Blue_Tiger73
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October 21, 2015, 08:00:28 AM |
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For me it all depends on what I'm doing, as I am still young, I would choose bitcoin as the price has a higher chance of going up compared to fiat. So if you wanted something for the long term, then I would choose bitcoin wallet, bitcoin beats banks any day(unless it's the day bitcoin drops to like a dollar). But if i was not planning on investing and planning to use my money quite quickly, I would definitely choose the bank. If banks started accepting bitcoin, it would be great for them, more people would start to use bitcoin, as it is better, and more people will use the bank, making the bank more money.  |
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zencomp
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★ Nakedbitcoins.com ★
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October 21, 2015, 09:02:26 AM |
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I still use both of them & can't choose bitcoin right now because there are barely any physical store which accept bitcoin in my country  When bitcoin is accepted by many physical store(merchants), i'll choose bitcoin than bank  i also accept your point, in my country India, here also still bitcoin is not acceptable in any physical store because bitcoin is still not acceptable in government. |
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neurotypical
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October 21, 2015, 03:56:51 PM |
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For me it all depends on what I'm doing, as I am still young, I would choose bitcoin as the price has a higher chance of going up compared to fiat. So if you wanted something for the long term, then I would choose bitcoin wallet, bitcoin beats banks any day(unless it's the day bitcoin drops to like a dollar). But if i was not planning on investing and planning to use my money quite quickly, I would definitely choose the bank. If banks started accepting bitcoin, it would be great for them, more people would start to use bitcoin, as it is better, and more people will use the bank, making the bank more money. Banks will never start accepting Bitcoin im afraid, because that would ruin their business which is basically spending as little as possible and stealing as much as possible off clients with the excuse of "oh we need super high fees because otherwise we can't run our banks". Even if this was the case, well guess what, Bitcoin is way cheaper to run and there's no point anymore in storing money on banks. |
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dragonusa9
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October 21, 2015, 04:22:35 PM |
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i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
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bitgolden
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Leading Crypto Sports Betting & Casino Platform
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October 21, 2015, 04:28:27 PM |
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i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
Yes bank is for different purpose where bitcoin wallet will serve completely different purposes. But in future bitcoin wallets only needed for us to make all the bank related transactions except interest earning which is also no possible in many countries due to negative interest rates. |
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BTCBinary
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October 21, 2015, 04:30:57 PM |
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Of course I would choose a Bitcoin wallet. Bitcoin empowers people to be their own Banks and enjoy financial privacy as well as a way of securing value away from financial institutions and banks. Besides, by using bitcoin you can save a lot, since you need to pay for Bank transactions.
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jackg
Copper Member
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Merit: 3071
https://bit.ly/387FXHi lightning theory
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October 21, 2015, 04:33:46 PM |
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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.
Banks will NEVER accept bitcoin. Aside, the flaws in he bitcoin network and the actual bitcoin-qt, the instability of bitcoin and the volatilityof its price. It would also be a rediculous idea fro banks to accept bitcoins. There may be banks that start off by using bitcoin as a type of investment. Banks only offer a maximum of 6% a year. That is less than 0.02% per day wich is a rediculously low amount ofmoney compared to the revenue from even mining on hashnest which can produce 0.2% per day! |
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dragonusa9
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October 21, 2015, 04:39:06 PM |
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i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
Yes bank is for different purpose where bitcoin wallet will serve completely different purposes. But in future bitcoin wallets only needed for us to make all the bank related transactions except interest earning which is also no possible in many countries due to negative interest rates. hahaha, that will be nice so we just become some of internet addict to earn some money and no one want to become entrepreneur or anything other than internet addict to earn some money |
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tom555
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October 21, 2015, 05:03:32 PM |
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Of course I would choose a Bitcoin wallet. Bitcoin empowers people to be their own Banks and enjoy financial privacy as well as a way of securing value away from financial institutions and banks. Besides, by using bitcoin you can save a lot, since you need to pay for Bank transactions.
imagine if you dont have bank account,you just have bitcoin wallet,than how if you need real money?how if you travel to country which not accept bitcoin? |
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tom555
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October 21, 2015, 05:04:46 PM |
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i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
this is what i mean,a wise answer (y) |
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Laosai
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October 21, 2015, 05:13:50 PM |
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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.
