Bank or Bitcoin Wallet? - page 68. | Bitcointalksearch.org

elyas772

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Quote from: BTC Loading on August 07, 2016, 08:35:36 PM

Quote from: addy boy on October 04, 2015, 12:05:29 PM

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.

i will prefer use bitcoin wallet than a bank if it is going to be accepted by all countries because if you fuck up in anyway a bank can freeze your account and the money but your bitcoin wallet is only controlled by your

with bitcoin wallet

you have your privacy
only controlled by you
no fee of account maintenance fee or transaction fee

Just tell me why will you not chose bitcoin wallet over your bank?

because the ramsonware is potentially steal my bitcoin, or if i choose store bitcoin at online wallet hacker can acces my bitcoin, other case if i store at exchanger hacker can steal bitcoin from exchanger Roll Eyes

freedomgo

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Quote from: ?? on ??

Quote from: BTC Loading on August 07, 2016, 08:35:36 PM

Quote from: addy boy on October 04, 2015, 12:05:29 PM

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.

i will prefer use bitcoin wallet than a bank if it is going to be accepted by all countries because if you fuck up in anyway a bank can freeze your account and the money but your bitcoin wallet is only controlled by your

with bitcoin wallet

you have your privacy
only controlled by you
no fee of account maintenance fee or transaction fee

Just tell me why will you not chose bitcoin wallet over your bank?

Well there are certain advantages and disadvantages for each option. So, for me it is better if you know how to use them both for your own good. For sure you are going to enjoy using them both. And since it is all about the financial matters you must be wise on each of your decisions.

You just can't rely to only one in real life, you need to use both if you want to live normally. Bitcoin is still very risky for now to take care of our savings, and even investment there is a big chances that we lose our money in the future so we need to carefully analyze and the two should be considered.

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Quote from: addy boy on October 04, 2015, 12:05:29 PM

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.

i will prefer use bitcoin wallet than a bank if it is going to be accepted by all countries because if you fuck up in anyway a bank can freeze your account and the money but your bitcoin wallet is only controlled by your

with bitcoin wallet

you have your privacy
only controlled by you
no fee of account maintenance fee or transaction fee

Just tell me why will you not chose bitcoin wallet over your bank?

Doamader

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Banks has a lot of beneficts, but they control your money, soo its something i dont like to let my money in others hands, with bitcoin i have plenty control no bank or country can limit my transactions.

redsun114

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Quote from: JeffBrad12 on August 06, 2016, 02:34:56 AM

Quote from: sirohige on August 06, 2016, 12:18:00 AM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

Yes the banks give you guarantee but it also take higher fees while doing any transactions, while with bitcoin you will not have to pay higher fees , in the future we will see some government regulated wallets which will have higher fees and will also give the same guarantee, but with that we will miss the feature of bitcoin which is lowest fees.

bitdumper

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bank can control our transactions they can stop it or even can terminate it.with bitcoin it is impossible so join these two system will only give banks much more opputunity then now because they will get a lot of more peoples without lossing their dicipline and rules

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Bitcoin wallet can have problem with secority and if someone stole it we cant find who stole so i prefer Bank because they cant go anywhere and governments can follow them .

Well the same thing with banks when we are talking about security but we have assurance that the bank is responsible for taking good care for our money when it is deposited to them. And yeah, that's the hard part in bitcoin wallet if someone is going to that it is very hard to trace who got it.

GreenBits

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All things considered, banks are looking the more attractive option these days. People will grow to understand why the ach system is reversible; even though btc is a better speculative option than simply holding fiat, is it worth the risk? When it's gone, it's gone; some percents over the year is starting to be less valuable to me as the net size of my holdings increases. It's about security, not worth risking the pot for a few extra bucks. Usability and security have much room for improvement.

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Quote from: sempak on August 07, 2016, 08:25:17 AM

Quote from: ?? on ??

Bitcoin wallet can have problem with secority and if someone stole it we cant find who stole so i prefer Bank because they cant go anywhere and governments can follow them .

yes, the greatest weakness of bitcoin wallet is security. after the fact bitfinex last few days, this time the people will trust bitcoin be decreased. the people fear their money will be lost as it did in bitfinex. This is worrying.

No it is not bitcoin which is the problem, it is just some of the exchanges sites are not able to strengthen their security that is why some breaches happened. In that kind of problem, we cannot ascertain if what really happens as humans are greed and we have our own interest, it could be inside job or something.

sempak

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Quote from: ?? on ??

Bitcoin wallet can have problem with secority and if someone stole it we cant find who stole so i prefer Bank because they cant go anywhere and governments can follow them .

yes, the greatest weakness of bitcoin wallet is security. after the fact bitfinex last few days, this time the people will trust bitcoin be decreased. the people fear their money will be lost as it did in bitfinex. This is worrying.

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Quote from: Mauser on August 07, 2016, 08:11:02 AM

Quote from: angryswamp on August 07, 2016, 07:10:08 AM

bitcoin wallet is the best i always choose it over any banks or something like that

I agree. Bitcoin desktop wallets are a pretty secure way to store money. With the recent banking crisis in mind it is great alternative to a bank.

