I guess, Bitcoin bank is good as long as it is 100% DECENTRALIZED , 100% SECURED, but keeping PRIVATE , SECURE and CONFIDENTIAL just like XMR.
As like XMR we cannot have a decentralized system. XMR is quite low in capital compared to the bitcoin, when a banking service gets initiated with bitcoin as the value token it needs to get incorporated with fiat as well other digital tokens. This at time require KYC and loss anonymity causing to go under control of some authority. 
Topic: Do you agree with idea "Bitcoin bank" ? - page 49. (Read 142276 times)
This seems like a good idea, the bank will make transactions bitcoin better and more guarantees the future of the bitcoin. And the most important and can make the bitcoin is accepted as a legitimate means of payment.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
Yes. You are the bank, the manager and the CEO. Who doesn't like that?
It would be more work if you want a bank. Calling them just for confirmation and other stuff that needed your attention.
Oh one more, the government could trace it, if you have stuffs that needs to be paid they will take it there without your consent.
That is how banks work with the officials. Is that cool? NO! That is stealing.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
Yes. You are the bank, the manager and the CEO. Who doesn't like that?
It would be more work if you want a bank. Calling them just for confirmation and other stuff that needed your attention.
Oh one more, the government could trace it, if you have stuffs that needs to be paid they will take it there without your consent.
That is how banks work with the officials. Is that cool? NO! That is stealing.
I guess, Bitcoin bank is good as long as it is 100% DECENTRALIZED , 100% SECURED, but keeping PRIVATE , SECURE and CONFIDENTIAL just like XMR.
If you say bank, it is a place where you put your money and they have the control of your money once you deposited it on the bank. Compare to the bank of fiat, they use our money to give loans and use it to invest for their company and also control the supply of the money. So i don't think that bitcoin will be decentralized once it gets a bank because the bank will take over the control if you already deposited your money.I guess, Bitcoin bank is good as long as it is 100% DECENTRALIZED , 100% SECURED, but keeping PRIVATE , SECURE and CONFIDENTIAL just like XMR.
If you say bank, it is a place where you put your money and they have the control of your money once you deposited it on the bank. Compare to the bank of fiat, they use our money to give loans and use it to invest for their company and also control the supply of the money. So i don't think that bitcoin will be decentralized once it gets a bank because the bank will take over the control if you already deposited your money.
Yes I agree! this will be a big help to all of us.. but maybe this only can happen if the government accept bitcoin as 1 of the currency to a country for buy and selling real life things.
I guess, Bitcoin bank is good as long as it is 100% DECENTRALIZED , 100% SECURED, but keeping PRIVATE , SECURE and CONFIDENTIAL just like XMR.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
That correct, we do not need a bank that is similar to banks in real world that accepts fiat, bitcoin is created to give us freedom as we are entitled with that. Bitcoin is the answer and it's not controlled by the government so we can do whatever we want without being watch and being restricted.For me, it's the freedom that we are looking and with this freedom that we experience if we share with other people we will grow as a big community.
Banks do have some positive aspects that create value rather than just slurp it from others. For example, pooling bitcoin investments, using them to fund real world, non bitcoin related.ventures is something a bank would do in RL. Also, offering long deposited bitcoin to lenders for interest. While I agree that the whole purpose of bitcoin is being your own bank, the community aspect/pooled risk characteristics of.banks can dovetail with the spirit of.bitcoin in a meaningful way. But, you will have to relinquish trust.
Like a bank
I agree when held bitcoin bank because it is very helpful to us all.
agree?
agree?
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
That correct, we do not need a bank that is similar to banks in real world that accepts fiat, bitcoin is created to give us freedom as we are entitled with that. Bitcoin is the answer and it's not controlled by the government so we can do whatever we want without being watch and being restricted.For me, it's the freedom that we are looking and with this freedom that we experience if we share with other people we will grow as a big community.
Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
I kind of doubt that I'll download an Electrum wallet with some malicious code if I'm going to install it right from the electrum website. People have been using Electrum for quite a while now and no one has lost their coin yet. Although it's possible that the whole thing has been malicious ever since and Electrum is just waiting for the best time to harvest all the coins saved using their wallet. Oh well, there's always a risk to take. Even online wallets have risk
It doesn't make much sense to wait that long
Apart from that, Electrum wallet seems to be open-sourced so someone (and likely not a single person) has apparently already checked the code for malicious content. But this doesn't guarantee that someone else might not hack their site once upon a time and put there their own tainted version of the wallet. It might make sense to install the wallet but still keep coins in a paper wallet (i.e. in a few paper wallets), and import the keys when you need to send some coins. I recently tried to install it from Gentoo depository but some dependency failed to compile, and I'm not inclined to get into this right now
Yes, every user should do that
Regarding your video issues, I can tell you my own story. A few years ago I had been using a dual boot machine and switching between Linux and Windows as needed. It was a boat anchor like some 10 years old crap but it worked so I was quite happy with it. Once I downloaded an HD movie and I decided to watch it on Windows since I somehow expected that Windows would be better at doing such things. But the movie lagged heavily up to a point where it was impossible to watch. I didn't actually expect that I would be able to launch it on Linux at all, but mplayer, to my great surprise, played it like a charm, smooth and with no lagging altogether. You may want to try this player yourself
Regarding your video issues, I can tell you my own story. A few years ago I had been using a dual boot machine and switching between Linux and Windows as needed. It was a boat anchor like some 10 years old crap but it worked so I was quite happy with it. Once I downloaded an HD movie and I decided to watch it on Windows since I somehow expected that Windows would be better at doing such things. But the movie lagged heavily up to a point where it was impossible to watch. I didn't actually expect that I would be able to launch it on Linux at all, but mplayer, to my great surprise, played it like a charm, smooth and with no lagging altogether. You may want to try this player yourself
It would be a lifesaver if that works. I'm just using everything on default in Linux. I'm also on dual boot right now (Windows 10 + Ubuntu). Firefox appears to be slower than expected so I installed Chromium, it solved the problem. Hope mplayer solves this one. (Although all of this of course wouldn't be a problem if I research more.
)I feel like the video player of Ubuntu crashes on parts of the video that encountered some lags in the Internet connection when you were downloading it. Since I have a slow Internet connection, that can be the case. But people are also experiencing the same problem according to my little research.
Anyway, thank you for the info. I will shoot you a pm tomorrow if this works (Hopefully I remember to do so).
To everyone that's reading this, I can't emphasize enough how safe your bitcoins will be if you're going to use Linux. You don't even need antivirus on Linux. Use electrum on Linux, choose the wallet with 2FA, encrypt the wallet with a password, make a copy of your wallet to a freshly formatted flash drive, move all your funds to the addresses of the wallet, and you're good to go
You are welcome, bro
mplayer is a command line utility, it doesn't have a front-end on its own, though there should be some from third parties. Personally, I run it directly from xterm terminal window (so I don't care if there are any). Regarding using Electrum (and other desktop wallets), this is not without caveats either. If someone manages to inject a malicious code in it and then distribute it, your coins will get stolen as easily from Linux as from Windows
mplayer alone didn't do me any favor. I did all research but that PNG error won't leave me. So I installed SMPlayer instead which is a front-end as well. At least that's what it says on the definition.
I kind of doubt that I'll download an Electrum wallet with some malicious code if I'm going to install it right from the electrum website. People have been using Electrum for quite a while now and no one has lost their coin yet. Although it's possible that the whole thing has been malicious ever since and Electrum is just waiting for the best time to harvest all the coins saved using their wallet. Oh well, there's always a risk to take. Even online wallets have risk.
In general, no, it is not better in terms of security
The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?
The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?
