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Topic: News From Switzerland - page 2. (Read 2438 times)

hero member
Activity: 490
Merit: 500
April 24, 2017, 11:56:09 PM
#45
Switzerland has always been a heaven for people having black money.Bitcoin is also psuedo anonymous and is used by big whales to invest their black money to escape from governments.I think that switzerland would have been the pioneer in adopting bitcoins.They are already late when compared to other countries.But definitely,it will help for more progress of bitcoin.
legendary
Activity: 2534
Merit: 1338
April 22, 2017, 09:22:25 PM
#44
as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.
But those that use bitcoin as a store of value are using bitcoin in a way similar to gold, what is the point of having a bunch of gold inside the safe of a bank where you cannot access it at will?, putting your bitcoin in a bitcoin bank does not make sense since it will be better to have your bitcoin in your wallet.
hero member
Activity: 1176
Merit: 501
April 21, 2017, 12:20:03 PM
#43
Surely many people would use a bitcoin bank but they would do it more by the habit than by something else. In fact bitcoin makes it possible for you to be your own bank and you don´t need to deposit your money into a bank. It can also facilitate payments, make them faster and be you who handles your money and not another entity. Surely the bitcoin bank would seek the way to attract users, probably through deposits with monthly interests for users or with similar products.
legendary
Activity: 1792
Merit: 1283
April 21, 2017, 09:23:13 AM
#42
as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.

And what is the point of the bank in this tale you're talking about?
0,nada, nothing

You lose all your anonymity when you deposit your bitcoins in the bank, you can safely store it's value in your own wallet, why would you store something of value with a 3rd party?

So you can lose it easier?
The benefit you get from using a bank is that it's regulated and possible to use for your businesses.
Also, wouldn't it be possible to have some sort of an insurance on those Bitcoins? That alone would be a very good reason for people to invest in Bitcoin via those banks.
hero member
Activity: 1008
Merit: 537
April 21, 2017, 08:51:43 AM
#41
Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/

And something big from China

http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/
Those people in Switzerland know something good when they see it, they know that bitcoin is going to be a very strong currency in the future and they are putting the seeds to create a bank for something that is becoming an international success.

This is the country where international politicians are been dump their all black money bank. Now it becomes much safer for them. If the move to put their money into bitcoin and the concern BTC address leaked. That's it. They will be locked easily.
I would expect the bitcoin bank should come to non-developed countries where the corruption is more. Sure bitcoin will you to avoid corruption.
member
Activity: 84
Merit: 10
April 21, 2017, 08:46:17 AM
#40
as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.

And what is the point of the bank in this tale you're talking about?
0,nada, nothing

You lose all your anonymity when you deposit your bitcoins in the bank, you can safely store it's value in your own wallet, why would you store something of value with a 3rd party?

So you can lose it easier?
Hahaha maybe you will lose your anonymity this way but for investors as well as speculators this is a positive sign since having a crypto currency bank I think will make bigger companies trust crypto currencies making them invest in it. It will add a great deal of demand in bitcoin as well as altcoins which means there will be more price movements and transaction volumes in the crypto world. If anonymity is what you want then just don't use crypto bank.
Why do you think that anonymity does not interest anyone. Can demand any cryptocurrency supported thanks to anonymity? Currency speculators don't want to be found.
hero member
Activity: 560
Merit: 500
April 21, 2017, 08:26:09 AM
#39
as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.

And what is the point of the bank in this tale you're talking about?
0,nada, nothing

You lose all your anonymity when you deposit your bitcoins in the bank, you can safely store it's value in your own wallet, why would you store something of value with a 3rd party?

So you can lose it easier?
Hahaha maybe you will lose your anonymity this way but for investors as well as speculators this is a positive sign since having a crypto currency bank I think will make bigger companies trust crypto currencies making them invest in it. It will add a great deal of demand in bitcoin as well as altcoins which means there will be more price movements and transaction volumes in the crypto world. If anonymity is what you want then just don't use crypto bank.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
April 21, 2017, 06:59:09 AM
#38
as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.

And what is the point of the bank in this tale you're talking about?
0,nada, nothing

You lose all your anonymity when you deposit your bitcoins in the bank, you can safely store it's value in your own wallet, why would you store something of value with a 3rd party?

So you can lose it easier?
member
Activity: 116
Merit: 10
Quack.
April 21, 2017, 12:05:41 AM
#37
will we be able to make secret accounts with bitcoin, like the people that want to hide dirty money always do in the movies?

then why not just use monero?
legendary
Activity: 1134
Merit: 1598
April 21, 2017, 12:02:03 AM
#36
as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.

While there are many (probably most) Bitcoin users that are using BTC especially for the anonymity, I guess there are some people using it as a store of value too. We've all seen how big Bitcoin went throughout these years..

