Quote from: lynn0729 on October 14, 2017, 06:46:28 AM

i agree with this idea. if Bitcoin bank is founded,which means Bitcoin is legal.,just like the banks currently. at that time,we can pay with Bitcoin.that is the practical value of Bitcoin.however,the problem is the safety,since it is discentralized,how can we trace it and protect our Bitcoin.The idea is good,but it still hasqa long way to go.

I think that is the only upside to this. That bitcoin is going to be legalized, more people are going to know about it, more buyers are coming, more investors are coming, and so the people like us who already have some bitcoins are going to have lots of profits. We are the first ones to be here. On the other hand, there will be problems arising. One of them is that some bitcoin will be centralized and owned by the government. Remember that you don't own a wallet unless you have its private keys. I think that banks are going to act just like how online wallets are acting. They don't give us the private key of our wallet (some online wallet gives private key though).

Just what is the ulterior motive of the government to open up a bitcoin bank. Are they trying to attack by getting the majority of bitcoins and then burning them all at once? In case they have some type of regulation or some law about bitcoin, we do have altcoins so we're still safe from this. I would never trust a bitcoin bank, to be honest. I know how to keep my computer free from malwares and I know how to keep my bitcoins secure.