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Author Topic: Bank or Bitcoin Wallet?  (Read 230401 times)
torrentheaven
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August 15, 2016, 05:56:33 PM
 #2601

I am using both at a moment as only bitcoin wallet will not help me I also need banks to support my savings as bitcoin has not reached to my place yet so cannot depend only on it at this stage.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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Blackmet
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August 15, 2016, 08:09:23 PM
 #2602

I think that this two services can't be compared, you can use what you like more, if you are a common guy who don't care about money, you will probably use banks i think Grin

airsounds
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August 15, 2016, 08:22:35 PM
 #2603

Bank or Bitcoinwallet?! Easy! I would choose Bitcoinwallet. I really don't like and trust in banks. I like to have access to my money whenever i will and wherever i am.

the same for me, banks are really bad in our world in my opinion banks might be really fishy and they might even run away with people money

madwica
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August 16, 2016, 06:12:24 AM
 #2604

Bank or Bitcoinwallet?! Easy! I would choose Bitcoinwallet. I really don't like and trust in banks. I like to have access to my money whenever i will and wherever i am.

the same for me, banks are really bad in our world in my opinion banks might be really fishy and they might even run away with people money
How would be the bank run with our money? how they can do that? they have physical asset we can see anytime we want that is why bank is the safes wallet for our money because bank have insurance for the money they kept in the vault and also they gives us interest of our money depending of how long we store our money in the bank.
Doms
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August 16, 2016, 06:22:40 AM
 #2605

Bank or Bitcoinwallet?! Easy! I would choose Bitcoinwallet. I really don't like and trust in banks. I like to have access to my money whenever i will and wherever i am.

the same for me, banks are really bad in our world in my opinion banks might be really fishy and they might even run away with people money
What makes you think of that? They are governed by Central Banks and insured in such a way that a chunk of your deposits can be returned in case the bank folds. Have you had experiences wherein the bank had run away with your money? I am sure there are banks that have gone on bank holiday but why trust your money in banks that have no big market cap? For me, I only trust banks that have solid reputation and serves me the way I want to be served. It has worked for me all these years and unless something replaces better comes along, I don't see myself stopping using their services.
adriaymati58
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August 16, 2016, 01:52:15 PM
 #2606

Bitcoin wallet is more close to the idea of bitcoin in general, being decentralized and anonymous, while a bank generally goes against that since there is no decentralization. Of course the case would be different if there is interest "it would be tempting but still real bitcoin fans should avoid it".

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Yutikas_11920
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August 16, 2016, 03:23:52 PM
 #2607

Bitcoin wallet is more close to the idea of bitcoin in general, being decentralized and anonymous, while a bank generally goes against that since there is no decentralization. Of course the case would be different if there is interest "it would be tempting but still real bitcoin fans should avoid it".

Yeah, it does bitcoin was created for those who want to make transactions anonymously and will not be getting a very large pieces. In contrast to the bank, in the bank we get do something freely and guaranteed however load given will be very considerable
BillyBobZorton
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August 16, 2016, 03:39:09 PM
 #2608

You need both. To survive in modern society, you are going to need a bank account to pay the bills since chances are you cannot be paid for your work on BTC. Maybe in the future.
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August 16, 2016, 03:40:53 PM
 #2609

Is their a wallet that allows instant payment from the selling of Bitcoin? Coinbase takes too long and I am to lazy to drive to an ATM. Does anyone have any suggestions for getting payment quicker?

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Noctis Connor
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August 16, 2016, 03:41:26 PM
 #2610

For me because im living in third country i am using both because i need too i use bitcoin wallet ofcourse to hold my bitcoins i also use bitcoin as currency to invest and earn money without doing anything , banks i use banks to deposit or where the manager or buyer can deposit my money
just_Alice
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August 16, 2016, 04:22:31 PM
 #2611

what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.
Bitcoin Wallet - this is the future, its main advantage automatically working system, so arleast you can't get robbed by your own bank, but there is always a risk of being robbed by a cracksman.)
tarzantall
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August 16, 2016, 04:36:59 PM
 #2612

bank and bitcoin wallet have their own importance and value. we cannot ignore the importance of both wallet and banks.
dana pani
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August 16, 2016, 04:59:28 PM
 #2613

in present time bitcoin but in future we are going to use wallet.
eddyubachs
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August 16, 2016, 05:18:29 PM
 #2614

You need both. To survive in modern society, you are going to need a bank account to pay the bills since chances are you cannot be paid for your work on BTC. Maybe in the future.
You can even pay your bills with bitcoin now but that will depend on country you are living in, but yes we do need banks at a moment for our day to day transactions.
sirohige
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August 16, 2016, 11:56:43 PM
 #2615

lots of people are going to use banks ! why because lots of people are don't know or they don't have knowledge about bitcoin thats some people are not interested to use bitcoin wallet , if they were and they know where they can invest their money to grow as easy as 5% of the money they want to grow then they probably use bitcoin wallet because people had a different idea's

Risks that must be faced is very high on the bitcoin as people are better off choosing real money. Bitcoin wallet providers and website are also very limited and we knew that we could not find the office of bitcoin wallet providers around us, may be that people are not interested in bitcoin. While banks in almost every region has always existed.
CrimBit
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August 17, 2016, 12:13:36 AM
 #2616

bank and bitcoin wallet have their own importance and value. we cannot ignore the importance of both wallet and banks.

we can ignore bitcoin but we can't life without bank in this time. im bussines and i need bank everyday for buying something or paying anything, because bitcoin can't cover it.
elyas772
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August 17, 2016, 01:30:40 AM
 #2617

most people are not familiar with bitcoin, what, and how to use them, so they prefer to bank as a place to store money safely and grow, because the bank first in the know and it is real, unlike with bitcoin, which is not ad in the real world, so many people who think it's just a scam. because of their lack of knowledge of technology, especially the elderly.

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sishendaoye
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August 17, 2016, 01:52:57 AM
 #2618

bank and bitcoin wallet have their own importance and value. we cannot ignore the importance of both wallet and banks.

we can ignore bitcoin but we can't life without bank in this time. im bussines and i need bank everyday for buying something or paying anything, because bitcoin can't cover it.

I agree, we can't ignore banks because it is really important and the people are into banks. But if we are going to think outside the box and being a wise man. We are going to choose both, and since we are into bitcoin industry of course bitcoin wallets are going to be important too unless the banks are going to accept bitcoin too.

Banks are too embedded in our lives. Which makes it hard to live without them. No company I know of accept bitcoin payments.
So for survival: Bank; For pleasure: Bitcoin.
John Constantine
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August 17, 2016, 03:13:58 AM
 #2619

Both play important roles in different situations.
goinmerry
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August 17, 2016, 05:01:59 AM
 #2620

Both play important roles in different situations.

You got it right. As we know a lot of people put their trust in banks and it goes on and on. If there will be a chance that they can connect to a bitcoin exchange then why not. Trust will also be put on bitcoin and might get stronger.
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