Bitcoin vs. Banking: An Infographic | Bitcointalksearch.org

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

Quote from: roslinpl on July 14, 2014, 03:20:20 PM

Thanks for sharing! Great article!

Quote

Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions. Bitcoins main concern for risk is someone breaking into a wallet without proper preventative measures, such as encrypting your wallet, and your coins being taken.

I hate that I need to use my bank account ...

I believe and truly hope that it is a matter of few years when I will be able to pay for everything using my Bitcoin Wallet.

As for now I am forced to use a bank account :]

Kind regards.

I can't wait until the day where I can shut down my bank account and don't have to worry about those money grabbers. though I will have new worries in keeping my Bitcoin safe.

theblacksquid

full member

Activity: 182

Merit: 100

That was awesome!!! I'll be sure to save that infographic!

keanbosch

member

Activity: 72

Merit: 10

Quote from: roslinpl on July 14, 2014, 03:20:20 PM

Thanks for sharing! Great article!

Quote

Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions. Bitcoins main concern for risk is someone breaking into a wallet without proper preventative measures, such as encrypting your wallet, and your coins being taken.

I hate that I need to use my bank account ...

I believe and truly hope that it is a matter of few years when I will be able to pay for everything using my Bitcoin Wallet.

As for now I am forced to use a bank account :]

Kind regards.

Your Welcome,

Well most people depend on the banking system rather than the bitcoin way due to bitcoin immaturity compared to banking today, but I believe in the coming years we can use our wallet on everything we'd like to purchase (not maybe all but most of it).

~ Kean

roslinpl

legendary

Activity: 2212

Merit: 1199

Thanks for sharing! Great article!

Quote

Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions. Bitcoins main concern for risk is someone breaking into a wallet without proper preventative measures, such as encrypting your wallet, and your coins being taken.

I hate that I need to use my bank account ...

I believe and truly hope that it is a matter of few years when I will be able to pay for everything using my Bitcoin Wallet.

As for now I am forced to use a bank account :]

Kind regards.

keanbosch

member

Activity: 72

Merit: 10

There’s no denying that Bitcoin is changing the way we think about the financial market and investors are finally getting on board. Companies that specialize in buying and selling gold have made announcements that they will be expanding into Bitcoin. According to Richard Waters, a writer in the Financial Times, reported A-Listers in Silicon Valley are climbing onto the bitcoin bandwagon.

Here's the Infographic
http://www.ahametals.com/bitcoin-vs-banking-infographic/

Topic: Bitcoin vs. Banking: An Infographic (Read 880 times)