Bitcoin Forum

We have lots of exchanges, other services, but if bitcoin becomes an international currency and you will need to do all the operations with it, not using fiats, just imagine... We will need the same bank services as we have now. So how will it go with decentralization?

Well, I'm not exactly sure what you mean. The whole point of cryptocurrency is that it is meant to be decentralized. By centralizing it through putting its utility into the hands of the "establishment", is doing the opposite of what it is supposed to.

Yes yes, that's exactly what I'm trying to figure out in my mind. How all the usual bank operations can be conducted with cryptocurrencies if not through the bank?

Why we need banks if we use cryptocurrency?
The main reason for bitcoin investment was peer to peer transaction which means no third party needed to do our transaction.
The decentralization means we are in the full control of our currency so we no need anyone to control it.

Right, but if I need a credit, where should I go? Whom to ask?

For example, in FreeZone we`ll have Fiat Crypto Bank.

We`ll offer different services, for example:

Account management in various cryptocurrencies, fiat currencies, and e-money
Multi-currency debit and credit card issue and maintenance (both crypto and fiat)
Fast and easy conversion between cryptocurrencies, fiat money, and e-money
Deposits in various cryptocurrencies
Loans secured by cryptocurrency and blockchain assets
Cryptocurrency-based leverage for margin trading

What do you think about it?

I know about it but I wonder how it works and when we reach that moment when such services will be necessary.

We have lots of changes and exchanges on this and it might be high time that this gets accredited together and if we have a place that we can all do this at one place then I think it is a big boost not just to the side of cryptocurrency being able to net a more positive following but also to the millions of cryptocurrency users worldwide where they can freely access and do their nuances

As you know we are going to establish Free Crypto Economic Zone in one of the countries, as soon as this zone will be established, there will be launched lots of blockchain businesses, and they`ll need our services, for example, our fiat crypto bank, investment bank etc.

I totally support your opinion, your ideas are similar to ours.
If you are interested in it, you can check our project at www.freezone.one
We would be happy to hear your opinion about it.

Solution like that can work really, because it's a needed infrastructure and now we are still dependant on fiat money, if we have all the services for cryptos, the need for old bank systems will just disappear

If your pertaining to a bank-type where you can invest or use bitcoins transaction-wise then I think it is good for the economy of cryptocurrencies, this would further enhance the accessibility convenience of bitcoin and therefore may attract potential investors which in turn would help bitcoin's value increas. but if you are thinking otherwise then it would endanger bitcoin because at first it was meant to be decentralized.

Exactly. And it will be easier to trust for usual custumers.

You may check http://freezone.one/ to get the clear idea of what I mean.

I'm pretty skeptical about the fact that bitcoin can now be integrated into real business and it become a real payment system. To make this happen you need to have either a stable rate, or stable prices, which will not be in $, but in bitcoins. From the point of view of economics, this is the only way.
 Prices for food, clothing and services in dollars. You paid for something in bitcoins, the rate fell 2 times. The manufacturer is bankrupt. Since taxes he pays in dollars, he pays wages in dollars and purchases raw materials in dollars. Do you understand what I'm talking about? In this case, bitcoin should somehow displace the national currency. Or the price of bitcoin should be stable with minimal adjustments.

You are absolutely right. For now it all depends on currency rates and we all count btc in dollars, so until all the currencies are replaced with cryptos we will have to consider it.

Crytocurrency is not a third party platform,it is meant to be decentralized platform and any thing contrary to this is out of place

It is possible, maybe few years from now if there is a place or country that will take bitcoin seriously..

Guys, we already have some shops where bitcoins are accepted, not a problem to make it global.
Look at FreeZone.one, they are going to make it true

I recently read about an ICO which is blockchain based but they will be offering most of the services that banks provide.  Even have an actual card.  Have not read their whitepaper and how they will do that or what specific services they will offer but the project combines cryptocurrency and bank services.

i think this place you mention is called the internet  :D
already alls transaction i do on internet i use crypto coin to conduct , i no need bank my wallet is bank for me that is it
why you mention bank ? this no like dollar and euro we no need bank to enjoy crypto coin even decebtralized or not no matter to me why i care who own something that i enjoy
main thing is that i enjoy and find many useful thing , i no care if 1 person own or one hundreds ppls own

a bit strange but it would be fun, like being in the future when all the technology is sophisticated and mastering human civilization. bitcoin security level is also guaranteed, and it is difficult to cheat when a transaction uses bitcoin. this will greatly benefit all parties.