Topic: How are you sure that Bitcoin will be operated in the bank in the future? (Read 1787 times)
July 15, 2017, 04:35:51 PM
I'm sure Bitcoin will be operated in the bank in the future because bitcoin makes it easy for me to transact in selling or buying online and others.
July 15, 2017, 04:28:18 PM
Why do we need banks to operate it really does not make any sense,i am sure you really do not understand the concept of bitcoin,the possibility to keep millions of dollars in you own hands without much of a worry and without the help of a third person,you control your own money and that is the reason everyone is interested in bitcoin.
July 15, 2017, 01:31:19 PM
Maybe the form of operation is not the same as the bank as usual, maybe its form is only transaction supervision only
July 15, 2017, 10:53:25 AM
What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.
The banking sector has equally achieved some advancement from 2009 till date and this has not stops so I don't see them not tapping into opportunities offered by bitcoin since afterall, we all still need the bank. In as much as most people in the crypto world don't trust the bank, that does not remove the fact that they have been more than helpful in ensuring the news and trade is spreading as fast as possible in which if they ask for more share of the cake, there is nothing in doing that.
July 15, 2017, 10:49:39 AM
We already trusted our banks as an escrow, and look where that led us... What you're saying is impractical and would essentially be going back in time to what we had before Bitcoin.
Currently, bitcoin is not accepted by banks. But government banks are not banned and the law does not interfere. But with the current financial mobilization, currency to the throne and valuable to gold or can be converted into cash in the future BCT is acceptable bank. 
July 15, 2017, 08:16:07 AM
What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.
I am not sure Bitcoin will be operated in the banks in the future. However, I know banks will run their services through some of these cryptocurrencies, majorly with Bitcoin, in the near future. The banks will expectedly run Bitcoin related services too and make money off transactions from the blockchain. As for banks serving as escrows? That would be a bad idea and development considering where the banks have got us so far with their shambolic services.
July 14, 2017, 01:16:16 PM
What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.
There is no real need for banks to be using Bitcoin, much in the same way that Bitcoin doesn't need fiat under the right economic circumstances. People can use their own wallets as a means of secure storage should they need something like that for their own use. Banks can operate as mediums for international trade, and those international mediums can use Bitcoin in the way you're describing. 
July 14, 2017, 01:05:10 PM
we need banks so we can buy our bitcoin but not to control bitcoin 
Definitely true and I really agree with you ,We need banks to buy and sell our coin ,
But I just hope that they won't get greedy and dream of controlling it.
July 14, 2017, 01:02:03 PM
You can't be sure if banks will be operated in the bank. But you can be pretty sure, that blockchain will compete with banking system. I think we will see some BTC Banks soon.
July 14, 2017, 12:18:31 PM
I am not sure, this is a very interesting thought, when bitcoin transactions only need a fast time and without the help of anyone, then why do we still need a bank? I think the current bitcoin system does not need to use a bank and should be.
July 14, 2017, 11:45:02 AM
Banks will be open to using blockchain as a technology but I do not think that they will use bitcoin at all. And bitcoin is a way to do away from third party in a transaction, if we let the banks in again as escrows, then it is no different on what is happening in fiat.
July 14, 2017, 11:36:36 AM
I'm sure it will be operated in the bank. The banking system will involve themselves more in bitcoin if they see a huge share of the market, they will incorporate themselves to get some bite. The bank will now be your local bitcoin wallet provider.
July 14, 2017, 11:32:08 AM
I think not, banks may use other alt as ripple that are centralized
July 14, 2017, 11:12:54 AM
if you track financial information, you must know that the bank in Switzerland announced accept btc in transactions and many other banks around the world have accepted btc
The reason that I want to hold bitcoin is because it has the decetralization which gives us some anonymity that will cover us from knowing our identity. Also, I can manage my own coins, which means I don't need any third people like banks that will hold my bitcoin.
July 14, 2017, 11:07:32 AM
if you track financial information, you must know that the bank in Switzerland announced accept btc in transactions and many other banks around the world have accepted btc
The reason that I want to hold bitcoin is because it has the decetralization which gives us some anonymity that will cover us from knowing our identity. Also, I can manage my own coins, which means I don't need any third people like banks that will hold my bitcoin.
I heard that some banks start to accept bitcoins, but i don't like this idea anyways, because when banks are control my bitcoins, I don't feel good, I feel my money is controled by someone else, not by me.
July 14, 2017, 11:00:37 AM
I think it will not happen because if bitcoin being operate by bank , bitcoin as decentralized currency paradigma will be vanish and bitcoin will turn into fiat which enable goverment to take the tax from bitcoin transaction
July 14, 2017, 10:54:20 AM
if you track financial information, you must know that the bank in Switzerland announced accept btc in transactions and many other banks around the world have accepted btc
The reason that I want to hold bitcoin is because it has the decetralization which gives us some anonymity that will cover us from knowing our identity. Also, I can manage my own coins, which means I don't need any third people like banks that will hold my bitcoin.
July 14, 2017, 10:47:06 AM
We already trusted our banks as an escrow, and look where that led us... What you're saying is impractical and would essentially be going back in time to what we had before Bitcoin.
I'm not exactly sure with that because when Bitcoin exist the banks are there and it has no care for Bitcoin. Banks accept only a real money but for bitcoin it has its own bank and maybe that our wallet that we are using to save our bitcoin. Bitcoin is different from a fiat currency that we can hold it by our hands while bitcoin does not. Bitcoin is only a term for its name. but we can't hold it. What we need to do is to convert it into fiat currency so that we can hold it now.
July 14, 2017, 10:31:36 AM
if you track financial information, you must know that the bank in Switzerland announced accept btc in transactions and many other banks around the world have accepted btc
July 14, 2017, 10:18:13 AM
What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.
Banks will surely adopt and operate the usage of bitcoin as far as the consumers and potetial investors demands is concern. We cannot deny the mere fact that bitcoin is now reaching its peak of popularity that will make it possible that bitcoin will attract more users that will lead to the mass usage of bitcoin. When that time comes, bank will adjust its operational services that will suit consumers needs and wants. Jump to: