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Bitcoin => Bitcoin Discussion => Topic started by: bubblebit on July 17, 2017, 07:43:57 AM



Title: Banks and Bitcoins: Is it possible in th future?
Post by: bubblebit on July 17, 2017, 07:43:57 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: jorneyflair on July 17, 2017, 08:37:58 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

Sure this might be possible sometime in the future, but right now banks are against bitcoin since they are centralized while Bitcoin is decentralized, meaning that they aren't controlled by anything. Localbitcoins kinda allows you to do this, but it isn't a bank. You can easily sell Bitcoin for bank transfer/PayPal but the banks aren't involved with that process. It would be nice to see a bitcoin bank, where you can buy/sell alt coins and bitcoin.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: talkbitcoin on July 17, 2017, 09:22:21 AM
why not. banks are just service providers that are taking our money to pay it back to us :D
it can simply be possible in the future. bitcoin first needs to be accepted by more people then be considered a viable option for banks to adopt it and start offering their services on it, like opening up accounts, giving loans, ...

this being good or bad is hard to say in my opinion. bitcoin is not supposed to be used like this. bitcoin was created so that we no longer need banks, so that we can do what banks are supposed to do.
but as we can see things like Xapo, Coinbase, Debit cards for bitcoin,... exist and people want them!


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: LeGaulois on July 17, 2017, 10:00:29 AM
The profitability won't make it adopted by banks. Otherwise, banks shall stop to sell most of their products (life insurance, etc) as it is not so profitable, or some products possibly using money from new investors to pay the older...
The profitability is not supposed to be the ideology behind bitcoin, sadly people prefer to debate about profitability instead to talk about the different use case, etc


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Vixmore on July 17, 2017, 11:22:47 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

I would say that can be a good thing, however the only problem I see with adopting Bitcoins with banks (to have Bitcoin Banks) is that then we start to loose the decentralized nature that bitcoin is built upon. Then, if that was the case, we would be able to see bitcoin turn into any other currency that can be accessed today. If it does reach that point, I would have to day that that is a bad thing for us bitcoiners and bitcoin itself.

why not. banks are just service providers that are taking our money to pay it back to us :D
it can simply be possible in the future. bitcoin first needs to be accepted by more people then be considered a viable option for banks to adopt it and start offering their services on it, like opening up accounts, giving loans, ...

this being good or bad is hard to say in my opinion. bitcoin is not supposed to be used like this. bitcoin was created so that we no longer need banks, so that we can do what banks are supposed to do.
but as we can see things like Xapo, Coinbase, Debit cards for bitcoin,... exist and people want them!

xD, you can take Greece for example..... They wont pay you back what you earned and placed in your bank account. This is what makes bitcoin great and popular as it is: the fact that you are solely responsible for your funds and no-one can touch it but you - while staying anonymous.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: gueorguiev on July 17, 2017, 11:33:24 AM
The very essence of Bitcoin is to put control of your money into your hands, you are your own bank. To suggest Bitcoin and banks is to throw that all away, they would have control of your coins, and they could track all your purchases which kills the anonymity of Bitcoin.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: MeridianMDN on July 17, 2017, 11:43:29 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

This is an interesting concept.

For some reason though, I doubt that the people who participate in the Bitcoin market would feel it necessary to submit their bitcoins to a bank for safe storage. I may be wrong though - but this idea doesn't seem to mesh well with the ideologies of those that are in this market.

But, who knows. Stranger things have happened.

We could witness the emergence of a new variant of bank; perhaps one that is decentralised, autonomous and governed by a system similar to a smart contract - to ensure fair play across the board. This idea might be more enticing. If ever a thing like this were to be established, I'd probably be the first to sign up :D

Overall, safe keeping of assets IS an issue! ...And it's an issue that WILL be solved in the future. It's just the when, why and how isn't clear right now, which is why there is still this legacy (almost primitive) idea that still exists of storing bitcoins away in a bank vault somewhere, much like we have been doing with fiat for hundreds of years



Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: minhquang3869 on July 17, 2017, 11:45:19 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
I do not think that in the future there will be banks for bitcoin because bitcoin's free trade will not be suitable for any bank, there will be bitcoin banks very hard to happen.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: hilariousetc on July 17, 2017, 11:47:15 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

Well it would be good for mainstream acceptance and confidence from the general public but why would you want or need to use a bank with bitcoin? Bitcoin is meant to be its own bank so you don't need to trust a third party with your money.

You can already use certain services to deposit your coins with as well like wirex etc that act like Banks and use a debit card to spend or withdraw the funds directly but I think it will be a long time if ever before high street Banks offer this sort of service,  but again,  I'm not sure why you would want to trust them with your coins.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Adbitco on July 17, 2017, 11:57:01 AM
I don't see a possibility of any such thing happening in the near future. Bitcoin doesn't need any bank but banks might be but again that's not possible because every bank has it's own rules and regulations and not all of them can be applied to bitcoin. Banks work under federal or central banks which formulate policies and rules and regulations for the proper functioning of all these banks while bitcoin doesn't allow or bound to follow the rules and regulations laid down by the central banks so I don't think it's possible in the near future.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: btcdiggingmaster on July 17, 2017, 11:57:52 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
I do not think that in the future there will be banks for bitcoin because bitcoin's free trade will not be suitable for any bank, there will be bitcoin banks very hard to happen.

