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Author Topic: All these banks are now useing bitcoin  (Read 2614 times)
DOGE12321
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September 07, 2016, 10:55:08 PM
 #61

I don’t think that Banks are going to adopt Bitcoin. Bitcoin is completely opposing banks with decentralisation. It makes no sense for banks to adopt a decentralised cryptocurrency. Huh After all, they do run on completely different ideas. It is like making friends with your archenemy!

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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September 08, 2016, 04:08:52 AM
 #62

Well, I agree it will impact bitcoin both in a negative and a positive way if banks adopt it "Doubt that will happen anytime soon though", Positively the price will improve and it would encourage a wider portion of population to engage in BTC's, as well as possible interest in BTC for depositers. Negatively I think it would take a big portion of privacy and decentralization of bitcoin.
And the fact is bank never interesting about bitcoin and just having an intention about the system is used by bitcoin and that is a blockchain system, negative or positive impact it just your speculation. and will never happened in this time.

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September 08, 2016, 04:52:03 AM
 #63

For me it is good to all users if all banks starting to adopt bitcoin we can easily deposit and withdraw our bitcoin and it would be more available in different stores. Bitcoin has a big impact if bank will accept their system.
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September 08, 2016, 04:56:10 AM
 #64

Hello Mate

I want to asks you all a question, all of us knows that bitcoin 83% protect our privacy if you use it well

Now will you be happy if banks around the word adopt bitcoin?   Grin Grin Roll Eyes Roll Eyes

Will it be a Good-thing or a Bad one? Undecided Undecided Undecided

Will it affect you if yes in which areas?  Angry Angry Sad Sad Embarrassed Embarrassed Cry
Not a good thing. They will find some way to corrupt it, and it is going to get taxed, which is going to be a terrible thing, and they are going to restrict a lot of the freedoms that are brought along with what we have right now.

Privacy and anonymity would definitely also be harder to maintain, and chances are there would be more tracking and so happening.
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September 08, 2016, 05:04:18 AM
 #65

Banks adopting bitcoins would be the best option for us as we'll get the security that our coins are in safe hands and the rate of scamming that goes on here will be reduced to a great extent. I would be happy to keep my money with a bank rather than use an online wallet and living with the fear of it getting hacked or stolen.
It won't be a good idea as we are using bitcoins because it is anonymous (we save taxes) and because of the volitality. If banks adopt this currency, we'll get a stable price and it won't be like a demat account where the share prices depend on the market but it will be in complete control of the Government.
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September 08, 2016, 05:39:41 AM
 #66

i think i will be better if bank will accept btc .if bank will acceot btc then we don't need to use escrow system and loss in ttamsaction like 1% to buy sell at exchange site . this will be reduce into 0.5% or less .in this way everyone has the better opportunity for trading with less transactions loss
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September 08, 2016, 06:25:36 AM
 #67

i think i will be better if bank will accept btc .if bank will acceot btc then we don't need to use escrow system and loss in ttamsaction like 1% to buy sell at exchange site . this will be reduce into 0.5% or less .in this way everyone has the better opportunity for trading with less transactions loss

Do you know the transaction charges in bank is how much, if bitcoin is used by bank then they will also charge you for every transaction. i think you have never used your bank properly. Why bitcoin is getting so importance is due to bank charges high.
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September 08, 2016, 06:55:51 AM
 #68

Here in our country, the bitcoin wallet can have bitcoins through banks.  We will just select the bank that we wish to deposit our currency and without any fees.  Then when the money was already in your wallet then you can convert it into bitcoins.  We can also pay our bills like utilities and credit cards with bitcoins.  So I think it is allowed here in our country.  They encourage people to use this wallet by giving some rebates of 5% up to 10%.
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September 08, 2016, 08:33:10 AM
 #69

i think i will be better if bank will accept btc .if bank will acceot btc then we don't need to use escrow system and loss in ttamsaction like 1% to buy sell at exchange site . this will be reduce into 0.5% or less .in this way everyone has the better opportunity for trading with less transactions loss

Do you know the transaction charges in bank is how much, if bitcoin is used by bank then they will also charge you for every transaction. i think you have never used your bank properly. Why bitcoin is getting so importance is due to bank charges high.
The bank just charge me $0.3 for every transaction is i made, and where is the differences?in bitcoin you will get a charge in every your transaction too.

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September 08, 2016, 08:43:27 AM
 #70

I don't see banks adopting bitcoin directly, blockhain is where they are headed. 

