Bitcoin wallet in bank? - page 7. | Bitcointalksearch.org

Iceborn

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Quote from: Shiroslullaby on September 22, 2016, 12:11:49 PM

Bitcoin is an alternative to fiat currencies.
Banks are only interested in fiat at this point in time.
It would be interesting to see a bank start accepting cryptocurrencies, but its not going to happen any time soon, because Bitcoin is a competitor, and they are not going to promote a competitor.

Maybe we will eventually see some local credit union start accepting Bitcoin or some other coin.
But I don't think that will happen for a while.

I also do not think they will do this anytime soon , I really hope they will of course but the chance is just so small, maybe in the future there are some chances.
Banks are already busy with their own coins these days.

YTBitcoin

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When the governments will approve bitcoin and they will allow their banks to accept bitcoin then the banks will create their own wallets and they will invite people to create a wallet with them to continue working with bitcoin in their banks.

JeffBrad12

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Quote from: btvGainer on September 22, 2016, 04:13:46 PM

Quote from: BingoDog on September 20, 2016, 12:48:01 AM

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

If that happens,it will kill bitcoin.The whole idea of bitcoin is currency without any middlemen.If you need bank to create a wallet,your bitcoins will no more be anonymous.Some banks are considering to adopt blockchain but I dont think any Bank will accept bitcoin

Bitcoin will lose their characteristic and other from that the bank will try for putting a task for their customer and that is will be worst things in my mind because bank having possibilities for making any intervention in the system of bitcoin.

Doamader

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Soo you wanna to banks allow you to deposit your bitcoins at them? For what to they control and know how much money you made over crypto world, or to have to wait business days to be able to moove your coins, or to you request the banks to moove a big ammount out from the wallet, this is insane my bank its blockchain wallet, i dont need any other between me and my bitcoins.

btvGainer

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Quote from: BingoDog on September 20, 2016, 12:48:01 AM

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

If that happens,it will kill bitcoin.The whole idea of bitcoin is currency without any middlemen.If you need bank to create a wallet,your bitcoins will no more be anonymous.Some banks are considering to adopt blockchain but I dont think any Bank will accept bitcoin

Patatas

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Quote from: BingoDog on September 20, 2016, 12:48:01 AM

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

Firstly,the concept of having a bank is really against the principles of bitcoin.Secondly,if a bank is in control of your wallet,how's that "your wallet" again ? Technically,that's centralizing the chain.I could further disagree with every line in the post which has the term "Bank" in it.The reasons are too detailed to explain in one post.The rumors you're hearing maybe true but that is not bitcoin,it will be a centralized digital currency and the transactions won't be open to public but the bank authorities.

Shiroslullaby

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Bitcoin is an alternative to fiat currencies.
Banks are only interested in fiat at this point in time.
It would be interesting to see a bank start accepting cryptocurrencies, but its not going to happen any time soon, because Bitcoin is a competitor, and they are not going to promote a competitor.

Maybe we will eventually see some local credit union start accepting Bitcoin or some other coin.
But I don't think that will happen for a while.

rio3233

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Quote from: BingoDog on September 20, 2016, 12:48:01 AM

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

Yes, i want that. Bitcoin wallet and bank can coorporate together. I'm sure many people want this too. It might be happen, if banks start accepting bitcoin as a currency. because bank is still not accepting bitcoin nowdays.

ObscureBean

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Quote from: Red-Apple on September 22, 2016, 09:33:14 AM

Quote from: ObscureBean on September 22, 2016, 08:18:27 AM

It's definitely possible that some day banks might accept Bitcoin deposits. Not sure they will actually have wallets for you to store your Bitcoins, the Bitcoins you deposit will probably be converted automatically to regular currencies. But it is also possible that they develop their own cryptocurrency instead of adopting Bitcoin.

even if that becomes possible someday, that bank will be something like coinbase. it means people who choose to use a bank instead of a normal bitcoin wallet will be forced to give up control of their private keys and their money (bitcoin in this case) and trust the bank to keep it for them just like what coinbase is doing.

the only upside to this can be possible profit that banks (unlike coinbase) will pay to deposits. but the downsides are a lot more.

I'm not sure why it's such a big deal that you don't control your private keys. Surely it's not because you're afraid Coinbase will run away with your Bitcoins? I mean keeping your money in the bank is the same thing isn't it, and banks don't steal people's money. Also your coins on Coinbase are insured against hacks and theft.

Leonard2016

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Quote from: StarofBTC on September 22, 2016, 11:15:08 AM

Quote from: BingoDog on September 20, 2016, 12:48:01 AM

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

Yes, it might happen. Just imagine coinbase gets license to run a traditional bank, what will happen ?
As you stated we will be getting a bank account along with bitcoin wallet. As long as bitcoin sticks with its core concepts, there will not be any problem for bitcoin community even banks will be having their own altcoin versions.

not that many people use coinbase and surely not that many people even like coinbase. it is a good place to buy bitcoin only because it is easy and understandable for newbies who are technically challanged.

but real bitcoin users will never use coin base they will continue having their own wallets to stay away and independant of banks and the like.

wikenpp

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Quote from: StarofBTC on September 22, 2016, 11:15:08 AM

Quote from: BingoDog on September 20, 2016, 12:48:01 AM

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

Yes, it might happen. Just imagine coinbase gets license to run a traditional bank, what will happen ?
As you stated we will be getting a bank account along with bitcoin wallet. As long as bitcoin sticks with its core concepts, there will not be any problem for bitcoin community even banks will be having their own altcoin versions.

