Re: UK banks' innovation render bitcoin pointless (?)

there is one thing that bank will not replicate ever and this is the only thing that makes bitcoin vastly better, decentralization and the full control over your wealth

not to mention charge back of 180 days, bitcoin is instant too but at least transaction are irreversible, yet for some this may be considered a bad thing but for many other it isn't

Normal people want to have chargeback since it is the only way you know that a merchant will send you what you have payd for. No bank or payment system made for mainstream use can work without chargeback.

yeah i know it's a form of warranty, but it's a double edge in the end, many maybe are not accepting bitcoin because of this exact reason and many other look at the opposite

the difference is bitcoin can actually solve both problem with escrow and multisig, with bank you have no choice, you're forced to follow their rules

And where do you find a escrow? If someone start up a escrow business they will have to register and do background check on all employees. That will cost money and we get even higher fees than we have today.

you cna have something like open bazar where escrow will work for free, it's not like you need plenty of time to be an escrow, you cna do it occasionally, in this forum for example there are many escrow that do not ask for anything for their job

you can start from trusted member here on bitcointalk

There is no trusted member on this forum. It is a buch of anonymous kids buying and selling accounts. I would never trust anyone here.

If normal people need an escrow they want to know who it is and be sure he has no criminal record. That will not be free.

then simply use a multisig, so you do not need to trust anyone, they can't run with the money, and you're safe like with a bank, which i find less safe nowayd due to high probability of bankruptcy

also if you can't trust no one, then you should not trust bank either, they are the first thieves