No I do not think that we need something like that because of the fact that its something that is not needed for us right now.
I agree with you, I think we do not really need a bitcoin bank dude, because in fact we still can easily store your bitcoin in a wallet and it's much safer than bank and without any control right ?
Topic: - page 50. (Read 142355 times)
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Exactly, having your own bitcoin wallet is already a bitcoin bank. And with this idea of "bitcoin bank" this will just regulate the usage of bitcoin in the economy of where you are living and the bad is that you will be controlled when to buy or sell your coins just like what is happening at China. Look at them now, I don't agree with this thing either.
I agree with you. While bitcoins are in my purse - I myself dispose of them. But when they are in the bank - this will already complicate the use of bitcoins. Why do I need it? I manage without a bank
In general, no, it is not better in terms of security
The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?
The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?
I was of course referring to people that know what to do and how to increase the level of their security. I personally do that by making use of a hardware wallet. But sure, there are enough people that don't know how to properly secure everything. Let me ask you a question -- how do you take care of the security aspects regarding your regular usage wallets and of course your cold wallets?
I do not agree with Bitcoin integrated in banks because if Bitcoin will be integrated in banks then we will have to pay for transaction fees beside the miners. I am using Bitcoin because there is no 3rd party that controls my transaction, another thing we will not become anonymous if we do have Bitcoin banks because in banks you need your personal details in order to open a bank account.
Yes, you are correct and I think 99% of the bitcoin fanatic are not agree with the bitcoin bank. Because if that happen bitcoin will be no difference in the it will become regulated industry just like an ordinary bank in the public. And I do believed this things will not be push through because I knew the power of decentralization of bitcoin which even SEC who rejected by the ETF can't do about in bitcoin to control it.-this is the only reason why i am not agree for the bitcoin bank.. And since i discover using the third world currency everything is getting easy, i also used bitcoin to pay everything using wallet without know reveals of the personal details..
- if they will open a bank for this currency this will not be anonymouse... And alot of things in will be changing.. So i think having a bank for this currency will give a very bad impact for us
Yes, every user should do that
Regarding your video issues, I can tell you my own story. A few years ago I had been using a dual boot machine and switching between Linux and Windows as needed. It was a boat anchor like some 10 years old crap but it worked so I was quite happy with it. Once I downloaded an HD movie and I decided to watch it on Windows since I somehow expected that Windows would be better at doing such things. But the movie lagged heavily up to a point where it was impossible to watch. I didn't actually expect that I would be able to launch it on Linux at all, but mplayer, to my great surprise, played it like a charm, smooth and with no lagging altogether. You may want to try this player yourself
Regarding your video issues, I can tell you my own story. A few years ago I had been using a dual boot machine and switching between Linux and Windows as needed. It was a boat anchor like some 10 years old crap but it worked so I was quite happy with it. Once I downloaded an HD movie and I decided to watch it on Windows since I somehow expected that Windows would be better at doing such things. But the movie lagged heavily up to a point where it was impossible to watch. I didn't actually expect that I would be able to launch it on Linux at all, but mplayer, to my great surprise, played it like a charm, smooth and with no lagging altogether. You may want to try this player yourself
It would be a lifesaver if that works. I'm just using everything on default in Linux. I'm also on dual boot right now (Windows 10 + Ubuntu). Firefox appears to be slower than expected so I installed Chromium, it solved the problem. Hope mplayer solves this one. (Although all of this of course wouldn't be a problem if I research more.
)I feel like the video player of Ubuntu crashes on parts of the video that encountered some lags in the Internet connection when you were downloading it. Since I have a slow Internet connection, that can be the case. But people are also experiencing the same problem according to my little research.
Anyway, thank you for the info. I will shoot you a pm tomorrow if this works (Hopefully I remember to do so).
