if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.
I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose.
Probably, but a service of this magnitude would not be convenient maybe, because most of them end up selling a whole class of services like insurance policies, credits, mortgages, etc., what I do not argue at all is what you mention: at the end of the day it's their own choice since we all have the freedom to choose, I could almost imagine, as it would be if the banks went into that system, I do not think it does much sense, since
the idea behind these institutions is to store the physical money or values in large vaults, although it is true, little by little these have been evolving, the way they handle checks, debit& credit cards, Cash management has been significantly reduced, resulting in that these may already employ fewer people, with all of the above rather than agree or disagree, I think it would be a matter of practicality and only time will could tell the rest
How's that exactly?
That might have been true some 100 years ago, but this is not any more so. Most money today are purely digital, and banks can be loosely thought of as "mining" nodes in the fiat payment network. They also "confirm" transactions, thereby keeping the financial system of a country alive and ticking. They create new money too just like miners create bitcoins, but unlike Bitcoin they are not restricted by a precise algo (there are other restrictions, just in case). As you can see, it is nowhere near the idea of "storing physical money or values in large vaults"
Well I think there is a discrepancy in our point of view, we are going to put an example, where are all the dollars stored? of course in the safes or vaults, If not where else? of course there will be small, medium, large depending on the type of service they provide, on the other hand, besides IMHO that should not be the main function of "confirm" transactions only so that several services can do this more quickly, another thing you mention that banks thereby keeping the financial system of a country alive and ticking, this last one is very far from maintaining a financial system of a living country since it depends on many factors such as the production of goods and services and its trade balance, international reserves, etc., and finally they are very far from creating money for themselves as they only charge for their services which are too high, I do not know maybe you meant only the central banks in that case it could be something you mention.
