Topic: If you believe banks will work with Bitcoin, you're delusional - page 6. (Read 4107 times)
Traditional banks may not adopt bitcoin but with time the whole banking system will also see a lots of changes and that is when banks may adopt bitcoin
The majority of the people here don't know what they are talking about as they just post crap to get paid for their signature campaign.
Some people even make an idiotic statement that Bitcoin will replace fiat, banks, governments, and the list goes on.
Bitcoin is a threat to their way of doing business, so in that regard they will do everything to push Bitcoin back into the shadows.
Some people even make an idiotic statement that Bitcoin will replace fiat, banks, governments, and the list goes on.
Bitcoin is a threat to their way of doing business, so in that regard they will do everything to push Bitcoin back into the shadows.
TL;DR; Coinbase
while i agree with what you say but at the same time i say if bitcoin becomes popular enough banks will eventually start opening bitcoin accounts for people who are interested but this account (wallet) will not be the traditional wallet (like core, blockchain.info,...) but instead it will be like Coinbase accounts.
it means you give up control over private keys and bitcoin and banks can do what they do with money with bitcoin.
in other words they do this:
"Banks hold your dollars in their bank accounts. They then turn around and leverage your dollars in their account by 10 times to issue loans to people where they get their main revenue. "
with bitcoin you are giving them
while i agree with what you say but at the same time i say if bitcoin becomes popular enough banks will eventually start opening bitcoin accounts for people who are interested but this account (wallet) will not be the traditional wallet (like core, blockchain.info,...) but instead it will be like Coinbase accounts.
it means you give up control over private keys and bitcoin and banks can do what they do with money with bitcoin.
in other words they do this:
"Banks hold your dollars in their bank accounts. They then turn around and leverage your dollars in their account by 10 times to issue loans to people where they get their main revenue. "
with bitcoin you are giving them
I totally agree with you on this.If Banks adopt bitcoin, it would be a suicidal attempt for them.Bitcoin and Banks are opposite to each other.Bank adopting bitcoin is like Google displaying Yahoo search results
I see this often "banks should start working with Bitcoin users since that's where things are headed, why not cooperate?".
If you think your bank is going to keep your bitcoins in some account then you can use your debit card to convert to dollars at the point of sale then you don't really understand the main revenue of banks.
Banks hold your dollars in their bank accounts. They then turn around and leverage your dollars in their account by 10 times to issue loans to people where they get their main revenue.
If people are holding their funds in bitcoins and only using banks as a transaction medium the bank is not making much money.
Don't expect banks to embrace Bitcoin. The reason they're all creating their own "blockchains" is so they can make it so that they can hold your funds and leverage it.
Every central bank warning about Bitcoin is another central bank realizing that they are going to lose if people start using Bitcoin.
If you think your bank is going to keep your bitcoins in some account then you can use your debit card to convert to dollars at the point of sale then you don't really understand the main revenue of banks.
Banks hold your dollars in their bank accounts. They then turn around and leverage your dollars in their account by 10 times to issue loans to people where they get their main revenue.
If people are holding their funds in bitcoins and only using banks as a transaction medium the bank is not making much money.
Don't expect banks to embrace Bitcoin. The reason they're all creating their own "blockchains" is so they can make it so that they can hold your funds and leverage it.
Every central bank warning about Bitcoin is another central bank realizing that they are going to lose if people start using Bitcoin.
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