Two words, Neo & Bee 
This ^
Topic: Bitcoin bank accounts - maybe sooner than we think? - page 2. (Read 5758 times)
[...] smart money [...]
That's the point. With BTC, money is as smart as the people who "own" it. Period.
Paypal has been hinting that they may add xbt to their list of currencies in the future (they already allow users to hold funds in a large number of different currencies and exchange between them).
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
Paypal, if even alive at this time, will crawl and beg for bitcoin users to consider them as a possible gateway.
Bitcoin users will then decide if paypal must live or die.
And it will die.
I'd like to believe that could happen, but there's just too much smart money behind paypal/ebay for that to ever play out. I suspect we may see something sooner rather than later, and if it does happen, all bets are off regarding btc/usd rates.
Paypal has been hinting that they may add xbt to their list of currencies in the future (they already allow users to hold funds in a large number of different currencies and exchange between them).
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
Paypal, if even alive at this time, will crawl and beg for bitcoin users to consider them as a possible gateway.
Bitcoin users will then decide if paypal must live or die.
And it will die.
Paypal has been hinting that they may add xbt to their list of currencies in the future (they already allow users to hold funds in a large number of different currencies and exchange between them).
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
...not even saying that value would skyrocket by 1000% in a day... or week maybe ? Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
Paypal has been hinting that they may add xbt to their list of currencies in the future (they already allow users to hold funds in a large number of different currencies and exchange between them).
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
Paypal would instantly become the largest bitcoin wallet, bank, merchant service and exchange in the world by several orders of magnitude with 200+ million users in almost 200 countries.
Two words, Neo & Bee
Why would you centralize something which essence is being decentralized?
Because the mum & dads dont want the hassle of securing their own btc.
AGREED!!
Wouldnt personally keep a ton of coins in the bank but it would be nice to have the option.
Why would you centralize something which essence is being decentralized?
Because the mum & dads dont want the hassle of securing their own btc.
Why would you centralize something which essence is being decentralized?
The beautiful idea with bitcoin is that you are FREE!
You wanna give all your wealth to a centralized institution for a promise of steady interests? You're free to do so.
You don't wan't? You just be your own banker, send wealth to whoever you want, and fuck everyone else.
That's why Bitcoin will be around tomorrow. Your decision. You have the power.
those days have gone.
the whole FIAT system now is dying, because the currency amount printed on it, is not worth the paper its printed on.
+1the whole FIAT system now is dying, because the currency amount printed on it, is not worth the paper its printed on.
but what i do see as a possible use of a 'centralised' system to still exist is for ensuring instant transactions without the whole confirm 10 minute waiting periods. which would mainly be beneficial for the small priced stuff that shops would hate to have customers waiting 10 minutes to process.
stuff like cars and houses, yea i accept having to wait 10-20 minutes to guarantee payment. but a sandwich or a cup of coffee, i wouldnt want to have to hang around for
Again, +1 stuff like cars and houses, yea i accept having to wait 10-20 minutes to guarantee payment. but a sandwich or a cup of coffee, i wouldnt want to have to hang around for
I don't think banks are fit for Bitcoin. They are not needed and defeats the object of Bitcoin.
I can imagine people uploading some of their bitcoins to a "bank". This will enable instant transactions of Bitcoin IOUs, trust-based paths among its members, and instant transactions with bitcoins for merchants which trust that "bank".
where banks use to have their niche was as the secure store of gold so that average joe did not have to be weighted down, instead they were given receipts (more commonly bearer bonds/ IOU's) promising the person holding the note that they can reclaim the gold on demand.
those days have gone.
the whole FIAT system now is dying, because the currency amount printed on it, is not worth the paper its printed on.
but what i do see as a possible use of a 'centralised' system to still exist is for ensuring instant transactions without the whole confirm 10 minute waiting periods. which would mainly be beneficial for the small priced stuff that shops would hate to have customers waiting 10 minutes to process.
stuff like cars and houses, yea i accept having to wait 10-20 minutes to guarantee payment. but a sandwich or a cup of coffee, i wouldnt want to have to hang around for,
so having a service where by, for instance 'bips' or 'bitpay' were the centralised service. people can have a small account for putting in under $100 worth of funds (not requiring ID checks and other red tape) and the customer because the funds are pre-confirmed within bips/bitpay, can then use those funds to pay starbuck, a bar or walmart instantly without waiting. because bips/bitpay simply do a database balance alteration (off the blockchain) between customer and merchant.
this is where i see the future of banking being. small transactions using Apps to make instant transactions fast and easy to use. and to quote the credit card company "for everything else there is" bitcoin-QT
those days have gone.
the whole FIAT system now is dying, because the currency amount printed on it, is not worth the paper its printed on.
but what i do see as a possible use of a 'centralised' system to still exist is for ensuring instant transactions without the whole confirm 10 minute waiting periods. which would mainly be beneficial for the small priced stuff that shops would hate to have customers waiting 10 minutes to process.
stuff like cars and houses, yea i accept having to wait 10-20 minutes to guarantee payment. but a sandwich or a cup of coffee, i wouldnt want to have to hang around for,
so having a service where by, for instance 'bips' or 'bitpay' were the centralised service. people can have a small account for putting in under $100 worth of funds (not requiring ID checks and other red tape) and the customer because the funds are pre-confirmed within bips/bitpay, can then use those funds to pay starbuck, a bar or walmart instantly without waiting. because bips/bitpay simply do a database balance alteration (off the blockchain) between customer and merchant.
this is where i see the future of banking being. small transactions using Apps to make instant transactions fast and easy to use. and to quote the credit card company "for everything else there is" bitcoin-QT
but I am my own bank for my bitcoins.. :|
Why would you centralize something which essence is being decentralized?
I am seeking a patent for water that isn't wet.
I think it will never happen... 
If so it wouldn't run long USA officials will complain....
If so it wouldn't run long USA officials will complain....
I don't think banks are fit for Bitcoin. They are not needed and defeats the object of Bitcoin.
Why would you centralize something which essence is being decentralized?
I am seeking a patent for water that isn't wet.
What I'd really like to see are more Chinese merchants who accept Bitcoin. Does any sort of directory exist? It would be nice if Alibaba supported Bitcoin. That would really accelerate adoption!
proper long term savings accounts where banks can use and abuse our funds, i dont think so.
especially not for a measly 1-5% return
but small 'pocket money' sized accounts to deposit into (to get preconfirmed) and then used for instant 'off the chain' transactions with retailers like starbucks, mcdonalds and other small priced items would be an advantage
especially not for a measly 1-5% return
but small 'pocket money' sized accounts to deposit into (to get preconfirmed) and then used for instant 'off the chain' transactions with retailers like starbucks, mcdonalds and other small priced items would be an advantage
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