Ninjastic
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Board Bitcoin Discussion
Re: Future of Bitcoin
by
Zomdifros
on 01/04/2013, 02:10:07 UTC
Quote from: bg002h on April 01, 2013, 02:02:03 AM
Quote from: yolo2222 on April 01, 2013, 01:31:11 AM
Quote from: bithobo on March 31, 2013, 08:53:29 PM
Quote from: alexeft on March 31, 2013, 09:12:47 AM
No banks, thank you. They are not needed anyways!!!

Why not? Currently, banks are a necessity. But if all the transaction power is given to the people, banks will became what they should have been in the first place: A service. Mainly for people who are willing to pay a small fraction of money to have their other money kept in safety. Let's face it, being your own bank is risky


why is being your own bank risky? Can you not take care of your own finances? Sorry I dont understand you point.
Many computers get infected with malware. Most computers don't have cash that you can make a copy of either though. It doesn't take much thought or effort to find examples of decidedly not dumb people losing Bitcoin. Bitcoin will redefine "bank," not eliminate them.

Absolutely. Right now it's killing me that if I ever mess up my security I'll lose a lot of money. You can always follow procedures and think you're doing the right things, but there are always accidents possible which are very hard to foresee. That's why I'll always keep a combination of my own wallets and some insured wallets in various banks, once these are available (perhaps even generating interest).