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Author Topic: Banks and Bitcoins ??  (Read 559 times)
stompix
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November 27, 2013, 11:51:37 AM
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Most of people here hate banks , I can't go as far as saying hate , I just don't like them.
But I've seen lots of people , old and new on this board mentioning bitcoin as a bank killer.

Well , currently bitcoin is just the opposite , people are using banks to buy and sell bitcoins.
People who hate banks buy this bank killer via banks , and they do this by paying a fee. Ironic? , well it gets even more , remember inputs? or the current blockchain wallet?

Even if BTC replaces the usd or the euro or the yen , people will still flock to deposit their btc in a banallet (bank-wallet) owned by a third party.
Even with the fiat money out of the picture , people will still have to get loans. The solution? Banks.

I see the role of banks diminishing in the future and their impact on the economy also , but them to disappear? Never! Change name a bit of marketing and back in the picture.



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November 27, 2013, 11:56:28 AM
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Even if BTC replaces the usd or the euro or the yen , people will still flock to deposit their btc in a banallet (bank-wallet) owned by a third party.

Why would they? You definitely can, but unless you have total control over your wallet, it's not your money. I don't see much need for a bitcoin bank at the moment, online wallet (where you still have the wallet, service only stores the blockchain) - sure. Exchanges, definitely. Banks, as in services where you send your money to store them - have not seen any surviving long enough to prove useful yet.

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November 27, 2013, 11:59:01 AM
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Even if BTC replaces the usd or the euro or the yen , people will still flock to deposit their btc in a banallet (bank-wallet) owned by a third party.

Why would they? You definitely can, but unless you have total control over your wallet, it's not your money. I don't see much need for a bitcoin bank at the moment. Exchanges, definitely, banks, no.

Well , aren't they doing this right now? Or have done in one .io case which I want to forget? (not one of the victims).
Me too , I can't understand why people will trust a third party with something that is designed to keep you wealth safe from a malicious third party.

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