Topic: So I told my banker about bitcoin - page 4. (Read 1561 times)
As for now, I do believe in the bankers idea of cash not going to die. Eevn with the new technologies still cash or money didn't loose its significance of usage. There are so many cryptocurrency as of now and none of these could claim that cash can be removed and be replaced by anyone of these. The real scenario was that people invested so much on cryptocurrency to earn cash or money, and so how can cash die if this is the whole intention? I could agree on the banker on these points, but who knows what cryptocurrency can do to change the whole monetary system? It is still a possibility but it would take some time. The reaction of the banker should at least prove that not all could easily use bitcoin and that they need more simplifying. Perhaps an easy interface that could lead any user to work on bitcoin transactions. This I think is a good way to attract more users.
some inter-world banks are still difficult to provide support for bitcoin or other cryptocurrency because they consider cryptocurrency such as bitcoin to be only a manipulation of prices and they cannot see the potential that lends to banks, but I am sure that in the future there will be a lot of support for using bitcoin.
I agree here with OP (or his bankers). People are want help with everything and they are prepared to pay for the help service. And I agree that atm opening wallet, sending transactions on blockchain etc. are too hard for mass adoption. But many exchanges are now trying to simplify these functions. Nash exchange and Blockport as an example. And if they implement customer support (even physical) they could example be the one to overcome traditional banks in this segment.
That has nothing to do with fiat though. I think fiat is here to stay. I can't say the same for the business banks though.
Discussing with the bank about bitcoin, of course will cause different perceptions, because banks as operators use fiat money while bitcoin is not physical because it is used digitally.That has nothing to do with fiat though. I think fiat is here to stay. I can't say the same for the business banks though.
From a different understanding, of course there must be a meeting point that does not lead to debate, that bitcoin does not use banking services because it is peer to peer and decentralized, making it cheaper, easier and safer.
your banker is right, fiat currency will not phase out. it will co-exist with cryptocurrency. Also the issue of people not being able to use cryptocurrency and blockchain technology will surely be resolved with time. Its a normal thing for people especially the aged group to complain whenever a new technology is introduced but after a while they get used to it too
I told also to m bank accountant that if they are ready now to accept cryptocurrency or the bank is having a movement to adopt blockchain!
though the answer is not good as she has no idea on what i am talking about!
but i douibt it and i dont believe it as i know they are the first person in the industry on it! though they are not able to speak with it!
though the answer is not good as she has no idea on what i am talking about!
but i douibt it and i dont believe it as i know they are the first person in the industry on it! though they are not able to speak with it!
I agree here with OP (or his bankers). People are want help with everything and they are prepared to pay for the help service. And I agree that atm opening wallet, sending transactions on blockchain etc. are too hard for mass adoption. But many exchanges are now trying to simplify these functions. Nash exchange and Blockport as an example. And if they implement customer support (even physical) they could example be the one to overcome traditional banks in this segment.
That has nothing to do with fiat though. I think fiat is here to stay. I can't say the same for the business banks though.
That has nothing to do with fiat though. I think fiat is here to stay. I can't say the same for the business banks though.
I think that banks are not so negative towards Bitcoin and cryptocurrencies like it was before. Banks are also interest in Bitcoin, to my opinion more and more, because they are aware this is another chance for their profit. Banks don't feel so threatened anymore and they are not fighting it. In fact some bigger banks are also interested for Bitcoin to be regulated and also to be integrated in their business and service for the clients.
Even it is before discussed that cryptocurrency and fiat currency are both different and both have their own value and usage. So i think merging both is not good. They both can exist in the market simultaneously. Like Gold is used as investment and fiat for daily use.So i think leave the thought of replacing cryptocurrency with fiat currency because it cannot be happen sooner or later.
My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.
The transition from currency as we know it today to cryptocurrency is long and bumpy.
The most important step is to just keep using it and pushing companies to adapt. Furthermore, just learning about blockchain technology will help people understanding how value can be created in so many ways.
when people says bitcoin is difficult to use, I always look them as someone who doesnt want to do anything by themselves. As much as you are educated, you do not even need anybody to tell you how to use bitcoin because it is very simple. nobody teach me anything on using bitcoin before i started using it. On the other ones, it is true that there are some set of people who are very far to catching up with the technology. despite bank introducing cashless policy, there are still many customers that cannot make transaction on their bank app
Some few years to come, the banks will have no option than to integrate cryptocurrency into their services despite the decentralized nature f cryptocurrencies. With the fast emerging adoption of cryptocurrency, people will move to crypto because they prefer more conveniency, security, and transparency in transaction. It has already began with projects like the HubrisOne merging traditional banking system and cryptocurrency.
