Bank or Bitcoin Wallet? - page 74. | Bitcointalksearch.org

mirakal

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Quote from: Strongkored on July 31, 2016, 11:38:17 PM

Quote from: JeffBrad12 on July 31, 2016, 11:29:00 PM

What's your method to paying your bills, maybe I never heard about the people can paying their bills using bitcoin indirectly the form of payments, I always sure they always need a bank account to paying their bills every month.

I think there is such service, dude. as I often read some post in this forum that mentions the services of coins.ph. Although I am not the philippines, but I know for a lot of people of the Philippines are active in this forum, which states could pay a variety of bills with bitcoin.

I vouch that, it is true that are different service at coins.ph where you can pay your bills with bitcoins and they would even give you a discount once you are first timer to avail in the system. The integration is improving and giving the clients a convenience to pay their bills and we can see more in the future.

Strongkored

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Quote from: JeffBrad12 on July 31, 2016, 11:29:00 PM

What's your method to paying your bills, maybe I never heard about the people can paying their bills using bitcoin indirectly the form of payments, I always sure they always need a bank account to paying their bills every month.

I think there is such service, dude. as I often read some post in this forum that mentions the services of coins.ph. Although I am not the philippines, but I know for a lot of people of the Philippines are active in this forum, which states could pay a variety of bills with bitcoin.

JeffBrad12

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Quote from: madwica on July 31, 2016, 10:57:46 PM

For me i used both, i have bitcoin for my investment and sometimes i used this for paying my bills because there is a rebates in every transaction i made then i have bank account for my savings that i want to earn some interest with it and also for my future.

What's your method to paying your bills, maybe I never heard about the people can paying their bills using bitcoin indirectly the form of payments, I always sure they always need a bank account to paying their bills every month.

madwica

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For me i used both, i have bitcoin for my investment and sometimes i used this for paying my bills because there is a rebates in every transaction i made then i have bank account for my savings that i want to earn some interest with it and also for my future.

Achargeturry78

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Quote from: panju1 on July 31, 2016, 10:56:46 AM

Bitcoin's legal status depends on the country you are in.
If you are in Bangladesh, you can be jailed for using bitcoins.

yup it always depends on country which bitcoins can be legal some of the country are bitcoins is illegal to them because and it's sad for those country who can't use bitcoin as a currency hopefully that soon the whole world accept bitcoins where store accept bitcoins as a payment im a bitcoin lover and i thanks that here in my country are united as one because banks now are accepting coins

zodin

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Quote from: electronicfactura on July 31, 2016, 04:02:48 AM

I will say both because we can fully relay on Bitcoin at this stage as there is lot to go till it will be full alternative of banks. For example Bitcoin already left banks behind in online money transferring by being low cost,allowing more freedom and for fast transaction and also in online gambling it is on driving seat as it is anonymous and provide privacy better than banks. While banks still are in domination where it comes to deal with day to day usage.

yes that is right, i think both have their own importance, in present time one cannot dominant the other, actually we cannot totally depend on bitcoin because bitcoin cannot provide us the facilities which normally banks provide us. i think if both bitcoin and bank do work together it will better for both, if bank accept bitcoin people will use band directly for their bitcoin transaction it will be better for both banks and bitcoin because the user of bank and bitcoin both will increase.

katrimans

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Quote from: Mauser on July 29, 2016, 11:40:11 PM

For saving and investing using bitcoin wallets is fine but you still need a bank with Fiat for your everyday expenses. Bitcoins are not recognized enough to only rely on them. None of my supermarkets or bars I use are yet accepting bitcoins. Maybe in 5 years this will change.

That is the major reason why there is a need for cash and banks to keep the use our fiat. Once bitcoins are being worldwide accepted and people start to take bitcoins seriously, then we will see banks been closed and bitcoins will be the only currency to be used.

avikz

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If bank starts to accept bitcoin as payment method, will surely be revolutionary. It will drastically increase the acceptance of bitcoin to many people. It will increase the usage of bitcoin as well as it will help to grow the bitcoin fanbase.

