Bitcoin Forum

What do you think about crypto bank which hold all the reserves and give insurance of your crypto assets?

Centralized exchanges already behave like "crypto banks". Still they can't give you a guarantee that your funds are completely safu and won't be stolen via trojan getting your password from the exchange, exchange operators going dark and stealing your money, or hackers breaching the security of the exchange.

With the existence of this crypto bank is good because it can store the assets of crypto well and in time we need we can exchange, but for security can not be guaranteed, many hackers are eyeing. But quite profitable.

There are many projects already launched and some of them under development that claim to be the crypto banks, you can study some of them, they include bankera, crypterium, polybius, babb, change and more.

These days there are already developing projects of crypto banks, which means the community is interested in such projects. We have lack of infrastructure, so for sure there will be some banks in the future.

Well, there is some crypto bank projects but still didn't get enough attention.

I am unsure about crypto bank because one of the most important part of crypto = eliminating banks. So why create new ones?

At the very least, what I believe at is for the whole creyptocurrency market to have a one whole regulating body that will screen or completely remove illegal schemes and scams in the market.

No, sorry but it is just exactly that we here trying to finish. When some structure takes responsibility for people it also gets more tools to trick the people and it will defenitely use this opportunity u know. So let's take all the responsibility for our lives on ourselves. So nobody will be tempted to be cheater.

no because it will be waste of money for such bank owners because people will never use them. the reasons are obvious enough. most importantly because this market requires decentralization, you can see how much hate all these centralized altcoins receive. additionally a bank will require KYC and people don't want to do that and if someone is fool enough to do it, when the court order for tax evasion came to their home they will understand what a big mistake they had made.

Fuck that! The whole point of cryptocurrencies is to stay away from centralized entities like the banking system. If we are to give in one of the main aspects of cryptos then we might as well dump all of our crypto holdings and start using fiat.

geez~ I wonder why...

Centralized exchanges are essentially crypto banks. So are USD coins like tether, at least in theory. THe problem is that they haven't been very effective. Tether's been through all sorts of scandals and CEXs have been hacked many times

No one will make that bank. They are smart enough that it only wasting money to make it. And of course it will vulnerable to get hacked beside in our wallet.

For the crypto lovers, they should have the bank so that they can really secure their money. They can really sure to keep their own money to save for their future. Hackers are everywhere, so we should be wiser all the time.

I think it is very necessary, so that we can safely protect our assets from hackers. I think the encryption industry needs further improvement. And creating an encrypted bank is also a profitable business.

Yes, this is one most serious concern that needs a serious solution to help protect ourselves against scammers and hackers who steal our crypto assets. Anyway, crypto banks is very essential today to store oir crypto money in a safe place with proper regulations thru bank bindes law. And also to maintain a cheaper transaction when withdrawing money because without banks now transaction fees are very expensive.

Right! I think there should be a crypto bank. That would be much better in electronic money transactions. This bank will help you pay easily and change quickly. Currently, few banks accept bitcoin payments because they dare not take risks when prices are unstable.

any statement related to the bank system can be considered as a part of the centralized system and the crypto is absolutely don't need the bank. that will make the crypto becomes centralized. Everyone has a right to store their own value on their trusted wallet and that's the main point of crypto to give you the best privacy to control your assets

It will be good but in this bank there should be an option of converting your crypto currencies  into paper money. The idea is similar to an exchange, I wonder soon we will see many ico on this topic. In fact there was a project named as forty seven bank ico. I don't remember the name of other projects but I have seen some other as well.
Giving insurance to your crypto will be difficult, it should be market dependent.

     Yes believe that we need a crypto bank that will manage all the coins and caters an insurance for cryptocurrency but for those centralized altcoin only because for me it could be very difficult to manage decentralized coin,and these would be applicable to all country that have a legislation about cryptocurrency.

It is not a safe for this moment because all the peoples are believe the decentralised platform and it is completely transparent for everyone. But once crypto bank is comes in the market automatically it is centralised so peoples are not believe the banking system. I think decentralised platform is raise the voice in future so I do not think this useless project.

