Leickens (OP)
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July 12, 2017, 10:01:13 AM |
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What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.
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unamis76
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July 12, 2017, 10:26:07 AM |
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We already trusted our banks as an escrow, and look where that led us... What you're saying is impractical and would essentially be going back in time to what we had before Bitcoin.
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warrior333
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July 12, 2017, 10:36:12 AM |
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I don't trust banks. They are also inflation do nothing else. I think that does not need any bitcoin Bank. For me, it is quite safe e-wallet to store coins. Earn coins better work. All interest on deposits offered by banks eventually inflation eats.
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bitbunnny
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July 12, 2017, 10:46:24 AM |
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I don't trust banks. They are also inflation do nothing else. I think that does not need any bitcoin Bank. For me, it is quite safe e-wallet to store coins. Earn coins better work. All interest on deposits offered by banks eventually inflation eats.
Many.of us don't trust banks but for majority they are still inevitable. And despite the strong fight against cryptocurrencies at the begininig they hav also realized their value and that they can make profit on it, especialy Bitcoin. Some are already experimenting with Bitcoins and in the future some of banks will also offer Bitcoin related services. |
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AiWanChu
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July 12, 2017, 10:55:04 AM |
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we need banks so we can buy our bitcoin but not to control bitcoin  |
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davis196
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July 12, 2017, 11:24:30 AM |
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What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.
The blockchain will replace all the banks and their transaction serivces. The blockchain is the new global financial system.We don`t need bankers anymore.They are parasites. This is just my opinion.OP,your should change the title of your thread. The question is a little bit confusing. |
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Pubg_man205
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July 12, 2017, 11:24:40 AM |
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I think that in the future, bitcoin will be used by banks in parallel with ordinary money, complementing them. Maybe they will do it even so that they can be used without the Internet.
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JimmieA
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July 12, 2017, 12:22:52 PM |
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It is possible, but if so, btc will definitely have to make changes and probably no longer the btc's current features are decentralized, anonymous, etc. But the user definitely does not like btc to be concentrated in a system.
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masterbt
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July 12, 2017, 12:39:12 PM |
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Banks are already started to invest in their own coins. So, it is tough for us to get a same ecosystem here in bitcoin under their watch.
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Red-Apple
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July 12, 2017, 01:03:39 PM |
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who said it won't?  if bitcoin becomes more adopted than this and the countries continue regulating it as they are right now, soon we will need the services that banks offer. besides what do you think something like Coinbase is? it is not a bitcoin wallet. it is in fact a bank! it just has not yet offered all the services a traditional bank offers. services such as loan, credit cards,... |
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CryptonomyCapital
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July 12, 2017, 01:28:31 PM |
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The Russian and Kazakh central banks are already engaged in the introduction of crypto-currency into financial systems. Over time, banks will operate on them.
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Oceat
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July 12, 2017, 02:19:51 PM |
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It is possible, but if so, btc will definitely have to make changes and probably no longer the btc's current features are decentralized, anonymous, etc. But the user definitely does not like btc to be concentrated in a system.
Yes it could possibly happen soon but i don't know how the people would react to its sudden changes, specially if the unique characteristics of bitcoin is being change such as the anonymity of it. Bitcoin really need a lot of work to cope up the fast progressing technology in our society. I think it's not that bad to operate the bitcoins by bankers, i know some banks is accepting bitcoins. |
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elite3000
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July 12, 2017, 02:21:49 PM |
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But I don't think Bitcoin will be operated by banks in the future  They will choose Ethereum or Ripple or something alike |
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BCTalkaccountforsale
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July 12, 2017, 02:27:55 PM |
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I think that in the future, bitcoin will be used by banks in parallel with ordinary money, complementing them. Maybe they will do it even so that they can be used without the Internet.
I do not think future bitcoin will be active in the bank, because the bitcoin's freedom can not be allowed in the bank and I think bitcoin will never be able to operate in the bank. |
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Kprawn
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July 12, 2017, 02:31:45 PM |
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The Russian and Kazakh central banks are already engaged in the introduction of crypto-currency into financial systems. Over time, banks will operate on them.
Let me tell you what banks want to do with Crypto Currencies : They want a Coin which they can control centrally and access will be strictly monitored and controlled by them. {As is being done with KYC/AML regulations now} All your tx's will be linked to your identity and eventually their version on Bitcoin, will replace Fiat {cash} The supply will also be manipulated by them. This is coming ....be ready for it.  |
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mobnepal
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July 12, 2017, 02:35:01 PM |
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Bitcoin will never be accepted as way to deposit in any bank in near future because banks need to verify source of every bitcoin/money people will deposit but bitcoin transactions can't be tracked down.
Although banks have already started developing blockchain based ledger system for their banking system which you can claim as influence of bitcoin's growth.
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Xavofat
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July 12, 2017, 03:03:17 PM |
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who said it won't? if bitcoin becomes more adopted than this and the countries continue regulating it as they are right now, soon we will need the services that banks offer. The service that a bank provides is the ability to access your physical cash as "digital money" - a number in a bank's database. This is because earlier systems of digital money required an intermediary to be spent conveniently. Bitcoin changes this. That's basically the whole point of its existence. You can have access to your coins as if it were cash, and have full sovereignty of funds. It's suicidal to suggest going back to the days of banks. If you want a loan, you would get it from a regulated loan company and most likely have to give your personal details to them. That's okay, but your bank doesn't have to have full control over all of your possessions and money. it just has not yet offered all the services a traditional bank offers. services such as loan, credit cards,...
Loans are how banks create money. New money is introduced into the economy because banks make it up out of thin air to give it as loans. Real loans would be giving out money which actually exists. As for credit cards, they are just a means of encouraging people to go further into debt so that more debt-based money can be created and sustain the economy. |
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xFiber
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July 12, 2017, 03:11:06 PM |
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You're never sure really when it comes to this kind of business. But for a fact I know that bitcoin is ten times (probably more) safer than the mainstream banks. A couple years back a bank went bankrupt, my aunt was a member there, and she ended losing quite a bit from her savings. So even if bitcoin doesn't turn in what it was supposed to be it's still better than the mainstream banks.
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Ayers
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July 12, 2017, 03:16:02 PM |
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What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.
what are you trying to say my friend, your post look confusing, with random words, bitcoin have nothing to do with bank, but bank can buy bitcoin and give you itnerest on deposit, i think this is a legit thing that can be real in the future, but not something that you need for bitcoin,w e can live without banks |
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NJB18
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July 12, 2017, 03:24:52 PM |
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What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.
We don't have the same way of looking at things bro. I respect your perspective though. It is a bit too much to say that cryptocurrency is indispensable in this world. I think people learned to embrace it but not to the extent that we cannot go on living in this modern world without crypto. And banks becoming escrow members? A big NO NO! That would be very hard to imagine. |
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