Bank or Bitcoin Wallet? - page 53. | Bitcointalksearch.org

Hide_ip112

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Quote from: hendra147 on August 23, 2016, 10:36:48 AM

Quote from: Tazze on August 23, 2016, 07:08:07 AM

I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.

in fact some company using bitcoin as his salary too, of course the amount of bitcoin is depending about his "real salary and the bitcoin price" , but we still need bank for withdrwa our bitcoin, because today is very hard to found bitcoin ATM.

Bank and wallet bitcoin is something of the same thing and need each other, if I am wrong then I will give you your laptop (up to me) so I get some household things inside you. If you want something extraordinary then your bitcoin wallet and bank will follow

hendra147

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Quote from: Tazze on August 23, 2016, 07:08:07 AM

I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.

in fact some company using bitcoin as his salary too, of course the amount of bitcoin is depending about his "real salary and the bitcoin price" , but we still need bank for withdrwa our bitcoin, because today is very hard to found bitcoin ATM.

Ewinsane

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i think bitcoin wallet is much more better bank wallet because bitcoin wallet is too much safer and bitcoin transaction fees is very and available everywhere for online shopping.

Imoote

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Quote from: mishra1994 on August 23, 2016, 07:11:32 AM

Quote from: Tazze on August 23, 2016, 07:08:07 AM

I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.

Yes right now bitcoin still is not that much popular all around the world so first of all every body gets their salary mostly in fiat and in their bank account.So right now banks are the preferred option over bitcoin wallet.

Yes indeed, the bank is more popular than the bitcoin. Here a lot of people using bitcoin wallet also use bank. Bank better to save money while bitcoin wallet for investment. Both have different functions depending.

marcuslong

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Quote from: DashTron on July 10, 2016, 12:30:16 PM

The answer is clear, you need a bank account and a few bitcoin wallets.

Well you have the idea when you are going to choose banks instead of bitcoin wallets , but for me because im from the 3rd country which we use coins.ph that has exchange / you can exchange your bitcoin into digital currency that fast Cheesy

less hassle and we can now pay via our bitcoin wallet like monthly bill

happybitcoinph

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Quote from: Tazze on August 23, 2016, 07:08:07 AM

I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.

And because that is the real score today, it's dumb to think and to compare if one would have to choose bank or bitcoin.

They have different purposes so if you find your service are unavailable with one of them then go on to other.

mishra1994

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Quote from: Tazze on August 23, 2016, 07:08:07 AM

I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.

Yes right now bitcoin still is not that much popular all around the world so first of all every body gets their salary mostly in fiat and in their bank account.So right now banks are the preferred option over bitcoin wallet.

Tazze

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I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.

LordCoder

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Bank. Why should you be scared of your funds if you do things legitimately? I don't understand that "anti-government" mind at all.

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Quote from: delliaerd on August 23, 2016, 06:24:33 AM

Quote from: keaderza on August 23, 2016, 06:11:04 AM

a bank is pretty much against the concept of Bitcoin, a bank is with centralization while bitcoin in concept is the exact opposite to that, I agree that it would be great if there is interest on BTC though, that's something we can all agree on I think.

You are not in false understanding at all dude. Bank is more integrated form and systems rather than bitcoin . But it can't call that bank more nice than bitcoin wallet. Both of them have different targets to service their users.

if you're talking about the systems,both have different system and concept,and you can't compare things that have difference in so many sides perfectly,the bitcoin is decentralized and bank is centralized,the concept is really different,and saying bank is more integrated or more good is definitely wrong

delliaerd

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Quote from: keaderza on August 23, 2016, 06:11:04 AM

a bank is pretty much against the concept of Bitcoin, a bank is with centralization while bitcoin in concept is the exact opposite to that, I agree that it would be great if there is interest on BTC though, that's something we can all agree on I think.