Right, and let's call this regulating body the government. Are you kidding me? This is against all principles on which Bitcoin was built, which is to take power from financial institutions and governments and give it to ordinary citizens. You people are scared of a few scams and you run back to government daddy already, asking to regulate the hell out of everything crypto.

This is an open permissionless system. If you need to give someone the power to censor and roll back things, use fiat and banking system. Or EOS.

The key to eliminating scams is to get the whole community more educated and develop more security features, not centralizing the power in someone's hands.

It would be nice when our crypto money was insured. But it seems to me that the crypto market is a decentralized system, so I definitely can not argue that such an idea will be popular in the crypto world.

I believe it's better than the traditional banks because of the transparency. And transparency is what gives it an edge and unfair advantage over the old ways.

I also appreciate your comments. Bank holding crypto is 1 idea but to implement it is an extremely difficult thing there are so many new projects built on that idea, but I have yet to see any project feasible

I agree with you. There are too many virus, trojan or many other problems to hack their own property

I think it would only be a waste of time and effort because we have our own bank already and that is our very own trusted wallet.We can be more secured of our own assets knowing we have the full control on it,and not just trusting it to any bank.And if we will adopt this idea,cryptos will lost its nature as a decentralized one knowing banks are only for centralized currencies.

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Youtube    : https://www.youtube.com/channel/UCEWn4UUSAX1xLQHKXkaBbuQ
ANN Thread : https://bitcointalk.org/index.php?topic=4484862
Bounty     : https://bitcointalk.org/index.php?topic=4662733.0

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In modern world states are divided into 2 camps: supporting cryptocurrencies and those institutions
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Any Bank means an intermediary between you and your finances, they will take a commission for the security of your funds, but today there is no invulnerable product, so the crypto bank will be exposed to hacker attacks and other network vulnerabilities. The idea of a crypto Bank is useless now.

A very interesting discussion about bank crypto, I also think like that, now a lot of projects with the aim as a bank crypto, but I think until now there is nothing good for it. Because it is very important especially for us the crypto trader, hopefully in the future there will be a really good bank crypto

I think this is a bad idea, since the bank will have a huge number of tokens, hence the prices for them will be controlled than the bank

I think it's a very bad idea. One of the reasons I love cryptocurrency is decentralization. If there is a Bank means there will be no decentralization. I believe that cryptocurrency does not need any banks. I generally believe that in the near future cryptocurrency destroy banks. I hope it will happen very soon.

Why not? We need to find a suitable offshore zone and establish some links with certain authorities. I hope that soon we will see a full-fledged crypto Bank, and we will be able to use its services. This would be a very significant step towards the integration of cryptocurrency into the real sector.

It will be very convenient to take a crypto credit. To be honest, I do not know how to make a crypto Bank.

I think it's a bad idea because the cryptocurrency is anonymous and you have to register with the Bank.

Not at all, decentralized environment is the key features why cryptocurrency is taking a great invasion in the economy and with the crypto bank I think we don't need it anymore for a safekeeping, there are many options to keep your coin intact, your choice is your responsibility.

I think the crypt does not need banks, except in exchange for fiat. Banks do not need a block, it's harder and slows down the work, in addition, the blockchain is needed only when you do not trust each other, but in this case there will be a bank and there is no sense in the blockchain.

Crypto is not to eliminate banks but people who will be more comfortable where to use as needed and comfort, crypto banks would be very good if indeed its usefulness is very good for the future in accordance with the wishes of people but I am sure it will not be as beautiful as the creators desires , not too bad for the innovation they create but it is not true to make it all, because we can defend it ourselves without having to have a third party, the smarter will choose the best, I really like it bit by bit will turn it off subtly.

I think some exchanges are like cryptobank. It seems to me that if you create cryptobank, then cryptocurrencies will go from his idea. Remember how everyone shouted that Ripple is a centralized coin, and therefore it is bad and what happens if you create cryptobank. Although there are similar projects.

