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Topic: Banks and Bitcoin (Read 3584 times)

legendary
Activity: 1414
Merit: 1077
May 15, 2015, 06:33:07 PM
#85
Banks are shit all they want to do is take money from working and lower class and give to rich including their employees in outrageous bonuses.
sr. member
Activity: 331
Merit: 250
May 15, 2015, 06:29:09 PM
#84
The point of banks is to hold your money somewhere safe and be able to gain interest from that.
hero member
Activity: 533
Merit: 500
May 15, 2015, 04:12:25 PM
#83
I have read somewhere many major banks have already started research on block chain technology to implement it to tackle the dangers created by BTC. Banks will adjust their system with BTC and block chain sooner.

Still long way to go my dear friend. Researching is one thing and implementing it in a real is another thing I don't see that banks will have a friendly attitude towards the bitcoin in near future as the Govt will decide whether bank should go with bitcoins or not.
hero member
Activity: 952
Merit: 1000
May 15, 2015, 02:55:58 PM
#82
I don't think it is possible in future that banks and bitcoin goes hand in hand as bank views bitcoin as their competitor and as a threat to entire banking system as a whole it can only possible if govt interfere in it and start supporting the bitcoin or else it is simply not possible.
sr. member
Activity: 271
Merit: 250
May 15, 2015, 02:43:49 PM
#81
The real value  of Bitcoin is that you don’t need to know your customer. Cheesy Cheesy Cheesy
hero member
Activity: 728
Merit: 500
May 15, 2015, 02:09:35 PM
#80
I have read somewhere many major banks have already started research on block chain technology to implement it to tackle the dangers created by BTC. Banks will adjust their system with BTC and block chain sooner.
legendary
Activity: 1876
Merit: 1005
May 15, 2015, 02:06:54 PM
#79
Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?
but banks and bitcoin are opposite of each other, like ice and fire. why would banks want to invest in something that is going to put them out of business. with bitcoin no one needs banks, although this is not happening right now.

Thats right. Bitcoin is threat to the banking system. Banking system will never support the bitcoin in future too as they know that bitcoin is available 24/7 so if the bank is closed on public holidays the same case would not be with bitcoin people can have access to bitcoin anytime and from anywhere.
Bitcoin is reality now and is spreading day by day like fire in jungle.Bitcoin is to stay and rule the next monetary system in coming years.I think banks will be used as exchanges for Bitcoin and other crypto currencies.If they want to continue work other wise they have no future.
hero member
Activity: 938
Merit: 1000
May 15, 2015, 01:14:51 PM
#78
Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?
but banks and bitcoin are opposite of each other, like ice and fire. why would banks want to invest in something that is going to put them out of business. with bitcoin no one needs banks, although this is not happening right now.

Thats right. Bitcoin is threat to the banking system. Banking system will never support the bitcoin in future too as they know that bitcoin is available 24/7 so if the bank is closed on public holidays the same case would not be with bitcoin people can have access to bitcoin anytime and from anywhere.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
May 15, 2015, 05:53:10 AM
#77
Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?
but banks and bitcoin are opposite of each other, like ice and fire. why would banks want to invest in something that is going to put them out of business. with bitcoin no one needs banks, although this is not happening right now.
legendary
Activity: 3248
Merit: 1070
May 15, 2015, 05:52:05 AM
#76
I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

we still need them because we need fiat, bitcoin is not that spread in every shops, and we can't buy everything we want with it yet

on the contrary bank don't need bitcoin at all

Not true.
You can have fiat or any legal tender without the banks "saving" your money for "interest", which they get from lending your money to someone else.
You have Bitcoin now as a currency.
Do you need banks to store it for you?

