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Author Topic: When will a real BANK accept Bitcoin ?  (Read 3547 times)
finway
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November 06, 2011, 09:57:15 AM
 #1

Think about the "Send Bitcoin" button appears on the ATM, online account. Huh

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crawdaddy
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November 06, 2011, 10:08:42 AM
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Think about the "Send Bitcoin" button appears on the ATM, online account. Huh
Why would you want a "government bank" to hold your money?

"The only security men can have for their political liberty, consists in keeping their money in their own pockets".
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November 06, 2011, 10:24:37 AM
 #3

simple.

when the legal status of bitcoin is clarified in a positive direction.

Then bank start accept bitcoin.

They have no reason to do it before. They earn enough with their business as it is. Why accept before and risk the bank licence? For what? There is no reason to take that risk.

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November 06, 2011, 10:32:21 AM
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Why would you want a "government bank" to hold your money?

Most of the bank in America is owned by private shareholders. They are NOT "government" bank. 

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November 06, 2011, 10:36:02 AM
 #5

What are the odds that some offshore bank starts accepting deposits in bitcoins? What are there incentives for doing or refraining from this?

An off shore bank with an anonymous ATM-card would be heaven.
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November 06, 2011, 11:41:11 AM
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What are the odds that some offshore bank starts accepting deposits in bitcoins? What are there incentives for doing or refraining from this?

they risk no bank licence. and they can (they must not plan it but they can do it always) run away with all bitcoins. so for a offshore bank with small traditional income bitcoin is perfekt.

its a chicken & egg theme...

i would not trust a offshore bank, just for some % rent and not anymore responsible for my wallet.dat.

if someone has this trust, its ok for me. i say good luck to him. have a nice time - but dont cry in my ears if it fails.
 

An off shore bank with an anonymous ATM-card would be heaven.

yes that would be fine. instant bitcoins, no risk.

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November 06, 2011, 01:22:22 PM
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Why would you want a "government bank" to hold your money?

Most of the bank in America is owned by private shareholders. They are NOT "government" bank. 

Ok let me rephrase. Government controlled banks.

"The only security men can have for their political liberty, consists in keeping their money in their own pockets".
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November 06, 2011, 01:38:27 PM
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Why would you want a "government bank" to hold your money?

Most of the bank in America is owned by private shareholders. They are NOT "government" bank. 

Ok let me rephrase. Government controlled banks.

Never probably, it's no in their interest, maintaining the actual status quo. You would kill yourself one day if the life of your human fellows depended on it ? Please note the government we have in our times works more like a machine, based on rationale not feelings.

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November 06, 2011, 02:01:22 PM
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I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.

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November 06, 2011, 02:07:22 PM
 #10

I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.

do you ever think mtgox would go this route?
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November 06, 2011, 02:12:53 PM
 #11

I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.

that would give bitcoin a boost !

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paraipan
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November 06, 2011, 02:22:41 PM
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I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.

that would give bitcoin a boost !

physical banks don't like competition or what we call "free market"

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November 06, 2011, 03:15:52 PM
 #13

When they have already lost the "war" (which hasn't even begun).

Bitcoins are a threat to their ability to siphon money from the economy through both inflation and fees.  They will never give up that never ending revenue stream.

So expect them to attack it both in public opinion and legislation if it becomes a threat.  I mean an all out offensive involving talking heads spreading FUD in nightly "news", paid lobbyist getting crooked politicians to make it illegal/difficult.  Maybe even actively orchestrating bitcoin scams, ddos attack, and direct attacks against the blockchain to show the public just how unsafe it is.  Modern fractional reserve banking is a license to "print money" at the expense of everyone else in the economy.  A giant money funnel where wealth transfers only one way.  People are insane if they think they will give that up.


If a bank starts accepting Bitcoins it means we have already won and further resistance by the banks is futile.
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November 06, 2011, 03:20:25 PM
 #14

................................

If a bank starts accepting Bitcoins it means we have already won and further resistance by the banks is futile.

+1  Cheesy

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November 06, 2011, 03:41:19 PM
 #15

http://www.moneytrendsresearch.com/goldman-sachs-threatens-small-community-bank-for-banking-with-ows-protestors/  Shocked

Some of those small community banks will soon have to choose a side. Some will go the Bitcoin route. Lips sealed


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Immanual Go
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November 06, 2011, 04:06:54 PM
 #16

I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.

do you ever think mtgox would go this route?

It would cost them millions to fix their fucked up system to play by the rules. I think they prefer the wild west ways where they can do what they want.

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November 06, 2011, 08:24:49 PM
 #17

................................

If a bank starts accepting Bitcoins it means we have already won and further resistance by the banks is futile.

+1  Cheesy

We are the BitBorg.
Abolish your currencies and surrender your banks.
We will add your economical and technological distinctiveness to our own.
Your economy will adapt to service us.
Resistance is futile.

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November 07, 2011, 01:26:54 AM
 #18

I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.

do you ever think mtgox would go this route?

I think it is possible that any of the exchanges could do this,  but it takes A LOT of money.
At this time,  I doubt any of the exchanges have enough money to do this.

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November 07, 2011, 06:30:48 AM
 #19

I think geting a Credit Union to accept/exchange bitcoin would be more likely.

Of course, they would still have license revocation concerns.


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November 07, 2011, 01:27:36 PM
 #20

That's like asking when will a real blacksmith start making sport cars. In the US, banks have no constitutional basis for existence. There is no reason that Bitcoin could not be adopted as official currency. It can be legally issued by the Treasury department simply by registering addresses.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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