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Author Topic: So I told my banker about bitcoin  (Read 1515 times)
audaciousbeing
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January 25, 2019, 02:37:09 PM
 #21

My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.

I think this is more about the generalizing based on your own personal experience with your banker. The point is, the quest for knowledge is based on the individual ready to go beyond the normal in acquiring the right amount of information. The crypto community is made up individuals in every field. Lawyers, accountant, software engineers but truth be told, we will still have people in those professions that have either not heard about crypto before or they have heard but have formed an opinion about it without taking their time to acquire the right info.

Cash won't leave us at least not totally and there is no point exaggerating what is likely not possible.
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January 25, 2019, 02:52:03 PM
 #22

Creating bank accounts is quiet easy due to faithful assistance of banks employees. It won't be hard most specially if you can read and write. Your  understanding and comprehension matter to keep your banking secure. People can give you choices and opinion about some of crypto but with your permission they can move into another level to create your crypto accounts and whatever. Don't easily trust it would be good to ask few important questions.

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January 25, 2019, 02:52:20 PM
 #23

you didn't told your banker that bitcoin is 10 years old already.

its fairly new but its old enough that they should start learning before they'd be left behind  like the old man maniac who just learned he can watch free porn on the internet.  
i don't however believe fiat is going to disappear in quickly but maybe 10 - 20 years later.

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January 25, 2019, 03:05:37 PM
 #24

Well if you ask a banker about bitcoin , his instincts will be to defend the banks and make a bad impresion about bitcoin because in his mind he's afraid that banks will loose to bitcoin at some point and guess what , he may be right. I don't say bitcoin will collapse banks but for sure it will implement some new rules among monetary systems along the world.

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January 25, 2019, 03:07:52 PM
 #25

My bankers told me

"My car dealer told me that people will always use cars". Any resemblance?

Of course the banker will tell you that people will always use their services, for whatever reasons. They may be right or not, but it doesn't matter. Their opinion is not impartial.
Bitcoin indeed is not a threat for them in the next years. How many? It depends on far too many factors. But never say never.


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January 25, 2019, 03:14:46 PM
 #26

some of my friends have experienced it like that, they from the bank gave questions about activities that customers did so they could get that much money and my friends told me about bitcoin, after that my friend could not save money in that bank because he was accused of laundering money with bitcoin.
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January 25, 2019, 03:30:57 PM
 #27

Well that is quite obvious isn't it because  bitcoin or lets say cryptocurrency, in general,  is an open source community and people have to make some effort to learn about what it is.
Only then will people understand the benefits about it. Bankers do their job and get paid for it while cryptocurrency enthusiasts make their own profits through cryptocurrency.
I believe both are better in their own way and both has to survive on it's own. Only thing that differ is the technology behind it and that is what matters.
The future is all about technology.

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January 25, 2019, 03:35:21 PM
 #28

Again, fiat and bitcoin are not same.

Bitcoin is investment tool but it has the advantage as same as fiat so when you're talking with the banker, you're just offering gold over fiat to replace their transaction !

Smiley
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January 25, 2019, 04:53:05 PM
 #29

My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.

It's funny but I also had similar experience.
When I tried to explain bitcoin and crypto to my friends they was very skeptic.
If some of them showed interest they will later give up after learning what they need to learn and do in order to use crypto.
People wants everything in easy way, don't have desire to make any effort.
I even talked with some friends in financial industry but received the same reaction.

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January 25, 2019, 05:00:35 PM
 #30

My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.
This is in fact an issue that I have seen myself, we think that the current generation is very tech savvy but that is not true besides using social media and using google they do not really understand how their smart phones can be used so they can get the maximum benefit out of them, in fact I had to help several friends when they wanted to enable online banking on their smart phone so unless they are really forced to adopt bitcoin I do not see the current generation being capable of adopting bitcoin in a seamless way.
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January 25, 2019, 08:53:04 PM
 #31

This is a solid example that we experience very often. People older than 30s are not willing to join or invest which is called high tech. They mostly don't understand these things and they don't want to trust something they don't know. Bitcoin supporters and investors must spend special effort to make thme understand what crypto currencies offer.
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January 25, 2019, 11:57:00 PM
 #32

Banker is also human. At least they can also be interested in Bitcoin to keep up with the times. And naturally they are too busy to take care of many people, because every day there are new customers who make ATM accounts. In this case, you only need to continue to teach them in your free time and banker's free time to learn Bitcoin and how to use it.