The only way I see that banks can have an impact on bitcoin is if they blocked withdrawals from exchanges like Coinbase and the others, but there are ways around that so really I don't think banks will change their ways to accommodate bitcoin.
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September 08, 2016, 09:00:50 AM
 #71

at our country also wallet is added with the bank account , where we can add amount from bank account bitcoin wallet and then convert it to bitcoin, but thing it includes tax  ,  it is approved from government with sufficient tax details proof .

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September 08, 2016, 09:01:16 AM
 #72

i think i will be better if bank will accept btc .if bank will acceot btc then we don't need to use escrow system and loss in ttamsaction like 1% to buy sell at exchange site . this will be reduce into 0.5% or less .in this way everyone has the better opportunity for trading with less transactions loss

Do you know the transaction charges in bank is how much, if bitcoin is used by bank then they will also charge you for every transaction. i think you have never used your bank properly. Why bitcoin is getting so importance is due to bank charges high.

so far that i know about transaction fee in bank is high in my country, because i remember when i want to make withdrawal from my paypal to my account bank. its like about every $100 withdrawal need transaction fee at least $10, its just transaction fee, i don't know about the other fee and its really need almost 4 days before i can receive in my account bank.

but with bitcoin, i only sell it with my friend, then he transfer the money, all finish in just 5 minutes  Grin and don't need to worry about something and the best part is the transaction fee is only $1 every $100 in bitcoin  Grin

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September 08, 2016, 10:08:51 AM
 #73

There are a lot of banks that are using the bitcoin right now and there are a couple that want to start a coin, its pretty insane that they first hated on it and now want their own coin.
Its a sort of funny, the bitcoin is getting bigger and bigger and this is a big sign that it is getting bigger.
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September 08, 2016, 10:18:04 AM
 #74

How are you so sure that bitcoin protects our privacy 83%, about the privacy when banks adapt bitcoin then i can say that bitcoin from these banks are not anymore anonymous and saying the truth bitcoin is getting less and less anonymous.
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September 08, 2016, 10:26:15 AM
 #75

Headline and your topic have nothing in common. Headline that some banks, or all these banks now using bitcoin, but then you talk about privacy and prediction about future.
OP need to think again, and maybe change something here, cause this have no sense to me. What ever happen with bitcoin and banks will be seen in future, for now things are like they are. Everyone is checking bitcoin, and banks will try to tale some part in all this. How and when nobody know, they can easily make new coin, they have money for that, and they have means to push their coin into big markets.



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Rainbot
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Noctis Connor
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September 08, 2016, 11:13:54 AM
 #76

If we will have bitcoin debit card and will have a similar system to buy bitcoins then I think we do not need any bank as we are happy with that available system of bitcoin, as with debit I am very happy and I do not use my banks any more to withdraw my money.
Bitcoin has already atm machines where you can people easily withdraw or shop with your money , but im not trusting this kind of activity because for me using this and if the back or debit card hacked then your bitcoin or log in information in bitcoin would be stolen tooo and that RIP for us.
prabowo96
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September 08, 2016, 02:37:17 PM
 #77

i think i will be better if bank will accept btc .if bank will acceot btc then we don't need to use escrow system and loss in ttamsaction like 1% to buy sell at exchange site . this will be reduce into 0.5% or less .in this way everyone has the better opportunity for trading with less transactions loss

Do you know the transaction charges in bank is how much, if bitcoin is used by bank then they will also charge you for every transaction. i think you have never used your bank properly. Why bitcoin is getting so importance is due to bank charges high.
The bank just charge me $0.3 for every transaction is i made, and where is the differences?in bitcoin you will get a charge in every your transaction too.
             
 
At least my wallet don't have a monthly fee and well, using or not my account, at the end of the month, I'll have to pay that thing...   
Banks make a lot of money exploring users...

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September 08, 2016, 02:59:39 PM
 #78

Er.. It might be good for some people, but... Isn't privacy the point of having bitcoins? There definitely would not be privacy when making transactions through banks.

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drwtsn32
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September 08, 2016, 03:33:31 PM
 #79

I don’t think that Banks are going to adopt Bitcoin. Bitcoin is completely opposing banks with decentralisation. It makes no sense for banks to adopt a decentralised cryptocurrency. Huh After all, they do run on completely different ideas. It is like making friends with your archenemy!

Smiley

I agree. Bitcoin is supposed to be "freedom money". If it is going to be acquired by banks then it should not be called "bitcoin" but it should be called "bankcoin" instead.
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September 08, 2016, 04:20:57 PM
 #80

Now will you be happy if banks around the word adopt bitcoin?
yes I would be happy.

Will it be a Good-thing or a Bad one? Undecided Undecided Undecided
that's good, because it will be easier and safer to sell and buy bitcoin with fiat money and don't worry if you're abroad.
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