[POLL] Would you open a Bitcoin account at your local bank?

[unamis76]

I wouldn't do this in any circumstance, it defeats the purpose of Bitcoin.

[thejaytiesto]

I say no because you can already have a bank account with fiat, then why would I want a bank account with bitcoin? the whole point of bitcoin is being your own bank and not needing third parties. If I need to interact within the traditional banking system, I can use fiat already, so I don't see a point in mixing both worlds.

[lorinchiotea]

yes. i would open but for small amounts like monthly overheads. it is already existing. however this bitconmania across internet has it s own misteries. it is just a business and not real currency. if it is so safefty as the fake japanesse says why there is such a risk for funds being stolen
 in fact in digital currency if they really want yhen each bitcoin has a serial number like real money have and can track all history where it cames and goes to. it s impossible that this has been forgotten unless the creators wants mess... bank will give more ideas ...

[ronaldo40]

lol, of course I would never do that. I think we already have savings fiat in the bank. then why should create an bitcoin account at the bank? This obviously will change the difference between bitcoin and bank. bitcoin comes with having a lot more benefits than banks. so that people could certainly make another choice when banks have problems. such as the case of Greece, the bank went bankrupt and they try to move to bitcoin.

[Dudeperfect]

I have casted my vote in favour of yes because I think banks can push bitcoin technology on next level which would take tremendous efforts for us as a community. I am not saying banks should control whole bitcoin technology but I would have no problem if some of my bitcoins are regulated by banks. I won’t mind if there is any breach in anonymity because I know I am not doing anything illegal and thus no issue if banks are giving my information to government.

[BurtW]

This thread almost perfectly separates the people who know and love what Bitcoin is and more importantly what Bitcoin can do for the cause of true economic freedom and privacy from those that are just ignorant immature sheep who fear freedom, fear taking control and responsibility for their own lives, fear privacy and through their own ignorance and fear will bend over and take it up the ass from the bank/government fractional reserve fiat monopoly money cartel again.

Ignorant sheep who state they will happily exchange their personal responsibility, privacy and true economic freedom for the illusion of security, the fantasy of gain through interest and/or the lie of "more convenience":

jerowacik     Supposedly a Hero Member.  Signature spammer.  Purchased account?
Shady
InvoKing      Supposedly a Hero Member.  Signature spammer.  Purchased account?
jacktheking  Supposedly a Hero Member.  Signature spammer.  Purchased account?
jossiel
Woodie
Juggy777
bitjoin
I Am Hero     No you are not.
NeuroticFish
Red-Apple
OliynyK
talkbitcoin
Carlsen        Supposedly a Senior Member.  Signature spammer.  Purchased account?
Pursuer
harizen        Supposedly a Hero Member.  Signature spammer.  Purchased account?
ashiqdey
requester
lorinchiotea
Dudeperfect   Supposedly a Senior Member.  Signature spammer.  Purchased account?

Bitcoin savvy freedom, privacy and responsibility loving intelligent individuals:

LTU_btc
bhadz
machinek20
calkob
sunsilk
Kakmakr
avatar_kiyoshi
aubert
SamMurphy
Wandering Soul~
romero121
isen
Oilacris
hasiramasenju
ETFbitcoin
stomachgrowls
BitHodler
electronicash
clickerz
Jeremycoin
CryptoDatabase
dothebeats
rajasumi2
carlfebz2
lol3c
darklus123
yayayo
Xenophoto
darklus123
Barbut
unamis76
thejaytiesto
ronaldo40

[eternalgloom]

Definitely no, since I wouldn't like to lose control over my funds and you'd probably have to pay fees to open an account.
I just don't see any benefits to it.

[Ryananda]

If the local bank received bitcoin sure I believe it will incur additional costs, and possibly the use of bitcoin will be constrained by the bank. So

if that happens I might not make it, because bitcoin is already well only with the wallet. Bitcoin wallet store use has been very good in my

opinion because we can organize and manage our bitcoin without interference by other parties.

[BurtW]

If you deposit your hard earned Bitcoins into a Bank you have lent your Bitcoins to a third party.

You have just accepted an IOU from the bank which states you "have" that many Bitcoins on account at the bank.

You can now write checks on that amount which other people can accept as payment.  Is a Bitcoin check in the amount of 1.2345 BTC to someone actually Bitcoins?  The answer is no it is not. It is a promise to pay the bearer Bitcoins.  You have just recreated the use and acceptance of debt as money.

Not only that you have just lent your Bitcoins to an entity (bank) whose entire purpose is to lend out your Bitcoins to someone else and make a profit.  Their entire purpose is to recreate the fractional reserve banking system.  Their entire purpose is to gamble with the Bitcoins you just lent them.  They have no choice.  It is their business model.

The second people start lending their Bitcoins to banks they have recreated the fractional reserve banking system.

The answer from anyone who really understands Bitcoins, loves Bitcoins, what they represent, why they exist, should not simply be "no I will not lend my Bitcoins to a bank in order to reproduce the fractional reserve banking system".  It should be:

There is no fucking way I will lend my Bitcoins to the fucking banking system so they can use my Bitcoins to recreate their fucking house of cards Ponzi scheme fractional reserve banking system.