You are not in false understanding at all dude. Bank is more integrated form and systems rather than bitcoin . But it can't call that bank more nice than bitcoin wallet. Both of them have different targets to service their users.

keaderza

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a bank is pretty much against the concept of Bitcoin, a bank is with centralization while bitcoin in concept is the exact opposite to that, I agree that it would be great if there is interest on BTC though, that's something we can all agree on I think.

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Quote from: groll on August 22, 2016, 11:27:56 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked by a clever guy and still there is a continuous hacking on every part of the world. Bitcoin wallet is made by a programmer so definitely he took some measures on the program.

As long a you store your bitcoin online, there is a possibility that it will be hacked. Because you are not the one holding your private keys. If you store it in a cold storage and you are the one who knows your keys, then your bitcoins are really safe. Bitfinex hack was not a hack on bitcoin, blockchain or wallet. It is a hack on the system of the exchange.

Trustme2016

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Since probability of Bitcoin going lower than this is very low, I say 100% Bitcoin and that's how I do it... And it's truly yours money. Having fiat in the bank means it can diminish tomorrow.

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Quote from: sobsitesearch on August 23, 2016, 01:47:12 AM

Quote from: Naoko on August 23, 2016, 01:11:25 AM

Quote from: mirakal on August 23, 2016, 12:24:41 AM

Quote from: Strongkored on August 22, 2016, 11:32:31 PM

Quote from: groll on August 22, 2016, 11:27:56 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked by a clever guy and still there is a continuous hacking on every part of the world. Bitcoin wallet is made by a programmer so definitely he took some measures on the program.

Maybe bitcoin wallet is safer than a bank, but not as a bank which guarantees its customers money. Because in my country if the bank loses money or hacked and it was purely a mistake the bank, the bank will reimburse us the appropriate limit in the Promised. Bitcoin wallet was created by programmers, but that does not mean it is 100% unbreakable because it is man-made.

Bank is more safer than bitcoin because bank has an insurance and we are divulging our personal information so we could get the insurance once the bank closes or being robbed, while in bitcoin it is very risky since if your account is hack that is good as a gone money.

i feel safer for my bitcoins being in my wallet rather than using a bank to store my money. i don't even need to provide personal informations in bitcoin unlike the bank which will require too many personal informations. the only good thing i see for the bank is i can take my money from ATM anytime i want

You feel safe but in reality you are on risky if you put your money in bitcoin, but in the bank you lessen the risk you have because of their insurance you do not afraid to put all your money in the bank.

Yeah! we should know that reason why we are using bitcoin wallet and bank. For me banks is only for savings while bitcoin wallet is considered for investment either you will hold it in the short run or in the long run.

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Quote from: Naoko on August 23, 2016, 01:11:25 AM

Quote from: mirakal on August 23, 2016, 12:24:41 AM

Quote from: Strongkored on August 22, 2016, 11:32:31 PM

Quote from: groll on August 22, 2016, 11:27:56 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked by a clever guy and still there is a continuous hacking on every part of the world. Bitcoin wallet is made by a programmer so definitely he took some measures on the program.

Maybe bitcoin wallet is safer than a bank, but not as a bank which guarantees its customers money. Because in my country if the bank loses money or hacked and it was purely a mistake the bank, the bank will reimburse us the appropriate limit in the Promised. Bitcoin wallet was created by programmers, but that does not mean it is 100% unbreakable because it is man-made.

Bank is more safer than bitcoin because bank has an insurance and we are divulging our personal information so we could get the insurance once the bank closes or being robbed, while in bitcoin it is very risky since if your account is hack that is good as a gone money.

i feel safer for my bitcoins being in my wallet rather than using a bank to store my money. i don't even need to provide personal informations in bitcoin unlike the bank which will require too many personal informations. the only good thing i see for the bank is i can take my money from ATM anytime i want

You feel safe but in reality you are on risky if you put your money in bitcoin, but in the bank you lessen the risk you have because of their insurance you do not afraid to put all your money in the bank.