Fiat and crypto can go alongside. We've been used to do traditional way of transaction, but little did we know that we could get higher level of transferring funds from one peer to another. I believe that when people realized that it is even better to be from third trusted party it would be more convenient and economical. Direct transaction is promoted by crypto and this is what People really need, they just don't know about it.
Using banking services is an ordinary procedure, but using bitcoin is a new thing that requires a change of mindset that requires time.Bitcoin makes it easy because transactions occur directly, making it faster, more efficient and safer. Maybe one day the bank will find a more practical system, but now the costs through banks are indeed more expensive.
Well it's unbelievable that a banker at this point in time don't yet know about bitcoin and it's vast possibilities majority of cryptocurrency enthusiast from where I come from comprises of bankers
Even in my country one of the my banker friend still don't know about cryptocurrency. I think he is not feel interest to learn about it.Actually bank is not accepted here that's why most of the bankers and business holder leak of knowledge regarding Bitcoin.
its good to see that your banker knows about bitcoin and blockchain but don't have any impression cause he will not have any customer to use cause it is so difficult use .However bitcoin is never so heard what we think its also so easy to open a wallet and exchange too .You said people who don't knows how to use smartphone ,how they can use it .I wanna say he has no idea about bank nevertheless he just using it so that it's actually tough to them who don't wanna use it an think it so difficult .We are here to make the world faster to know about bitcoin and blockchain .Hope one day bitcoin will be most popular than bank.
My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.
Yeah - You just wait until this new generation of snowflakes come to age. Their Smartphone skills will revolutionize how internet and phones work together.
I mean seriously - these kids these days operate a dozen social media accounts, 100 aps, while texting 3 group chats and face-timing grandma all at the same time...
I assure you - This new "Shit" generation is exactly what Bitcoin needs to jump into mainstream use.
It's not grandma we want - It's these damn kids to grow up, get jobs, and invest into new tech.
Fiat and crypto can go alongside. We've been used to do traditional way of transaction, but little did we know that we could get higher level of transferring funds from one peer to another. I believe that when people realized that it is even better to be from third trusted party it would be more convenient and economical. Direct transaction is promoted by crypto and this is what People really need, they just don't know about it.
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My boss is a banker and he's a trader too though he's doing it secretly because he might get fire if the bank finds out.
That will be okay if he decides to get involved in the cryptocurrency by secretly. He doesn't have to tells other people about crypto, and it's better he collects as much money as he can from cryptocurrency, and when the crypto can become more popular, then that is his time to tells to his friends about cryptocurrency. I am sure that there are people that do what your bankers did while they are working on the government and afraid to get fired from his jobs.
Regular bank employees i'm sure wouldn't mind dealing in crypto. It's even likely that they understand more about it than most new investors. Though yeah i don't think banks would allow anything crypto related onsite.
That's right. As long as they can get more money from another source, they will happy to do that. I am sure that some regular bank employees are aware of cryptocurrency and decide to join in crypto because they know much things about the finance and they can think and open mind with something new related with technology.
My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.
Go back and tell your banker that in 2 to 3 years, the number of the young people trooping in to the banking halls simply to open a bank account will greatly diminish. Bitcoin and cryptocurrency are gradually gaining attention worldwide, and soon the smartphones may start creating inbuilt apps to directly support blockchain wallets.
It is partially true that not many people use Technology up to their fullest, but I am not saying virtual currencies will take over the physical currencies tomorrow. But I am saying it will take some time but that will happen to imagine our next generation that means our children's are going to be tech savvy and nobody can deny that because we can already see how they react to the technology they cannot live without Technology so it is clear that they will face the real problem with the money and Bitcoin difference. At that point, banks will face problems and still, it will take like 200 to 300 years for the banking system to an extent.
Everyone see what suits them most.
You're banker is super wrong. For example in Poland there is a coalition of banks using DLT on already working system for instant payments - called BLIK. It's already working in most shops where you just press one button you gen 6 digit code, than cashier puts it in on their POS and you jest click again to accept payment.
You're banker is super wrong. For example in Poland there is a coalition of banks using DLT on already working system for instant payments - called BLIK. It's already working in most shops where you just press one button you gen 6 digit code, than cashier puts it in on their POS and you jest click again to accept payment.
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