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smho_16
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July 22, 2016, 06:59:08 PM |
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I think we need them both. For the moment bank account can be widely used for many more things than bitcoin wallet. For example one of the major international market relies on Paypal for its transactions of buying and selling like ebay for example. Still the bank account has some limitation like huge fees when transfering high amount of money, they may ask you question about this movement of such high amount of money. Bitcoin wallet is great in this as you can transfer any amount of money without anyone asking you anything and with very low fees. That's why for the moment we need both. I am not saying we need bank account cause we can withdraw bitcoin there from our wallet through exchanges no because we can exchange it also via Western Union or Money Gram. I am just saying we need them both because we are in this point of the online economy where we need both.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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gerXhonza
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July 22, 2016, 07:19:15 PM |
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Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.
The Bank is indeed very dominate all existing finance around the world, because it is the main task of the bank is to unite all financial instasi to be so one and easy to watch. Unlike the bitcoin, bitcoin doesn't need it and most exceptional is bitcoin only charge a fee on every transaction and do not charge for any funds deposited or etc yes there is no doubt about this that in present time bank is more dominant of wallet but i can eunsure you that in near future you will see that most of the people are now using online wallet instead of bank. Tell me one thing if you have an option to use both and take benefits from both then why would you go for a single option, everyone wants maximum benefits and that can be achieved if you use both of them. |
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StoreBit
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July 22, 2016, 07:48:57 PM |
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Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.
The Bank is indeed very dominate all existing finance around the world, because it is the main task of the bank is to unite all financial instasi to be so one and easy to watch. Unlike the bitcoin, bitcoin doesn't need it and most exceptional is bitcoin only charge a fee on every transaction and do not charge for any funds deposited or etc yes there is no doubt about this that in present time bank is more dominant of wallet but i can eunsure you that in near future you will see that most of the people are now using online wallet instead of bank. Tell me one thing if you have an option to use both and take benefits from both then why would you go for a single option, everyone wants maximum benefits and that can be achieved if you use both of them. as for me i think both have their own importance but i thin in present time we should give more preference to bank account. all all my assests are there in bank and the other thing is that i am receiving my salary through banks. therefore i cannot ignore the importance of bank. |
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bestluck
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July 22, 2016, 07:51:28 PM |
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Look banks charge several fees to hold our money which they lend and use to the others, i use banks because fiat salary something i cant accept to be paid into bitcoins and my boss doesnt know what it is at all.
You are right and because of that reason I also do not keep my money in banks after i heard about bitcoin, now I only invest in bitcin and just started to invest in LetItRide coin ( I hope it will be also safer for me). and use bank only when I need some money to withdraw from bitcoin via exchange. |
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newcoins1978
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July 22, 2016, 07:54:35 PM |
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The fact we all depend on banks for paying our bills make the bank account a winner.
Having said that, i bet most of us here would have the same financial freedom they have with their bitcoin wallet.
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Efemen
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July 23, 2016, 08:26:42 AM |
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The fact we all depend on banks for paying our bills make the bank account a winner.
Having said that, i bet most of us here would have the same financial freedom they have with their bitcoin wallet.
In the bitcoin era, there is no need for using the banks to pay our bills. But we still need banks to borrow money. |
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Munna98
Newbie
 Offline
Activity: 48
Merit: 0
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July 23, 2016, 06:31:33 PM |
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I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
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uname
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July 23, 2016, 06:48:16 PM |
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bank has legalization and some fixed rules over their money system but bitcoin wallets are controled by users and i will take bitcoin wallet
for the security of my money because the bank guarantees of security and in the event of unwanted things certainly the bank will be responsible for it. and we will not be disadvantaged |
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PokerFace3
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July 23, 2016, 06:56:53 PM |
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I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
the best part about bitcoin is the freedom and the privacy which banks can not offer. so, the choice is simple bitcoins. In the long run bitcoins are profitable and money is the banks have no guarantee for refund in case of huge problem. |
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Corenin
Legendary
Offline
Activity: 1008
Merit: 1000
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July 23, 2016, 07:22:58 PM |
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I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
the best part about bitcoin is the freedom and the privacy which banks can not offer. so, the choice is simple bitcoins. In the long run bitcoins are profitable and money is the banks have no guarantee for refund in case of huge problem. ] Existing users of bitcoin will always prefer to use it but what about those people who are not aware about bitcoins yet, they will continue with banking system for sure. |
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dragonballz1
Newbie
Offline
Activity: 38
Merit: 0
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July 23, 2016, 07:28:22 PM |
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still use both of them & can't choose bitcoin right now because there are barely any physical store which accept bitcoin in my country Sad
When bitcoin is accepted by many physical store(merchants), i'll choose bitcoin than bank
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icecube45
Legendary
Offline
Activity: 1218
Merit: 1000
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July 24, 2016, 01:59:00 AM |
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bank has legalization and some fixed rules over their money system but bitcoin wallets are controled by users and i will take bitcoin wallet
for the security of my money because the bank guarantees of security and in the event of unwanted things certainly the bank will be responsible for it. and we will not be disadvantaged True bank could keep our money safe and no guarantee that we can store safely. While bitcoin in my opinion to benefit because the price fluctuates and it can be profitable. For bitcoin security is still not perfect in my opinion because many bitcoin wallet accounts were hacked. |
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Strongkored
Legendary
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Activity: 2772
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
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July 24, 2016, 02:46:54 AM |
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True bank could keep our money safe and no guarantee that we can store safely. While bitcoin in my opinion to benefit because the price fluctuates and it can be profitable. For bitcoin security is still not perfect in my opinion because many bitcoin wallet accounts were hacked.