Once a country is legalizing means already banks are holding some Bitcoin for buying and selling possible. I think in future both banks and Bitcoin will become one party and sell them to the customers who need Bitcoin.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: iqlimasyadiqa on July 17, 2017, 12:06:01 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
Bitcoin and banks certainly have different systems today. Except when banks adopt blockhain technology then it can all happen. Bitcoin requires and works on a very secure blockchain system. So I guess if bitcoins and banks want to work together then they should use blockchain as a centralized system for both.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Wesimon on July 17, 2017, 12:41:28 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

This is possible to happen in the future ofcourse. Based on how bitcoin is doing right now. Many have given their support to bitcoin and even some countries have leagalized it. If this happens, banks will use bitcoin to earn profit from our own bitcoin. Ofcourse they will have fees for every transaction you will make, somehow it will help the economic growth a little.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: niisarearning on July 17, 2017, 12:47:02 PM
I dont really agree with deposit bitcoin win bank because it is rejecting actual purpose of bitcoin. as bitcoin eliminates all the procedures involved in bank to send or transfer money . If again depositing in bank and bitcoin will lose its value based on my opinion.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Mahanton on July 17, 2017, 12:56:09 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
No it wont be possible thinking off that both things are on different paths which we can able to say that they do have different features. A centralized one and a decentralized one which means combining them wont really be possible and government wont really back this up since bitcoin cant be taxed and cant be controlled. Fusing these two things would be somehow useless because bitcoin users would rather choose up on holding their own bitcoin than putting it into banks.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: stompix on July 17, 2017, 01:02:37 PM
The profitability won't make it adopted by banks. Otherwise banks shall stop to sell most of their products (life insurance,etc) as it is not so profitable, or some producs possibly using money from new investors to pay the older...
The profitability is not supposed to be the ideology behing bitcoin, sadly people prefer to debate about profitability instead to talk about the different use case, ect

Why would bank stop selling life insurance because of bitcoin?
I have a life insurance and I'm not going to renounce it cause...what?

Would they also stop giving loans? That is hilarious.
So in a bitcoin economy you will not see loans, insurance, treasury bonds....
Yeah right


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: bubblebit on July 17, 2017, 01:29:40 PM
Thanks bitcoiners for your inputs and opinions.
You all have valid points and it shows your experience in life.
In an opinion, we dont have right or wrong answer. It is us who believe in it, might happen or not.
Let see what the future of bitcoins may bring. I hope one thing be certain, we remain at still be part of it.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: diego10 on July 17, 2017, 02:07:17 PM
It may be possible. Banks will be based on Bitcoin technology to do transactions and for any other banking services. Still, banks are analyzing with the crypto currency technology to accept it. But, it will take the time to process.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Kprawn on July 17, 2017, 03:29:13 PM
Why do we need banks to exchange bitcoins? It was designed in a way to bypass all third parties and to have a alternative P2P payment network.

Bob can pay Bill without any intermediaries.  ;) Banks and third party services will just add a bunch of extra fees and this will make Bitcoin use

more expensive. Just look what happened with wallet providers when the MemPool was full... they charged high fees and when the MemPool was

empty, they still charged high fees for no reason but to exploit people and to increase their profits.  :(


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Phyton76 on July 17, 2017, 03:32:34 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
No need of banks if bitcoin was already popular because it will be a great way to buy thing if you can use bitcoin to buy thing in any store you will not need anycash that means you dont need it if everything was high tech in bitcoin your wallet or bitcoin wallets was already a bank.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: ivrynx on July 17, 2017, 03:36:12 PM
it is possible, but i think if banks will also offer bitcoins, they would require for it to be centralized, and they will add fees and taxes every transactions. it is a possibility that will take much time and hopefully everyone will use bitcoin so it will become a global currency so we no longer need foreign exchanges, whenecer we travel outside oir country.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Iranus on July 17, 2017, 03:40:37 PM
The point of a bank is convenience.

Originally, Bob would deposit 1 ounce of gold or whatever into the bank, because Bob finds it difficult to carry that gold around with him when buying the goods.  In exchange for that gold, Bob receives a paper note which the public knows represents one ounce of gold, which Bob can then spend or redeem for his physical gold at will.

In the modern system, you deposit your cash notes and receive digital money.  Banks also create digital money when they give loans, and it disappears when loans are paid back.

Bitcoin already is digital money, and because of the blockchain, banks are not needed to provide that convenience.  Bitcoin already has it.

So Bitcoin is a replacement to the banking system, and therefore Bitcoin doesn't have to be used in banks.