However, your bitcoins will be tracked and you will be taxed for earning them.

panju1

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Quote from: freedomgo on July 31, 2016, 02:55:03 AM

Quote from: kevpantof on July 31, 2016, 01:27:59 AM

Quote from: blackmachinegun on July 30, 2016, 06:37:25 PM

Quote from: socks435 on July 27, 2016, 01:43:11 PM

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for the price increase before they sell their bitcoins..

yeah it is a good partner if the bank and bitcoin wallet can help each other and work together, and of course it will be beneficial for both parties
but I think the legalization of bitcoin will be in question before they cooperate? because the banks will not cooperate with anything illegal

i dont think BTC is illegal... I know people are using it in wrong way...but its' legal in various country.. so its not illegal bank can cooperate?

Well, to tell you bitcoin is never illegal and legal because it was not regulated yet, we are free using the digital currency to transact online however the government are already aware of this and might already be doing the necessary measures to prevent from using this in money laundering.

Bitcoin's legal status depends on the country you are in.
If you are in Bangladesh, you can be jailed for using bitcoins.

Strongkored

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Quote from: john2231 on July 31, 2016, 05:48:25 AM

Well i think better to wait for the future because i think for me its a perfect couple that someone can made in the future.
For now we are thinking how banks are secured and how bitcoin will work in bitcoin..

As long as the government is still silent even prohibit bitcoin it could not happen I guess. And I think bitcoin without integrated with the bank has been good.
I think, bank safe because getting assurances from countries where the bank operates. If your money in the bank was stolen and it was pure bank errors It so there will be compensation from the bank.

What do you mean "bitcoin will work in bitcoin"?

Achargeturry78

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Just follow the rules

Quote from: ErnieRox on July 25, 2016, 10:02:49 PM

i use both but would always prefer btc, have been screwed by more than a few times by banks!

same i always prefer bitcoin when im in business hopefuly that my works pay me bitcoin not cash because i really love bitcoin i don't trust banks i only use banks when im withdrawing my bitcoin i always turn my bitcoin into cash i use bank because it easy when im turning my bitcoin into cash i also use bitcoin because it helps me to pay my monthly bills it easy to use

john2231

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Quote from: mirakal on July 31, 2016, 05:42:08 AM

Quote from: Ryananda on July 31, 2016, 03:27:02 AM

Quote from: blackmachinegun on July 30, 2016, 06:37:25 PM

Quote from: socks435 on July 27, 2016, 01:43:11 PM

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for the price increase before they sell their bitcoins..

yeah it is a good partner if the bank and bitcoin wallet can help each other and work together, and of course it will be beneficial for both parties
but I think the legalization of bitcoin will be in question before they cooperate? because the banks will not cooperate with anything illegal

Yes probably bitcoin bank and would not cooperate because the bank certainly has its own system that can be developed that do not need to work with bitcoin. Bitcoin fluctuating prices also do not fit with the bank along.

Bitcoin system is very transparent while bank has its secrecy being protected. I worked in the bank and we have this bank secrecy law that we cannot easily divulge any information of our clients and that scenario would not work in bitcoin because it is transparent.

Well i think better to wait for the future because i think for me its a perfect couple that someone can made in the future.
For now we are thinking how banks are secured and how bitcoin will work in bitcoin..

mirakal

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Quote from: Ryananda on July 31, 2016, 03:27:02 AM

Quote from: blackmachinegun on July 30, 2016, 06:37:25 PM

Quote from: socks435 on July 27, 2016, 01:43:11 PM

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for the price increase before they sell their bitcoins..

yeah it is a good partner if the bank and bitcoin wallet can help each other and work together, and of course it will be beneficial for both parties
but I think the legalization of bitcoin will be in question before they cooperate? because the banks will not cooperate with anything illegal

Yes probably bitcoin bank and would not cooperate because the bank certainly has its own system that can be developed that do not need to work with bitcoin. Bitcoin fluctuating prices also do not fit with the bank along.

