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Author Topic: Bitcoin wallet in bank?  (Read 6550 times)
mindrust
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September 22, 2016, 03:35:33 PM
 #61

Why don't you keep it simple instead of making it complicated? Do you really that eager to pay fees to banks? You don't need banks. Fuck banks.

You only need a  Harddrive. Or just a USB flashdisk.(for the wallet file) You don't even need those. Just write down your privatekeys and keep them in a safe place, that's it.
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September 22, 2016, 04:15:08 PM
 #62

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
Yes, it might happen. Just imagine coinbase gets license to run a traditional bank, what will happen ?
As you stated we will be getting a bank account along with bitcoin wallet. As long as bitcoin sticks with its core concepts, there will not be any problem for bitcoin community even banks will be having their own altcoin versions.

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September 22, 2016, 04:22:08 PM
 #63

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
Yes, it might happen. Just imagine coinbase gets license to run a traditional bank, what will happen ?
As you stated we will be getting a bank account along with bitcoin wallet. As long as bitcoin sticks with its core concepts, there will not be any problem for bitcoin community even banks will be having their own altcoin versions.

Getting your money on a bank is like the current situation: centralization. And that is exactly what bitcoin doesn't want. What we want is decentralization. Because yes why should a bank be the owner of your money? Decide how much you can deposit or withdraw? For a few cents interest a year, you are giving them a lot of power on your money. Think about that for a while and you will know what truly makes bitcoin worth your while.
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September 22, 2016, 04:28:22 PM
 #64

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
Yes, it might happen. Just imagine coinbase gets license to run a traditional bank, what will happen ?
As you stated we will be getting a bank account along with bitcoin wallet. As long as bitcoin sticks with its core concepts, there will not be any problem for bitcoin community even banks will be having their own altcoin versions.

not that many people use coinbase and surely not that many people even like coinbase. it is a good place to buy bitcoin only because it is easy and understandable for newbies who are technically challanged.

but real bitcoin users will never use coin base they will continue having their own wallets to stay away and independant of banks and the like.

nothing to see here...
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September 22, 2016, 04:37:57 PM
 #65

It's definitely possible that some day banks might accept Bitcoin deposits. Not sure they will actually have wallets for you to store your Bitcoins, the Bitcoins you deposit will probably be converted automatically to regular currencies. But it is also possible that they develop their own cryptocurrency instead of adopting Bitcoin.

even if that becomes possible someday, that bank will be something like coinbase. it means people who choose to use a bank instead of a normal bitcoin wallet will be forced to give up control of their private keys and their money (bitcoin in this case) and trust the bank to keep it for them just like what coinbase is doing.

the only upside to this can be possible profit that banks (unlike coinbase) will pay to deposits. but the downsides are a lot more.

I'm not sure why it's such a big deal that you don't control your private keys. Surely it's not because you're afraid Coinbase will run away with your Bitcoins? I mean keeping your money in the bank is the same thing isn't it, and banks don't steal people's money. Also your coins on Coinbase are insured against hacks and theft.
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September 22, 2016, 04:54:44 PM
 #66

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

Yes, i want that. Bitcoin wallet and bank can coorporate together. I'm sure many people want this too. It might be happen, if banks start accepting bitcoin as a currency. because bank is still not accepting bitcoin nowdays.
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September 22, 2016, 05:11:49 PM
 #67

Bitcoin is an alternative to fiat currencies.
Banks are only interested in fiat at this point in time.
It would be interesting to see a bank start accepting cryptocurrencies, but its not going to happen any time soon, because Bitcoin is a competitor, and they are not going to promote a competitor.

Maybe we will eventually see some local credit union start accepting Bitcoin or some other coin.
But I don't think that will happen for a while.

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September 22, 2016, 05:33:35 PM
 #68

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
Firstly,the concept of having a bank is really against the principles of bitcoin.Secondly,if a bank is in control of your wallet,how's that "your wallet" again ? Technically,that's centralizing the chain.I could further disagree with every line in the post which has the term "Bank" in it.The reasons are too detailed to explain in one post.The rumors you're hearing maybe true but that is not bitcoin,it will be a centralized digital currency and the transactions won't be open to public but the bank authorities.


