yet. Twenty years from now when people have the option to get paid in Bitcoin it can happen.

if you think about this, there are already "jobs" that pay you directly in bitcoin, signature campaign is one of those and mining is another one

and there are many other if one can search on the web for it, probably less remunerative though...

Sure, in a small way some people get a pittance from employment. I'm talking about real wages from full time employment available as a permanent payroll option. Business will follow suit and accept Bitcoin in order to capture the disposable income of wage earners.

fryarminer

hero member

Activity: 686

Merit: 500

This is a good topic. We need to get away from banks. Look at Greece as we speak. And yet yes, Bitcoin is becoming dependent on banks.
It is starting to get a wide enough acceptance that local trading is possible, but yes, we need to get away from banks.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: tiggytomb on July 02, 2015, 02:54:08 AM

One day when you can pay your utility bills, council tax, fuel etc with BTC it will take off, until then it will be only the few.

you can already do that, there are some service like cashila and bitbills, but i don't know how the regulation work for those, they probably send you an invoice or something to prove that you've payed

tiggytomb

legendary

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One day when you can pay your utility bills, council tax, fuel etc with BTC it will take off, until then it will be only the few.

batesresearch

legendary

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Quote from: neoneros on July 02, 2015, 02:34:52 AM

All done without the banking system. This is how we fix it, demand to get paid in bitcoin for your services and support those who do. Only when we cooperate we can have a win-win situation for the whole bitcoin community.

Very true. Everything I and my family need daily is paid for in FIAT, when this changes and I can start to pay my fuel, lunch and bills in Bitcoin it will be a step closer to cutting out the banks.

neoneros

sr. member

Activity: 462

Merit: 250

I can draw your avatar!

There is a whole economy of BTC right here on this very forum, not only can you trade directly on the marketplace and cut out the bank as middle man. you would be amazed what goes on in the Services section: https://bitcointalk.org/index.php?board=52.0 This is a place where people offer services and ask some BTC in return. It is a big cesspool of casino's and scams, but some people actually have some nice and funny services they offer. Like having a personal branded banana being eaten by monkeys and filmed or someone getting paid to eat a sandwich. I myself do drawings, it surprised me how easy it was to set up an arrangement and get paid, so much easier than in real life where I am confined by local connections.

All done without the banking system. This is how we fix it, demand to get paid in bitcoin for your services and support those who do. Only when we cooperate we can have a win-win situation for the whole bitcoin community.

Amph

legendary

Activity: 3248

Merit: 1070

you can actually find someone that has an enourmous amount of cash, which was withdrawn many years ago, so they are already taxed and forgotten

and deal with this person only, i admit that something like this isn't practical at all, but there are no solution for this, unless you forget completely about the whole dumping, and uses bitcoin directly, by earning it via signature and mining or something else

Quote from: QuestionAuthority on July 01, 2015, 08:05:37 PM

Can't be done quite yet. Twenty years from now when people have the option to get paid in Bitcoin it can happen.

if you think about this, there are already "jobs" that pay you directly in bitcoin, signature campaign is one of those and mining is another one

and there are many other if one can search on the web for it, probably less remunerative though...

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

Quote

One day there will be a critical mass of people, who will understand the power of decentralization and their own power within a decentralized system.

AGD July 02, 2015

edit: https://www.youtube.com/watch?v=Yu_PWm2zgbg

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Bitcoin is only truly dependent on the traditional banking system for the initial purchase or the sale of bitcoin. As long as owners keep their transactions in bitcoin you can completely avoid the banks!

The hardest part is really getting paid in bitcoin from your employer. I know there are services that will convert your paycheck to bitcoin but those companies rely on dealing with fiat and traditional banks.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: turtlehurricane on July 01, 2015, 07:57:17 PM

Bitcoin trading is almost entirely done through banks. Even with in-person cash deals the Bitcoin comes from an exchange or some other supplier via the banks.

How can we change on a wide scale to not be dependent on banks for trading Bitcoin?

bitcoin trading is still dependent on banking because we are still dependent on fiat and until it is not changed this dependency is going to stay.

many years from now if bitcoin is still around and mass accepted, we might see bitcoin not being dependent on any system and be traded among people, and they get paid for their jobs with bitcoin.

until then, the only way is to buy with cash and person to person.

BrianM

hero member

Activity: 546

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Quote from: turtlehurricane on July 01, 2015, 07:57:17 PM

Bitcoin trading is almost entirely done through banks. Even with in-person cash deals the Bitcoin comes from an exchange or some other supplier via the banks.

How can we change on a wide scale to not be dependent on banks for trading Bitcoin?

Let me introduce you to Bitcointalk Marketplace:
https://bitcointalk.org/index.php?board=5.0

Marketplace meet turtlehurricane, turtlehurricane meet Marketplace.
No need for fiat here, in fact its not even allowed to post stuff not traded in bitcoins.

cryptworld

hero member

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not really, you can do it in person, but otherwise the only way to move fiat is through banks

achow101

staff

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Just writing some code

Quote from: turtlehurricane on July 01, 2015, 07:57:17 PM

Bitcoin trading is almost entirely done through banks. Even with in-person cash deals the Bitcoin comes from an exchange or some other supplier via the banks.

Not necessarily, the Bitcoin traded in in-person cash deals could be Bitcoin that the seller mined. It would not have come from an exchange. If they didn't mine it, their supplier could have mined it and so on.

Quote

How can we change on a wide scale to not be dependent on banks for trading Bitcoin?

As long as Bitcoin is traded for fiat, then the trading will be dependent on banks, as trading with everything else is. Fiat is dependent on banks, therefore anything bought and sold with fiat is dependent on banks. The only way would be trade between altcoins, but that is not on a wide enough scale.

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