Will a bank being hacked boost adoption of bitcoin?

[Amph]

I think it will. Till now, when people asked how this could happen, the only answer was shrugging, it's the way it is, que sera sera.

Now, when people ask, they might get this, depending on who they ask: Well, in fact there is another way, bitcoin, check it out.

it will eventually, but only if it will be on a large scale, and not 1 or two bank hacked from time to time, if the majority of banks(not gonna happen at 99% at least) will begin to face some heavy hacking all over the wolrd, then something will happen about the possible shifting to bitcoin from many around the world

[GreenStox]

I think it will. Till now, when people asked how this could happen, the only answer was shrugging, it's the way it is, que sera sera.

Now, when people ask, they might get this, depending on who they ask: Well, in fact there is another way, bitcoin, check it out.

it will eventually, but only if it will be on a large scale, and not 1 or two bank hacked from time to time, if the majority of banks(not gonna happen at 99% at least) will begin to face some heavy hacking all over the wolrd, then something will happen about the possible shifting to bitcoin from many around the world

Well if banks start to get hacked then bitcoin could be too. And i`m not talking about offline wallets, but the online wallets.

I`m sure 95% of bitcoin users use online wallets, so if they want to harm bitcoin, the online wallets will be the target probably

[Amph]

I think it will. Till now, when people asked how this could happen, the only answer was shrugging, it's the way it is, que sera sera.

Now, when people ask, they might get this, depending on who they ask: Well, in fact there is another way, bitcoin, check it out.

it will eventually, but only if it will be on a large scale, and not 1 or two bank hacked from time to time, if the majority of banks(not gonna happen at 99% at least) will begin to face some heavy hacking all over the wolrd, then something will happen about the possible shifting to bitcoin from many around the world

Well if banks start to get hacked then bitcoin could be too. And i`m not talking about offline wallets, but the online wallets.

I`m sure 95% of bitcoin users use online wallets, so if they want to harm bitcoin, the online wallets will be the target probably

it could be a good lesson for them to use cold storage, and learn more about bitcoin, those are just lazy people guided by those, lazy's guides that say that learning about how bitcoin works is irrelevant, there is a thread talking about this in the bitcoin discussion board, this can not be more wrong...

[Miracal]

For people having an opinion stating that bitcoin is much safer than banks, yes, you're right. For people having an opinion stating that bitcoin can never be hacker, um, no. Everything in this world can be hacked, nothing is secure enough for the best. A lot of bitcoin hacks have already happened, refer to the mt.Gox bitcoins went 'missing' scandal.

[arallmuus]

it could be a good lesson for them to use cold storage

As a matter of fact using cold wallet is pretty inconvenience for some people. That is why people tend to store their BTC in an online wallet and also exchanger which allow them to withdraw it instantly if needed. Also that not everyone is a tech guy that know how to secure their BTC in cold wallet properly.
This will be another reason BTC will have a hard chance to replace traditional bank as because any wallets that connects to the network is pretty much risky while on the other hand using cold wallet is inconvenience

Therefore the idea to make a BTC bank or rather call it BTC storage is pretty much a good idea which that will serve as a storage only "bank" and takes fee from this service. This would be a good service to provide some security for those who dont know how to secure their coins properly . This will encourage people to shift from traditional bank into BTC as well

[Amph]

it could be a good lesson for them to use cold storage

As a matter of fact using cold wallet is pretty inconvenience for some people. That is why people tend to store their BTC in an online wallet and also exchanger which allow them to withdraw it instantly if needed. Also that not everyone is a tech guy that know how to secure their BTC in cold wallet properly.
This will be another reason BTC will have a hard chance to replace traditional bank as because any wallets that connects to the network is pretty much risky while on the other hand using cold wallet is inconvenience

