Pages:
Author

Topic: How are you sure that Bitcoin will be operated in the bank in the future? - page 3. (Read 1787 times)

hero member
Activity: 2408
Merit: 584
I don't trust banks. They are also inflation do nothing else. I think that does not need any bitcoin Bank. For me, it is quite safe e-wallet to store coins. Earn coins better work. All interest on deposits offered by banks eventually inflation eats.
you are right here a lot of people are not interested in keep large amount of their saving in banks now because banks are not giving good profit now and people wants some output of their investment. Banks are not so much secure for the cash saving as well and always give slow profit so that’s the reason why everyone likes bitcoin now.
legendary
Activity: 1666
Merit: 1001
The Russian and Kazakh central banks are already engaged in the introduction of crypto-currency into financial systems. Over time, banks will operate on them.

Let me tell you what banks want to do with Crypto Currencies : They want a Coin which they can control centrally and access will be strictly

monitored and controlled by them. {As is being done with KYC/AML regulations now} All your tx's will be linked to your identity and eventually

their version on Bitcoin, will replace Fiat {cash} The supply will also be manipulated by them. This is coming ....be ready for it.  Wink
That is exactly what the bank and government wanted, they want to monitor every single movement of our transactions and they want to control the coin, I am sure government will try to regulate bitcoin, but when the government version of bitcoin being created there will be no one interested on it, the banking system and Bitcoin got an opposite system
member
Activity: 98
Merit: 10
In the future, maybe everyone will be their own bank...that is sort of the point of a decentralized protocol. Of course there will be some financial mediums still.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
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 blockchain will replace all the banks and their transaction serivces.
The blockchain is the new global financial system.We don`t need bankers anymore.They are parasites.
This is just my opinion.OP,your should change the title of your thread.
The question is a little bit confusing.
That's the only thing likely to happen and that is banks will have their own blockchain but unlike bitcoin's they will be centralized ones. Bitcoin is a decentralized digital currency and is independent of any bank and in fact bitcoin doesn't even require a bank for it's existence. It's just possible that you may see banks vanishing from the scene but bitcoin's being operated in the banks is far from happening.
sr. member
Activity: 329
Merit: 254
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.

If we see the present progress, many banks around the world have adopted the blockchain technology for data remittance but none has used it for issuing tokens or transacting Bitcoins.
In future, we could see banks offering investment in Bitcoins. They could create Bitcoin reserves and offer people returns. But again limited supply makes the utopia too good to be true. However, there are no chances that banks gonna use Bitcoins in their operations.

These are all may we see in future but ETH would be option for them due to rate of growth when compare with bitcoins. We are seeing ICO and other projects by Etherum based smart contracts.
Of course future will be run with the digital currency option only but corporates and people hating bitcoin will never let it run like that.
i do not think that they will keep any option, they are going to start with bitcoin only and if they become succeeded to manage then they can take another option but till that they do not need for any other option.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
The Russian and Kazakh central banks are already engaged in the introduction of crypto-currency into financial systems. Over time, banks will operate on them.

Let me tell you what banks want to do with Crypto Currencies : They want a Coin which they can control centrally and access will be strictly

monitored and controlled by them. {As is being done with KYC/AML regulations now} All your tx's will be linked to your identity and eventually

their version on Bitcoin, will replace Fiat {cash} The supply will also be manipulated by them. This is coming ....be ready for it.  Wink

The intention is to completely destroy decentralized Cryptocurrencies with their own centralized cryptocurrency. I have strong feeling the idea will fail especially if the intention is really to render decentralized Crypto useless.
sr. member
Activity: 882
Merit: 297
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.

If we see the present progress, many banks around the world have adopted the blockchain technology for data remittance but none has used it for issuing tokens or transacting Bitcoins.
In future, we could see banks offering investment in Bitcoins. They could create Bitcoin reserves and offer people returns. But again limited supply makes the utopia too good to be true. However, there are no chances that banks gonna use Bitcoins in their operations.

These are all may we see in future but ETH would be option for them due to rate of growth when compare with bitcoins. We are seeing ICO and other projects by Etherum based smart contracts.
Of course future will be run with the digital currency option only but corporates and people hating bitcoin will never let it run like that.

What ever the coin can make a development but it cannot touch the real technology of bitcoin which is following. other altcoin are operated by its developer and even if they are offering their platform for other developers to develop it. but still it is getting depended on that coin. But if the coin developer just leave the project then all will get scammed.
sr. member
Activity: 826
Merit: 263
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.

If we see the present progress, many banks around the world have adopted the blockchain technology for data remittance but none has used it for issuing tokens or transacting Bitcoins.
In future, we could see banks offering investment in Bitcoins. They could create Bitcoin reserves and offer people returns. But again limited supply makes the utopia too good to be true. However, there are no chances that banks gonna use Bitcoins in their operations.

