Bank moving towards bitcoin soon?

[kryptqnick]

Well, I don't know about gold but I believe OP on that. China is hugely known for its mining farms. I remember that a few months ago there used to be many threads on this topic here. That China is conquering Bitcoin and can even destroy it, becoming a monopolist. Russia is known for making quite good TV programmes about Bitcoin. Maybe, if they buy gold, they do it for people to start using Bitcoin?

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[prabowo96]

Well, I don't know about gold but I believe OP on that. China is hugely known for its mining farms. I remember that a few months ago there used to be many threads on this topic here. That China is conquering Bitcoin and can even destroy it, becoming a monopolist. Russia is known for making quite good TV programmes about Bitcoin. Maybe, if they buy gold, they do it for people to start using Bitcoin?

How China can destroy Bitcoin?
Buyer just help to the price goes up, and well, if they don't use it, just old, sometimes they will have to sell and the price will go down again, China is a big country, how many people are on this? 0,01%

[Barbut]

World economy will crash eventually, in last 15 years we saw couple crises, but next one can he big crash.
Chances for world to move on digital currency are pretty realistic to me, that will not be in same moment in all world, but if we see few states adopting digital currencies that can start new trend in world.
Gold is gold, big countries will always invest in that, I think that some big countries already invest in bitcoins or some alt coins, but of course they do it secretly. How would they explain in what they are investing to taxpayers.

[ipanks]

i don't think that bank moving because of bitcoin, maybe bank is interesting with blockchain technology because is decentralized and bitcoin offers many benefit for user.

[20kevin20]

In a short answer, I'm going to say it's impossible. It means other corporations moving towards Bitcoin, which is anonymity. Governments will NEVER agree with this idea of being anonymous.

[abugseuf]

yes i think very soon banks are going to accept bitcoin for transaction as well as for depositing purposes and that is only possible when banks will  introduce walllets for bitcoin where people will deposit bitcoin as they deposit fiat currency in their banks.

[Yakamoto]

China and Russia are investing in gold big time and it seems like global market crash is coming very soon. check the news. What are the chances everyone move to digital money?

China and Russia are investing in gold partially because the world economy is going to shit and there is a high likelihood that fiat money will become worth far less than it is valued at now very soon. It is unlikely this will be a catalyst to move a majority of the world to digital currencies, and it is more likely we will see a continuation of fiat in some form or another, unless something happens.

[Selly Arumsari]

China and Russia are investing in gold big time and it seems like global market crash is coming very soon. check the news. What are the chances everyone move to digital money?

I am not sure that the bank will move to bitcoin but if it is true then it is a great thing

[Mastsetad]

yes i think very soon banks are going to accept bitcoin for transaction as well as for depositing purposes and that is only possible when banks will  introduce walllets for bitcoin where people will deposit bitcoin as they deposit fiat currency in their banks.

And you think people would do that? Not at all, lets suppose, if you have the option to keep your money at home which will be as safe as kept in a bank, then won't you choose to do that rather than giving them in a bank? Ofcourse you will, so if people can already keep their bitcoins with them without letting anyone know about it why would they like to keep their coins in a bank wallet which will be in control of them?

[Daffadile]

China and Russia are investing in gold big time and it seems like global market crash is coming very soon. check the news. What are the chances everyone move to digital money?

The one lot of banks here trailed bitcoin privately and tested it but they didn't use it and I'm unsure why. THey never disclosed this.
I don't think it is suited for banking since it is not designed that way and will never be used that way. So I am not surprised they banks didn't want to use it. Bitcoin is for the people not greedy corporations.

[Indrawan77]

I think is quite possible,  because crypto currencies has become a hit lately, and the feature that crypto currencies is very suitable for their needs and usage which is anonymity and unlimited transaction, and because bank can't provide these two main feature i dont think the bank will adapt or merge with bitcoin soon

[genos]

yes i think very soon banks are going to accept bitcoin for transaction as well as for depositing purposes and that is only possible when banks will  introduce walllets for bitcoin where people will deposit bitcoin as they deposit fiat currency in their banks.

And you think people would do that? Not at all, lets suppose, if you have the option to keep your money at home which will be as safe as kept in a bank, then won't you choose to do that rather than giving them in a bank? Ofcourse you will, so if people can already keep their bitcoins with them without letting anyone know about it why would they like to keep their coins in a bank wallet which will be in control of them?

