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

[maydna]

i give my vote to not open a bitcoin account at my local bank, because i would consider that bitcoin is my secret to make money, beside that i want to learn how to manage my bitcoin with myself so i hope it will useful to me to make decision when its time to save and spend my bitcoin.

[LeGaulois]

A Bitcoin account at your local bank would means banks are involved into bitcoin and the possibility of their influence in the market, ect, could be quite important. Wich from me would means the total opposite of the purpose of cryptocurrency
You don't want banksters having even 1% control about anything related to bitcoin, we don't need the rats on the boat

[eternalgloom]

A Bitcoin account at your local bank would means banks are involved into bitcoin and the possibility of their influence in the market, ect, could be quite important. Wich from me would means the total opposite of the purpose of cryptocurrency
You don't want banksters having even 1% control about anything related to bitcoin, we don't need the rats on the boat

In the scenario that you describe, how exactly would 'banksters' have any control over Bitcoin? Any entity should be able to trade Bitcoin, even banks.
My guess would be that if banks get into Bitcoin and start trading, prices would skyrocket.

[Omega Weapon]

Private banks might get involved into it but I dont see it becoming a success. Why would you put your BTC in a bank in the first place? May b for the interests and interest rates. If it is secure then I might give it a shot but there's a long way for that to happen. I dont see any banks showing interest as of yet. They might take a couple of years for BTC to become mainstream and then there might be this possibility.

Don’t underestimate how tricky banks can be, I think they are going to try to pull off the same scam they have always done, they will state they could secure your coins better than you and if they offer interest rates you can be sure there are going to enough fools that are going to fall for it.

[Mbah Slamet]

The bank account is sufficient, if it is open bitcoin bank acount was certainly no different with fiat money. With their bank would make bitcoin operations will depend on the bank, I think this is not effective.

[Rude Boy]

I would say no! Because, anonymity and decentralisation are the core concept of bitcoin. If a bank could provide me a bitcoin account, there's no point in using bitcoin. And why should I depend on a bank to create a bitcoin account? When I can create many accounts as possible I can create myself.

[Mastsetad]

Not at all. Why would i give my money to a third party for keeping them while i can keep them safe with me forever as long as i'm living. I don't need to involve anyone else in my bitcoins as i can't believe even the authorities to keep my money. Now we are compel to keep our fiat in banks as we have no other ways, but if there were a way to keep fiat as well like bitcoin then i'm sure everyone would have been doing that too.

[LeGaulois]

A Bitcoin account at your local bank would means banks are involved into bitcoin and the possibility of their influence in the market, ect, could be quite important. Wich from me would means the total opposite of the purpose of cryptocurrency
You don't want banksters having even 1% control about anything related to bitcoin, we don't need the rats on the boat

In the scenario that you describe, how exactly would 'banksters' have any control over Bitcoin? Any entity should be able to trade Bitcoin, even banks.
My guess would be that if banks get into Bitcoin and start trading, prices would skyrocket.

let's imagine for exemple all companies like kraken, coinbase, ect are owned by some holding companies owned by banks

[Pattart]

A Bitcoin account at your local bank would means banks are involved into bitcoin and the possibility of their influence in the market, ect, could be quite important. Wich from me would means the total opposite of the purpose of cryptocurrency
You don't want banksters having even 1% control about anything related to bitcoin, we don't need the rats on the boat

I agree with you, I will not do it. because certainly the bank could control your bitcoin and also account. and moreover they will know your identity, I think it was out of the anonymity of the bitcoin

[SMSabuj]

Yes, will open Bitcoin Account on my local Bank. Because, I can deposit my money and I will get my local currency for my need. So need a Bitcoin account on my local Bank. It's my personal opinion.

[d5000]

For now, I see not many advantages in opening a Bitcoin account at a bank. A normal bitcoin account is even safer than a Bitcoin bank account if secured properly, and loans can be obtained using Bitcoin-specific services - even descentralized ones.

The only advantage I can see is a Bitcoin-based debit/credit card, but technologically it should not be too difficult to implement a card-based payment system using only descentralized Bitcoin technology - the only problem would be adoption by points of sale.

[equator]

Yes, will open Bitcoin Account on my local Bank. Because, I can deposit my money and I will get my local currency for my need. So need a Bitcoin account on my local Bank. It's my personal opinion.

It is very easy to say yes, but do you know that opening Bitcoin Account in bank means you have to give your full details about yourself and what ever transaction you will do will be known by all of them, Then the difference between bitcoin and banking will be not same. I think you dont know fully detail about bitcoin technology.

Bitcoin wallet are itself a bank account so we dont need any bank account to safe bitcoins.

[geopolisch]

we can use banks if we need save for more safety.. because for me bitcoin wallet is not so safety

How you can be sure that banks will be keeping your bitcoins safely ? When banks with bulk amount of bitcoins will be able to safeguard bitcoins, why not as an individual comparatively with small amount, you cannot keep safely ?

I guess banks also will be using similar wallets what we are using right now, so we cannot expect any special safety from them.

[n691309]

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?

It doesn't make sense to open a bitcoin account at the local bank unless there is something extra such as new features linking with the current bank account, being able to spend the bitcoin funds through the debit/credit card and converting cash to bitcoin and vice versa. Another reason would be to extract the last 6months transactions that are needed for visa applications for some countries.

[numismatist]

Darn, my bank probably opens up for beeing "saviored" by tax money. They got an arsefull of legal liabilities left from housing bubble crashes.
No, I doubt I could built up a trust relationship with them again, ever. And seemingly Bitcoins meaning I don't even have to!