If you secure your wallet files with a strong passphrase, then yes, it's indeed very secure. It's however unknown how many people leave their wallets unprotected. That's why there are so much virusses pointed at finding these wallet files. People are either too lazy to enter a password each time, or they simply don't know that it's possible, or how to do it. Not sure which of these options is worse.

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Quote from: sirohige on August 06, 2016, 03:05:04 AM

Quote from: JeffBrad12 on August 06, 2016, 02:34:56 AM

Quote from: sirohige on August 06, 2016, 12:18:00 AM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

in my country we have a organitazion called "the deposit insurance agency" , If bank bankrupt or corruption our money the agency will give our money back 100%

That's right, but the government will take care of that cases if the bank getting bankrupt and the government will help the bank to cover they lost and funding their user's money and in my minds, the guarantee is made better to the bank.

Mauser

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Quote from: angryswamp on August 07, 2016, 07:10:08 AM

bitcoin wallet is the best i always choose it over any banks or something like that

I agree. Bitcoin desktop wallets are a pretty secure way to store money. With the recent banking crisis in mind it is great alternative to a bank.

goldcoinminer

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Quote from: Lorik on August 07, 2016, 07:48:44 AM

Quote from: apriloni on August 07, 2016, 07:38:33 AM

Quote from: JeffBrad12 on August 06, 2016, 02:34:56 AM

Quote from: sirohige on August 06, 2016, 12:18:00 AM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

Yeah, with bank we can assure that if someone loot the bank then we will not lose our money but bank will be responsible to give us our money , but in bitcoin exchange after bitfinex I have doubt that what the other exchanges will do as bitfinex is not going to pay the users their money.

Bitfinex administration issued a statement in which assures that the customer will reimburse the loss. Just do not think that this will turn out. If you can not find a good investor that this exchange will leave the market, and with it all the problems.

Though they will make it an action to refund the losses of their clients but still the trust and confidence is already lost. Once the trust is broken it cannot be restored anymore and exchange sites needs because they live with the trust of its clients.

Lorik

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Quote from: apriloni on August 07, 2016, 07:38:33 AM

Quote from: JeffBrad12 on August 06, 2016, 02:34:56 AM

Quote from: sirohige on August 06, 2016, 12:18:00 AM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

Yeah, with bank we can assure that if someone loot the bank then we will not lose our money but bank will be responsible to give us our money , but in bitcoin exchange after bitfinex I have doubt that what the other exchanges will do as bitfinex is not going to pay the users their money.

Bitfinex administration issued a statement in which assures that the customer will reimburse the loss. Just do not think that this will turn out. If you can not find a good investor that this exchange will leave the market, and with it all the problems.

apriloni

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Quote from: JeffBrad12 on August 06, 2016, 02:34:56 AM

Quote from: sirohige on August 06, 2016, 12:18:00 AM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

Yeah, with bank we can assure that if someone loot the bank then we will not lose our money but bank will be responsible to give us our money , but in bitcoin exchange after bitfinex I have doubt that what the other exchanges will do as bitfinex is not going to pay the users their money.

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bitcoin wallet is the best i always choose it over any banks or something like that

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Quote from: Tyrantt on August 07, 2016, 06:01:30 AM

Quote from: addy boy on October 04, 2015, 12:05:29 PM

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.

I dont trust banks that much, i dont think id keep my bitcoina in a bank even if it became a thing. There were a few hacking before with the recent one and Ive lost the trust, because i know in safer if i keep my money on an offline wallet

I agree, some banks already have issues when they run out of money and cannot give customers their money back(this happened in Iceland a few years ago IIRC) and in general most people trust themselves more to keep their own keys safe. Just like we don't trust online wallets, we shouldn't trust banks. Centralization goes against bitcoin's nature.

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Quote from: addy boy on October 04, 2015, 12:05:29 PM

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.

I dont trust banks that much, i dont think id keep my bitcoina in a bank even if it became a thing. There were a few hacking before with the recent one and Ive lost the trust, because i know in safer if i keep my money on an offline wallet

Ryananda

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Quote from: sirohige on August 06, 2016, 03:05:04 AM

Quote from: JeffBrad12 on August 06, 2016, 02:34:56 AM

Quote from: sirohige on August 06, 2016, 12:18:00 AM

Quote from: Achargeturry78 on August 05, 2016, 09:48:40 AM

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

in this case people will feel more safety to save his money at bank.

But the bank can give more guarantee for their funds and otherwise from the exchange site in bitcoin. anytime if we get the problem in our account the bank will help us to solve with the best way. and in this time the people is smarter.

in my country we have a organitazion called "the deposit insurance agency" , If bank bankrupt or corruption our money the agency will give our money back 100%

Yes indeed the bank has a security guarantee that our money will be secured. Bank is the best place to store wealth. While bitcoin wallet is very good for investment because it can take advantage of the fluctuations of bitcoin.

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