I fail to understand on this statement True bank could keep our money safe and no guarantee that we can store safely what exactly you mean? because in my opinion, the bank can keep our money safe and there is warranty for our money because banks have rules that governed the country. Although bitcoin prices fluctuate, but if you are wrong to take the position of order trading then you can not profit. I think bitcoin wallet is safe and can not be hacked. And I think if there is a case of theft bitcoin, it is a hack that occurred in the data base that store private keys and your passwords. Hackers are not directly hack into your wallet. just my opinion. |
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shinratensei_
Legendary
Offline
Activity: 3094
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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July 24, 2016, 03:18:03 AM |
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True bank could keep our money safe and no guarantee that we can store safely. While bitcoin in my opinion to benefit because the price fluctuates and it can be profitable. For bitcoin security is still not perfect in my opinion because many bitcoin wallet accounts were hacked.
I fail to understand on this statement True bank could keep our money safe and no guarantee that we can store safely what exactly you mean? because in my opinion, the bank can keep our money safe and there is warranty for our money because banks have rules that governed the country. Although bitcoin prices fluctuate, but if you are wrong to take the position of order trading then you can not profit. I think bitcoin wallet is safe and can not be hacked. And I think if there is a case of theft bitcoin, it is a hack that occurred in the data base that store private keys and your passwords. Hackers are not directly hack into your wallet. just my opinion. Keep slowly man, he just misses understanding about the bank or he never using a bank service and making shitty opinions like that. the bank always giving a guaranteed for us to store for safely. and because of that the some is wanna making a bank account is always needed to complete a lot of requirement from the bank is offer for us. |
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Jeremycoin
Legendary
Offline
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
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July 24, 2016, 03:28:52 AM |
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~Snip~
I fail to understand on this statement True bank could keep our money safe and no guarantee that we can store safely what exactly you mean? because in my opinion, the bank can keep our money safe and there is warranty for our money because banks have rules that governed the country. Although bitcoin prices fluctuate, but if you are wrong to take the position of order trading then you can not profit. I think bitcoin wallet is safe and can not be hacked. And I think if there is a case of theft bitcoin, it is a hack that occurred in the data base that store private keys and your passwords. Hackers are not directly hack into your wallet. just my opinion. Bitcoin wallet is hackable, especially Bitcoin wallet with a lack of security system. Let's take Blockchain.info as the example, if you dont' have a strong password and not using 2FA your wallet would likely to be hacked. |
faucet used to be profitable |
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sempak
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July 24, 2016, 03:55:12 AM |
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I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
yes it is the excess bitcoin. bitcoin easy to use every day. however today bitcoin is not guaranteed by a financial institution and has not been recognized by the government of a country. This has become a weakness bitcoin. |
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vero
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July 24, 2016, 04:48:43 AM |
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~Snip~
I fail to understand on this statement True bank could keep our money safe and no guarantee that we can store safely what exactly you mean? because in my opinion, the bank can keep our money safe and there is warranty for our money because banks have rules that governed the country. Although bitcoin prices fluctuate, but if you are wrong to take the position of order trading then you can not profit. I think bitcoin wallet is safe and can not be hacked. And I think if there is a case of theft bitcoin, it is a hack that occurred in the data base that store private keys and your passwords. Hackers are not directly hack into your wallet. just my opinion. Bitcoin wallet is hackable, especially Bitcoin wallet with a lack of security system. Let's take Blockchain.info as the example, if you dont' have a strong password and not using 2FA your wallet would likely to be hacked. No safe if only use 2FA, i just thinking the easy way to keep safe your bitcoin is use two different computer, one only for opened your wallet and other one is use for anything like trading if open investment site. |
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NandaR
Newbie
Offline
Activity: 15
Merit: 0
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July 24, 2016, 04:55:52 AM |
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I would not know what would happen if banks use bitcoin as a payment someday  |
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patronis
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July 24, 2016, 05:00:57 AM |
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I prefer bitcoin wallet. Because it is easy to buy,sell,transfer from wallet. Most of the time there are some tax or vat issue with banks. But btc wallet is free and full of freedom. So i prefer bitcoin wallet.
yes it is the excess bitcoin. bitcoin easy to use every day. however today bitcoin is not guaranteed by a financial institution and has not been recognized by the government of a country. This has become a weakness bitcoin. That weakness of Bitcoin is going to go away as businesses take BTC but in exchange there will be less freedom of BTC. Maybe less uses for BTC would be better, once businesses take BTC the government will want some too. |
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mirakal
Legendary
Offline
Activity: 3122
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
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July 24, 2016, 06:36:45 AM |
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I would choose both for the moment. My savings is put in the bank just to make sure that it is subject to insurance if anything happens, while some of my assets in my wallet and I treat it as my investment as I believe that the price of bitcoin will substantially increase in the near future.
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