Farma

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I quite believe that the current bitcoin bank still needs to develop into something that could exceed the bank. it was because of lack of bitcoin is owned by the bank, and I think the banks do not have any shortage of view bitcoin, even banks have also been accepted and trusted by the public, but if one day bitcoin evolve into something better, maybe bitcoin can compete and even surpass the virtues bank in the community

Naoko

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Quote from: mirakal on August 23, 2016, 12:24:41 AM

Quote from: Strongkored on August 22, 2016, 11:32:31 PM

Quote from: groll on August 22, 2016, 11:27:56 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked by a clever guy and still there is a continuous hacking on every part of the world. Bitcoin wallet is made by a programmer so definitely he took some measures on the program.

Maybe bitcoin wallet is safer than a bank, but not as a bank which guarantees its customers money. Because in my country if the bank loses money or hacked and it was purely a mistake the bank, the bank will reimburse us the appropriate limit in the Promised. Bitcoin wallet was created by programmers, but that does not mean it is 100% unbreakable because it is man-made.

Bank is more safer than bitcoin because bank has an insurance and we are divulging our personal information so we could get the insurance once the bank closes or being robbed, while in bitcoin it is very risky since if your account is hack that is good as a gone money.

i feel safer for my bitcoins being in my wallet rather than using a bank to store my money. i don't even need to provide personal informations in bitcoin unlike the bank which will require too many personal informations. the only good thing i see for the bank is i can take my money from ATM anytime i want

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Quote from: mirakal on August 23, 2016, 12:24:41 AM

Quote from: Strongkored on August 22, 2016, 11:32:31 PM

Quote from: groll on August 22, 2016, 11:27:56 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked by a clever guy and still there is a continuous hacking on every part of the world. Bitcoin wallet is made by a programmer so definitely he took some measures on the program.

Maybe bitcoin wallet is safer than a bank, but not as a bank which guarantees its customers money. Because in my country if the bank loses money or hacked and it was purely a mistake the bank, the bank will reimburse us the appropriate limit in the Promised. Bitcoin wallet was created by programmers, but that does not mean it is 100% unbreakable because it is man-made.

Bank is more safer than bitcoin because bank has an insurance and we are divulging our personal information so we could get the insurance once the bank closes or being robbed, while in bitcoin it is very risky since if your account is hack that is good as a gone money.

True though bank fees bigger but the security of a bank guarantee very good that our money secured and very suitable for saving money. While bitcoin I think is very suitable for investment because we can take advantage of price fluctuations.

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Quote from: mirakal on August 23, 2016, 12:24:41 AM

Quote from: Strongkored on August 22, 2016, 11:32:31 PM

Quote from: groll on August 22, 2016, 11:27:56 PM

Quote from: machinek20 on August 22, 2016, 08:23:34 PM

I prefer bitcoin wallet, even there is a lot of security breach lately, like bitfinex being hacked, i still believe bitcoin wallet is safer than bank, i feel we have the total control when we used the wallet, we can set the level of the security that we want, so i feel a lot safer to use bitcoin wallet than using bank

Yes, bitcoin wallet seems more safer than banks though there was an issue of security breach on bitfinex but still it is more safer. I have heard of many bank companies that was being hacked by a clever guy and still there is a continuous hacking on every part of the world. Bitcoin wallet is made by a programmer so definitely he took some measures on the program.

Maybe bitcoin wallet is safer than a bank, but not as a bank which guarantees its customers money. Because in my country if the bank loses money or hacked and it was purely a mistake the bank, the bank will reimburse us the appropriate limit in the Promised. Bitcoin wallet was created by programmers, but that does not mean it is 100% unbreakable because it is man-made.

Bank is more safer than bitcoin because bank has an insurance and we are divulging our personal information so we could get the insurance once the bank closes or being robbed, while in bitcoin it is very risky since if your account is hack that is good as a gone money.

I don't think the bank is more safer that bitcoin? why? if your credit card got hacked then lost all your money instant "Known as Carding" do you really think that you can back your money? as though bitcoin once you already send to the address you cannot stop it but bitcoin is not easy to hack not like the Credit Card.

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