Anyway I'd better vanish from this topic, because it's rapidly becoming a spamfest.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: AK47- on July 17, 2017, 03:41:41 PM
Recently there was a news that a bank in Switzerland is going to start accepting Bitcoin. This is the first in the league. Lets see what are the outcomes because this will lay foundation for other banks into accepting bitcoin. Bitcoin have become an important in financial system. Banks cannot ignore it. There was another news from South Korea that government has permitted Bitcoin firms for international money transfer and thus enabling transaction faster and with less fees. This has created problem for banks there because they used to charge more fees. There are all sorts of news from various corners of the world. So, it is hard to predict what will be the collective step of the banks as every country sees bitcoin differently.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: wallstone on July 17, 2017, 03:47:34 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
I think bitcoin will accept in bank as a deposit of their client and it will help them to gain more funds. In addition to that, I think it is a good idea because you can totally sure that your bitcoin is safe and secure, and then no one will try to stealth it. Lastly, I hope all banks in the world will allow bitcoin and even government will legalize the bitcoin and I think by using bitcoin it will help your economy to grow up.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: coynedterm on July 17, 2017, 04:00:34 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
I think this is possible but I don't think that it would be better for all the bitcoiners .
Here in the Bitcoin many people are making the money through trading ( buy at small less and sell at small High price ) .
But if the Bitcoin and bank will join each other then many of the Bitcoin only trader will loss Thier job of trading and then
They needed to leave the Bitcoin by half , and also banking sector will be make the price of the Bitcoin according to their stock
, Regardless of the rate in international level .
So here it is more better as uch as possible we can use it between person to person . Otherwise price will be introduce in the banking sector for the Bitcoin and may be not profitable for everyone .


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: YOYOY on July 17, 2017, 04:11:12 PM
If that is possible that would be awesome but for me it is not happening because first and foremost they are all alike and one of them are like boon and bane, they don't cooperate with each other but there are some banks that do but I think they are not involve in bitcoin trading. And also if that will happen then there's nothing to worry about regarding if you trade at poloniex for example then withdraw directly to your bank account and that would be nice to see.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: adzino on July 17, 2017, 04:44:01 PM
Bank = centralized.
Bitcoin = decentralized.
Deposit your bitcoins in bank and you lose control over your money whereas the bank will have full control of your coins and maybe deny access to it anytime they wish, meaning your bitcoin being  no more decentralized. Might happen in future, but the question is how many people will opt in?


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Gameroid on July 17, 2017, 04:56:31 PM
If that is possible that would be awesome but for me it is not happening because first and foremost they are all alike and one of them are like boon and bane, they don't cooperate with each other but there are some banks that do but I think they are not involve in bitcoin trading. And also if that will happen then there's nothing to worry about regarding if you trade at poloniex for example then withdraw directly to your bank account and that would be nice to see.
to me i think it is possible but it will take a little more time. it will only be possible when the number of bitcoin users will increase too much. and when governments will declare bitcoin as legal currency then we can expect that it will become possible that banks will start accepting bitcoin. but i think while going to accept bitcoin as legal currency they will surely do special arrangement for that and may be they create their own wallet for depositing bitcoin in banks.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: fullypak on July 17, 2017, 05:42:01 PM
Bank = centralized.
Bitcoin = decentralized.
Deposit your bitcoins in bank and you lose control over your money whereas the bank will have full control of your coins and maybe deny access to it anytime they wish, meaning your bitcoin being  no more decentralized. Might happen in future, but the question is how many people will opt in?
Yes we will ultimately lose our control in our Bitcoin transaction. Now everything in our hands we can change how ever we want to like that. But once the bank enters in this matter there is no hold on our bitcoins. Everything will go under bank management. And they will start to collect tax from us for our transaction. Is this what we are expecting from bitcoin bank?


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: stompix on July 17, 2017, 05:49:30 PM
Bank = centralized.
Bitcoin = decentralized.
Deposit your bitcoins in bank and you lose control over your money whereas the bank will have full control of your coins and maybe deny access to it anytime they wish, meaning your bitcoin being  no more decentralized. Might happen in future, but the question is how many people will opt in?

Take a look how many use online wallets.
How many use 3rd party not open source wallets on thier laptops or phones.
How many are leaving funds on exchanges.

Probably more than 80% of users.

Who will use banks? At least half of them



Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: megynacuna on July 17, 2017, 06:59:25 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

It's defeats the purpose of decentralization completely because Bitcoin was made to bring financial freedom by preventing any form of central control and so having the banks keeping them so we go to them to withdraw is completely defeating the purpose for which it was made.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: cramcram21 on July 17, 2017, 07:04:36 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
There are some local wallets that let's you use bank's for withdrawing your bitcoin and also you could use it for depositing some,
Here in the Philippines our famous bitcoin wallet is coins.ph that allows as to withdraw or transfer our bitcoin to our bank accounts.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: BingoDog on July 17, 2017, 07:06:33 PM
I beleive this is a very close future. Banks have already shown their interest for bitcoin and some are activley ecperimenting with it. They are looking for their own interest and profit and they will be ready to offer to the clients Bitcoin services at the moment they find it profitable and with risk they can take.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Zenithar on July 17, 2017, 07:10:52 PM
I beleive this is a very close future. Banks have already shown their interest for bitcoin and some are activley ecperimenting with it. They are looking for their own interest and profit and they will be ready to offer to the clients Bitcoin services at the moment they find it profitable and with risk they can take.
yes that is possible, but i think it is time consuming because even in some countries people still do not have any idea about bitcoin, not more than 1 percent people are using bitcoin. i am sure that if the number of bitcoin users will increase then government will also start thinking about bitcoin to legalize it and therefore we can expect that banks will also start accepting bitcoin for depositing and withdrawal.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: moviebuff777 on July 17, 2017, 07:15:54 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