May be bank wallet will give the bitcoin owner guarantee of security. And I agree that it will make bitcoin dissemination goes further. Unfortunately bitcoin transaction is still need a few minute now. The customer will get litle bit borring to wait the transaction finish. But I am sure that the concept of bitcoin is what the future need.

[xIIImaL]

I think is quite possible,  because crypto currencies has become a hit lately, and the feature that crypto currencies is very suitable for their needs and usage which is anonymity and unlimited transaction, and because bank can't provide these two main feature i dont think the bank will adapt or merge with bitcoin soon

Why not buddy, I think you haven't read the news from citi bank of new york. Citi bank completely agrees that bitcoin would be more profitable and added benefit banking. Its a official news from the citi sector. You can google it and find that information.

[~Bitcoin~]

yes i think very soon banks are going to accept bitcoin for transaction as well as for depositing purposes and that is only possible when banks will  introduce walllets for bitcoin where people will deposit bitcoin as they deposit fiat currency in their banks.

This is quite unlikely to happen in near future, why would bank gonna allow direct deposit of bitcoin and withdraws as they can't keep track of the source of funds and even if they will allow this they will implement heavy limitation on amount you can deposit or withdraw via bitcoin.

Banks need to keep track of all the incoming and outgoing transactions to comply with the national/international financial acts and accepting bitcoin will make them unable to do this. But you can see right now also, they can't stop people funding bitcoin trading platform with direct bank deposit to buy bitcoin as well as people using bitcoin debit cards to withdraw their bitcoin from any visa/mastercard accepted ATM machines.

[Hazir]

Yes most banks have decided to use block chain mechanism used in Bitcoins because of its high security.They find it worthful to save details in block chain mechanism

Dislaimer: blockchain of bitcoin network is secure because it is backed by huge decentralized processing power.
Do you think that private bank's blockchain with processing power of couple dozens of server station will be secure?
It will be nothing more that glorified database.

[pooya87]

Yes most banks have decided to use block chain mechanism used in Bitcoins because of its high security.They find it worthful to save details in block chain mechanism

Dislaimer: blockchain of bitcoin network is secure because it is backed by huge decentralized processing power.
Do you think that private bank's blockchain with processing power of couple dozens of server station will be secure?
It will be nothing more that glorified database.

i think that is their goal! or at least some of them are like this.
they are not looking to adopt bitcoin.
they are not looking for replacing bitcoin with their coin.
whenever i read something with banks and bitcoin, they are only saying "we love blockchain [technology]" and they want to adopt the technology to make their own internal transactions more secure and easy.

[Kakmakr]

The irony is, a few years ago I had a argument with a investment banker and he told me Bitcoin or the Blockchain will never disrupt the banking service, because the banking service will adapt to the threat. This was long before the R3 group decided to steal the technology.

His words stayed with me for years and when I saw Mike Hearn being recruited from Bitcoin and the trash talk that happened after that, I realized how ruthless these bankers will be, to retain control of the worlds finances, with the help of our governments.

We have handed them a technology to make even more profits to exploit the poor and middle class. The true disruption would have only been possible, if Satoshi had patented the technology and all intellectual property rights belonged to him or her or them.... whoever they are. ^hmmmmm^

[iam2good]

It is very llikely bitcoin will take the position of bitcoin.

[jossiel]

It is very llikely bitcoin will take the position of bitcoin.

I don't think so, banks will still take over and control the flow of bitcoin on a certain country. But they won't able to control the price of bitcoin.

Unless they are going to create their own exchange site and policy for the value of bitcoin for their country.

I hope this won't happen.

[iv4n]

It is very llikely bitcoin will take the position of bitcoin.

Nice comment! Probably even you don't know what you wanted to say with this, " very likely bitcoin will take position of bitcoin". You are really 2 good, how much time you needed to write this piece of art?

Bank will never turn toward bitcoins, I just don't see what kind of roll they can play in bitcoin community. Banks can only try to come into blockchain on other way, or to just be investment company like we see on the internet. But I don't trust them, so what ever they decide to do I hope they will not succeed.