These are all may we see in future but ETH would be option for them due to rate of growth when compare with bitcoins. We are seeing ICO and other projects by Etherum based smart contracts.
Of course future will be run with the digital currency option only but corporates and people hating bitcoin will never let it run like that.
legendary
Activity: 1918
Merit: 1759
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.

If we see the present progress, many banks around the world have adopted the blockchain technology for data remittance but none has used it for issuing tokens or transacting Bitcoins.
In future, we could see banks offering investment in Bitcoins. They could create Bitcoin reserves and offer people returns. But again limited supply makes the utopia too good to be true. However, there are no chances that banks gonna use Bitcoins in their operations.
hero member
Activity: 756
Merit: 505
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.

Because banks are still needed and they serve a particular and separate purpose than cryptocurrency! I don't get why people argue that banks should disappear because of cryptocurrency. Banks do two things. They accept peoples deposit and they lend those deposit to borrowers. Basically it distributes unused money. Banks are hipsters, they started the "sharing economy!"
sr. member
Activity: 663
Merit: 250
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.

We don't have the same way of looking at things bro. I respect your perspective though.

It is a bit too much to say that cryptocurrency is indispensable in this world. I think people learned to embrace it but not to the extent that we cannot go on living in this modern world without crypto.

And banks becoming escrow members? A big NO NO! That would be very hard to imagine.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
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.

what are you trying to say my friend, your post look confusing, with random words, bitcoin have nothing to do with bank, but bank can buy bitcoin and give you itnerest on deposit, i think this is a legit thing that can be real in the future, but not something that you need for bitcoin,w e can live without banks
sr. member
Activity: 336
Merit: 252
You're never sure really when it comes to this kind of business. But for a fact I know that bitcoin is ten times (probably more) safer than the mainstream banks. A couple years back a bank went bankrupt, my aunt was a member there, and she ended losing quite a bit from her savings. So even if bitcoin doesn't turn in what it was supposed to be it's still better than the mainstream banks.
hero member
Activity: 938
Merit: 559
Did you see that ludicrous display last night?
who said it won't? Smiley
if bitcoin becomes more adopted than this and the countries continue regulating it as they are right now, soon we will need the services that banks offer.
The service that a bank provides is the ability to access your physical cash as "digital money" - a number in a bank's database.  This is because earlier systems of digital money required an intermediary to be spent conveniently.

Bitcoin changes this.  That's basically the whole point of its existence.  You can have access to your coins as if it were cash, and have full sovereignty of funds.

It's suicidal to suggest going back to the days of banks.  If you want a loan, you would get it from a regulated loan company and most likely have to give your personal details to them.  That's okay, but your bank doesn't have to have full control over all of your possessions and money.

it just has not yet offered all the services a traditional bank offers. services such as loan, credit cards,...
Loans are how banks create money.  New money is introduced into the economy because banks make it up out of thin air to give it as loans.  Real loans would be giving out money which actually exists.

As for credit cards, they are just a means of encouraging people to go further into debt so that more debt-based money can be created and sustain the economy.
legendary
Activity: 1218
Merit: 1006
Bitcoin will never be accepted as way to deposit in any bank in near future because banks need to verify source of every bitcoin/money people will deposit  but bitcoin transactions can't be tracked down.

Although banks have already started developing blockchain based ledger system for their banking system which you can claim as influence of bitcoin's growth.
legendary
Activity: 1904
Merit: 1074
The Russian and Kazakh central banks are already engaged in the introduction of crypto-currency into financial systems. Over time, banks will operate on them.

Let me tell you what banks want to do with Crypto Currencies : They want a Coin which they can control centrally and access will be strictly

monitored and controlled by them. {As is being done with KYC/AML regulations now} All your tx's will be linked to your identity and eventually

their version on Bitcoin, will replace Fiat {cash} The supply will also be manipulated by them. This is coming ....be ready for it.  Wink
full member
Activity: 308
Merit: 101
I think that in the future, bitcoin will be used by banks in parallel with ordinary money, complementing them. Maybe they will do it even so that they can be used without the Internet.
I do not think future bitcoin will be active in the bank, because the bitcoin's freedom can not be allowed in the bank and I think bitcoin will never be able to operate in the bank.
legendary
Activity: 1073
Merit: 1000
But I don't think Bitcoin will be operated by banks in the future Huh

They will choose Ethereum or Ripple or something alike
sr. member
Activity: 2506
Merit: 368
It is possible, but if so, btc will definitely have to make changes and probably no longer the btc's current features are decentralized, anonymous, etc. But the user definitely does not like btc to be  concentrated in  a system.
Yes it could possibly happen soon but i don't know how the people would react to its sudden changes, specially if the unique characteristics of bitcoin is being change such as the anonymity of it. Bitcoin really need a lot of work to cope up the fast progressing technology in our society. I think it's not that bad to operate the bitcoins by bankers, i know some banks is accepting bitcoins.
member
Activity: 86
Merit: 10
The Russian and Kazakh central banks are already engaged in the introduction of crypto-currency into financial systems. Over time, banks will operate on them.
Pages:
Jump to: