Quote from: kingcolex on July 18, 2015, 11:52:41 PM

Quote from: ransomer on July 18, 2015, 11:16:33 PM

Quote from: kingcolex on July 18, 2015, 08:35:12 PM

Quote from: Valence on July 18, 2015, 07:28:11 PM

Quote from: ransomer on July 18, 2015, 04:12:55 AM

A bank can use the blockchain internally to make it's processes much cheaper. And it has the consumer trust and insurance that people want that their money/btcs/ctcs are safe no matter what.

That's a joke right??

Wow I consider myself pretty young but you can really tell when someone is young on this forum, consumer trust in a bank. Yeah lets just pretend the whole bank bailout didn't happen and occupy wallstreet was just a small tussle.

I'm probably older than you. I guess the difference might be that I live in a country with bank customer protection and I have never in my life heard of anyone losing access to or having their money lost because of hacking, forgetting passwords etc.

Maybe in the country you are in customer protection is worse... but I actually think the real misunderstanding is that you refer to trust on a different level. You see banks as the root of all evil at a macro level... I might agree there (or I might not) but that is not what I was talking about.

My point was that normal people in a developed country like I live in trust the bank to keep their money safe... even if you (and some anarchists don't).

I am American, the thing is even in developed countries there is not a huge trust in banks, sure there is FDIC but I am not talking you put money there and it is still there. I am talking about banks manipulating markets and using your money to in the end screw you.

Yes, that's what I thought you meant.

If I had to chose between "you have money... and then suddenly you don't because you got hacked or something else - but at least banks and government never knew you had it, so they could not have ceased it or used it for their own purposes" versus "you have money... and you still do"... I'll trust the latter the most to keep my money safe (and I think the market currently is agreeing with me).

I can see some issues with the fed printing money and so on and on... and I see the point of bitcoin in challenging that system, but let's be honest - our own money also mean something to most of us.

..

But if bitcoins could be held safely in an easy way.... then the whole game changes...