Therefore the idea to make a BTC bank or rather call it BTC storage is pretty much a good idea which that will serve as a storage only "bank" and takes fee from this service. This would be a good service to provide some security for those who dont know how to secure their coins properly . This will encourage people to shift from traditional bank into BTC as well

well you don't need to be a tech guy to copy paste a file in a usb(it's like a backup of any other file, does they don't know how to do this? come on even my father which do not know what is copypaste know this..., that is a cold storage(when you need touse those bitcoin you do it in a safe enviroment, cold storage with offline transaction is another story

there should be an easy way to send offline transaction, for newbie, for those that are approaching crypto, it should be integrated in the core wallet, the mere thing that there are many different client, is already confusing for newcomers....

what i would suggest for a newbie is to buy a cheap laptop, do a format and install everything there, and don't touch that laptop for anything else that isn't bitcoin(no browsing no anything...)

bitcoin banks could help rising the bitcoin adoption, for those individuals which apparently are the majority, but in the end they should try to handle the bitcoin security aspect on their own

[Erdogan]

I think the imprisonment of funds in accounts really pisses people off.

[Xialla]

majority of people are already sick by current bank status, loans model, all the fees, possible block by gov (wave on greece) etc etc. bank "hack" would be another (small) nail to coif but generally, I don't think, that it will boost somehow adoption..

[arallmuus]

As a matter of fact using cold wallet is pretty inconvenience for some people. That is why people tend to store their BTC in an online wallet and also exchanger which allow them to withdraw it instantly if needed. Also that not everyone is a tech guy that know how to secure their BTC in cold wallet properly.
This will be another reason BTC will have a hard chance to replace traditional bank as because any wallets that connects to the network is pretty much risky while on the other hand using cold wallet is inconvenience

Therefore the idea to make a BTC bank or rather call it BTC storage is pretty much a good idea which that will serve as a storage only "bank" and takes fee from this service. This would be a good service to provide some security for those who dont know how to secure their coins properly . This will encourage people to shift from traditional bank into BTC as well

-snip-
does they don't know how to do this?
-snip-

Sadly not everyone even understand how BTC works. You can even check this number of people that dont even know how to sign an address, asking about halving , blaming a site when they have waited for hours but their balance is not updated which in fact because there are no blocks found yet. Of course this is just niche and also that I do know that in some part of the world there are person that dont even know how to use Ms. Word
So yeah this could help people more as people love convenience dont they? The more convenience a life , the more people will love it more.

I think the imprisonment of funds in accounts really pisses people off.

Indeed, people love the ability to spend their funds in a matter of seconds and BTC offer it however every wallet that is connected to the network isnt safe, so thats kinda countering each another there

[BitcoinNewbie15]

If something like this were to theoretically happen, I think Bitcoin would benefit from it in some way. Who knows if it would be positive or not. But it would show the strengths in Bitcoin though.

[GreenStox]

majority of people are already sick by current bank status, loans model, all the fees, possible block by gov (wave on greece) etc etc. bank "hack" would be another (small) nail to coif but generally, I don't think, that it will boost somehow adoption..

Well people have to have an option to move money around. And if the banks suck, then the only alternative is bitcoin.

Try using wheeled carts to move money arount, it aint gonna happen, bitcoin only please

[arallmuus]

Well people have to have an option to move money around. And if the banks suck, then the only alternative is bitcoin.

The chances for bank to completely off the grid will be close to zero at this point. Barely I'd say this because the government would not let go of their source of power (they control the bank and FIAT, they control the people) . If banks were to fail, there will be another "system" that replace the traditional bank and shifting onto BTC will be the last resort to do .
You can check on the hype towards greece with their latest issue but simply they are looking for another option rather than BTC , not saying BTC is the complete answer for them but atleast it could be a better option for them

[GreenStox]

Well people have to have an option to move money around. And if the banks suck, then the only alternative is bitcoin.