Getting your money on a bank is like the current situation: centralization. And that is exactly what bitcoin doesn't want. What we want is decentralization. Because yes why should a bank be the owner of your money? Decide how much you can deposit or withdraw? For a few cents interest a year, you are giving them a lot of power on your money. Think about that for a while and you will know what truly makes bitcoin worth your while.

StarofBTC

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Quote from: BingoDog on September 20, 2016, 12:48:01 AM

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

Yes, it might happen. Just imagine coinbase gets license to run a traditional bank, what will happen ?
As you stated we will be getting a bank account along with bitcoin wallet. As long as bitcoin sticks with its core concepts, there will not be any problem for bitcoin community even banks will be having their own altcoin versions.

mindrust

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Why don't you keep it simple instead of making it complicated? Do you really that eager to pay fees to banks? You don't need banks. Fuck banks.

You only need a Harddrive. Or just a USB flashdisk.(for the wallet file) You don't even need those. Just write down your privatekeys and keep them in a safe place, that's it.

Bitcoinsummoner

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Quote from: BingoDog on September 20, 2016, 12:48:01 AM

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

I think its not because bitcoin have already bitcoin ATM here in my country that only bitcoin that you can deposit and withdraw..
Its just like a bank but the difference you dont need atm card only cellphone with your wallet that you can send and deposit and withdraw using atm and cellphone.

hero1111

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It will be posible one day for every bank and they will use bitcoin system and customers of bank will use bitcoin wallet but i m not sure how it will be bitcoin wallet when the day come i mean bitcoin wallet system can change too and we can use different bitcoin wallet system in the bank .

HeroCat

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Banks will have their own wallets, from which you can send/receive Bitcoins. One bank will start, others will follow. In banking there are not so many new technologies, so I think banks will start to implement Bitcoin soon. Wink

poptok1

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Quote from: btccashacc on September 22, 2016, 01:46:37 AM

Quote from: Ryananda on September 21, 2016, 03:23:57 AM

Yes maybe it could happen because in my country like Paypal accepted by some banks. And it is very possible for bitcoin to be accepted in the bank, but that certainly needs many changes in bitcoin order to enter the bank.

serioussly?
first of all paypal and bitcoin are different (except as a payment method) bitcoin is a currency while paypal is a service for paying things online that conected with your bank account.
secondly bitcoin is impossible for bank to adopted bitcoin in to their system, due to the decentralization of the bitcoin, they can't controll it so there is no way for them to adopt it, they only interested on technlogy behind bitcoin, the blockchain and it possible for them to make their own cryptocurrency.

I also think that if anything related to bitcoin will be adopted by big banks that's going to be some bankster-shitcoin. They don't like things beyond their control ergo no BTC accounts.
Besides wouldn't it be against bitcoin philosophy? Those are money invented for US to trade, play, have fun and earn in the internet's not them banks
Having the basic knowledge of crypto now would make us sceptical clients, why store my coins in a bank when I can do the same on my own, free of charge? Not to mention private key issue... I think that banks will never adopt BTC on their own and its a good thing. We dont need them, we never did.

Red-Apple

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Quote from: ObscureBean on September 22, 2016, 08:18:27 AM

It's definitely possible that some day banks might accept Bitcoin deposits. Not sure they will actually have wallets for you to store your Bitcoins, the Bitcoins you deposit will probably be converted automatically to regular currencies. But it is also possible that they develop their own cryptocurrency instead of adopting Bitcoin.

even if that becomes possible someday, that bank will be something like coinbase. it means people who choose to use a bank instead of a normal bitcoin wallet will be forced to give up control of their private keys and their money (bitcoin in this case) and trust the bank to keep it for them just like what coinbase is doing.

the only upside to this can be possible profit that banks (unlike coinbase) will pay to deposits. but the downsides are a lot more.

Capradina

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Quote from: ObscureBean on September 22, 2016, 08:18:27 AM

It's definitely possible that some day banks might accept Bitcoin deposits. Not sure they will actually have wallets for you to store your Bitcoins, the Bitcoins you deposit will probably be converted automatically to regular currencies. But it is also possible that they develop their own cryptocurrency instead of adopting Bitcoin.

Everything you say is true, because the banks will certainly profit from any of the things they used to do. Because the bank is a company that does require money (profit) for their growth, so it will be difficult to continue if the bank gives a rate equal to or greater than the rate use the money

ObscureBean

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It's definitely possible that some day banks might accept Bitcoin deposits. Not sure they will actually have wallets for you to store your Bitcoins, the Bitcoins you deposit will probably be converted automatically to regular currencies. But it is also possible that they develop their own cryptocurrency instead of adopting Bitcoin.

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