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btvGainer
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September 22, 2016, 09:13:46 PM
 #69

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
If that happens,it will kill bitcoin.The whole idea of bitcoin is currency without any middlemen.If you need bank to create a wallet,your bitcoins will no more be anonymous.Some banks are considering to adopt blockchain but I dont think any Bank will accept bitcoin

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September 22, 2016, 10:06:26 PM
 #70

Soo you wanna to banks allow you to deposit your bitcoins at them? For what to they control and know how much money you made over crypto world, or to have to wait business days to be able to moove your coins, or to you request the banks to moove a big ammount out from the wallet, this is insane my bank its blockchain wallet, i dont need any other between me and my bitcoins.


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JeffBrad12
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September 22, 2016, 11:04:24 PM
 #71

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
If that happens,it will kill bitcoin.The whole idea of bitcoin is currency without any middlemen.If you need bank to create a wallet,your bitcoins will no more be anonymous.Some banks are considering to adopt blockchain but I dont think any Bank will accept bitcoin
Bitcoin will lose their characteristic and other from that the bank will try for putting a task for their customer and that is will be worst things in my mind because bank having possibilities for making any intervention in the system of bitcoin.

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September 22, 2016, 11:51:15 PM
 #72

When the governments will approve bitcoin and they will allow their banks to accept bitcoin then the banks will create their own wallets and they will invite people to create a wallet with them to continue working with bitcoin in their banks.

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September 23, 2016, 01:21:55 AM
 #73

Bitcoin is an alternative to fiat currencies.
Banks are only interested in fiat at this point in time.
It would be interesting to see a bank start accepting cryptocurrencies, but its not going to happen any time soon, because Bitcoin is a competitor, and they are not going to promote a competitor.

Maybe we will eventually see some local credit union start accepting Bitcoin or some other coin.
But I don't think that will happen for a while.

I also do not think they will do this anytime soon , I really hope they will of course but the chance is just so small, maybe in the future there are some chances.
Banks are already busy with their own coins these days.
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September 24, 2016, 03:10:23 AM
 #74

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

I really don’t believe in this story. The decentralization of crypto currency is a strong opposition to the current banking system.

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September 24, 2016, 03:35:44 AM
 #75

We don't need bank from bitcoin, as long as the decentralization of bitcoin is existing. Because once bitcoin is being at-touch with the bank it is no longer a good idea at all. The meaning of bitcoin will be change at once.

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September 24, 2016, 03:47:00 AM
 #76

Bank might have idea to do that in future, but i think it'll be massive failure.
Only few people who would use centralized wallet these days, so i doubt there'll even less people who would use bitcoin wallet in bank.

I think they only can offer instant bitcoin sell/buy and use blockchain technology.

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September 24, 2016, 06:29:51 AM
 #77

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

according to threads and post I read on this forum, banks will not support bitcoin because bitcoin system is far different from bank system. so people just say that probably banks will create their own coins, but I didn't see what their efforts to create coins yet. imo

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September 24, 2016, 06:17:08 PM
 #78

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

I think it unlikely that banks accept deposit bitcoin someday.

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LoyceV
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September 24, 2016, 06:27:25 PM
 #79

Two weeks ago a Dutch bank posted on their website that it was going to release it's own bitcoin wallet, running within the normal client banking environment.
They quickly took down the page, claiming it was an experimental idea from a few years earlier.

Personally, I don't want it. The whole point of bitcoin is being in control. I'd love to have more financial services without banks, stocks for example.
I've been thinking about "stockchain" for a while. Wouldn't it be great if a company sells stocks, but instead of buying them through banks/brokers, you buy them on a blockchain. Just keep the wallet or your private key long term, or you can sell them, give them away, pay with them, or even gamble with stocks directly.
A blockchain ETF with very low cost could have amazing possibilities. I should create a topic for this Smiley

subham1
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September 24, 2016, 06:34:56 PM
 #80

Why you need to complicate things alot and what is the need to do that.Bitcoin wallet doesnt need a bank because because are not like paper money or they are not physical currency.Bitcoin wallet is itself like a bank of bitcoin and i dont see that ever happen.
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