Banks and Bitcoin

[randy8777]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

I do not think Banks and Bitcoin can co-exist, since one of the reasons most people get into Bitcoin is to get away from the banks and their fractional reserve,
which is something that cannot be done with Bitcoin.
They cannot make Bitcoin appear just by punching some numbers on their computers.

banks and bitcoin can perfectly work and exist together. not sure why you think it's not possible. most banks are simply not interested in bitcoin itself. there is no reason for them to earn it. on the other hand, there are open minded banks who are genuinely interested in bitcoin and might even go further than only showing interest.

[louise123]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

I do not think Banks and Bitcoin can co-exist, since one of the reasons most people get into Bitcoin is to get away from the banks and their fractional reserve,
which is something that cannot be done with Bitcoin.
They cannot make Bitcoin appear just by punching some numbers on their computers.

banks and bitcoin can perfectly work and exist together. not sure why you think it's not possible. most banks are simply not interested in bitcoin itself. there is no reason for them to earn it. there are open minded banks who are genuinely interested in bitcoin and might even go further than only showing interest.

Like which banks are so open minded?
And how will they benefit by working with Bitcoin?
Lending it out for interest?

[HI-TEC99]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

I do not think Banks and Bitcoin can co-exist, since one of the reasons most people get into Bitcoin is to get away from the banks and their fractional reserve,
which is something that cannot be done with Bitcoin.
They cannot make Bitcoin appear just by punching some numbers on their computers.

banks and bitcoin can perfectly work and exist together. not sure why you think it's not possible. most banks are simply not interested in bitcoin itself. there is no reason for them to earn it. there are open minded banks who are genuinely interested in bitcoin and might even go further than only showing interest.

Like which banks are so open minded?
And how will they benefit by working with Bitcoin?
Lending it out for interest?

Banks make a fortune each year out of the fees they charge for wire transfers. Bitcoin users move money and only pay an optional fee of about one cent. The banks are not likely to embrace a system that costs them their wire transfer fees without a fight. Their system for moving money is years out of date, but why should they change it as long as its making lots of money for them?

[pooya87]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

i seriously doubt if banks would be interested in seeing bitcoin succeed! but as a potential market with potential big profits, banks can enter as whales in trading markets and earn profit.

[Kyraishi]

I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

[hunnaryb]

I don't think that any banking system in the world will support the use of bitcoins as they see bitcoins as threat to their entire system and the fiat currency and thats the reason many countries are against the use of bitcoins as banking systems are taking suppport from the government to oppose it.

[mearylll]

I don't think that any banking system in the world will support the use of bitcoins as they see bitcoins as threat to their entire system and the fiat currency and thats the reason many countries are against the use of bitcoins as banking systems are taking suppport from the government to oppose it.

Yup long way to go its really to think but its very difficult to implement i dont think that bitcoin will be getting support from any banks across the world as the banking systems knows that it cannot be a good sign for them as a whole and thats why they are running away from the bitcoins

[Pab]

 Cashout from fees and trading manipulation

[RitzBitzz]

Its hard for banks to work with bitcoin because of its design to be deflationary and not inflationary.

[stromma44]

Banks and Bitcoin can never travel in a same boat. Bank will never support the bitcoin as they clearly know that if the people start using the bitcoin then it would be the end of the banking system the main advantage with banks is people trusts banks more then the bitcoins.

[Amph]

I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

we still need them because we need fiat, bitcoin is not that spread in every shops, and we can't buy everything we want with it yet

on the contrary bank don't need bitcoin at all

[thebenjamincode]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

well from my point of view, i trust banks today because its more regulated and more established than bitcoin
because i see many exchanges being hacked thats why i think banks are safer place for your money

[nerFohanzo]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

well from my point of view, i trust banks today because its more regulated and more established than bitcoin
because i see many exchanges being hacked thats why i think banks are safer place for your money

I think yes banks are the safest to keep your money as banks are also involved into hitech systems which keeps money more safer and it gives quick access to its customers across the globe so people prefer banks more as compared to bitcoins as bitcoin is new concept.

[Kyraishi]

I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

we still need them because we need fiat, bitcoin is not that spread in every shops, and we can't buy everything we want with it yet

on the contrary bank don't need bitcoin at all

Not true.
You can have fiat or any legal tender without the banks "saving" your money for "interest", which they get from lending your money to someone else.
You have Bitcoin now as a currency.
Do you need banks to store it for you?

Nope. That means banks are useless unless you need a loan, of which you will pay back at least a minimum of 5 times the original amount.

[NyeFe]

I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

we still need them because we need fiat, bitcoin is not that spread in every shops, and we can't buy everything we want with it yet

on the contrary bank don't need bitcoin at all

Not true.
You can have fiat or any legal tender without the banks "saving" your money for "interest", which they get from lending your money to someone else.
You have Bitcoin now as a currency.
Do you need banks to store it for you?

Nope. That means banks are useless unless you need a loan, of which you will pay back at least a minimum of 5 times the original amount.

Well I'm looking to work with fiat. Yes I can get fiat in using WeMoney or OkPay. I could probably use the same account to pay consumers. But if I don't need a bank, how will I be able to use these services?

[Amph]

I thought that Bitcoin was everything the banks weren't....
Be you own bank and stuff..
What happened to all that?
Why do we need banks?
To steal from our hard earned money coins?

we still need them because we need fiat, bitcoin is not that spread in every shops, and we can't buy everything we want with it yet

on the contrary bank don't need bitcoin at all

Not true.
You can have fiat or any legal tender without the banks "saving" your money for "interest", which they get from lending your money to someone else.
You have Bitcoin now as a currency.
Do you need banks to store it for you?

Nope. That means banks are useless unless you need a loan, of which you will pay back at least a minimum of 5 times the original amount.

well this is true, i said "we" in general, personally i don't need bank, in fact i use a debit card which doesn't work with a bank account, but it is anyway attached to the bank that issued it(in the sense that you need a bank to have a debit card/credit card ecc...), this is what i mean with "we need them"

for now i don't like too much all those debit card on internet, their fees are too high(some seems a scam...), while mine is free on everything(i'm using the card of deutech bank)

[Pursuer]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

but banks and bitcoin are opposite of each other, like ice and fire. why would banks want to invest in something that is going to put them out of business. with bitcoin no one needs banks, although this is not happening right now.

[umaOuma]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

but banks and bitcoin are opposite of each other, like ice and fire. why would banks want to invest in something that is going to put them out of business. with bitcoin no one needs banks, although this is not happening right now.

Thats right. Bitcoin is threat to the banking system. Banking system will never support the bitcoin in future too as they know that bitcoin is available 24/7 so if the bank is closed on public holidays the same case would not be with bitcoin people can have access to bitcoin anytime and from anywhere.

[boopy265420]

Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?

but banks and bitcoin are opposite of each other, like ice and fire. why would banks want to invest in something that is going to put them out of business. with bitcoin no one needs banks, although this is not happening right now.

Thats right. Bitcoin is threat to the banking system. Banking system will never support the bitcoin in future too as they know that bitcoin is available 24/7 so if the bank is closed on public holidays the same case would not be with bitcoin people can have access to bitcoin anytime and from anywhere.

Bitcoin is reality now and is spreading day by day like fire in jungle.Bitcoin is to stay and rule the next monetary system in coming years.I think banks will be used as exchanges for Bitcoin and other crypto currencies.If they want to continue work other wise they have no future.

[victoryboy]

I have read somewhere many major banks have already started research on block chain technology to implement it to tackle the dangers created by BTC. Banks will adjust their system with BTC and block chain sooner.