I don't see why this couldn't work. There have already been bitcoin ATM's, this it not so different. It would help those that are not technically savvy to get in on this new technology. These banks could have live people that can answer questions about cryptocurrencies.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: zulkarnaen on July 17, 2017, 07:22:17 PM
The possibility for that is certainly there but but no one knows for sure what will happen with bitcoin later. So far all hope the bitcoin will continue to grow and grow in many countries until all can benefit greatly on bitcoin


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: stompix on July 17, 2017, 07:34:22 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

I don't see why this couldn't work. There have already been bitcoin ATM's, this it not so different. It would help those that are not technically savvy to get in on this new technology. These banks could have live people that can answer questions about cryptocurrencies.

Bitcoin atms are not related to banking atms.
They are just vending machines.

There is no bank behind them, you insert money you get coins. Just like with a pack of cigarettes or a can of soda.



Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: richardsNY on July 17, 2017, 07:43:35 PM
Everything is possible if the will is there, and the potential of generating extra income. For me personally, I don't care whether or not banks start allowing people to store their coins there. I am in Bitcoin because I want to be the sole owner of everything I own. I am not going to put the decentralization aspect to waste for something so insignificant as banks allowing Bitcoin accounts. People should think twice before cheering for something so centralized as this. :-X


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: ivrynx on July 17, 2017, 09:34:54 PM
there is a possibility, however i see that it will take a long time since most people use bills in exchange of services ans stuffs, there is also a problem with banks, since they have their members only use bills and they don't educate them regarding bitcoin. i think that for banks akd bitcoins to be mixed together, there should be a bank that solely suppors bitcoins.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Xenrise on July 17, 2017, 10:03:35 PM
Well I think it is possible but it will take a long time for us to acquire this kind of state. Bitcoin and banks are enemies to each other, thus can't be as one. But if there would be a talk about bitcoin and bank as one, probably count years for it to be done. But it is cool though, banks are accepting bitcoin.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: emezh10 on July 17, 2017, 10:31:18 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
The connectivity between bitcoin and banks is really visible and possible if we are going to observe the scenario in our  present time wherein we convert bitcoin into our own currency and withdraw it in a bank. So it is really possible that bitcoin can be operated in banks in the future.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: gueorguiev on July 18, 2017, 12:17:56 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
The connectivity between bitcoin and banks is really visible and possible if we are going to observe the scenario in our  present time wherein we convert bitcoin into our own currency and withdraw it in a bank. So it is really possible that bitcoin can be operated in banks in the future.

frankly, even though it is possible, I don't think any developers would willingly make anything to connect the current banking system and Bitcoin. Any new code that's written, or app developed is done with the future in mind, and the future of Bitcoin does not include banks. Having banks hold onto your coins so that you could withdraw to fiat is a short sighted solution that goes against the fundamentals of Bitcoin/Altcoins alike and will end up causing a multitude of issues compared to the single problem it fixes, which in fact can simply be fixed by business adoption of Bitcoin which removes the need to exchange your currency.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Andre_Goldman on July 18, 2017, 12:29:38 AM
is this post about taxes payers funding banks failure ?

Quote
on brink of second bailout for banks˙

https://en.bitcoin.it/wiki/Genesis_block


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: bitcoinbox on July 18, 2017, 12:33:54 AM
I hope Bitcoin will always try to stay independant from banks.
Correct me if i'm wrong but Bitcoin was created originally to be an alternative of currencies and banks.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: rjbtc2017 on July 18, 2017, 12:53:40 AM
Bitcoin is not government dependent while banks are government dependent
In my opinion, this will not happen in the future or anytime soon, for bitcoin can still work without banks
and bank has their own regulations and policies. Therefore, i think  this is not possible.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: CraigWrightBTC on July 18, 2017, 01:01:40 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
Of course what's are you talking about is good for bitcoin's users and bitcoins itself because the Banks adopt bitcoins on their banking system, the account of bitcoins on the Banks are like the account on exchangers with interest monthly, that is good proggress for bitcoin's growth and i think it will happen in the future at least the Banks must adopt technology of blockchain in their banking system.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: szpalata on July 18, 2017, 03:18:58 AM
I hope Bitcoin will always try to stay independant from banks.
Correct me if i'm wrong but Bitcoin was created originally to be an alternative of currencies and banks.

Yes but they've dan coexist for a stronger financial sector, we don't need to replace banks and fiats with Bitcoin but we can have the two to independently exist and complement each other's weakness.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: mrcash02 on July 18, 2017, 03:51:49 AM
I have no problems with a BTC bank. You can consider some online sites like BTC banks. These sites store your money for you, some pay interest over your money for you... They have all the advantages banks have, but don't have the disadvantages, like high fees, control over your actions and transactions, withdraw limits. The only negative point is that here we don't have guarantees over our money.

But I think very hard to see a BTC bank working. To have something like this working it's necessary to have a localization (a country), so there will be regulations to be followed and for this reason half of the advantages are gone...


