Bitcoin Forum

From my point of view  Crypto- currencies is one of most contributing section in financial sector of the modern world.
this is also know as virtual currency which is really very important at the present development for economical conditions.if every country's government provide more intention for developing a reservation bank through which all Clint can transaction their money directly and saving  their money by the help of current account or saving account for the purpose of more profit then people will more interested and also get security in such kind of currency.
Even people will more interested because reservation bank is source of so many opportunity like  different kinds of loan facility, privately use this money in different sector.
 

No. Bitcoin should not be stored in a bank. That's pretty much the very point of Bitcoin in the first place. Everyone can take care of their own coins, and everyone will be responsible for them. Bitcoin banks, if they theoretically existed, can't clean up your mess like conventional banks can either, with transactions being irreversible.


I don't think crypto has reached that point yet.

yeah bank and crypto is two different sector in which different system of storing too.in bank physical fiat is involve but  bitcoin is virtual.here in bitcoin we are the one that must make our coins safe.security is on our own stake.no insurance policy and more private than those the banks.so i dont agree on the OPs idea

This question is disscused so many times before.Bitcoin and the other cryptocurrencies are anti-bank currencies and we don`t need banks for them.I don`t believe that the bitcoin community wants government support or regulation for the cryptocurrencies.Asking such questions means that you are not familiar with the core consept of bitcoin.

Asking these kind of question is really senseless and same as you said cryptos doesnt really need banks since we are the bank in our own money when we do make use of bitcoin which means it doesnt really need some adoption that government would consider that building or making bitcoin a storage.For what? I dont know whats the actual purpose on this one.

The whole purpose of developing and creating bitcoin is to distance people away from using their banks, so no, this idea would not be supported by the majority of bitcoin users around the world. If we want to let others hold our money, we wouldn't bother holding bitcoins in the first place and would just give our money to the banks. Also, if you bother about loaning, you can just go to your bank and apply for one. You don't need bitcoin, you need proper money management.

I do not understand,  how would you "store" bitcoin? It is not something tangible...

I agree, more people involved with bitcoin could broaden opportunities and business models. Yet, this cannot go through traditionnal banking. And, again, what do you mean?

What could be a great idea, though, would be to create a concrete international bitcoin network... Maybe with the development of ATM? Or shops accepting btc payments?

Clearly, I do not have any idea of how to do that, but I agree with you, the more people get involved, the better!

So your idea is basically inclined towards centralization which doesn't go well with the idea of the crypto currency. However, if a government is willing to start a bank for depositing crypto currency only without actually trying to have control over it, then it may become a reality sometimes in future. But to let you know that we already have such online wallet facility that stores the crypto currency like a bank but just doesn't provide loan facility.

agree I use bitcoin because I don't want others to control my money , bank is good but it is bad when it comes to cryptocurrency , If you will store your bitcoins in a bank then bank will have a control on bitcoin which is very contrary to what bitcoin is

But it is too soon to think about a bank only created for bitcoins, it is very difficult to make governments think about it because it would mean that they are going to need more money in order to develop that idea. And it means that they will charge more taxes to all the citizens of that country, and people would not allow that, it is all a cycle and it would never end.
But it is a nice idea, if it is developed in some countries, it will be followed by another countries, and it would be a process.

I dont think that cryptocurrency have a bank even thou cryptocurrency or altcoin and banks have a no difference because altcoin wallet was we called also a bank because you are storing your digital money to the wallet that you cant expense directly and you can earn because of the value was increasing not like in bank.

But at the same time, that means the centralized bank for bitcoin, be your own bank. We don't need such service. The reservation bank will be controlled by the government and if you are wanna thinking again for a twice. and that will absolutely impossible be caused by the bitcoin was including on the currency that doesn't get any recognition from the government or country.
It's a bit strange.  The decentralized currency already owned its system. Centralized system will meaningless for that.

Agreed! There is a lot of difference in between paper money and that of crypto money. There is nothing common in both of them. As far as reservation of banks and that too for bitcoin is concerned, I don’t think so that it will be possible until and unless the government declare bitcoin as legal currency. There is no way that we can establish a bank for bitcoin at our own.

from a different aspect, why would we need to store it in banks? That we are storing it in our own wallet and not only a normal wallet, we can even consider it as our own safe or bank? So what's the use of having bitcoin banks while we have our own keys?.

I we agree with this kind of reservation bank. there maybe two faces that we encounter. There might be a positve and negative side of it.  But banks has also its own rules that may affect our transactions. It is better to keep your own money. Anyway, there is already a wallet that we have that may consider as bank. and you can change it or invest is whenever you are at any time and palce.