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Title: Bitcoin vs. Banking: An Infographic Post by: keanbosch on July 14, 2014, 07:58:24 PM There’s no denying that Bitcoin is changing the way we think about the financial market and investors are finally getting on board. Companies that specialize in buying and selling gold have made announcements that they will be expanding into Bitcoin. According to Richard Waters, a writer in the Financial Times, reported A-Listers in Silicon Valley are climbing onto the bitcoin bandwagon.
Here's the Infographic http://www.ahametals.com/bitcoin-vs-banking-infographic/ (http://www.ahametals.com/bitcoin-vs-banking-infographic/) Title: Re: Bitcoin vs. Banking: An Infographic Post by: roslinpl on July 14, 2014, 08:20:20 PM Thanks for sharing! Great article!
Quote Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions. Bitcoins main concern for risk is someone breaking into a wallet without proper preventative measures, such as encrypting your wallet, and your coins being taken. I hate that I need to use my bank account ... I believe and truly hope that it is a matter of few years when I will be able to pay for everything using my Bitcoin Wallet. As for now I am forced to use a bank account :] Kind regards. Title: Re: Bitcoin vs. Banking: An Infographic Post by: keanbosch on July 14, 2014, 08:29:18 PM Thanks for sharing! Great article! Quote Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions. Bitcoins main concern for risk is someone breaking into a wallet without proper preventative measures, such as encrypting your wallet, and your coins being taken. I hate that I need to use my bank account ... I believe and truly hope that it is a matter of few years when I will be able to pay for everything using my Bitcoin Wallet. As for now I am forced to use a bank account :] Kind regards. Your Welcome, Well most people depend on the banking system rather than the bitcoin way due to bitcoin immaturity compared to banking today, but I believe in the coming years we can use our wallet on everything we'd like to purchase (not maybe all but most of it). ~ Kean Title: Re: Bitcoin vs. Banking: An Infographic Post by: theblacksquid on July 14, 2014, 08:36:15 PM That was awesome!!! I'll be sure to save that infographic!
Title: Re: Bitcoin vs. Banking: An Infographic Post by: Baitty on July 14, 2014, 08:45:50 PM Thanks for sharing! Great article! Quote Credit Cards go through four processes before a transaction is approved while bitcoins go through only three. If you store your money in a traditional bank, you risk bank runs, inflation and deflation due to government actions. Bitcoins main concern for risk is someone breaking into a wallet without proper preventative measures, such as encrypting your wallet, and your coins being taken. I hate that I need to use my bank account ... I believe and truly hope that it is a matter of few years when I will be able to pay for everything using my Bitcoin Wallet. As for now I am forced to use a bank account :] Kind regards. I can't wait until the day where I can shut down my bank account and don't have to worry about those money grabbers. though I will have new worries in keeping my Bitcoin safe. |