The world is heading towards virtual stuff too anyways, so not a big surprise. No matter if it's BTC, PayPal or an online banking account.. the real, physical world of money will probably cease to exist pretty soon. It'll be replaced by the more-comfortable  virtual one. It's going to be just a number there, and that's it. For people using Bitcoin as a store of value, banks could be better.
legendary
Activity: 3472
Merit: 10611
April 20, 2017, 11:08:40 PM
#35
as long as i live, i will never understand what the enthusiasm for a "bitcoin bank" is all about. i mean i can get why we use banks, we all do and they are useful. but for bitcoin, it is meaningless in my opinion. bitcoin is there so that you don't need a bank! then people go ahead and look for a bank. if you want bank then use fiat why do you bother with bitcoin.
legendary
Activity: 2534
Merit: 1338
April 20, 2017, 08:03:08 PM
#34
Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/

And something big from China

http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/
Those people in Switzerland know something good when they see it, they know that bitcoin is going to be a very strong currency in the future and they are putting the seeds to create a bank for something that is becoming an international success.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
April 20, 2017, 10:13:37 AM
#33
Remember!
The bitcoins that are not in your personal wallet are not your bitcoins.

Well, I read that Bitcoin does not reside in our personal wallet,  the only thing we have in our wallet is the access key (private key) to that Bitcoin Address that holds our Bitcoin.  


tomato, tomato , potato

You wallet has a set of private keys when you and only you are in possession of those keys it means you're controlling all the bitcoins that are currently in those addresses.

If I would go your way you really don't have a wallet on your computer, you have a set of numbers that only read by an bitcoin client become private keys.



member
Activity: 98
Merit: 10
April 20, 2017, 10:11:57 AM
#32
Oh god!!!

Right now I see people cheering for a bank.
Really great!

In two years banks will be good, after a decade all the forum will agree that is better to leave the mining and all the nodes to the government because they are the ones who should do these things.

Remember!
The bitcoins that are not in your personal wallet are not your bitcoins.
I do not trust any banks and therefore it doesn't concern me, but the fact that the establishment of such a Bank is another step towards legalizing bitcoin is a good thing. To use the services of the Bank or not it already everyone decides for himself.
copper member
Activity: 1050
Merit: 500
April 20, 2017, 10:09:10 AM
#31
Remember!
The bitcoins that are not in your personal wallet are not your bitcoins.

Well, I read that Bitcoin does not reside in our personal wallet,  the only thing we have in our wallet is the access key (private key) to that Bitcoin Address that holds our Bitcoin.  



I also do not agree with Bitcoin Bank, it simply defeat the purpose of Bitcoin, and the reason why Bitcoin was created, to stay away from centralized form of governance and yet people are into this kind of system, funny isn't it?  Creating central authority within decentralized system, how ironic  Undecided
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
April 20, 2017, 09:45:48 AM
#30
Oh god!!!

Right now I see people cheering for a bank.
Really great!

In two years banks will be good, after a decade all the forum will agree that is better to leave the mining and all the nodes to the government because they are the ones who should do these things.

Remember!
The bitcoins that are not in your personal wallet are not your bitcoins.
sr. member
Activity: 882
Merit: 269
April 20, 2017, 08:40:56 AM
#29
will we be able to make secret accounts with bitcoin, like the people that want to hide dirty money always do in the movies?
The problem with bitcoinist is that their want bitcoin to be forever be anonymous or like secret account. If bitcoin or crytocurrencies ideal should be adopted worldwide then transactions must be transparent and all information about owner of bitcoin should be revealed to governments regulations bodies.
hero member
Activity: 1232
Merit: 683
Tontogether | Save Smart & Win Big
April 20, 2017, 08:20:49 AM
#28
Im very happy that some people really want to implement some cryptocurrency as a regular payment method, that is something we need to see all over the world now.
It may lead us to more and more countries accepting bitcoin, and maybe even more merchants will adopt it as another option to make a payment for their products.

I dont like anyway the idea that the Ticincoin will be available only in Ticino, that make it useless for the most of the cryptocurrency community.
On the other hand, I can understand that rule, because they don't want to see someone making speculations on this token, which might turn out as a better option for them.
sr. member
Activity: 434
Merit: 250
April 20, 2017, 08:06:22 AM
#27
The international governments are going to stop this from happening, a crypto currency bank Ian bad news for the economy and will be used for money laundering and a whole lots of other criminal enterprises, let's see how the game respond to this.
hero member
Activity: 994
Merit: 544
April 20, 2017, 07:48:04 AM
#26
Importent news from Swizerland,maybe you will say nothing at all,but first step to establish crypto bank has been done http://www.coindesk.com/bitcoin-xapo-swiss-finance-regulator/

And something big from China

http://www.coindesk.com/bitfury-to-expand-footprint-in-china-following-30-million-deal/

Let us not say that in advance not until that bitcoin bank has already been established. The articles stated that XAPO could not operate in other European countries does not mean that the next step is a cryptobank, it has no direct connection. Given the situation of cryptocurrencies today establishing a bitcoin bank or a cryptobank is very unrealistic but in the far future it could be possible.
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