Topic: Bank or Bitcoin Wallet? - page 183. (Read 230501 times)
There will always be a market for banks to exist because a lot of people out there can't be bothered with the idea of being their own banks. The question is if the existing banks will adapt, or completely new business will kill all existing bank business (for example Xapo being the big name for banks).
I think there's no doubt in anyone's mind that the option is a Bitcoin Wallet, at least in what concerns security. You get to keep your own funds. But people should not forget that although Bitcoin is an amazing and disruptive technology, it is only on it's first stages... Who knows if Bitcoin will be around in 50 years? Another cryptocurrency might pop up and present itself as a better solution than Bitcoin.
So, in practice, both choices should be made, for now
So, in practice, both choices should be made, for now
at the present situation we cannot tell clearly what we want bank or bitcoin wallet , because for real life in physical you need bank to do your daily routine business and for online transaction where bitcoin is accepted we can utilize them. it will take more time to still confirm what we need.
I believe in the near future Bitcoin wallets will be needed as, or more than the banks, simply the Bitcoin is growing up daily nowadays and it is already accepted as payment processor in many great companies and marketplaces
at the present situation we cannot tell clearly what we want bank or bitcoin wallet , because for real life in physical you need bank to do your daily routine business and for online transaction where bitcoin is accepted we can utilize them. it will take more time to still confirm what we need.
but at the time, you can exchange real money into BTC and BTC into real moneyso i think that the fact why we need bank and bitcoin wallet
at the present situation we cannot tell clearly what we want bank or bitcoin wallet , because for real life in physical you need bank to do your daily routine business and for online transaction where bitcoin is accepted we can utilize them. it will take more time to still confirm what we need.
what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.
Banks will NEVER accept bitcoin. Aside, the flaws in he bitcoin network and the actual bitcoin-qt, the instability of bitcoin and the volatilityof its price. It would also be a rediculous idea fro banks to accept bitcoins. There may be banks that start off by using bitcoin as a type of investment. Banks only offer a maximum of 6% a year. That is less than 0.02% per day wich is a rediculously low amount ofmoney compared to the revenue from even mining on hashnest which can produce 0.2% per day!
This is not the real reason they wouldn't accept Bitcoin. The traditional economic system has way more flaws than Bitcoin and consider Bitcoin isn't even version 1, it's still 0.11.1
The reason they will not accept Bitcoin is because Bitcoin cuts the middle men too much, so the banksters wouldn't have excuses to charge ridiculous fees for transactions.
A bank is governed by our government. It's to store the fiat that we are using.
Bitcoin wallet is where we store our bitcoin.
Those Two are two different things. Both are needed. You can't choose on neither both of it to just pick one.
Yes, i totally agree with you. I can't choose one of them. Sometime i need bank to transactions and sometime need bitcoin wallet to save my satoshi Bitcoin wallet is where we store our bitcoin.
Those Two are two different things. Both are needed. You can't choose on neither both of it to just pick one.
I doubt banks will ever accept Bitcoin for the simple reason is Bitcoin is not something physical that you can hold onto. Yes we sort of digitized the currency we are currently using but somewhere somehow you have money floating around that can be physically held. Bitcoin does not have that option currently.
Of course I would choose a Bitcoin wallet. Bitcoin empowers people to be their own Banks and enjoy financial privacy as well as a way of securing value away from financial institutions and banks. Besides, by using bitcoin you can save a lot, since you need to pay for Bank transactions.
imagine if you dont have bank account,you just have bitcoin wallet,than how if you need real money?how if you travel to country which not accept bitcoin?the fact that it is not accepted everywhere does not make it less real than any other fiat crap money
bitcoin has a value, i'm sure for private usage you can deal with the vendor and find a good deal, he will accept bitcoin in the end
A bank is governed by our government. It's to store the fiat that we are using.
Bitcoin wallet is where we store our bitcoin.
Those Two are two different things. Both are needed. You can't choose on neither both of it to just pick one.
Bitcoin wallet is where we store our bitcoin.
Those Two are two different things. Both are needed. You can't choose on neither both of it to just pick one.
i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
this is what i mean,a wise answer (y)well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
but, the bitcoin can be exchange into the other currency too
i mean into real local money
what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.
Obviously , as a bitcoin lover, I will choose a bitcoin wallet over a bank. Personally I don't have bank account right now and my bitcoin wallet serves as a bank for me right now
It's convenient cuz the fact that my bank was just on my pocket I can also easily turn my bitcoin into cash with the help of a local exchange here that also works even on weekends! 
i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
this is what i mean,a wise answer (y) well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
Of course I would choose a Bitcoin wallet. Bitcoin empowers people to be their own Banks and enjoy financial privacy as well as a way of securing value away from financial institutions and banks. Besides, by using bitcoin you can save a lot, since you need to pay for Bank transactions.
imagine if you dont have bank account,you just have bitcoin wallet,than how if you need real money?how if you travel to country which not accept bitcoin? i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
Yes bank is for different purpose where bitcoin wallet will serve completely different purposes. But in future bitcoin wallets only needed for us to make all the bank related transactions except interest earning which is also no possible in many countries due to negative interest rates.
so we just become some of internet addict to earn some money
and no one want to become entrepreneur or anything other than internet addict to earn some money
what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.
Banks will NEVER accept bitcoin. Aside, the flaws in he bitcoin network and the actual bitcoin-qt, the instability of bitcoin and the volatilityof its price. It would also be a rediculous idea fro banks to accept bitcoins. There may be banks that start off by using bitcoin as a type of investment. Banks only offer a maximum of 6% a year. That is less than 0.02% per day wich is a rediculously low amount ofmoney compared to the revenue from even mining on hashnest which can produce 0.2% per day!
Of course I would choose a Bitcoin wallet. Bitcoin empowers people to be their own Banks and enjoy financial privacy as well as a way of securing value away from financial institutions and banks. Besides, by using bitcoin you can save a lot, since you need to pay for Bank transactions.
i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
Yes bank is for different purpose where bitcoin wallet will serve completely different purposes. But in future bitcoin wallets only needed for us to make all the bank related transactions except interest earning which is also no possible in many countries due to negative interest rates.
i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
For me it all depends on what I'm doing, as I am still young, I would choose bitcoin as the price has a higher chance of going up compared to fiat. So if you wanted something for the long term, then I would choose bitcoin wallet, bitcoin beats banks any day(unless it's the day bitcoin drops to like a dollar). But if i was not planning on investing and planning to use my money quite quickly, I would definitely choose the bank. If banks started accepting bitcoin, it would be great for them, more people would start to use bitcoin, as it is better, and more people will use the bank, making the bank more money.
Banks will never start accepting Bitcoin im afraid, because that would ruin their business which is basically spending as little as possible and stealing as much as possible off clients with the excuse of "oh we need super high fees because otherwise we can't run our banks". Even if this was the case, well guess what, Bitcoin is way cheaper to run and there's no point anymore in storing money on banks.
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