Insurance of crypto assets is a very important thing which is difficult to provide. I think that exchanges and crypto wallets should think about without third parties as crypto bank.

Crypto bank is what the industry is waiting for. If we get a cryptocurrency bank,we will be able to spend cryptocurrency directly without changing it to fiat money and this will help mass adoption and regulate the high volatility of the cryptocurrency market.

Of course he should, and for a long time already are trying to create, but frankly any shit comes out, but maybe there will be a time when a really worthwhile crypto bank

I think the idea of a crypto bank is good but it has to be better than the traditional banks. Cheaper banking fees, transparent in transactions and etc are some important features I would like to see.

No. Because what's the point of decentralization if we'll have a crypto bank. And crypto exchanges right now acts more likely a bank now.

A crypto bank would operate in a centralized way which I don't think that is good for the crypto world. Point is, most of the cryptocurrency prefer to be decentralized.

hello I think that crypto bank is not a bad idea but who will trust him and who will want to give his crypto currency to him.
I think that the bank should belong to Ilon Mask so that investors begin to trust the crypto bank.

A bank is a centralized system. Crypto currency is a decentralized and independent system. I really do not know how it can be combined, but one thing I know for sure. The banking system hinders the development of the crypto currency. These two concepts can not be related.

the crypto bank is the future of bitcoin and cryptocurrencies the next phase of cryptocurrencies we will see cryptocurrencies enabled banks

In cryptocurrency world, you are the bank. You can do the same things a bank would do for you, and do it better, 24/7 vs. only on banking days from 3pm to 5pm, within 10 minutes of a block confirmation vs. 5 working days, to towns and villages where there are no banks, without long queues, without atrocious fees for international payments, without censorship. You don't need the middleman, you are the bank.

We have many centralized and decentralized exchanges, that's enough. Ripple seems to be in the process of implementing this idea. I'm still expecting good news from them.

World Bit Bank The world’s first legal cryptocurrency bank https://wbb.io/.  I really like their idea. Let's see when and how they implement it.
After all, there must be a connection between decentralized crypto-currencies and a centralized financial system.

yes, this concept of the future, if there is a Crypto bank that offers insurance for ownership of crypto assets, I think if the concept is good then we deserve to follow it.

When the time wallets are introduced that time itself you should confirm your fund is really safe and it is the crypto bank. Actually we do not need to have the third party to make the transaction. Please do not go with the project with handling the payment as a intermediator.
If you show belief to one wallet provider also it may finally lead to scam or looting your fund by the site owner itself mate. I do not think the other people to take over the other wallet suddendly when the value down. So it should be stable no need to go with any crypto integration.

Exchange sites are already working as like a crypto bank. You're trusting these exchange sites and people's doing a lot of trades on these sites. if you want to keep your money on exchange site wallets, you can. The sites I mentioned already have the same service. In brief, there is no need to be a crypto bank as you suggest.

In fact, this contradicts the very concept of the crypto currency, because the blockade is, first of all, decentralization. Therefore it seems to me illogical to attempt to create a bank in such a system)  ::)

I disagree with the idea because of the nature of banking that always complicates its customers and also robs its customers
I think let crypto run freely

I dont think that many people will agree to crypto bank, there is a hardware wallet that I prefer to use than putting it on crypto bank. I feel safe with that.

A beauty would be trading directly from the hardware wallet due to a dex run entirey on masternodes. Stakenet is developing this. Maybe this is that kind of "bank" we need. I dont like all these erc20 tokens which claim to be a crypto bank... they are just centralized companys abusing a decentralized infrastruktur for their utility/ security token :D.

I do not think we need that, because it is tending towards centralization. Cryptocurrency is about decentralization and anonymity. By the time crypto bank comes into place, i think anonymity will be removed. We are already in control of our own bank as individuals and as a crypto enthusiast, you are in control of your bank.

I see news everyday of projects like that coming out on the spotlight in a near future, I think it could be a good idea, but their creation would mean that the whole cryptocurrencies could get into hands that control them and I think that it misses the whole point of the cryptocurrencies.

I say let the free market decide.  I for one would not let my assets in some "crypto bank".  It would be a hackers dream to hack that and grab all the digital assets.  I think we are far safer keeping the assets decentralized and spread all over the place in small amounts while being informed of the security situations we need to be aware of. 

I think it is wrong, because crypto currency it is decentralization - no one control, but if will be one crypto bank, it will not be decentralization

Well, everyone is entitled to his opinion. My view about this is that we are the bankers of our banks and for this reason we do not need a general crypto bank. I prefer individuals controlling their assets by themselves. This is a decetralized system.

Right.There's no use to put up a crypto bank since we have already our own individual's bank.It is more safer i think than trusting our assets to a crypto bank and leave us with less control of our assets and bankers have the full control on it.It is like a centralized one already like fiat currency deposited in banks.

Yes, That's really good to keep my money in my own hardware, this event gives confidence to the user. Everyone keeps their money in own hands and this can be called the real anonymity. This private anonymity feature makes cryptocurrencies very special, that's the whole point of the crypto coins.

I certainty it's emended than the conventional trusts thanks to of the picture. And transparency is what turn it an column and actionable price atop of the decrepit ways.

No, that's a bad idea. I admire in cryptocurrencies the decentralization, noone should be the boss of crypto, it would be the same at the end like the fiat money, we don't want this.

If there is an encrypted bank, I think this is a good thing and can guarantee the security of the funds. I think everyone wants to have this bank. Because hackers are really terrible.

But why think there should be a crypto bank, if the crypto itself is banking the unbanked. It is not bad idea to make bank on it, but it will centralized the decentralised system if exist.

i think No its better we hold our coin than bank why? cause if that happen they will put a lot of taxes in that. but if they legal it in some country using that kind of bank i will going to yes. but right now no

I do not think there is a need for a crypto bank to be honest. It is still better to have your own storage and be completely responsible for your own "assets".

It should already be there now. Is XRP counted? In the future, there are certainly many countries that issue their own coins, so this is a problem that you don't have to worry about.

I am not convinced by a crypto bank. Should crypto not free us from the banks? I personally do not need a crypto bank. Then we would have the old system, but this time without fiat money but with crypto.  ;)

along with the development of crypto for the better and many have the benefits I think crypto will exist for the bank. of course, if it is realized it will be made the bank the crypto will also be able to get a lot of advantages. Anyway, crypto revolution is inevitable again, so for such a bank would be indispensable.

I don't think so we need a Crypto Bank.To my point of view,what we require is that our cryptocurrencies can be controlled at any time.Sell or buy,all by ourself.No need to go through any institution, anyone...

Yes, I think the bank crypto must be there, nowadays not a few people use crypto. although there is now a crypto bank development project. and crypto insurance is also needed to protect one's investment.

In fact, these trading platforms are playing such a role, they help customers store coins, trade coins, convert coins! Is that so?

I do not think, because the idea of ​​a crypto currency in decentralization. True, this idea is constantly dying out because of the manipulation of the market by large holders of bitcoin. If a crypto bank appears, I'm sure that it will not be one, because this is also a business and definitely there will be competition.

Yeah, I don't agree about crypto banking because this market will become more centralized, let's just banks do that work to accept cryptos as mode of savings so no one can control cryptocurrency aside from the whales.

Some investors are storing their coins in the exchanges and I think its quiet risky, you should have at least physical wallet.

Crypto bank may be a good idea if they can really safeguard our investments and will have assurance that our assets won't be gone. But of course there may be fees that will exist but this is alright as long as we will have peace of mind. I will support crypto bank if there is one.

Agree with this! mostly this would be the reason why do people tend to put money on bank to protect their money and  also you cant worry of it. Well now a days there are a lot of hacking occur in our altcoins, wallet getting hack and others . So it would be nice if there will be a crypto bank i think everyone would be glad not only those people who has a lot of coins but also those people who want to put it in the safe place.

I'm totally against crypto banks. I love the idea of decentralisation and want to keep it that way. The reason Bitcoin was invented was to take the monopoly away from the banking sector. If we introduce crypto-banking then we make the same mistake all over again.

Its a nice idea but I think wallet is more useful than it because in bank, there is a possibility that your money will be scam by those creators of the bank. Unlike wallets, there is a big advantage than banks.

The whole point of the crypto currency is that they absolutely do not need a banking system, all records are kept in blockchain.

I think that in the near future there will be banks for crypto currency, because you will need to protect your tokens. Now there are projects that banks are developing for crypto currency. Perhaps some of them will enter the market and will work for us. The creators of crypto banks can get a good profit, so these projects are promising.

I think such exchanges is about to be launched in Swiss, i read a news like that few weeks ago, they have obtained a lenience to open a crypto bank and I think this will really be a good idea

where did you read the news? can you share the link here so i can also read the news? if the news is true it will be good news, the bank in swiss has a good reputation, if combined with blockchain technology will be more perfect!

Any banking system, in fact, is centralized. The meaning of the decentralization of the cryptocurrency is lost. Recently, we are moving towards this faster. But after all, everything started for the sake of it.

I dont like bankers at all, this is one of the reasons why I love crypto - decentralized. There shouldn't be any "crypto bank" or other. Your crypto is your crypto, dont pass it to any "management"

Yeah you are correct but still centralized form of crypto currencies also there like Ripple and some other coins. These kind of projects are being top in the market without having any worth.
I still do not understand in which aspects the forum people and crypto users sharing investment on RIPPLE kind of coins.
Even with the decentralized medium we do not need banks because already crypto currency wallets really like banks then why we need that bro.

I think the crypto should be a bank.
They are applied blockchain technology
Block chain technology is safe, safe and does not take much time in operation.

I dont think so, bitcoin and cryptocurrency is set to be fpr the people.
1 more thing BTC have their wallet.
the price is with the people i like the way bitcoin having now.
you control it anytime you like.

If we only need to exchange this currency into another currency, we have exchanges. I don't think people would like to have a guy "manage" their cryptocurrency. Crypto bank is really not necessary.

Indeed, everybody is qualified for his feeling. My view about this is we are the brokers of our banks and therefore we needn't bother with a general crypto bank. I incline toward people controlling their advantages without anyone else's input. This is a decetralized framework.

I think there's no need for crypto banks already because there are already wallet where investors and users can store their token holdings. Banks are also representing stability of the price of the currency but it happened that cryptos are not so the concepts won't complement with each other due to the market volatility. But still, given that therr are already wallets, banks won't be that much useful.

It is an idea that is conceivable and even possible with an ICO, may be by way of a crypto-exchange with cold storage and insurance covered by a third party

I think blockchain is capable of many innovations. Well, I think it can be possible, although there might not be gaurantee on funds protection, but yet with the right team there can a crypto bank

Managing cryptos on behalf of clients seem like a 'Wall Street thing'.It is something inevitable if ETFs every get approved by the security and exchange commission SEC.

The idea may be good, I've heard about it many times, in my opinion many projects have tried to implement it, but I have not yet heard of any one that would really do it. Maybe I'm wrong!

I remember with my first campaign as bounty hunter , and that is DATARIUS CRYPTOBANK under manage by tactic and is has good platform and I think it is very useful and applicable especially to those country have legislation about cryptocurrency , but until now I don't heard if it is already operational .

It seems to me that this is the most convenient option and it is worth paying attention to it. I'm sure it will be far from cheap and so I'd better give up this option and keep the savings with little risk but for free

Maybe for the short term, not for the long term though, the whole idea is that crypto is P2P.

It would be ideal to somehow regulate the flow of cryptocurrency that is bought and sold constantly. I am sure that this method of storing cryptocurrency can come out in the negative in the financial side of the issue

I don't think that this is possible unless all countries will accept or recognize crypto currencies. But it would be an ideal way inorder to regulate the flow o crypto currency in our country.

I believe that in the future such can be created, but most likely a commercial structure. Because you will need to pay a commission or interest rate, and it will not be profitable to get a real profit.

there are advantages and disadvantages. the advantage we can get a crypto loan from a crypto bank. but the drawback is the price is changing. for example we borrow crypto 1 btc for $ 7000, then when we will return it, the price goes up to $ 9000 / btc, vice versa.

There are many projects who are working in something similar but it will take a long time before they're anywhere close to real banks. It requires huge investment and people who will put their crypto in there. I like the idea of giving insurance in your crypto assets but as someone has mentioned, whole point of crypto is peer to peer transactions which doesn't require any middle man but I suppose some people may find crypto bank useful.

This contradicts the principles of the cryptocurrency. It was stated: no centralization, no intermediaries, long live freedom.
What fundamentally will crypto bank differ from classic banks in the financial system?

I think this is not feasible. If there is a loss, the bank will be very difficult to control and trouble will happen.

I think there's no need for crypto bank in crypto world, since we have a lot of hardware wallets that we can use, and many users prefer to use it than to use crypto bank.

for me, i would love to have a crypto bank because it is very accesible and easy to those who have cryptocurrency. it is very useful in transacting with crypto curtrrncies. but since cryptocurrencies are notnyet legal nin most countries, so i think it is very hard to establish a cryptobank

For me that would be a great idea. For safety and security purposes of our holdings, crypto bank will be the answer. But it must have a very tightened security system because it will be the apple of eye of hackers.

I dont think this is good opinion as there is a loss, the bank will be very difficult to control and trouble will happen.And it will be waste of money for such bank owners because people will never use them. Further this market requires decentralization, you can see how much hate all these centralized altcoins receive.

I think this is a good solution for all crypto users, with a crypto bank, everyone can store their assets and without fear of losing, or add insurance as you say, so everyone will not be afraid of losing or worrying their assets will be hacked .

Considering that the crypt is still developing there is no need in banks. Maybe in the future such banks will appear. And now the closest thing to this is the exchangers.

Cryptos and banks sound weird to go together. They do not fit each other.

Yes, definitely we don't need to have bank because we have different kinds of wallet that more secured and also we don't need to own that because that's what we compete to eliminate in a future.

Crypto bank is a very creative idea and has a high innovation. With the existence of bank crypto then things like this will be able to increase the existence of the development of digital currency. The existence of a bank crypto will certainly make more and more people believe in the digital currency. it will also convince the government to begin regulating the digital currency. we are all waiting for the momentum, the momentum that can make digital currency has a bright future.

The existing system in Bank crypto would have similarities with the conventional bank system, if this happens then there will be a revolution in the financial system in the world !!

It's too ironic to put crypto in a "bank". I think what you mean is to have a crypto for a purpose of baking circulation. This will happen when we kill fiat currency but for now let's trust the blockchain.

Crypto bank to me is not really necessary.The only condition whereby I can advice that their should be cryptobank is for the sake of better exchange, because of people who have always had difficulties in making exchange. As a matter of fact, for now.many people are still okay with their wallets.

It is not that easy to work it out.

Let us say there could be one. (I hope not.)
Will they really sign to an agreement that every time the bitcoin price goes up and someone wants to withdraw their bitcoin immediately they will approve it?
That is high risk already for a bank. They dont want that to happen that is why they are just holding fiats and gold which have value that doesnt move much anymore.

Bitcoin aint like that. We can all see that. It fluctuates heavily.

Another thing is anonymity. You will lose it once you are using them. I doubt they will just let you come in without proofs of your identity.

I think the entire cryptocurrency market should have a complete regulatory body that can filter or completely eliminate illegal programs and fraud in the market. Because there are many illegal elements in the industry that use this industry to launder money or other improper uses.

I do not think a bank is what we need because essentially this will empower those guys running the banks which we do not want, we do not want monopoly but what we need are better transaction rates and larger acceptance of crypto in the world.

Yes because Crypto Bank will secure us and free from the worry of hackers.

I do not think that there is any need for a crypto bank, the exchanges and wallets are already serving the purpose of a storage house for our cryptos, so no need for the crypto banks. Rather, what we need is a regulatory body to control these cryptos, especially the invention of a new Ico, and its acceptance into the market.

Ordinary banks can not guarantee the safety of your money and in my view point it is even more difficult to protect the currency. I think banks do not need crypto currency.

A bank is a brought together framework. Digital money is a decentralized and free framework. I truly don't know how it can be joined, however one thing I know without a doubt. The keeping money framework prevents the advancement of the digital money. These two ideas can not be connected.

Isn't this against the whole idea of crypto?

The only reason why anyone would give insurance is if they held your private keys...which is not a good idea!

In fact, I don't particularly understand what an encrypted bank looks like. I think the reason I like Bitcoin is that I don't need a bank. I am responsible for my property. I will not choose to deposit my own cryptocurrency into the so-called "bank".

I think it can be a good idea if these type of projects come with proper security and long term plan and yeah hacker can hack anything but if they have a big amount of assets it can easily be miniized through rolling of crypto.

What for? Why is it needed? The bank is the remnants of our old financial system, no matter how much we want, people will still try to shove this terrible tool into our systems, but that will not work, because we have smart contracts, why do we need a bank?

Well i do not like to have a banking for cryptocurrency because it will just add up the transaction cost per crypto that you will going to store besides it is still the same storing that require digital wallet and as we heard news that even good exchanges could be hi jack how much more those banking system that their employee could betray the bank and will have the probability that employee will going to betray and will do an inside job of hi jacking crypto.

Yes, there's actually a crypto banks that is now on going process. I believe we need a crypto bank that will allow us to make some loan and deposit to protect our crypto assets as banks will not be destroyed it will only upgrade in a crypto banking systems.

I think this is not a good idea of having crypto bank which holds all the reserve and give insurance of our crypto assets. It is not safe if that the will be implemented because there will be a chance that scammers can easily scam our coins making fake crypto banks just like fake bounty campaigns. The technology today have a better ways by decentralized platforms not centralized.

I'm in absolute agreement portfolio security is a big issue

Is true we need a crypto bank that will allow us to make some loan and deposit to protect our crypto asset

I don't know because cryptocurrency is a story about decentralization, but with banks you must trust your data and money to third parties.

Yes, but not in the usual sense. Because modern banks are centralized, which is contrary to the principles of blockchain

I think that there should be one. That way they can help a lot of people hold their coins without them having to worry about losing passwords, emails or private keys. No matter what happens there will always be the need for banks because there are always people who do not do well in holding their own money by themselves. So someone should get on that.

CryptoBank is necessary for every person, so that it is possible to easily and instantly transfer different crypto currency between different exchanges or purses, and also transfer it to other users or cash it with a plastic card at any ATM. And use it for calculations in any store. And that all crypto money is insured. These are the dreams.

I say let the free market choose. I without a doubt would not give my advantages access some "crypto bank". It would be a programmers dream to hack that and get all the computerized resources. I think we are far more secure keeping the advantages decentralized and spread everywhere in little sums while being educated of the security circumstances we should know about.

I think that would be centralization which is just the opposite of what cryptocurrencies are all about, I would like though the governments to have more awareness of situations that would require justice in terms of cryptocurrency trading.

I think nope, because Cryptocurrency is a story about decentralization a bank is a brought together framework. Digital money is a decentralized and free framework. I truly don't know how it can be joined, however one thing I know without a doubt. The keeping money framework prevents the advancement of the digital money. These two ideas can not be connected. How about you?

I think so, it should be there a Crypto Bank. We know that digital money or crypto currency is a decentralized and free framework, but it will probably be more secure for the users saving their coins or money. However, some says that It just will limit the crypto currency. Let's we see what will happen in the future and most of users may probably don't know about it exactly. Everyone is free here to say his or her ideas.

crypto =/= bank taht what i think crypto are here to help us from evil banks and banks ruins eveything they get involved in (wont be profitable )

I think this is a development trend. It is very necessary. At the same time, it needs technical innovation to better protect our assets from hackers and ensure the safety of our assets. The traditional banks are expensive and arrogant. Creating an encrypted bank is both profitable and easy for us to live in.

First and foremost, i don't think cryptos should be described as assets. They are digital currencies which is meant to be an alternative mode for payment of goods and services. With regards to whether there should be a crypto bank, if only this crypto banks will operate under a decentralized ecosystem, having a crypto bank will not be a bad idea.

If ever a cryptocurrency bank is going to be made then we are back to square one. Cryptocurrency biggest asset and main selling point is being decentralized. That's what we find cryptocurrency appealing, now if cryptocurrency bank is going to be made then what was the purpose of cryptocurrency being decentralized in the first place.

No i'm not totally agree that there were be a crypto bank because it was not a gurantee the security of your assets when you put into crypto bank there are many hackers are planning to stole all crypto assets in the bank it is better in our own wallet.

Nope i don't think it is good since we will deviate the online system technology. It is better this way since online can eliminate corruption and big taxes.

Really, I don't think it is good idea for cryptocurrency. Because someone must control this bank.  the prophet you can get from these deposits are very small because you need to pay some commissions.   

I think that there should be one but before there should be a crypto bank they should make sure that whatever system that they are going to be running it on should be pretty much unhackable as being hacked is one of the major concerns of investing in cryptos. So if people are going to trust a crypto bank to put their money in it then they have to be sure that they can keep the money safe.

I don't think we need a Crypto Bank. Cryptocurrency is safe enough for us to keep it by ourself so no one can touch to our money if we don't lose the wallet. If well put it to the bank, the bank will become a good target to be attacked by hackers and our money can be lost easier.

There had been several attempt to create a cryptobank in fact there is a project right now that is named Cryptobank which is also doing an ICO. A bitcointalk forum staff had even announced it here in the forum the platform seem to create digital currencies like GBP, EUR and USD. This is it https://bitcointalk.org/index.php?topic=4139104.0

That's debatable. After all, the cryptocurrency was invented so that ordinary people could be independent of banks, taxes and all this. And the crypto Bank will put forward the same conditions as the state Bank. thus, gradually turning the cryptocurrency into a regular salary with taxes, interest and loans

I think that the bank is necessary, but I'm not sure that at this moment with such a specific market, you can expect a confident growth. Rather, it is a project with a riddle to the future. I expect growth by the end of next year.

this has happened. Currently coinbase floor has developed and system as an electronic money bank. In the near future electronic money will be widely traded

Cryptocurrencies are the disrupters that threaten the use case of banks. We have already see this in countries with challenging economies, where banks can steal your money, or economic mismanagement can devalue it before you have the chance to spend it.

There should be a bank for cryptocurrency because that would be the center for every transaction as well as controlling some large transactions involving the cryptocurrency market.

I don't think it's necessary, because we can master our own property. We just need to put the cryptocurrency in our wallet and then refrigerate the private key. Then no one can steal our cryptocurrency. I believe this is the safest.

It seems to me that there is no need to create an encrypted bank. Bitcoin technology is a database that creates a distributed ledger. Each of us can manage our own funds, which I don't think is necessary.

No. it's not necessary, with crypto having wallet means you become your own bank without the need of centralized organisation to save up the money for you and deducting it for fee.
Also it's against decentralized ideal we have, cryptocurrency was aimed to become a decentralized currency so there's no authorities behind it.

The purpose of the bank is to centralize the management mechanism. Blockchain is a decentralized open and transparent mechanism. I think that even if the bank was created as an encrypted bank, it is different from the original bank.

If that ever happens we are going back to the problem we have avoided in the first place. The main reason why cryptocurrency was created was to find solution to those banks who have abused their power and we created a decentralized currency. Now if we ever have banks for cryptocurrency we will make a big mistake.

Blockchain technology doesn't need a bank at all. We put our coins in the wallet and refrigerate the private key, so no one can steal our coins, so I think it is very safe, so the bank There is no role at all here.