One of Bank's Services in Future Will be Keeping Private Keys for Customers

[shinratensei_]

Because keeping private keys (by yourself) is troublesome, one of bank's services in the future will be keeping private keys for customers. They won't need to create their own currencies if they can convert enough of the population over using this system.

The customer visits bank and is provided a "bank account" which is a managed address on the bitcoin blockchain. The customer can still have personal addresses, but this address will be secured and guaranteed by the bank and have attached banking services.

That defeats the purpose of decentralization to start with and even if practiced it will eliminate the ability to access your money 24/7 which is the case with having access to your own private keys. I will like to add however that if your inability to keep the private keys safely led to this suggestion then it's better you have them saved on a Harddrive and lock the drive with a password and keep it in your personal safe or wardrobe.

There will still be publicly available addresses, it's just that the bank addresses will have private keys under bank control.

There are some indicators that these new banks are already in the works: http://www.coindesk.com/occ-charter-bitcoin-exchanges-special-national-bank-status/

hmmmmm.... So, it's not linking to the another public address?

But it makes sense if re-writing the title for this thread. It's including on the bank service and I can say if it is a bundling service was offering by the bank. and it's too far from the relationship with the public address.

[nara1892]

Because keeping private keys (by yourself) is troublesome, one of bank's services in the future will be keeping private keys for customers. They won't need to create their own currencies if they can convert enough of the population over using this system.

The customer visits bank and is provided a "bank account" which is a managed address on the bitcoin blockchain. The customer can still have personal addresses, but this address will be secured and guaranteed by the bank and have attached banking services.

I agree that a few people cannot take care their own private keys, but trusting banks to save copy of your private keys is terrible. you know, when banks save your fiat, they lend it to the other people and get interest. I think they would do the same thing. and that's against bitcoin rules.