To everyone that's reading this, I can't emphasize enough how safe your bitcoins will be if you're going to use Linux. You don't even need antivirus on Linux. Use electrum on Linux, choose the wallet with 2FA, encrypt the wallet with a password, make a copy of your wallet to a freshly formatted flash drive, move all your funds to the addresses of the wallet, and you're good to go
You are welcome, bro
mplayer is a command line utility, it doesn't have a front-end on its own, though there should be some from third parties. Personally, I run it directly from xterm terminal window (so I don't care if there are any). Regarding using Electrum (and other desktop wallets), this is not without caveats either. If someone manages to inject a malicious code in it and then distribute it, your coins will get stolen as easily from Linux as from Windows
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Why do people need online wallets when they can also use a desktop wallet? It's nothing more than an optional service that you can use if you so wish. No one really forces you to do anything. Is it better in terms of security to store everything within your own control range? Sure. But that doesn't mean people shouldn't use online wallets at all. People in most cases choose the convenience of online wallets over the security that desktop wallets offer
In general, no, it is not better in terms of security
The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?
Should every bitcoin user abandon Windows and start using Linux? I installed Ubuntu, never had a problem except for the graphics card part. Sure it's normal when browsing and whatnot, but when you start watching a video, it gets laggy after a couple of minutes. I've looked around solutions and there's no "Do this and you'll be fine" solution. You would have to do your own research and then try and try and try until finally it's all fine
Yes, every user should do that
Regarding your video issues, I can tell you my own story. A few years ago I had been using a dual boot machine and switching between Linux and Windows as needed. It was a boat anchor like some 10 years old crap but it worked so I was quite happy with it. Once I downloaded an HD movie and I decided to watch it on Windows since I somehow expected that Windows would be better at doing such things. But the movie lagged heavily up to a point where it was impossible to watch. I didn't actually expect that I would be able to launch it on Linux at all, but mplayer, to my great surprise, played it like a charm, smooth and with no lagging altogether. You may want to try this player yourself
It would be a lifesaver if that works. I'm just using everything on default in Linux. I'm also on dual boot right now (Windows 10 + Ubuntu). Firefox appears to be slower than expected so I installed Chromium, it solved the problem. Hope mplayer solves this one. (Although all of this of course wouldn't be a problem if I research more.
)I feel like the video player of Ubuntu crashes on parts of the video that encountered some lags in the Internet connection when you were downloading it. Since I have a slow Internet connection, that can be the case. But people are also experiencing the same problem according to my little research.
Anyway, thank you for the info. I will shoot you a pm tomorrow if this works (Hopefully I remember to do so).
To everyone that's reading this, I can't emphasize enough how safe your bitcoins will be if you're going to use Linux. You don't even need antivirus on Linux. Use electrum on Linux, choose the wallet with 2FA, encrypt the wallet with a password, make a copy of your wallet to a freshly formatted flash drive, move all your funds to the addresses of the wallet, and you're good to go.
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Why do people need online wallets when they can also use a desktop wallet? It's nothing more than an optional service that you can use if you so wish. No one really forces you to do anything. Is it better in terms of security to store everything within your own control range? Sure. But that doesn't mean people shouldn't use online wallets at all. People in most cases choose the convenience of online wallets over the security that desktop wallets offer
In general, no, it is not better in terms of security
The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?
Should every bitcoin user abandon Windows and start using Linux? I installed Ubuntu, never had a problem except for the graphics card part. Sure it's normal when browsing and whatnot, but when you start watching a video, it gets laggy after a couple of minutes. I've looked around solutions and there's no "Do this and you'll be fine" solution. You would have to do your own research and then try and try and try until finally it's all fine
Yes, every user should do that
Regarding your video issues, I can tell you my own story. A few years ago I had been using a dual boot machine and switching between Linux and Windows as needed. It was a boat anchor like some 10 years old crap but it worked so I was quite happy with it. Once I downloaded an HD movie and I decided to watch it on Windows since I somehow expected that Windows would be better at doing such things. But the movie lagged heavily up to a point where it was impossible to watch. I didn't actually expect that I would be able to launch it on Linux at all, but mplayer, to my great surprise, played it like a charm, smooth and with no lagging altogether. You may want to try this player yourself
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Why do people need online wallets when they can also use a desktop wallet? It's nothing more than an optional service that you can use if you so wish. No one really forces you to do anything. Is it better in terms of security to store everything within your own control range? Sure. But that doesn't mean people shouldn't use online wallets at all. People in most cases choose the convenience of online wallets over the security that desktop wallets offer
In general, no, it is not better in terms of security
The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?