Bitcoin system is very transparent while bank has its secrecy being protected. I worked in the bank and we have this bank secrecy law that we cannot easily divulge any information of our clients and that scenario would not work in bitcoin because it is transparent.

electronicfactura

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I will say both because we can fully relay on Bitcoin at this stage as there is lot to go till it will be full alternative of banks. For example Bitcoin already left banks behind in online money transferring by being low cost,allowing more freedom and for fast transaction and also in online gambling it is on driving seat as it is anonymous and provide privacy better than banks. While banks still are in domination where it comes to deal with day to day usage.

Ryananda

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Quote from: blackmachinegun on July 30, 2016, 06:37:25 PM

Quote from: socks435 on July 27, 2016, 01:43:11 PM

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for the price increase before they sell their bitcoins..

yeah it is a good partner if the bank and bitcoin wallet can help each other and work together, and of course it will be beneficial for both parties
but I think the legalization of bitcoin will be in question before they cooperate? because the banks will not cooperate with anything illegal

Yes probably bitcoin bank and would not cooperate because the bank certainly has its own system that can be developed that do not need to work with bitcoin. Bitcoin fluctuating prices also do not fit with the bank along.

freedomgo

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Quote from: kevpantof on July 31, 2016, 01:27:59 AM

Quote from: blackmachinegun on July 30, 2016, 06:37:25 PM

Quote from: socks435 on July 27, 2016, 01:43:11 PM

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for the price increase before they sell their bitcoins..

yeah it is a good partner if the bank and bitcoin wallet can help each other and work together, and of course it will be beneficial for both parties
but I think the legalization of bitcoin will be in question before they cooperate? because the banks will not cooperate with anything illegal

i dont think BTC is illegal... I know people are using it in wrong way...but its' legal in various country.. so its not illegal bank can cooperate?

Well, to tell you bitcoin is never illegal and legal because it was not regulated yet, we are free using the digital currency to transact online however the government are already aware of this and might already be doing the necessary measures to prevent from using this in money laundering.

kevpantof

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Activity: 491

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Quote from: blackmachinegun on July 30, 2016, 06:37:25 PM

Quote from: socks435 on July 27, 2016, 01:43:11 PM

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for the price increase before they sell their bitcoins..

yeah it is a good partner if the bank and bitcoin wallet can help each other and work together, and of course it will be beneficial for both parties
but I think the legalization of bitcoin will be in question before they cooperate? because the banks will not cooperate with anything illegal

i dont think BTC is illegal... I know people are using it in wrong way...but its' legal in various country.. so its not illegal bank can cooperate?

blackmachinegun

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Activity: 532

Merit: 500

Quote from: socks435 on July 27, 2016, 01:43:11 PM

Its a perfect couple i think if they will be partner almost all people will join in invest their money in bitcoin and wait for the price increase before they sell their bitcoins..

yeah it is a good partner if the bank and bitcoin wallet can help each other and work together, and of course it will be beneficial for both parties
but I think the legalization of bitcoin will be in question before they cooperate? because the banks will not cooperate with anything illegal

Superbitzz

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Quote from: Ewinsane on July 30, 2016, 06:21:20 AM

i think bitcoin wallet is too much better and safer than bank wallet . i like bitcoin wallet.

but in present time we cannot depend only on bitcoin wallet as we can see that bitcoin is not yet legalize in all the countries and yet not so much popular in all countries countries of the world equally, therefore most of the people are depending on fiat currency, therefore for fiat currency we have to use bank. as i am receiving my salary from bank my mother is receiving her pension from bank we are also paying utility bills in ban so i can say that banks play important role in our life. therefore we cannot ignore the importance of both banks and bitcoin wallets, where we put or bitcoin.

Bitcoinbro

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Quote from: Labumi on July 30, 2016, 08:21:32 AM

Quote from: Ewinsane on July 30, 2016, 06:21:20 AM

i think bitcoin wallet is too much better and safer than bank wallet . i like bitcoin wallet.

That may be true, but security would be better if we can maintain the confidentiality of data we have for everyone who is around us. For bitcoin wallet is far more than the bank indeed it's no doubt because the bitcoin wallet does not provide fee to users who want to keep it and also cost-per-transaction are very cheap and fast

With the right actions your bitcoin wallet can be more safe then money you have in a bank account.
And bitcoin has less fees which makes it the winner for me.

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