[POLL] Would you open a Bitcoin account at your local bank? - page 8.

madwica

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Quote from: jossiel on November 07, 2016, 07:55:55 PM

Quote from: RealEstCoin on November 07, 2016, 05:59:53 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?

I am thinking to consider that if I will open an account to them. I think I will open if the same way of open with online wallet.

And it is for free only, but if they will charge me even just $1 I won't open, because that is the start of their crazy charging and hidden fees to us.

But with their loans, I guess I will avail it.

For me i don't because bank will limit the interest of your bitcoin saving much better to put your money in your wallet if the bitcoin price will increase the profit you gain was high than bitcoin in the bank. That was i am thinking.

jossiel

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Quote from: RealEstCoin on November 07, 2016, 05:59:53 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?

I am thinking to consider that if I will open an account to them. I think I will open if the same way of open with online wallet.

And it is for free only, but if they will charge me even just $1 I won't open, because that is the start of their crazy charging and hidden fees to us.

But with their loans, I guess I will avail it.

sunsilk

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No! I won't open a bank account for my bitcoins to a local bank. They will just simply eat all my balance because they are greedy.

I have experience with them with my fiat money and even though I am not transacting with them, but it seems that they are charging with any reason.

So, it is really a no for me.

Doamader

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Sometimes i do exchange my bitcoins into local fiat, soo maybe i could deposit a part from my bitcoins, but i dont like the fact to someone has plenty control over my coins, when i were and i am free to make anything i do wanna with them anytime.

calkob

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Fractinol reserve banking is why the world is in the shit it is, if banks could lend bitcoin they would probably lend it fractionally. also read up about how we should all run nodes, because if the banks run the majority of nodes they can eventually change the rules.....

jacktheking

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I will move my Bitcoin to my bank only if the bank offer interest (even as small as 0.02% monthly) and I have a large amount of Bitcoin. The first one depends on the bank. As for the second one, it will probably takes me a few years to accumulate that enough Bitcoin to put into my 'Bitcoin Bank' account. So hopefully, a bank will be opened for the crypto community in the next few years with of course good security.

* I use Bitcoin not because of anonymity - or hiding from bank. I just use it because it is a new technology and my only online payment method. :p.

machinek20

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No i will never open an account, the reason i used bitcoin is because i want to get free from banking system, to have a currency freedom, i prefer to keep my coin in my wallet where i have the full access to it and i dont need to scared someday the government suddenly check the bank account

bhadz

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Quote from: RealEstCoin on November 07, 2016, 05:59:53 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?

Even though I trust banks services and their good tellers and managers but still I won't open a bitcoin account with their jurisdiction. Because every single move or registration that you will make to them there is already a payment for each of it. Unlike if you will just open an account through an online wallet, its totally free.

RealEstCoin

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Quote from: InvoKing on November 07, 2016, 06:31:54 PM

Quote from: RealEstCoin on November 07, 2016, 05:59:53 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?

I may use it to put a part from my bitcoin but what I have in mind is what is the difference between it and xapo or coinbase as mentioned above? If it offers a great advantage it might be useful otherwise I don't see a solid reason to hold my money there

One difference is that financial institutions offer money market accounts and consumer loans.

Skarner21

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Massive price drop coming...

Well my local bitcoin wallet is connected in my bank account so that i can withdraw and deposit easily but i can also use local exchange without bank account but the good benefits its more safe to connect it to my local bitcoin wallet to withdraw fast than without bank connected..

InvoKing

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Quote from: RealEstCoin on November 07, 2016, 05:59:53 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?

I may use it to put a part from my bitcoin but what I have in mind is what is the difference between it and xapo or coinbase as mentioned above? If it offers a great advantage it might be useful otherwise I don't see a solid reason to hold my money there

Shady

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Life is a game, you either play it or get played.

I'd personally rather use a web service such as Xapo... In truth this type of service already exists and provides the same function.

Without a doubt there are many other providers popping up, it holds true to what you were expecting.

If Bitcoin could be used in a better way to connect with banks or have real differentiating value I'd choose one over web utilities.

LTU_btc

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I think I wouldn't bitcoin account at local bank if they would offer it. I use bitcoins because I don't want to be controlled by bank, declare my bitcoin funds, pay taxes for it. Bitcoin in banks is something against idea of bitcoin. And I hardly can imagine that one of banks would offer this type of accounts.

jerowacik

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Quote from: RealEstCoin on November 07, 2016, 05:59:53 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?

if the services were available then I would use. with the incorporation of such services then we can get the ease and security. something that may be one indicator of the best service ever.

asriloni

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I say no, this would be difficult for me although the chartered bank is providing a bitcoin account service, and this is so risky for me to trust them, I would wanna for using an ordinary account for my storage because in fact actually we just need a common account for withdrawing our money for the fiat, it's nonsenses for me the purpose of using bank account if you can withdraw your bitcoin anytime. If trying for running for full nodes, you might think again for using the offered nodes.

RealEstCoin

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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?

Topic: [POLL] Would you open a Bitcoin account at your local bank? - page 8. (Read 5286 times)