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Author Topic: If you believe banks will work with Bitcoin, you're delusional  (Read 4042 times)
zahra4577
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December 24, 2016, 09:33:39 AM
 #101

I see this often "banks should start working with Bitcoin users since that's where things are headed, why not cooperate?".

If you think your bank is going to keep your bitcoins in some account then you can use your debit card to convert to dollars at the point of sale then you don't really understand the main revenue of banks.

Banks hold your dollars in their bank accounts. They then turn around and leverage your dollars in their account by 10 times to issue loans to people where they get their main revenue.

If people are holding their funds in bitcoins and only using banks as a transaction medium the bank is not making much money.

Don't expect banks to embrace Bitcoin. The reason they're all creating their own "blockchains" is so they can make it so that they can hold your funds and leverage it.

Every central bank warning about Bitcoin is another central bank realizing that they are going to lose if people start using Bitcoin.
What you said is absolutely true and echo my views also.Adopting bitcoin would be a sucidal attempt for Banks.
Another thing is that I do not believe many bitcoin users would want to keep bitcoin in Bank.
What we need is more secure wallets for bitcoin and not banks. 

Przemax
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December 24, 2016, 01:18:17 PM
 #102

Banks mentality was always a mentality of a vampirious squid that sucks the vital force out of everything. They could not suck the bitcoin while it being widely adopted, but I dont see any reasons why the wall street would not speculate, mostly by shorts in the bitcoin market.
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December 25, 2016, 08:21:18 AM
 #103

I dont think bank will change its policy and adapting bitcoin, because bank wont let any anonymous customer put his wealth on the bank, when you want bank to adapting bitcoin,for sure you will be asked for identity verification

I agree with this, is why we people love bitcoin because of the security of identity which the bank do not agree with this.
Banks and Bitcoin have lot of dissimilarities.


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December 28, 2016, 05:46:04 PM
 #104

I don’t see a reason why banks should not start using bitcoin, if the number of users keeps growing everyday and the price is stable enough it is no surprise that most of shops restaurants and other service providers don’t start using it so why shouldn’t banks do, for a start I know that Netller which is an international banks started using it a few months ago.
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