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Author Topic: Bitcoin vs Bank  (Read 1217 times)
kawetsriyanto
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May 13, 2026, 11:20:13 PM
 #161

As I said, bitcoin is unlikely to become a bank in the traditional sense. Banks are institutions that provide a wide range of financial services, not just simply savings account as many people think. However, most people’s demand for banks is still mainly to deposit savings.
Yep, I agree with your assumption. I also think that Bitcoin won't be like a bank. My statements just supported your assumption.  Wink
Sure, banks is for saving. People are aware about it, they know that storing money into banks is a king of saving. They won't expect for profits.

When we store and fully control our own assets. This means the responsibility falls entirely on us. Whatever happen to our assets, we own it.
Indeed. we have the responsibility of our assets fully because we manage it ourselves. The decentralization system enables us to manage it in our own way.

Asset may increase or decrease in value.  Asset as we know is something that one holds that has value.  Although we wanted our asset to increase in value, an item that is devaluing over time can still be considered an asset.  So not because the fiat deposited in banks is decreasing in value, it is not an asset anymore, it is still an asset called depreciating asset.
I'm not really sure what your point is. However, in my understanding, it can be called as an asset if it possibly raises its value. It is different with money that it always drops its value from time to time. So, I personally can't assume it as a kind of assets.


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TokenTikas
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May 13, 2026, 11:58:10 PM
 #162


Therefore, Bitcoin can still serve as a bank for those who want to store their value instead of relying on traditional bank.
Yes, people have become much more updated and aware nowadays. They are no longer solely dependent on banks because many are choosing bitcoin as an alternative to traditional banking systems. The kinds of problems and complexities that exist in the banking sector are not present in bitcoin. Bitcoin can be stored very easily, if the private keys are kept safely, that is enough to ensure security.

According to current trends and surveys, the popularity of saving money in bitcoin instead of relying on the banking sector is increasing day by day. People are choosing bitcoin as a place of trust and security. Therefore, I agree with you that bitcoin is now functioning in a way similar to banks.

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May 14, 2026, 12:40:14 AM
 #163

[...]
Banks function in manner of permission and control, Bitcoin works as Self-Sovereign alternative. Security is not something that is promised by company, it is modern day version of a personal vault without involvement of third party, it is all about private keys.

Bitcoin is not simply like a bank. It is upgrade to Settlement Layer of global economy. As trends and surveys indicate, assets that cannot be debased are being sought after and people are disassociating themselves from Custodial Risk. It is important to note that, while Bitcoin overcomes transparency and accessibility issues, it is missing Safety Net found in traditional systems. This compromise marks dawn of new era in finance, where absolute freedom is achieved at cost of adopting Digital Hygiene practices to preserve wealth. Fact that Bitcoin is gaining popularity as savings tool is ample evidence that risk of self custody is less preferable than risk of bank driven inflation for many.

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Today at 10:00:03 PM
 #164

Maybe you have not heard about banks freezing people's bank accounts because of some flimsy reasons. Some bank customers have also complained of their funds being missing in the bank due to some fraudulent bank practices. There are also bank charges that could be very annoying which would lead to a reduction of your bank deposits. Bitcoin is not just a hedge against inflation, it gives people freedom to use their money anyhow you want without limitations.

Banks can do whatever they want with your money, because they're the "kingmakers" of the economy. All part of the corrupt, centralized financial system backed by mainstream governments. Most people don't even know about Bitcoin being true monetary freedom. They just buy and "hodl" with the hopes of getting rich in the long run. The masses consider BTC to be a store of value, not an alternative monetary system which challenges Fiat. It's why we're seeing the idea of a "Bitcoin Bank" surfacing these days.

Between Bitcoin and Banks, Bitcoin is a far better choice. But banks will win in the end, because they have the full support of the government. Hopefully, more people choose Bitcoin to cause a significant impact in Fiat's dominance. Only time will tell...

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Onyeeze
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Today at 10:59:59 PM
 #165

I don't really understand the Bitcoin bank you are saying, because from what I see the government does not really support Bitcoin being legalized into a technology that will replace the role of banking, in fact now Bitcoin is seen more as a store of value. so banks will still be empowered since they get full government support, meanwhile, we will only see that bitcoin will be a store of value or as an alternative to payments, not a digital banking like you imagine.
Agreed, Bitcoin was originally created as an alternative to a centralized financial system. And that was the main purpose of creating Bitcoin, but in reality, people are now using it most as a store of value, much like digital gold. Especially in countries where inflation is high or local currencies are weak, people are using Bitcoin to preserve wealth. The current world's governments and banking systems are still so strong that comparing Bitcoin to a complete alternative to banks is backwards and in some cases illogical. And if this happens too quickly, Bitcoin will lose its position.
people misunderstood why bitcoin were created that is why so many of them since bitcoin as a store value and also see bitcoin as a means of investment that we in which them why that wasn't the reason why bitcoin were created, the main reason why Bitcoin were created is because of exchange of goods and services using it as a global currency which is in decentralized form but people misunderstood the fact that Bitcoin wasn't created for investment are a store value as we may say

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