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January 26, 2019, 12:17:38 AM
 #33

My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.

Hmm lets see:

  • Install Electrum
  • Create a new wallet
  • Write (in a piece of paper) the 12 words and store it in a very safe place
  • Introduce a pin code (twice) to protect it from strangers temporarily using your phone
  • Go to receive so you can show others the QR code of your bitcoin address (if receiving) or
  • Go to send so you can either input a Bitcoin address or scan someone elses QR code (if sending)

That wasn't too hard, wasn't it? Especially considering you will do the first 3 steps only occasionally. Ok, handing a piece of paper or metal to a person next to you is easier but, next time you want to send money overseas, you are going to love skipping all the wire transfer fees and time wasted.

Using Bitcoin, it takes the same time (usually under an hour paying minimal fees) and effort to send the equivalent of 10$ to the person next to you, or 10,000,000$ to another country...

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January 26, 2019, 02:49:18 AM
 #34

You are on point when you said that with bitcoin, you don't get the kind of personal customer service as fiat banking does. Just consider making a mistake and transferring bitcoin to a wrong address?  How can the bank help you, or how can the exchange help you?
These are strong issues that will keep fiat and banking for a longer time with us.

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ethereumhunter
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January 26, 2019, 02:55:22 AM
 #35

I think you need to teach your bankers about bitcoin and tells him that every of his client needs to know about bitcoin and they need to have a wallet to save their bitcoin. At least, they know how to make a transaction, and it's a simple process because that is the basis of learning bitcoin ever for every people.

The younger people in the age 20-30s, should aware of the new technology and I think they want to learn about bitcoin because they are too curious to find out about something new. I am sure that they want to know more about bitcoin, especially they can have a new way to make money from bitcoin. You can tell your bankers that if he wants, you can give some lesson about bitcoin and you can gather your bankers with his client, and I think it will help the adoption process in bitcoin.

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January 26, 2019, 06:52:49 AM
 #36

Of course majority of people even younger generation don't possess even considerable level of Information technology knowledge so to use bitcoin wallets by them self means nearly impossible and that is why majority of people don't even try to see what’s going in the digital currency world but for that to change there should be something to guide them like Banks and other financial institution does for their clients

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January 26, 2019, 06:57:39 AM
 #37

Well it's unbelievable that a banker at this point in time don't yet know about bitcoin and it's vast possibilities majority of cryptocurrency enthusiast from where I come from comprises of bankers
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January 26, 2019, 09:20:53 AM
 #38

Well it's unbelievable that a banker at this point in time don't yet know about bitcoin and it's vast possibilities majority of cryptocurrency enthusiast from where I come from comprises of bankers
They are not interested with crypto I guess, they have stick with their normal transaction and they do not consider crypto will disrupt this world.
People who sees the potential are only those who have also invested on it, and I think if crypto is going to be a success and adoption will skyrocket then maybe that will only be the time that they will be interested.

They will adopt with crypto but they still have the power to integrate crypto to their system and of course they will be willing to learn because they will benefit.

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January 26, 2019, 09:38:22 AM
 #39

My bankers told me, I need to help them to create an bitcoin wallet and hand it to them, and they’re too busy to learn it and it’s very difficult to use, they don’t believe cash would die, they deal with thousands of clients everyday who need bankers to create banking account for them, and they know a lot of people, despite having a smart phone, are not good enough to use the phone for simple online banking, they are only good enough to make phone calls with a smart phone, they don’t even know how to send texts to friends, they don’t believe their clients are capable to create their own bitcoin wallet and use it as cash, their clients would always come to them for help with their banking problem, and bitcoin didn’t provide any help as friendly as banker, it’s why it would fail to gain their attention. And more shockingly, they’re talking about their clients as young as 20-30s, they’re not gonna learn to use bitcoin, only a handful of very young people are tech savvy enough to use smartphone to their fullest, the rest of them are just like our grandma dealing with smartphone.
I think it is normal if someone don't know about something, not interested with it. Maybe it is happen to us before we know bitcoin yet. And then after we know benefit of bitcoin, we want to share it to everyone that we know. It's normally, but maybe it is better to let them know about bitcoin by themself first.

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January 26, 2019, 09:53:46 AM
 #40

Well it's unbelievable that a banker at this point in time don't yet know about bitcoin and it's vast possibilities majority of cryptocurrency enthusiast from where I come from comprises of bankers

indeed, we should tell bankers that all know that crypto is very beneficial for development and we can also get more knowledge from crypto.
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