Obviously , as a bitcoin lover, I will choose a bitcoin wallet over a bank. Personally I don't have bank account right now and my bitcoin wallet serves as a bank for me right now  It's convenient cuz the fact that my bank was just on my pocket I can also easily turn my bitcoin into cash with the help of a local exchange here that also works even on weekends! |
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dragonusa9
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October 21, 2015, 05:34:05 PM |
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i think those two is important
well, i just know that bank is a vault for keep some local(real) money
and bitcoin is just for online currency, so that will be easy to use on online market
this is what i mean,a wise answer (y) well, that means that our opinion is same but, the bitcoin can be exchange into the other currency too i mean into real local money |
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jacee
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Activity: 1302
Merit: 1024
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October 21, 2015, 05:43:46 PM |
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A bank is governed by our government. It's to store the fiat that we are using. Bitcoin wallet is where we store our bitcoin. Those Two are two different things. Both are needed. You can't choose on neither both of it to just pick one.  |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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October 21, 2015, 06:30:14 PM |
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Of course I would choose a Bitcoin wallet. Bitcoin empowers people to be their own Banks and enjoy financial privacy as well as a way of securing value away from financial institutions and banks. Besides, by using bitcoin you can save a lot, since you need to pay for Bank transactions.
imagine if you dont have bank account,you just have bitcoin wallet,than how if you need real money?how if you travel to country which not accept bitcoin? the fact that it is not accepted everywhere does not make it less real than any other fiat crap money bitcoin has a value, i'm sure for private usage you can deal with the vendor and find a good deal, he will accept bitcoin in the end |
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leex1528
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October 21, 2015, 07:20:11 PM |
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I doubt banks will ever accept Bitcoin for the simple reason is Bitcoin is not something physical that you can hold onto. Yes we sort of digitized the currency we are currently using but somewhere somehow you have money floating around that can be physically held. Bitcoin does not have that option currently.
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delliaerd
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October 24, 2015, 12:09:58 PM |
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A bank is governed by our government. It's to store the fiat that we are using. Bitcoin wallet is where we store our bitcoin. Those Two are two different things. Both are needed. You can't choose on neither both of it to just pick one. Yes, i totally agree with you. I can't choose one of them. Sometime i need bank to transactions and sometime need bitcoin wallet to save my satoshi |
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AtheistAKASaneBrain
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October 24, 2015, 04:26:16 PM |
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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.
Banks will NEVER accept bitcoin. Aside, the flaws in he bitcoin network and the actual bitcoin-qt, the instability of bitcoin and the volatilityof its price. It would also be a rediculous idea fro banks to accept bitcoins. There may be banks that start off by using bitcoin as a type of investment. Banks only offer a maximum of 6% a year. That is less than 0.02% per day wich is a rediculously low amount ofmoney compared to the revenue from even mining on hashnest which can produce 0.2% per day! This is not the real reason they wouldn't accept Bitcoin. The traditional economic system has way more flaws than Bitcoin and consider Bitcoin isn't even version 1, it's still 0.11.1 The reason they will not accept Bitcoin is because Bitcoin cuts the middle men too much, so the banksters wouldn't have excuses to charge ridiculous fees for transactions. |
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zencomp
Full Member
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Activity: 182
Merit: 100
★ Nakedbitcoins.com ★
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October 24, 2015, 08:23:59 PM |
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at the present situation we cannot tell clearly what we want bank or bitcoin wallet , because for real life in physical you need bank to do your daily routine business and for online transaction where bitcoin is accepted we can utilize them. it will take more time to still confirm what we need.
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dragonusa9
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October 25, 2015, 12:10:48 PM |
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at the present situation we cannot tell clearly what we want bank or bitcoin wallet , because for real life in physical you need bank to do your daily routine business and for online transaction where bitcoin is accepted we can utilize them. it will take more time to still confirm what we need.
but at the time, you can exchange real money into BTC and BTC into real money so i think that the fact why we need bank and bitcoin wallet |
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Hellacopter
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October 25, 2015, 01:15:06 PM |
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at the present situation we cannot tell clearly what we want bank or bitcoin wallet , because for real life in physical you need bank to do your daily routine business and for online transaction where bitcoin is accepted we can utilize them. it will take more time to still confirm what we need.
I believe in the near future Bitcoin wallets will be needed as, or more than the banks, simply the Bitcoin is growing up daily nowadays and it is already accepted as payment processor in many great companies and marketplaces |
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