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: chixka000 on July 18, 2017, 03:55:35 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

Even if it is possible i dont want it to happen. Instead i want a much safer way of storing your bitcoin plus a stable price. Just imagine the convenience of having your amount thro your phone or dekstop rather than having it in bank


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: evilgreed on July 18, 2017, 03:56:33 AM
I hope Bitcoin will always try to stay independant from banks.
Correct me if i'm wrong but Bitcoin was created originally to be an alternative of currencies and banks.

Yes but they've dan coexist for a stronger financial sector, we don't need to replace banks and fiats with Bitcoin but we can have the two to independently exist and complement each other's weakness.


        This is why the possibility in the future about partnership is very high, like what you have said bitcoin is created as an alternative way and a digital versionof currency which is way too transparent that is also healthy for all the users. Both can never be replaced but both can be colaborated as partners, we might predict that they could be partners in the future but it depends upon how the situation runs.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: senin on July 23, 2017, 10:40:57 PM
The very essence of Bitcoin is to put control of your money into your hands, you are your own bank. To suggest Bitcoin and banks is to throw that all away, they would have control of your coins, and they could track all your purchases which kills the anonymity of Bitcoin.
I fully admit that part of the services for the running of bitcoin can take over the banks. This concerns, for example, intermediary services for the purchase and sale of digital currency. But depositing Bitcoin will really mean a loss of decentralization, as the banks will be admitted to control. However, those who are afraid of losing their anonymity will always have a choice to appeal to banks or not. While such an opportunity will exist, one should not be afraid of losing decentralization.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: bubblebit on October 06, 2017, 02:03:55 AM
Thanks BTCitcoiners for everyone’s Opinion.

Just to clarify there is no Wrong and Right when we are dealing with opinionated discussions.
It is either we agree or disagree every statements must be treated as equal and with respect.

I have slight mistake of taking this out without a poll for a comparisons but I have a good read reading all replies that makes sense.

Good or Bad. I hope one thing remain the opportunity for us to earn in the future is still open.
 


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: DewiKirana on October 06, 2017, 02:32:09 AM
That is not impossible, but it seems less suitable if bitcoin is managed by the Bank. Bitcoin was created along with a good ideology, I chose the bitcoin because of the security of privacy. Whereas in the data bank ourselves may be sold to the needy, I do not like it.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: albert11 on October 06, 2017, 02:41:07 AM
Of course it is good if it happens. Because we can simplify our accumulation of money. And of course we can simplify the transfer of our money to banks because they are already supported. So it's definitely a world that really changes bitcoins. And maybe this is the official currency of the world someday


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: kpcian on October 06, 2017, 03:00:34 AM
that might be possible because Bitcoin is becoming a one of the most strongest currency in the virtual world, day by day Bitcoin is also getting accepted by many online platform as a legal currency. a couple of countries have already declared as legal currency so that Bitcoin will be marge if bank considers it as a threaten for their business.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Rishabh riyz on October 06, 2017, 02:25:30 PM
Their is a small relation now between bank and bitcoins , people after earning enough BTC convert them into fiat by transferring the amount in banks , so banks are actually having profit.
Anyone can make a bank account , people don't need to be educated to hold a bank account though everyone holding accounts need to pla according to the rules and regulations of the bank. Banks can check in our accounts anytime , they are safe but kind of give less privacy.
The whole idea of Bitcoins was to mgive financial freedom to the users , but unlike banks account holders Bitcoin users need to have basic knowledge to operate a smart phone and the wallet.
Maybe in future the banks would understand that privacy is important and would provide max security with minimum peeks.
Banks could also help people hold their BTC safe from potential hackers.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: franco123 on October 07, 2017, 03:20:51 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

For me it will be good since it will open another option on how to store Bitcoins in a more secured manner. However, I think what the disadvanatage might be is the fees. But still it would just be optional then.

But today, I think banks are already being utilized for Bitcoins, or at least in the case of our country. This is because our Bitcoin address has the option to cash out in your  savings account in banks. This, even though it is indirectly done, is already considered as Banks and Bitcoins relationship.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: cpfreeplz on October 07, 2017, 03:29:33 PM
Obviously at some point some bank somewhere will hold your bitcoins for you. Should anyone use that bank? NO! Bitcoins don't need to be held in a bank.

If you want to trust someone with your private keys just PM them to me. I have no issue holding your bitcoins for you.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: HabBear on October 07, 2017, 03:33:14 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

This already exists! Coinbase, Kraken, Xapo, etc, are all banks whete you can store crypto and exchange it fir fiat when needed. Most of these banks offer debit cards now so you can spend your bitcoin wherever debit cards or visa/mastercard are accepted.

There's room for otherbanks to get involved but we shouldnt be acting like these services fon't already exist.

To the OP, how much do you pay your fiat bank in fees each year? Do they charge you for a checking account? Do they require a minimum balance for a savings account?

I'd rather be my own bank!