The chances for bank to completely off the grid will be close to zero at this point. Barely I'd say this because the government would not let go of their source of power (they control the bank and FIAT, they control the people) . If banks were to fail, there will be another "system" that replace the traditional bank and shifting onto BTC will be the last resort to do .
You can check on the hype towards greece with their latest issue but simply they are looking for another option rather than BTC , not saying BTC is the complete answer for them but atleast it could be a better option for them

Ok they can put another puppet  institution there ,but none of them can compete with bitcoin.

I just saw a few big banks trying to create a crypto currency, but which they control, is pretty hilarious and pathetic, and desperate.

Are they that desperate to survive?

[JarvisTechnology]

If the some bank gets hacked, it will obviously shake the faith of people in it. The might even resort to Bitcoin or the types but then ,what makes you think that the people will have full confidence over bitcoin. Bitcoin is anyhow equally vulnerable like  a bank. SO it doesn't really make any difference.

[arallmuus]

The chances for bank to completely off the grid will be close to zero at this point. Barely I'd say this because the government would not let go of their source of power (they control the bank and FIAT, they control the people) . If banks were to fail, there will be another "system" that replace the traditional bank and shifting onto BTC will be the last resort to do .
You can check on the hype towards greece with their latest issue but simply they are looking for another option rather than BTC , not saying BTC is the complete answer for them but atleast it could be a better option for them

I just saw a few big banks trying to create a crypto currency, but which they control, is pretty hilarious and pathetic, and desperate.

Are they that desperate to survive?

Banks are not thinking about their survival because they are pretty much thinking that they are on top of the food chain and there is nothing to take them down . Most banks actually have no interest with BTC and also the fact is that BTC is not much of a threat to them and is just a niche for the economics world.
I do believe that Banks are not actually trying to make a cryptocurrency I believe but rather taking steps into making the old fashioned FIAT into a digital form (something like controllable paypal ). However this is the fact that banks are actually "stronger" than BTC (for now) as they are pretty confident into creating a new form of digital FIAT

[rayhan]

Uhm Uhm  , if we talk about banks. the scams they happen a lot in banking institutions . People are well aware of them , but do they shift the system itself? They can shift from one back to the other bank , because of utter dissatisfaction but i have never seen someone adopting a whole new system. People tend to stick with traditional.

[Enzyme]

Nope, because most banks have insurance.
If this was to happen, you'd most likely get your money back.

And, people don't have enough trust in bitcoin; an extremely volatile currency.

[arallmuus]

Nope, because most banks have insurance.
If this was to happen, you'd most likely get your money back.

It is not about the insurance policy of a bank but rather the security of it. Banks are seen as the most secure place to save your money by people who have no idea about what BTC is but with constant news about bank being robbed or hacked will make people lose their confident in securing their personal belongings in the bank. However this will not be enough to shake's people's confidence about saving in banks and thus wont get people to move into BTC as well

[GreenStox]

Banks are not thinking about their survival because they are pretty much thinking that they are on top of the food chain and there is nothing to take them down . Most banks actually have no interest with BTC and also the fact is that BTC is not much of a threat to them and is just a niche for the economics world.
I do believe that Banks are not actually trying to make a cryptocurrency I believe but rather taking steps into making the old fashioned FIAT into a digital form (something like controllable paypal ). However this is the fact that banks are actually "stronger" than BTC (for now) as they are pretty confident into creating a new form of digital FIAT

"Whoever is winning at the moment will always seem to be invincible."
George Orwell


Yea their vanity will be their end, but then again I agree with you, they are trying to hijack the word: cryptocurrency.

The elite is always in the business of hijacking and distorting words like:  liberal, freedom, courage, bravery, or other sensitive words.

So they are building a centralized toilet paper printed fiat currency, and trying to brand it as a decentralized cryptocurrency with limited supply, what a shame 

And more shame to those idiot ignorants who will believe them

[orsotheysaid]

Banks being hacked piss of people, pissed off people may or not may go to Bitcoin after that. I think its a minority until its more mainstream.