Having said all that, it is inevitable that Bitcoin substitutes (bitcoin IOUs) will eventually be used for and accepted as payment and that the banking system will recreate a fractional reserve banking system using Bitcoins.  This is because most people do not understand the first thing about money, what it is, where it comes from and what purpose it serves - and most people are sheep being lead to the slaughter.

The difference with Bitcoin is that you can choose not to participate in their scheme to rape you.

For examples of sheep being led to the slaughter and/or asking to be raped again just read the next post and the many more before that and after that from clueless ignorant fools who do not even bother to read this thread or think before posting:

[Sharma]

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

I go for maybe option.I guess if i have lots of bitcoin and if it is legalized in my country, I would be happy to keep my bitcoins in Bank.Anonymity is not an issue for me as I dont have anything to hide

[1Referee]

No. I am happy that I have nearly 50% of my total wealth stored in Bitcoin, and thus outside the banking system. Whatever reward the bank will be offering me to store my coins there, I will never accept it. I rather don't gain anything, but have my coins under my own control, than earning a certain amount of interest, and me having to trust a third party with my coins. NEVER! Only empty headed people will see value in such an initiative from the bank. They are basically selling the biggest value that Bitcoin can offer them for a fake sense of security that banks offer, and also a shitty interest rate. Bitcoin gives them the option to enjoy financial freedom, but some noobs are dumb enough put this chance to waste.

The difference with Bitcoin is that you can choose not to participate in their scheme to rape you.

I like that one.

[amacar2]

I have voted for maybe because it is sure that i will not be as comfortable as i am storing my bitcoins in any local banks rather than in hardware or paper wallets. So on some occassion if i need to purchase or exchange small amount of bitcoin i will open a bitcoin account but will not use it to store my larger sum of bitcoin.

[ethereumhunter]

i would not open a bitcoin account at my local bank because it needs my details id for verification and beside that i already have a bank account for saving fiat so i think i don't have to open another account to save my bitcoin better i save it in my private wallet. bitcoin is about anonymous and every person have the right to choose what they want and can not be push by any other company or governments.

[piloder]

I will never gonna trust my banks with my bitcoin as they will be in full control of all my bitcoins in those bank's bitcoin account (if they have any in future). They can easily send, block, empty all bitcoins in time of investigation or if they got hacked. Banks are known for all the shady works behind the scene.

[jtipt]

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

No, that just destroys the point of using bitcoin. As you said yourself it would take away the anonymity which is one of the most popular reason why people use bitcoin, but more than it I don't want someone else to have control over my bitcoin yes it will be secure and all like Fiat is in bank but it would become more vulnerable a hacker would certainly look for hacking a bank than a person bitcoin wallet. 

[Digitalbitcoin]

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

Bank will make it can be a centralized whatever the ways is, can be sabotage and just can be a more profit for government. And I prefer to say no, because I have my own bank, so i  need to keep my bank secure from any malicious/suspicious things.

I agree. If Bitcoin will be authorized by any of government then it will become centralized which give more impact on characteristics of Bitcoin. Bitcoin is P2p currency with many of features such as anonymity, decentralization  etc.

If government interfere in financial institutions with centralized parameter then it can bring down trust and security which bitcoin already have.

[MONKEYJUNK]

So we use exchanges to convert the bticoin into fiat and this money go to a bank account, so I think most of us will use this feature.

The reason why people convert to fiat it's because they can't spend the bitcoins where they want, like paying bills and daily things like that, the day that it change will increase the btc price for sure because none will need to convert.

[NeuroticFish]

If you deposit your hard earned Bitcoins into a Bank you have lent your Bitcoins to a third party.

You somehow ignore that people already do that. Poloniex and other exchanges allow you to send your Bitcoin there and lend it, hoping that you'll get your money back and some extra.
The difference would be that banks are (unfortunately) privileged by the governments and (fortunately) the chance they'll steal your money would be smaller than at other businesses (exchanges).

Then the fact somebody keeps an amount of Bitcoin at a business (in this case a bank) doesn't exclude the fact the same person keeps some in cold storage, some on local wallet, some at exchanges/trading and so on. People that want to earn money will try to make them work.

While you are right that keeping money on another businesses is wrong, you forgot that this already happens. The difference is that they are not called infamously "banks".
While you are right that working with "promise to pay", you didn't think that bigger exchanges can already do that. Do you really think that all of them are nice an keep all the money in cold storage instead of "make the money work" for them?

So I find your logic flawed. All the problems you stated, while real, already happen even without the banks getting a share of it.
But I will not call you names.

[Catmony]

Creating bitcoin account on local bank = giving your bitcoin in hand of banks/governments who keep on investigating you if you store even 1 bitcoin or receive higher amount of bitcoin in your account.

And they will immediately freeze your bitcoin, so there will be no point remaining of using bitcoin wallet rather than paper money and banks.

[sportis]

    The banking system and the technology behind bitcoins community is the day and the night. In the first case someone gives confidence to the financial system, gives his money to a third  party (bank system). Bank is  aware of what you do, he knows your transactions he can freeze your money if you don't use it like system wants to do. Furthermore, if bank system wants they can 'haircut' your savings. Searching to find the most recent country where banks haircut the citizen savings to save the damaged banks.

On the other side blockchain technology only 9 pages of a paper https://bitcoin.org/bitcoin.pdf gives you freedom.


So The poll question could be 'Do you want to put the wolf to guard the sheeps ?'

Of course No