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: 13abyknight on October 07, 2017, 03:39:21 PM
The whole point of Bitcoin was to create a completely decentralized system for overall usage whereas banks and governing agencies oppose the whole idea of decentralization as they want everything under their control. Being digitized in nature, why would someone want to deposit Bitcoins in a bank while there are so many exchanges or services to buy from? Bitcoin ATMs for withdrawal on the other hand are really good signs of growth and have only been available in only select countries.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: shannen8 on October 07, 2017, 04:16:24 PM
I think it wouldn't be possible.Bitcoin is for online only.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Desscount on October 07, 2017, 04:23:46 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?


I think at this time many ico based banks. although I do not really know it. but I think there will always be new innovations about the development of bitcoin and blockchain. this is the era of the digital age.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: chidrawarster on October 07, 2017, 04:34:13 PM
Very much possible !!!! Banks have to be made a viable mode for accepting and exchanging bitcoins instead which would definitely be a better way to make major of the digital currencies in reach. The main reason why they both cant work together would be that digital currencies arent controlled by anybody whereas the banks are controlled by regulatory bodies. Definitely it would be a good idea if they both work together which would boost the economy resulting in major investments diversified. Still would wait for the future and see what we have in the store.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: GreenBits on October 07, 2017, 04:44:57 PM
Very much possible !!!! Banks have to be made a viable mode for accepting and exchanging bitcoins instead which would definitely be a better way to make major of the digital currencies in reach. The main reason why they both cant work together would be that digital currencies arent controlled by anybody whereas the banks are controlled by regulatory bodies. Definitely it would be a good idea if they both work together which would boost the economy resulting in major investments diversified. Still would wait for the future and see what we have in the store.

Not so optimistic. Banks will surely adopt blockchains, thats a work in progress. But im not so sure about bitcoin itself. There are already more "regulation friendly" coins that banks would more quickly adopt. bitcoin is slow, cumbersome, and entirely too volatile to function as this. the trust, in my opinion, is really the only thing keeping bitcoin afloat at this point. and the forks are doing alot to undermine that.

we need to get it together, or we wont survive.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: coinfast on October 07, 2017, 04:56:09 PM
All hope the bitcoin will continue to grow and grow in many countries until all can benefit greatly on bitcoin. However I see that it will take a long time since most people use bills in exchange of service and stuffs


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Yakamoto on October 07, 2017, 05:10:33 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
Banks are bad because the way that they make money (usually) results in inflation, normally referring to fractional reserve lending which I almost guarantee would happen with Bitcoin if they try to make banks part of the crypto economy. Banks will absolutely be a net-negative and I would highly dislike any kind of banking system becoming normalized. It would be bad for everyone and not any better than how fiat works.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Cloud27 on October 07, 2017, 05:45:38 PM
Yes, it is possible. If this happens, remember we are not putting all our bitcoin in the bank. Just like what we are doing today, we don't put all our money in the bank. And it is happening in exchanges today, some of my bitcoin is on a regulated exchange and some are in unregulated exchange. Our purpose in banking is all different, I can put some of my bitcoin in the bank for safety keeping.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Envrin on October 07, 2017, 05:54:42 PM

It seems to me that the bitcoins in the near future will replace the banking system, it will become obsolete and banks will simply have to adjust to it. But it certainly will not play to the benefit of banks. And in general, let's see how it will happen, I'm for bitcoins, because this is a promising minimum. ::)


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: ninabobo on October 07, 2017, 06:56:24 PM


I think it's time to follow the development of the digital age.
Maybe the future later, many banks are following bitcoin for several reasons. I don't know like you, let's see the progress.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Proton2233 on October 07, 2017, 07:59:43 PM

It seems to me that the bitcoins in the near future will replace the banking system, it will become obsolete and banks will simply have to adjust to it. But it certainly will not play to the benefit of banks. And in general, let's see how it will happen, I'm for bitcoins, because this is a promising minimum. ::)
The banking system never adapts to using bitcoins. Banks can only operate with a predictable assets. They are supported by the government, so the whole system is set to use Fiat. Never a diesel car cannot run on petrol. I think the banks will fight bitcoin because people will not keep their money in banks and they will not have working capital.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Dilladupak on October 08, 2017, 12:36:49 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?




 by not cooperating with banks
     so if I think it's better to use it from person to person, if the price will be introduced in the banking sector maybe bitcoin is not beneficial for everyone but if bitcoin and bank will join each other then will lose a lot of work, and then they will leave bitcoin half. and also the banking sector will make bitcoin prices according to their shares.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Rose119 on October 08, 2017, 12:58:58 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

If that's happen to our future, i can't see any idea to be a bad effect, we need bank to save our money. And alson we need bitcoin to growth our money, well i hope bitcoin will alo safe in the bank if that's happen.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: m.vina on October 08, 2017, 02:51:55 AM
People have been trading, remitting, and saving money, among others at their trusted banks for years. If they have an option to still do the same less double-spending, other transaction costs and time spent falling in line (for some transactions not available online), how resilient would they be? For instance, the current population of OFWs alone (approximately 10 million out of total current population of 92.2 million) would save significant amount and time if they use bitcoin for trading. Risk-averse people who just want to save money may opt to still keep their money in the banks.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: cpfreeplz on October 08, 2017, 02:55:33 AM
All hope the bitcoin will continue to grow and grow in many countries until all can benefit greatly on bitcoin. However I see that it will take a long time since most people use bills in exchange of service and stuffs

What the fuck does that have to do with anything? Sig spamming on the wrong post champ?