I was of course referring to people that know what to do and how to increase the level of their security. I personally do that by making use of a hardware wallet. But sure, there are enough people that don't know how to properly secure everything. Let me ask you a question -- how do you take care of the security aspects regarding your regular usage wallets and of course your cold wallets?
I don't have cold wallets (but I'm looking into this now)
I'm mostly a trader myself so I have to keep money on exchanges, but not just bitcoins. For example, right now I'm around 60-70% in fiat waiting in ambush for prices to hit below 900 dollars per coin (but I'll be just as happy if the price continues to rise). I have some coins (not much anyway) in my Coinbase wallet, but I'm now looking into alternatives since they obviously won't credit BU coins if the split comes about (which I personally don't believe in, buth better safe than sorry), and they started levying transaction fees on their clients some time ago (free of charge transactions were the primary reason I had been using them). I considered an option of a lightweight desktop wallet like Electrum but I'm uneasy about that because to me, this is even more risky than using a web-wallet. To remove this risk, I would have to look myself into the source code which I'm going to compile but I have neither time nor desire for that
Bitcoin bank? it may sound like the common fiat bank i.e the building and the money keeper. but i'm sure it shouldn't be that. for bitcoin every user is the banker of his/herself.
Your wallet should be your bank.
That's probably the current set up now, our wallet is our bank and we do not need a fiat bank to interfere the current system. I'm satisfied already so why would I need a bank which normally charge bigger fees and take our freedom to transact anonymously. Your wallet should be your bank.
Bitcoin bank? it may sound like the common fiat bank i.e the building and the money keeper. but i'm sure it shouldn't be that. for bitcoin every user is the banker of his/herself.
Your wallet should be your bank.
rue I think every user wants them to be the bank for themselves. because it would be much safer and easier course. because you do not need to rely on others. after all, your money will be controlled by bank Your wallet should be your bank.
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Exactly, having your own bitcoin wallet is already a bitcoin bank. And with this idea of "bitcoin bank" this will just regulate the usage of bitcoin in the economy of where you are living and the bad is that you will be controlled when to buy or sell your coins just like what is happening at China. Look at them now, I don't agree with this thing either.
Not exactly we are controlled with our buy and sell because that's a rule of the bitcoin system, well if you considered your wallet as a bitcoin bank and I tell you it's not my friend. A bitcoin bank is somewhat to be developed different from a wallet online, because there is a system of secured account which could not be accessed directly by the account holders without authentication from them to make secure of the savings. If you really wanted banking your bitcoin now, so you can do the best option to cash out your balances and deposit to fiat money bank, while bitcoin still on the plan.
With the control I'm talking about the regulation of the agency or body of government that will control that bank, possibly with the finance department. And I'm giving an example of it with the China, their withdrawals was once hold , I don't have any update with them right now. And to make it clear, fiat money putting on the bank is very far from bitcoin on bitcoin wallet considering as bitcoin bank.
Bitcoin bank? it may sound like the common fiat bank i.e the building and the money keeper. but i'm sure it shouldn't be that. for bitcoin every user is the banker of his/herself.
Your wallet should be your bank.
Your wallet should be your bank.
Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system
Exactly, having your own bitcoin wallet is already a bitcoin bank. And with this idea of "bitcoin bank" this will just regulate the usage of bitcoin in the economy of where you are living and the bad is that you will be controlled when to buy or sell your coins just like what is happening at China. Look at them now, I don't agree with this thing either.
Not exactly we are controlled with our buy and sell because that's a rule of the bitcoin system, well if you considered your wallet as a bitcoin bank and I tell you it's not my friend. A bitcoin bank is somewhat to be developed different from a wallet online, because there is a system of secured account which could not be accessed directly by the account holders without authentication from them to make secure of the savings. If you really wanted banking your bitcoin now, so you can do the best option to cash out your balances and deposit to fiat money bank, while bitcoin still on the plan.
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