[POLL] Would you open a Bitcoin account at your local bank? - page 7.

Jeremycoin

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Quote from: RealEstCoin on November 07, 2016, 06:59:53 PM

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

Take away from anonymity, is it even possible to do? If it is, then isn't it mean that the customer doesn't have to give any personal data for the Bank? So will it be possible to do?
Even tho if it actually could happen, then it won't be suitable for Bitcoin, because Bitcoin supposed to be decentralized. And with this Bank, it will just mess up the entire purpose of it.

clickerz

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Quote from: electronicash on November 08, 2016, 08:42:14 AM

Quote from: RealEstCoin on November 07, 2016, 06:59:53 PM

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

So the bank will hold your BTC? Its a scary situation.
you'd rather keep it on your hard wallet after all if bitcoin's value grow, its all yours. Banks can't see it and wouldn't have to be so nosey about documents.

I agree,in your hard wallet you can do what you want,transfer anywhere etc. I mean you have a freedom with your bitcoin without thinking any compromised. I know many will opposed it.

electronicash

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Quote from: RealEstCoin on November 07, 2016, 06:59:53 PM

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

So the bank will hold your BTC? Its a scary situation.
you'd rather keep it on your hard wallet after all if bitcoin's value grow, its all yours. Banks can't see it and wouldn't have to be so nosey about documents.

BitHodler

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Quote from: RealEstCoin on November 07, 2016, 06:59:53 PM

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

Definitely a no for me. I don't care whatever entity is offering a way to store my coins with a certain reward as return, I will at all times avoid it.

I am in Bitcoin because I like the feature that it offers me to keep my money outside the banking and governmental system.

But I am sure that there will be plenty of noobs willing to open such an account at a bank just for the reason that it generates them a certain interest rate.

ABCbits

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100% NO, in fact i think this is very dumb idea and exact opposite of bitcoin.
Also, according to my vote (https://bitcointalksearch.org/topic/do-you-agree-with-idea-bitcoin-bank-1652815), 64.5% of bitcoiner in here also disagree with it.

Personally, i think people who agree with this kind of idea must be don't care about bitcoin, only seek profit or just hate bitcoin.

stomachgrowls

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Quote from: ABCbits on November 08, 2016, 07:44:05 AM

100% NO, in fact i think this is very dumb idea and exact opposite of bitcoin.
Also, according to my vote (https://bitcointalksearch.org/topic/do-you-agree-with-idea-bitcoin-bank-1652815), 64.5% of bitcoiner in here also disagree with it.

Personally, i think people who agree with this kind of idea must be don't care about bitcoin, only seek profit or just hate bitcoin.

The poll results would be definitely expected and majority will choose no because we love bitcoins the way it is as of now therefore if its being putted to a bank it means anonymity feature would be gone and its already being controlled by government which means they can already impose tax on you. I love bitcoin as of now and that cant be change because bitcoin is decentralized and no one could able to control it.

hasiramasenju

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Quote from: RealEstCoin on November 07, 2016, 06:59:53 PM

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

banks will not accepting bitcoin because they do not have fully control for bitcoin funds and this things has been a lot of debate in this forum or out there but if banks accepting bitcoin doesn't mean will good too for bitcoiners because one of the main reason i choose bitcoin rather than bank is anonymity so i won't let banks took it from me that's why i would not open bitcoin account through bank even banks will offering those feature but i won't interested to do so

Oilacris

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I would really say NO and most people voted the same option. Having a bitcoin account on your local bank is just useless though and would really takes time to be implemented by the government hence if they decide to adopt bitcoin on the form of banks you are no longer free regarding on your bitcoins because for sure you would imposed with taxes especially if you do hold huge amounts of bitcoin. Whats the purpose of wallets out there? People would definitely choose up those traditional ways because they love to have full control on their money.

isen

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There are so many threads about "Bitcoin banks" lately, I can't understand why people are so obsessed with them.
Anyway, I answered no, I don't need a bank account and one of the many reasons that I use Bitcoin is that I dislike them a lot they have nothing to offer but limitations and trouble, I really hope one day we'll totally get rid of them.

romero121

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Even without the support of banking already users have got the chance to use bitcoin as a form of investment, currency and for various transaction needs. As wallet continue to act as one's own wallet there is no need of creating a bitcoin account through other networks.

Wandering Soul~

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Wolf

Also no for me, cause it will become centralized and I will compromise again to the banks rules and regulations. If btc account in banks actually happened , I will not be surprised if every transactions has a fee or there will be some monthly fee or something just like in some bitcoin debit cards.

I can just buy a cheap laptop for the sole purpose of storing my bitcoins and I will have a full control of my coins

Juggy777

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Definitely would love to. This would be a very good idea. I would prefer having Bitcoin with my banks and also have them issue me, a Bitcoin atm so could use it anywhere and everywhere. Secondly it would help me be less worried about the security as it will be the banks headache. Though it's way long before we it really comes but then never say never, times are changing so let's hope this becomes a reality soon.

SamMurphy

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Bitcoin unionhead who's neglecting fiat :)

No, I wouldn't because they have limits that you can't get over them ( you have to say and prove from where and from whom did you get the money if your account has $5.000 and your salary is $700 per month). You can't be sure for your money because in many countries there are capital controls. Also you are not anonymous, that's very important to me.

TastyChillySauce00

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as far as i know,people are trying to get away from banks by using bitcoin,and always being proud of its decentralized system,and as main post stated by OP and if that really does happen in the future,then why we use bitcoin if the purpose of using it is to get away from banks?

even though if does allow you to open a bitcoin account it will make people easier to buy bitcoin or exchanging it

davis196

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Quote from: RealEstCoin on November 07, 2016, 06:59:53 PM

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

No,i wouldn`t open a btc account in a bank.I don`t need such service.

Bitcoin debit and credit cards?There aren`t many merchants who accept bitcoin as a payment method so

btc debit and credit cards will be useless.

bitjoin

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Yes maybe for a small amount. It depends on the details and what kind of economy do we live in when the banks are doing this. Do we still have same gov insurances in place etc?

avatar_kiyoshi

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Quote from: RealEstCoin on November 07, 2016, 06:59:53 PM

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

Bank will make it can be a centralized whatever the ways is, can be sabotage and just can be a more profit for government. And I prefer to say no, because I have my own bank, so i need to keep my bank secure from any malicious/suspicious things.

Woodie

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depending on what roll the bank will be playing i would not mind tryingg this out because the bank would be liale in case funds are hacked Grin

Harlot

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Well its a lot to think about. But I would say that there is no need for a Bank to be open anout Bitcoin as Its out of their profession. And also some wallets also use banks as a way in which you convert your Bitcoin to Fiat, with that mode of payment it is enough for me to trust Bitcoin as a proper currency in which a Fiat Currency can be exchange. Banks are not open to Volatile investments such as Bitcoin.

Kakmakr

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The strange thing about people, saying NO about this is, most of these people are already using some sort of service that function like a bank. < They are centralized, and they charge additional fees and they are not secure > The people are so used to relying on third party services like banks, that they transition to similar services, without thinking about the consequences. < Losing control over their private keys & giving up anonymity and sacrificing their security >

Say, NO and then stay away from these third party services. Run your own node and store your own coins in cold storage. ^smile^

Topic: [POLL] Would you open a Bitcoin account at your local bank? - page 7. (Read 5246 times)