People have been trading, remitting, and saving money, among others at their trusted banks for years. If they have an option to still do the same less double-spending, other transaction costs and time spent falling in line (for some transactions not available online), how resilient would they be? For instance, the current population of OFWs alone (approximately 10 million out of total current population of 92.2 million) would save significant amount and time if they use bitcoin for trading. Risk-averse people who just want to save money may opt to still keep their money in the banks.

If you think you're risk-averse by keeping your money in a bank you are very sadly mistaken and your parents didn't teach you well enough about money and how it really works.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: tiger2monkey on October 08, 2017, 03:13:16 AM
In my opinion, it is possible as there are some banks offered bitcoins directly to their clients. More and more banks may follow and bitcoins will be more accessible to the general public. It is good for bitcoin when more and more people use it.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Mpamaegbu on October 08, 2017, 03:22:16 AM
The very essence of Bitcoin is to put control of your money into your hands, you are your own bank. To suggest Bitcoin and banks is to throw that all away, they would have control of your coins, and they could track all your purchases which kills the anonymity of Bitcoin.

This is painfully true. That synergy may kill the anonymity of the bitcoin. But then, can Bitcoin truly advance further without the banks? Already most transactions involving the Bitcoin are done through the banks. In Africa, you must convert to fiat before feeling the impact if Bitcoin. It isn't possible yet to do a direct buy of goods with Bitcoin here in Africa. On the deposit and withdrawal thing, it's going to take another technology to come by since Bitcoin is a virtual thing and not physical like dollar or euros.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: pecson134 on October 08, 2017, 03:47:39 AM
In my opinion it is quite possible that it may happen but not to the extent that it will be implemented this year. In the coming future it may had the possibility that these two were going to be adjunct to each other but of course with the help of the users and other banks who supports this action. But I think a problem may rise if these two would combine but it can be resolve.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Md Saad on October 08, 2017, 05:24:50 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
I think there will be a lot of space as you said, day by day Bitcoin is getting a familiar and profitable platform for investment and saving, so if the government will approve it as a legal money then the bank may take the chance to be marge with Bitcoin. if this will happen then people will be more involved because of getting security.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: eann014 on October 08, 2017, 05:28:54 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
It is not good, because I think bank is against bitcoin so maybe that will not be possible to happen, bank wants bitcoin to disappear and I think they don't want it to stay any longer, they don't want enter cryto world. So I guess this is too impossible to happen.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: MostafaGamal on October 08, 2017, 06:33:58 AM
i think it's very hard in this time , maybe in next 5 years after make research , but it's still hard


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: reliable on October 08, 2017, 06:38:39 AM
i think it's very hard in this time , maybe in next 5 years after make research , but it's still hard


I am not sure if this could happen or will the government allow such transaction to happen within the bank as the banking channels already have so many products and work to do. Might be there may be a separate entity if ever it has to happen that will handle the bitcoin or cypto currencies related stuff and where govt may give licenses to run it.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: limopc on October 08, 2017, 07:00:40 AM
My 2 cents....

It can happen... not opening a current account in bitcoin of course... but imagine:

- a bank can allow a client to “deposit” or convert crypto to his fiat account, the bank receives the crypto in his wallet, immediately exchange it on an exchange automatically into fiat, the exchange immediately transfer fiat to the bank, the bank transfers the fiat to the client account. After of course every body takes his commissions and fees normally as if it was jus a forex transaction.
- banks can make even a mobile app or wallet (private keys on clients mobile) and the client can transfer crypto to his credit, prepaid, debit cards or whatever accounts.
- a bank can verify me to an exchange, I register my name, account or card number only, the exchange requests all the KYC .. etc from the bank, so it is done.

Banks then can still work with crypto, while not really keeping crypto accounts.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Destroyeroff98 on October 08, 2017, 07:01:59 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
It is quite possible. Here, for example, we have a bank that is actively buying Bitcoins.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: naocb on October 08, 2017, 07:08:46 AM
brokerage firms or investment banks will tap into bitcoin soon as a trading tool or investable asset. brokerage firms will trade whatever their clients want, but it doesn't mean they would adopt bitcoin as a financial function. they just want volatility to trade.
so, i don't believe traditional banks would recognize bitcoin as a method of transaction or sending money, but other players like fintech companies or next generation banks will start using bitcoin.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Christian13 on October 08, 2017, 07:31:48 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
That would be a good idea. But the transaction of real money and bitcoin must be strictly controlled to prevent you know, "misunderstandings" between the bitcoiner and the bank.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: lokpalnaik on October 08, 2017, 08:35:15 AM
First of all, both are different right now. Since cryptocurrency is  getting popularity day by day, usage of  this also will be increased. Options are expected for sure. There will be definitely some developments,modification or alteration in this to better secured electronic currency, need strong blockchain system.  