Should every bitcoin user abandon Windows and start using Linux? I installed Ubuntu, never had a problem except for the graphics card part. Sure it's normal when browsing and whatnot, but when you start watching a video, it gets laggy after a couple of minutes. I've looked around solutions and there's no "Do this and you'll be fine" solution. You would have to do your own research and then try and try and try until finally it's all fine.
Now I'm back on Windows because I haven't had the time to fix the problem yet. They say there's an issue with the nvidia graphics support and most people are using that.
Anyway, to anyone who wants an almost invulnerable OS, doesn't watch videos, only surf the Internet, and wants a smooth and minimalistic UI, definitely install Ubuntu or other Linux distro that you desire. It's not that hard to install and then update to the latest softwares.
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Exactly, having your own bitcoin wallet is already a bitcoin bank. And with this idea of "bitcoin bank" this will just regulate the usage of bitcoin in the economy of where you are living and the bad is that you will be controlled when to buy or sell your coins just like what is happening at China. Look at them now, I don't agree with this thing either.
I agree with you. While bitcoins are in my purse - I myself dispose of them. But when they are in the bank - this will already complicate the use of bitcoins. Why do I need it? I manage without a bank
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Exactly, having your own bitcoin wallet is already a bitcoin bank. And with this idea of "bitcoin bank" this will just regulate the usage of bitcoin in the economy of where you are living and the bad is that you will be controlled when to buy or sell your coins just like what is happening at China. Look at them now, I don't agree with this thing either.
I agree with you. While bitcoins are in my purse - I myself dispose of them. But when they are in the bank - this will already complicate the use of bitcoins. Why do I need it? I manage without a bank
Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon Could you expand more on that?
That is, why do you consider that integrating (or adopting) Bitcoin into a (presumably) centralized system such as banks will be difficult? Personally, I don't see any particular or important difference between you storing your (or someone else's, for that matter) bitcoins or a bank storing yours or anyone else's. Just in case, fiat money is also decentralized in the sense how it gets issued (in fact, it is not very far Bitcoin in this aspect), but somehow banks don't have issues "integrating" it. So why should Bitcoin be different in this regard?
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Exactly, having your own bitcoin wallet is already a bitcoin bank. And with this idea of "bitcoin bank" this will just regulate the usage of bitcoin in the economy of where you are living and the bad is that you will be controlled when to buy or sell your coins just like what is happening at China. Look at them now, I don't agree with this thing either.
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Why do people need online wallets when they can also use a desktop wallet? It's nothing more than an optional service that you can use if you so wish. No one really forces you to do anything. Is it better in terms of security to store everything within your own control range? Sure. But that doesn't mean people shouldn't use online wallets at all. People in most cases choose the convenience of online wallets over the security that desktop wallets offer
In general, no, it is not better in terms of security
The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?
Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon 
Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
More like bitcoin hack would the pull the price down. What comes after a major bitcoin hack? Dump. This is useful to someone that was just about to invest his money to bitcoins and to those that are trading bitcoins. But, to those people that own the bitcoins, it's chaos.
I don't think banks will insure anything at all. They accepted bitcoins, why put 100 million dollars for insurance when they could've invested that money somewhere else. Besides, banks are owned by the government and the government hates bitcoins.
I'm not sure what's the point of you saying about taking bitcoins in exchange of dollars but if they hold private keys, they are just waiting for hackers? You need a bitcoin wallet to accept bitcoins and preferably 1 address for each bank user. And what does those addresses have? Yup. Private keys. You can't accept bitcoins without ever generating a private key.
Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
bitcoin bitcoin BANK will also make more trusted by the world community. because with the bitcoin BANK then there were a regulation that is used. and it organizes all about bitcoin transactions.
Indeed a trusted bank, but the bank will strictly within the rules, they will collect taxes and our data must be valid, I think it is the same as the real money.Jump to: