Bitcoin Forum

is this the First Ever Bitcoin Bank to be Opened in Switzerland?

source:
http://www.newsbtc.com/2015/05/28/first-ever-bitcoin-bank-to-be-opened-in-switzerland/

It is actually bad for bitcoin as it takes away the decentralized part away from bitcoin. And it is hard to trust them as they might sell for fiat for their further investments.

This is what "bank" do to earn profit. They use our fundsthat we save to lend people with some huge interest or use the funds for trading to get more of it. Bank is designed to get money not to give free interest for everyone but I dont see why it taken the decentralized part away, so keeping bitcoin in one place is decentralized now?

yeah.. you're absolutely right.. indeed.  8)

Why would I even want to put bitcoins in a bank!?  ::)

To earn interest from the bank and also for security. The same thing on why people want to keep their money in bank, for security and also to get interest. People love to multiply their money by putting it on the bank, I dont see why this is not a good idea, it could be a good idea if the bank is transparent

Because the main idea of Bitcoin is decentralized digital currency, which mean Bitcoin is not controlled by any Bank. Just like in the "What is Bitcoin?" video ;)

because the average joe cant even keep 1000 USD on this phone or on his computer. he will lose the money / get hacked.

so they can be considered a trusted ponzi? we are here because we don't trust bank, and you are saying to help them making bitcoin centralized, no tnx...

better to have pos coin then, at least you can earn interest without someone else holding your money

I don't get it. :-\ :-\ :-\ :-\

First we invent BTC to sac the bankers.

Then we establish Bitcoin bank to give birth to new breeds of bankers.

Confused... :-\ :-\ :-\ :-\ :-\

i agreee with you 100%, you are in truth man, this is really bad for us i think, one of the most important thing of bitcoin is the desentralized part, with this we are going to the opposite way.

Dont forget that desentralized exchanges are comming, that exactly what we need and not those things trying to bring BTC to the centralizated side...

How in hell does this take Bitcoins decentralized part away from it? The blockchain is still going to work exactly as it does now.. and Xapo is in btw the first "Bitcoin bank".

Poor article, it doesn't say a word about what this bank is going to do. Who will be its customers? It's already very easy to buy and sell BTC in Switzerland. What is going to change with this bank? What will be better?

But what is the difference from big time services like coinbase, circle, and sites like that? Now I know they do not loan money but I am not seeing what the issue is.

BANK in Bitcoin network ... http://i0.kym-cdn.com/photos/images/original/000/155/594/yesitis2.gif


























http://www.somegif.com/gifs/13594859631179402294.GIF

another news about this , here: http://www.zerohedge.com/news/2015-05-27/switzerland-open-bitcoin-bank-crypto-fort-knox-relocates-zurich  8)
  https://i.imgur.com/L8wKd46.jpg

genesis block:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks[2]

Now they are opening a Bitcoin bank ???

The revolution has been betrayed

People have a tough time adopting to new concepts that didn't exist before. All they know is they way is has been, and it's difficult to change the way something has been done their entire lives. They try to push it into something they already know, which is what we are seeing here.

https://i.imgur.com/iz9C8TV.jpg

I figured that most of the reception of this would be negative. If you guys ever want greater adoption there has to be third party holding services for newer folks to feel more secure in their holdings. Otherwise, this market will remain niche, case closed.

Guido Rudolphi, who is an IT specialist among a group of eight people involved in the project, said that they’ve already gotten investors on board and have searched for suitable premises for establishing the bank. (http://www.newsbtc.com/2015/05/28/first-ever-bitcoin-bank-to-be-opened-in-switzerland/)

Why the confusion? A dude named Guido is behind the project. What could go wrong?

http://cdn8.openculture.com/wp-content/uploads/2013/01/Father-Guido.jpeg

Nothing. These guys don't know the difference between the words "bank" and "central bank".

-C.

Yep, it's the same guy: https://www.youtube.com/watch?v=ieXZTmEw0qA Took me ~30 seconds to connect the dots. I wonder if he'll hire me.

Also curious as how many Bitcoiners are goin' line up at Bank of Bitcoin to deposit their bitcoins [and vitals] into an entity whose chief scientist can document everything about you.

Rogue Guy: Is $X USD enough for the info.
GR: Yes. So that we're legal, you purchase from me this entity (not crypto related) I created five years ago. Sign here. Now, I'm goin' outside to water the tomatoes, so please don't mess with this here computer which I'm still logged in, mmmkay?
Rogue Guy: Got it!
...
Rogue Guy: How are the tomatoes?
GR: Fuckin' rabbits!
Rogue Guy: Heard that! Gotta go. Later, bud.
GR: HeHeHe! I bet he really believes that I have tomatoes. Next project to work on.

Looks like I just single-handedly nipped this Bitcoin Bank idea in the bud.

BTW, if this Guido Rudolphi is so damn good at outing people, why hasn't he found Satoshi? Is it because...

http://www.swisst.net/cms/inside/images/stories/2_2013/s3.jpg
Guido and Doge

https://who.godaddy.com/whoisstd.aspx?domain=btc-dd.com&prog_id=GoDaddy

I've said it once (in another thread) and I'll say it again. "Bitcoin bank" is just another turn of phrase for "scam".

http://s14.postimg.org/nwii55x6p/1grs.jpg

http://www.cryptocash.ch/

No likey the banky idea, Guido will store YOUR bitcoins in some undisclosed Swiss Alp mountain.

I LIKE THIS GUIDO DUDE!  ;D

Guido owns Kalix LTD.

https://who.godaddy.com/whoisstd.aspx?domain=beepip.com&prog_id=GoDaddy&k=7CSG3xN33Ipen4ioBJ9OBvLn8FNzGUbkigdZjRG7LUpVmcVpqnb3apVvApJWitHB


http://s29.postimg.org/gg47qm4yv/1be.jpg

http://beepip.com/

And, once YOUR bitcoins are in Bank of Bitcoin-cum-[secret] Swiss Alps mountain, email a love one your password via Guido's, the spy expert, other business model, protecting your emails from...wait for it...(you guessed it - SPIES).

QUESTION: Am I the only fucker connecting the dots here?

Ring! Ring! Ring!

: Hello.
GR: Hello, Satoshi.
NS: Excuse me.
GR: Gig's up. This is Guido.
NS: What took you so long to find me?
GR: Been busy and didn't have ten minutes to spare.
NS: What do you want?
GR: A bank.
NS: Gulp!

The following is an interesting quote:


How interesting, you ask?


Dude alos linked to BTC-DD, an entity that Guido owns.

Did I mention that I like this Guido dude?

Boy, am I slow! Nobody fucks with Guido because Guido has the tools to fuck back.

Luckily for me, the Honest Abe totem pole next to my home has been up-rooted and removed, now Guido can't find me unless... He asks Nitrowolf on Reddit.  :o I'M FUCKED!

Besides also owning a dog, let's see if I can convince you that RealMalatesta is none other but Guido Rudolphi, with apologies for taking so long in connecting the dots but the search function on this forum is once again not operable.

http://www.coinbuzz.com/2015/03/15/is-this-startup-threatening-the-entire-bitcoin-network/


I'd be remiss if I didn't depict proof that RealMalatesta lives in Switzerland.

I wonder what Satoshi thinks of this?... lol

Ask Guido Rudolphi to ask him.

http://ban.org/library/TheDigitalDump.pdf


He's got talent,
Yes he do.
He's got talent,
How 'bout you?

IMO for most bitcoin adopters, they need such kind of service, a trusted third party holding their funds and earning interests at the same time. Switzerland is the best place to open such kind of bank, due to its regulatory stability, international neutrality and its deep-seated tradition in global finance.

http://www.historycommons.org/entity.jsp?entity=guido_rudolphi_1



IMO, if the IT dude is an expert in tracking people via the internet who've done everything to cover their tracks but was still found, I'd say Bank of Bitcoin is an excellent place to store your bitcoins if you're goal is to remain anonymous. Hell, Guido will even let you use his spy-proof email service to conduct whatever business you have in mind.

/s

If the NSA came out with the very same plan, you guys would be in a uproar, but if some dude name Guido comes along having virtually the same abilities, the line reaches into the next county awaiting for the doors to open for business.  ::)

http://www.journeyman.tv/?lid=60020&tmpl=transcript


Hitler Deposits his Bitcoins into Bank of Guido (https://www.youtube.com/watch?v=dQw4w9WgXcQ)

From the desk of Have You People Lost Your Mother Fuckin' Minds?,

February 25, 2013: http://www.beobachter.ch/konsum/multimedia/artikel/passwoerter_immer-wieder-todsuenden/#c354462

http://www.netmon.ch/presse/030510_tst.php?id=2


Bank of Guido + Spy-proof eMail: Taking KYC to a whole new level.

We can transmit BTC without banks or other money transmitters, that would save us money.

We can save BTC in banks to earn interest and borrow money (BTC) from banks.

BTC is not controlled by a central bank, that is the difference between BTC and fiat.

http://upload.wikimedia.org/wikipedia/commons/c/cb/Howard_Hawks'Rio_Bravo_trailer_(37).jpg
"I don't trust banks. Never have, never will. That's why I mine bitcoins."

http://images-2.domain.com.au/2014/11/27/6032652/Article%20Lead%20-%20wide6348461311spyyimage.related.articleLeadwide.729x410.11sp1h.png1417082658859.jpg-620x349.jpg
"I say fuck silver. Fuck gold. And sure as hell, double fuck fiat! You know that mountain over yonder? Guido's goin' store my bitcoins in that there mountain. You'll see!"

If I can say my opinion, bank is the worst thing in the bitcoin world. Because we are searching to run away from the centralization = the banks (or at least this is what I am thinking, and especially this is the concept or ideology) and they want to open a bitcoin bank.

http://www.reactiongifs.com/r/dpdfq.gif

look's like this kind of approach .. ;D with some updates for the fees... indeed  :D
https://i.imgur.com/6oHSN6R.gif

overwise, remember that, one month ago :  
http://cointelegraph.com/news/114057/itbit-set-to-become-first-us-regulated-bitcoin-bank

https://i.imgur.com/dJSjqiJm.jpg

ItBit doesn't compare to the creator of ItItch. All ones has to do is simply view one of Guido's sites and your vitals are instantly known and logged, whereas at ItBit you'll have to fil out them pesky KYC forms. Besides, would you rather have your bitcoins stored in a bank where banks are robbed daily, or in a mountain where NOBODY has ever stolen a mountain?

http://f.blick.ch/img/incoming/origs2827422/0535561162-w644-h429/RUDOLPHI.png

Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.

Dear louise123, + 1 for you  ;D

Sure, anybody could be a bank, but nobody could be a mountain.

http://www.4p.com.tw/eWeb_spunktour/IMGDB/000234/000239/00006565.jpeg
"And that's where Guido stores our bitcoins."

Whenever somebody mentions bitcoin bank around here all the elitists come out of the wordwork to tell us how stupid we all are.

Take a look at all the entities utilizing the same server that Spy-proof eMail is on: http://who.is/nameserver/ns3.ititch.com/

At 2:53 mark: https://www.youtube.com/watch?v=ieXZTmEw0qA

http://www.journeyman.tv/?lid=60020&tmpl=transcript


Show me a man who stated the above and I'll show you a myriad of entities exercising what was espoused, i.e., https://twitter.com/usdAG, the first entity following https://twitter.com/fairpartners/followers, both entities directly related to Guido.

http://www.peoplexpert.ch/media/pdf/vita-mm-e.pdf


http://website.informer.com/bitcoin-auctions.net#tab_whois


http://www.peoplexpert.ch/

In case you're wondering if Guido speaks fluent English: http://www.netmon.ch/bbc.php

I feel funny about the word decentralized these days, when the average user simply cannot mine the coins, but relies on buying them from farm owners. But ye, you can keep it in your decentralized wallet, like keeping a gold bar in your basement.

A trusted bank could boost bitcoin adoption for those users who cannot download a bitcoin client and use it. There are a lot of them. Of course, if you are registered here and reading this then you are most likely capable of dealing with bitcoins to a certain extent, but that cannot be told of the general public. Sometimes I don't see why the average user would use bitcoin if they can use (and are used to) banks/cash etc. For some it is just too complicated. An easy application like this may be the solution, maybe not.

A bank is useful for saving/loan of the BTC. It could also be useful for the instant transaction of BTC (same as buying stuff in supermarket with a credit card)  which cannot be realized with 10 mins  or even shorter block time. As we save the BTC in the bank, the transaction will also not seen on the block chain, thus the bloating of block chain is less a problem.

Your picture is fake - just went up there to search for the promised Bitcoins, but everything was covered in snow:

https://i.imgur.com/3aYur4d.png?1

I don't understand why we need banks in the first place. Managing your own wallet doesn't get harder than that and obviously I don't need a service of a third party and especially I'm not going to entrust anyone to manage private key in my behalf. Also it might confuse people to think that bitcoin functions the same way as fiat which it doesn't in the first place.

I do not think it could be BTC bank in Switzerland - to open bank in Switzerland you need a lot of own capital, and there are other rules too. It is not so easy and fast. Switzerland have own bank laws, in fact it is real bank country ;D 

indeed...  ;D

https://i.imgur.com/2eBYkAkm.png

ECUREX Becomes First Digital Currency Exchange Platform To Comply With Swiss Banking Act

https://www.cryptocoinsnews.com/ecurex-becomes-first-digital-currency-exchange-platform-comply-swiss-banking-act/

That's only the beginning. Now, we have to find out what this bank will actually propose to its customers. Will it give interests on BTC deposits as regular banks do with cash? Will you be able to get a loan to buy a house?

Fuck man, this is a bad news...bank for bitcoins, then it is a normal currency now.

The problem here is if Bitcoin fall into conventional banking, there is a big chance that it's coin value pegged down deep. I do not trust any more these conventional banking, I would like to see the Bitcoin in its own trading stand apart from other banking methods. Bitcoins stands first for security and transparency, I am afraid that will it keep that trust for long time.

This is also the first ever post to bitcointalk.org.

Pretty cool eh? 

just don't use like you do with fiat, and nothing will change, those bank for bitcoin are born because many can't have full control over their bitcoin, and aren't good enough at security

if this will help adoption, then it's welcome

So you are saying this Swiss guys are storing Bitcoins people deposit there inside fake Mountain?
Can that be true? You have any other picture or other evidence to confirm your claim?

No. We Swiss use mountain goats to stomp QR_codes into the snow. Then we turn it with a little help of water into ice. So the only way to read the code is to fly high or to use a QR-sniffing-dog.

That is not good. The whole point with bitcoin is that people should learn to take responsibility for their own money.
Banks will just make another weak point of centralization where speculation can happen.
The problem is that when a lot of people deposite money in the same place then can the bank "invest" these funds to all kinda stuff, risking the peoples money with only vauge concensus. Bitcoin gives people an unique oppotunity for being independend of banks.

Yeah Scamlert, you're absolutely right , overwise, have you read this ?

http://www.coindesk.com/swiss-bank-ubs-banks-absorb-benefits-bitcoin/

and this:  
http://www.zerohedge.com/news/2015-05-27/switzerland-open-bitcoin-bank-crypto-fort-knox-relocates-zurich

and finaly  this ...: http://sbex.ch/

?  ;)

3 very interesting articles, thanks for sharing.

I think that most bank are terrified about bitcoin, because they can't control it and the bad rep also play a role (Mainly silkroad).

But I have little doubt that banks eventually will have to switch to crypto. Like mentioned in the article, each time money is being printed, the fiat value just gets more and more deluted. I would not be suprised if a number of big banks will together and create an new "altcoin" (to be used for interbank transfer) based on blockchain technoligy and get all the ISO and FED approvals to have it reconized as a currency, all other banks would quickly after make their own altcoin or join. If that happens then is bitcoins mission completed = Eliminate the nasty fiat.

having a bitcoin bank defeats the whole purpose of bitcoin .. ugh!

If you can borrow and save money without a bank, then you do not need a bank.

What would really be wonderful is if the Swiss government embraced bitcoin as a completely protected currency without any government interference. With Switzerland's financial reputation, it would send a huge message to the rest of the world that bitcoin is a valid currency.

Sounds interesting, original idea

I don't like the idea, the whole purpose of Bitcoin was to have it be a decentralized alternative currency that could be widely used. With the bank's hands all over it, they're going to profit over our (Bitcoin community) creations.

Like it or not but once they do this people will deposit their bitcoins in it, some will do it for the interest (if there is any) others will do it because they don't know how to keep their bitcoins safe or they're too naive and trust whatever is said on a website, I have seen a few people on this forum who still keep large amounts of bitcoin on blockchain info wallet even though there are so many reports on how others have lost bitcoins stored there.

I just hope that this bank comes under some jurisdiction and doesn't runs away with people's funds.

Exactly, you are right. Here we go again. People created something to free masses from slavery of banks and financial institutions and stupid people could now just reject this and gladly become a slaves again.
Sometimes I think that most people are not meant to be on their own and decide about their fates instead they want to live like slaves. "Yeah, I give you my bitcoin - invest it - I can't do it myself..."

I wonder with what this "Bitcoin bank" will bribe people so they will reject managing their own bitcoins.

It's all about having options. With Bitcoin you can be your own bank, but what if there are people that don't want to be their own banks? Bitcoin has many purposes, having all your wealth and storing it yourself is just one, but not giving people the option to have a "bank" you are kicking a lot of people that would otherwise use BTC for its other features.

Bitcoin has been stored in our wallet's on our computers since 2009, if it has worked this long we obviously don't need a bank or anyone to ruin the anonymity.

why the hell bitcoin need a bank? we dont need a bank,i run my own bank (blockchain) right now, the reason that the bank will build is they are gonna take some fee from our money, when i was firs time recognized bitcoin, they said that bitcoin is cryptocurency which dont need a bank.

Will this entity engage in "sound banking".  Will it attempt to balance both the amounts and the maturities of its assets with those of its liabilities?  Will they offer true 100% reserve deposit banking (an account which does not earn interest but charges a fee) and/or true loan banking (you can earn interest but you must tie your money up).  In short, will this be a real bank or just another fractional reserve scheme.

I think its good for adoption.. more people can get it without the risk if the bank carries that... and cmon at present people are using exchanges as banks to hold their bitcoin in the interim and that worked out awesome for MtGox didn't it. Least with a fully licensed entity doing it there won't be blood as there is accountability.

Here we go again with people saying "we" don't need a bank like they represent the whole bitcoin community.

usually if you are here it is because you hate bank, at least a bit, another reason is because you want easy money from bitcoin, aka more fiat, so those who still want to go with a bank even when they have a decentralized payment like bitcoin that aims at disrupt the whole banking system, probably belong to the second group

With bitcoin, you have a choice if you do not want to use a bank. If you want to borrow or save money, you still need a kind of bank.

So we don't like bitcoin banks but we're ok with bitcoin exchanges...

Not much difference.

We don't like it when people keep there coins on an exchange but its ok to buy.  I don't see the difference in keeping your coins on a exchange for 2 minutes or 2 months.  Your still trusting them that you will get your coins.

This is not a good news. First bitcoin is decentralized currency, now it's first bank will be opened in Switzerland. Government will gain control of bitcoin if there's bitcoin bank in a country. Second, bitcoin is anonymous. If we transfer and exchange at bank, we must write our name, our purpose and the others.

 sorry mate but you're wrong... Bitcoin ISN"T anonymous... 8)  that's an urban legend.  8)

So you think anybody will force you to use a bank?

I'm wrong :o. I read that from a blog :D so maybe i'm false about bitcoin theory. ::)

you're not that wrong, bitcoin can be anonymous, but it certainly isn't if you don't add anything, and just do your normal "send transaction/receiving transaction"


it's hilarious because banks, can not even force you, to use fiat(i might live, by swapping all day my old stuff with new ones, and continue this cycle endless, for example), let alone a decentralized thing like bitcoin

also some, can uses cash only, and thus evading the banks completely, there was a guy that was living only with that, his own ammission here on one forum

Yes it is not great news for the bitcoin community as people generally prefer use of bitcoin due to the privacy factor attached to it so if the privacy factor is removed from the bitcoin then people will hesitate in using it as they have to disclose their identity.

Xapo anyone? They charge a fee to hold your bitcoins in a vault.
Exchanges? They provide bank like services to get your fiat.

Why is this seen as such a negative? We already have plenty of third party services that do many different things. Just because this third party service has the word "bank" in it does not mean that all of the sudden Bitcoin is not somehow controlled by bankers.

What I can see a bank doing is providing things like direct deposit to your bank account with any currency being converted directly to bitcoins.
I see debit cards that you can spend anywhere and it automatically converts it to the currency you need from your bitcoin balance.

Other than that it will be like having your coins on any other web wallet.

Lol..That is true nobody is  gonna force us to use bank for the sake of bitcoins I mean we really don't need a bank's involvement in the use of bitcoins we are using it and we will continue in the future without a bank.

if a bank accepts bitcoin as deposits ,i guess they would get too many bitcoins soo they could manipulate the worth,soo better stay away wanna interest? exchanges already allowing it to happen soo invest there lol and keep your precious away from government as bank owners lol

Yes you cannot trust neither government nor the banking systems of the country so it is better that we keep our bitcoin safe even if there are bitcoin banks available in the country and I really wish to keep my identity safe.

wow that's great news
i also have heard of a news like this one but i think its an australian bank

You can't stop the fact coz it was already made.

How much dividends for deposits will it pay and will there be any official written agreements or this bank will be able to scam you out of money like all these popular cloudmining websites our days? :D

Exactly You cannot afford to trust the banking system when it comes to bitcoin. It is better not to invest in banking and just get carried with the procedure that we are using it right now that we would stay away from government and banks.

If a bank holds your bitcoin, you have to submit identification. And they have control over your bitcoin with their wallets on their network.

The main reason for the existence of bitcoin totally goes against this.

You might as well get rid of your bitcoin and just use cash at this point.

it might be surely a way to regulate bitcoin in disguise, well why not? if that can help the bitcoin adoption, one should be in favor of it

despite this i'm sure many will use their service, those that are not too much into bitcoin, but that still want to use it as an alternative method

exactly Amph...  8) &  just because of future regulations in their country......., and this will be come true for most of the EU's countries ( even if switzeland is NOT included in EU ... ) an for France too..unfortunately.. ;)

Poor article, it doesn't say a word about what this bank is going to do. Who will be its customers? It's already very easy to buy and sell BTC in Switzerland. What is going to change with this bank? What will be better?

Yeah and now we are so used to the Bitcoins that neither we need a bank nor we need a support from the government to start adopting and accepting bitcoin as a currency the only thing we need is the adoption from the people around us and if they are not aware we need to create an awareness level among them by disclosing the advantages of holding bitcoins.

there isnt a need to control the wallet just need the adress to get the interest paid montly on it ,in this case they would create the wallet us just will be able to see balance ,,,soo the bank couldnt lend our btc to others without we know soo not worthy for a bank... get deposits and offer interest without being able to lend those same money between users lol

But as a Bitcoin user do we really need a bank? This is very logical question and I believe that majority of us would say a BIG NO that we don't need any bitcoin bank to keep our bitcoins safe as it is already safe and we are taking great care of its security as we take of our wife and our child lol  ;D

Maybe it's related to bitcoin ATM in public place. I don't know exactly who will be its customers, cause bitcoin is a crypto currency and it doesn't have physical form except you change it into paper wallet.

Many of the articles claiming "bitcoin bank",  "first bitcoin bank", etc.  (yes there have been many)  have been written to encourage bitcoin holders to make deposits.  Hopefully you can figure out how that usually winds up ending.   

I agree with your first point. As long as we know how to keep our coins safe, whatever the way you store it, there is no need for these 'banks'. They may charge larger fees for simple tasks, such as withdrawing, because how else would they survive? They'll need to make profit.

But anyways, looks like Bitcoin getting even more popular, and will grab even more people's attention, which is a good thing.

the banks minds is get deposits that will generate interest to owners ,and lend those money to others... banks acts the same way .. and a bank to bitcoin wont happen if they dont have lets say a bigger interest income then others banks money.... if they set interest to 10% montly im pretty sure they would collect several bitcoins otherwise it would happen.. but would be required some contract to protect our bitcoins otherwise a run could be projected to happen

If enough security measures would be in place, to assure safety of the bitcoins stored and operated with, i would support the idea of bitcoin bank.

Giving loans @10% per year, and offering savings accounts @6% per year, they could make nice profits, and run a clean and opened business while providing people with service they want.
Having such institutions would mean a great deal for the bitcoin industry, but would also have an insane impact if such business model would be compromised, so i guess it's a double bladed sword in a way.
Imagine every thief watching those funds in block explorer, the security of such operation would have to be at insane levels!

cheers

Ahh.. I saw this news on another thread. And I would really like to see a Bitcoin bank. It could increase Bitcoin popularity. However, I wont be using it. I use Bitcoin mainly because I want privacy and I dont want anyone to be able to track me.

This assumes 96% of loans will be paid back.  IMHO that's the hard part (finding honest and capable borrowers, tracking down delinquent ones).  The security of holdings aspect is easy in comparison. 

I think a bitcoin bank would be good for mass market users, as long as the bank doesn't screw everything up. The main problem hindering mass bitcoin adoption is still the high barrier for entry (with regards to getting bitcion, available wallets, securing their coins, and spending). A decent bank should be able to solve this problem. However, most tech savvy users won't need to keep their bitcoins in banks. As always, having multiple options is never a bad idea.

Exactly, bank is just an option for bitcoin.

You are completely right,
That's the point.

Doesn't sound like that much of a nice idea to have bitcoin banks, unless they can take bitcoin as collateral and offer loans, bitcoin is more secure in your cold storage if you can maintain it properly than with the banks or exchanges who cannot give much surety of your funds, same as what happened to mtgox and many other exchanges.

Magnr provides interest on bitcoin deposits. Xapo allows you to store your bitcoins in their vault. Web wallets allow you to store your bitcoins on their sites. Exchanges allow you to withdraw fiat. Some exchanges provide debit cards.

BUT if a service is called a "bank" everyone's all "BITCOIN DOESN'T NEED A BANK!"

I suspect half of the repeated comments on this thread (that haven't read any of the other comments) are signature campaigners getting their post numbers up.

Yes and bank runs on the various charges they charge from their customers. Charges are basically the profits of the bank. If they don't charge they would need to shut down their bank. So why should we pay unwanted charges to bank if we are getting everything for least charges.

the real thing is we invest ours bitcoins whenever we wanna and when we want we dont need banks deposits to earn interest already some exchanges doing that 0.06%daily on poloniex with some colateral to avoid be scamed and loose all....99%safe.means 1.8% montly interest not bad at all ;D

I simply don't trust banks even when it comes for fiat currency so trusting it for the deposits of bitcoins is simply impossible. I would rather prefer to keep my bitcoins safe in my wallet and use it as and when required.

We dont need bitcoin banks, it's good in exchange isn't it?

Charges and fees are not only and not the biggest part of banks revenues. Banks are taking your funds and use it for various operations, they basically invest your money and multiply them that way.
And now is my question, how exactly bitcoin ban would want to earn from that? You probably need to give that bank full control over your bitcoins, including private key and ability to use your coins as their please.
Are you really fine with that idea?

In Western movies men with guns rob banks. If the man on the street is his own bank he may be much easier to rob than a more organised operation. There has to be a price though.

It depends if the Bitcoin bank is regulated to the same extent as regular banks. There are often mechanisms that ensure that customers of bankrupt/robbed banks get their money back up to a certain limit. Sometimes the state guarantees deposits up to a certain limit, and sometimes other mechanisms provide the same guarantee.

I would trust a Bitcoin bank with my private keys if the state guaranteed to return my Bitcoins if the Bitcoin bank went bankrupt.

Just like Banks of Cyprus guaranteed their customers that they would give all theirs money back? And eventually Banks frozen accounts of everyone and grab part of people's money to save Cyprus economy.
That is the problem with financial liquidity. It is always advertised as stable until it isn't. And you will never know. People need to be confident enough to manage their own money.

If bank bankrupts, maybe you will get back your money but a long time later, like bter.(exchange not a bank)

If they pay a decent rate of interest, then why not?

Centralization? Sure. Regulation? 100% bummer.

But on the flip side, what would a bank do with Bitcoin deposits? Lend them to people that don't have them? That would be my guess. So, let them drive adoption.

Wouldn't touch them myself; well not unless I had to get a really big loan to buy a beach hut on the other side of the planet.

I think if bank lends the deposits to other people, it will be nice. Right now, there are many scam methods. One of them is borrow bitcoin without any valid collaterals and they never return it. Maybe bitcoin banks can solve this problem because banks have good collateral standart in credit application.

banks invest sell buy coins ,custumers would be able to trace where they spend the money ,where investment is being make.... soo they couldnt anymore be the king.... soo lets say the black income they get would be more black would be very easy to tract it...they dont wanna those .... about management well like exchanges with the loans we would see our bitcoins but we should have to deposit them on some wallet ,that bank would use..... we would see just bitcoin virtual and not able to moove it instant makes no sense a bank at the moment.

Looks pretty legit, but I'm not surprised they have something like this already. Banks always make the most money! Remember that my friend.

if the banck will act on just buy and sell of bitcoins would be good otherwise i guess no interest to deposit bitcoins into it