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: erickkyut on October 08, 2017, 08:43:33 AM
I don't think it is possible because banks are against Bitcoin because Bitcoin's characteristics is the opposite of the money in the banks. The only thing that I can see a possibility is banks as storage of hard wallets and private keys for Bitcoin.  This is just my opinion. There are lots of possibilities in the future. We can never tell what might happen.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: arlinxoha on October 08, 2017, 09:10:50 AM
Good ideas I also think Bitcoin is very popular to most people. It does not take much time from Bitcoin Bank. But it should be legal in all countries, so people of every country can keep Bitcoin as a deposit in the bank. Bitcoin is safe in it.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Dheo on October 08, 2017, 09:39:18 AM
I don't think it is possible because banks are against Bitcoin because Bitcoin's characteristics is the opposite of the money in the banks. The only thing that I can see a possibility is banks as storage of hard wallets and private keys for Bitcoin.  This is just my opinion. There are lots of possibilities in the future. We can never tell what might happen.

Let's just see what happen for the future,if this would be happen i didn't see any bad idea ,banks and bitcoin are same important to us. We earn money through bitcoin and we save money in the bank.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: BlackPanda on October 08, 2017, 10:20:25 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
I would be very happy when bitcoin can be integrated with the existing Bank system. but it seems to take a very long time because of the different systems available. bitcoin centered on the blockchain system, while the bank has its own system. if this happens then a great system will be made and surely this could be a huge economic power. we wait for this to happen and I hope bitcoin can turn into a medium of payment that is recognized by many countries. with bitcoin integration with the bank, the more people will trust bitcoin. this is the future of bitcoin that could happen because the future bitcoin I think is very bright.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Vikingr on October 08, 2017, 11:41:23 PM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?

This already exists! Coinbase, Kraken, Xapo, etc, are all banks whete you can store crypto and exchange it fir fiat when needed. Most of these banks offer debit cards now so you can spend your bitcoin wherever debit cards or visa/mastercard are accepted.

There's room for otherbanks to get involved but we shouldnt be acting like these services fon't already exist.

To the OP, how much do you pay your fiat bank in fees each year? Do they charge you for a checking account? Do they require a minimum balance for a savings account?

I'd rather be my own bank!
If this will happen that will be very good but banks are not going to accept it because of its prices and they take seriously to the prices but they are at the wrong end, bitcoin itself is a bank which keeps people investment and give them profit at the time of need and this s best than banks investing in bitcoin Is best than investing in banks.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: megynacuna on October 09, 2017, 12:34:07 AM
I don't think it is possible because banks are against Bitcoin because Bitcoin's characteristics is the opposite of the money in the banks. The only thing that I can see a possibility is banks as storage of hard wallets and private keys for Bitcoin.  This is just my opinion. There are lots of possibilities in the future. We can never tell what might happen.

Let's just see what happen for the future,if this would be happen i didn't see any bad idea ,banks and bitcoin are same important to us. We earn money through bitcoin and we save money in the bank.

 I think they can coexist to complement each other. The banks can easily go  for the blockchain technology and serve their clients better so that it will be a win-win situation rather than go hard against bitcoin.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: chip211 on October 09, 2017, 01:26:19 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
That happened and remember not to have mistakenly had a country that had opened a bank accepting Bitcoin. I do not remember it in any country, but it happened  ;D ;D ;D ;D


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Dontme on October 09, 2017, 01:32:56 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
Sure this will happen soon as bitcoin's owner plan to be like this. And yes, if bitcoin will become legal to all that there are no more troubles for bitcoin. Because I do believe that bitcoin will become the future's main money and people love bitcoin each day and am sure that it will more convenient to use by every one than cash. Ofcourse your question is a very good question because this will be the future of bitcoin.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: Sithara007 on October 09, 2017, 01:40:04 AM
Let's just see what happen for the future,if this would be happen i didn't see any bad idea ,banks and bitcoin are same important to us. We earn money through bitcoin and we save money in the bank.

As long as there is a need for physical cash, there will be demand for banks as well. If the payments become digital in the future, then mobile wallets and crypto-currency will make Bitcoin obsolete. If you want to store your wealth, you can store them in the form of Bitcoin in any online or hardware wallet. There is no need for a bank account.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: blockchainmarketus on October 09, 2017, 01:48:35 AM
Like or not banks should adobt bitcoin in their service in the future. Now there are many payment wallet created by developers that enables buy and sell bitcoin as easy as buying bottled water. The method of payment will change and revolutionize banks policy if the govt agree to. In fact banks and govt still don't want to accept bitcoin.


Title: Re: Banks and Bitcoins: Is it possible in th future?
Post by: bitcoinsocial09 on October 09, 2017, 02:55:56 AM
Bitcoin show signs of popularity to every people in the world, profitability of it makes me imagine that one day we can deposit and withdraw bitcoins in Banks.
If it happens, my question maybe, is it good or bad? for us bitcoiners, or for bitcoin itself.

In my opinion: what yours?
I think it will not be conflicted at all, since most users for sure get their payout through banks or other bank related process. It is only time that we wait for bitcoin and banks to merge and create a broader market for bitcoin that will surely increase value and popularity of bitcoin as popular as banks as we know and can be found in each city with many branches. It may have some bad effects like ruling out some currencies on some countries but it will only be minor problems where bitcoins possible hindrance would be to successfully use bitcoin on every store. But that is still far from possibility since not all store or services can be bought by bitcoin for its need of internet connection.