Nope. That means banks are useless unless you need a loan, of which you will pay back at least a minimum of 5 times the original amount.


well this is true, i said "we" in general, personally i don't need bank, in fact i use a debit card which doesn't work with a bank account, but it is anyway attached to the bank that issued it(in the sense that you need a bank to have a debit card/credit card ecc...), this is what i mean with "we need them"

for now i don't like too much all those debit card on internet, their fees are too high(some seems a scam...), while mine is free on everything(i'm using the card of deutech bank)
hero member
Activity: 699
Merit: 501
May 15, 2015, 05:07:26 AM
#75
I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

we still need them because we need fiat, bitcoin is not that spread in every shops, and we can't buy everything we want with it yet

on the contrary bank don't need bitcoin at all

Not true.
You can have fiat or any legal tender without the banks "saving" your money for "interest", which they get from lending your money to someone else.
You have Bitcoin now as a currency.
Do you need banks to store it for you?

Nope. That means banks are useless unless you need a loan, of which you will pay back at least a minimum of 5 times the original amount.


Well I'm looking to work with fiat. Yes I can get fiat in using WeMoney or OkPay. I could probably use the same account to pay consumers. But if I don't need a bank, how will I be able to use these services?
hero member
Activity: 952
Merit: 513
May 15, 2015, 04:53:28 AM
#74
I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

we still need them because we need fiat, bitcoin is not that spread in every shops, and we can't buy everything we want with it yet

on the contrary bank don't need bitcoin at all

Not true.
You can have fiat or any legal tender without the banks "saving" your money for "interest", which they get from lending your money to someone else.
You have Bitcoin now as a currency.
Do you need banks to store it for you?

Nope. That means banks are useless unless you need a loan, of which you will pay back at least a minimum of 5 times the original amount.
hero member
Activity: 631
Merit: 500
May 15, 2015, 04:45:56 AM
#73
Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

well from my point of view, i trust banks today because its more regulated and more established than bitcoin
because i see many exchanges being hacked thats why i think banks are safer place for your money

I think yes banks are the safest to keep your money as banks are also involved into hitech systems which keeps money more safer and it gives quick access to its customers across the globe so people prefer banks more as compared to bitcoins as bitcoin is new concept.
hero member
Activity: 490
Merit: 500
37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP
May 15, 2015, 02:02:30 AM
#72
Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

well from my point of view, i trust banks today because its more regulated and more established than bitcoin
because i see many exchanges being hacked thats why i think banks are safer place for your money
legendary
Activity: 3248
Merit: 1070
May 15, 2015, 01:20:16 AM
#71
I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

we still need them because we need fiat, bitcoin is not that spread in every shops, and we can't buy everything we want with it yet

on the contrary bank don't need bitcoin at all
hero member
Activity: 952
Merit: 1000
May 15, 2015, 01:11:46 AM
#70
Banks and Bitcoin can never travel in a same boat. Bank will never support the bitcoin as they clearly know that if the people start using the bitcoin then it would be the end of the banking system the main advantage with banks is people trusts banks more then the bitcoins.
sr. member
Activity: 331
Merit: 250
May 14, 2015, 07:32:58 PM
#69
Its hard for banks to work with bitcoin because of its design to be deflationary and not inflationary.
Pab
legendary
Activity: 1862
Merit: 1012
May 14, 2015, 06:57:08 PM
#68
 Cashout from fees and trading manipulation
sr. member
Activity: 315
Merit: 250
May 14, 2015, 04:51:32 PM
#67
I don't think that any banking system in the world will support the use of bitcoins as they see bitcoins as threat to their entire system and the fiat currency and thats the reason many countries are against the use of bitcoins as banking systems are taking suppport from the government to oppose it.

Yup long way to go its really to think but its very difficult to implement i dont think that bitcoin will be getting support from any banks across the world as the banking systems knows that it cannot be a good sign for them as a whole and thats why they are running away from the bitcoins
hero member
Activity: 506
Merit: 500
May 14, 2015, 02:41:34 PM
#66
I don't think that any banking system in the world will support the use of bitcoins as they see bitcoins as threat to their entire system and the fiat currency and thats the reason many countries are against the use of bitcoins as banking systems are taking suppport from the government to oppose it.
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