ToQcHista (OP)
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ToQcHista
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April 24, 2015, 12:27:52 PM |
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" I tie a rope around my penis and jump from a tree "
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Whoever mines the block which ends up containing your transaction will get its fee.
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medUSA
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--Signature Designs-- http://bit.ly/1Pjbx77
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April 24, 2015, 12:52:25 PM |
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I am not against a bitcoin bank in principle. I am worried about fractional-reserve banking and inflating bitcoin supply. When that happens, we are back to square one. |
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Amph
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April 24, 2015, 02:44:58 PM |
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so if i'll deposit there my bitcoin, could i earn interests on my deposit like a regular bank? and i expect also that they will cover me from possible loss/stealing, when dealing with merchants
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Lauda
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Terminated.
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April 24, 2015, 04:44:30 PM |
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so if i'll deposit there my bitcoin, could i earn interests on my deposit like a regular bank? and i expect also that they will cover me from possible loss/stealing, when dealing with merchants
Well this depends. Are they going to be almost identical to a bank and offer loans (not as easy as with fiat)? If that is the case then they can let you store Bitcoin there. Although you're not from the US so opening an account might not be as easy as you think. We will see how this resolves in the future. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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bandana
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April 24, 2015, 04:52:11 PM |
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I am not against a bitcoin bank in principle. I am worried about fractional-reserve banking and inflating bitcoin supply. When that happens, we are back to square one. I say some sites like itbit.com and it seems that they are going to convert the btc into $$.so in that case what if bitcoin price rises 100$ and then they will be unavalable to pay u back.isn't it? |
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Amph
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April 25, 2015, 06:59:34 AM |
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so if i'll deposit there my bitcoin, could i earn interests on my deposit like a regular bank? and i expect also that they will cover me from possible loss/stealing, when dealing with merchants
Well this depends. Are they going to be almost identical to a bank and offer loans (not as easy as with fiat)? If that is the case then they can let you store Bitcoin there. Although you're not from the US so opening an account might not be as easy as you think. We will see how this resolves in the future. well i was talking in general, i presume that those new banks of bitcoin, will begin to raise very quickly, after the first one will be established enough i expect another one in germany(they are usually fast in following "new trends") if it would be advantageous for them |
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medUSA
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--Signature Designs-- http://bit.ly/1Pjbx77
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April 25, 2015, 11:49:37 AM |
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I am not against a bitcoin bank in principle. I am worried about fractional-reserve banking and inflating bitcoin supply. When that happens, we are back to square one.
I say some sites like itbit.com and it seems that they are going to convert the btc into $$.so in that case what if bitcoin price rises 100$ and then they will be unavalable to pay u back.isn't it? ItBit is an exchange now and applying for a banking licence. I hope they are going accept deposits and operate like a conventional fiat bank, but adds a seamless bitcoin integration as a "foreign currency". They will offer loans only in fiat with an option to convert to bitcoin at a special rate. |
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BitCoinMadness
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April 26, 2015, 06:11:42 PM |
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ItBit is an exchange now and applying for a banking licence. I hope they are going accept deposits and operate like a conventional fiat bank, but adds a seamless bitcoin integration as a "foreign currency". They will offer loans only in fiat with an option to convert to bitcoin at a special rate.
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This would be great and set the standard for how easy it should be to use your bank to buy and sell bitcoins. If this becomes the norm across the banking industry, then bitcoin will have a legit chance for mainstream adoption.
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cellard
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May 05, 2015, 03:27:59 PM |
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so if i'll deposit there my bitcoin, could i earn interests on my deposit like a regular bank? and i expect also that they will cover me from possible loss/stealing, when dealing with merchants
I don't think the risk of not owning your own BTC is worth the small interest (I presume) that one could make unless you are legit rich. |
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toqchista2
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May 05, 2015, 05:33:29 PM |
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Where is bank ?
Probably already must be create bank .
How long time begin itbit bank create ?
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Amph
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May 05, 2015, 07:09:31 PM |
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Where is bank ?
Probably already must be create bank .
How long time begin itbit bank create ?
they are already ready, the bank is there(they are an exchange), they just need a licence to be regulated in new york, which is apparently coming in two weeks https://bitcoinmagazine.com/20179/itbit-files-banking-license-new-york/ |
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Kyle1836
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★YoBit.Net★ 100+ Coins Exchange & Dice
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May 06, 2015, 02:11:55 PM |
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Sounds great to me! As I am only a couple hour drive from NY, but why use a bank when we have our wallets at home?
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toqchista2
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May 06, 2015, 03:01:38 PM |
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When will be ready bank ? Probably already passes 2 week |
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amazon4u
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Selling Stuff 20% OFF ! See my signature
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May 07, 2015, 01:51:13 PM |
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I don't get it.....so they will only operate as a bank in new york ? What about the other states ? For example coinbase has USD wallets only in half of the US states, these guys will only operate for NY residents ? seems odd.... |
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medUSA
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--Signature Designs-- http://bit.ly/1Pjbx77
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May 08, 2015, 11:05:45 AM |
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I don't get it.....so they will only operate as a bank in new york ? What about the other states ? For example coinbase has USD wallets only in half of the US states, these guys will only operate for NY residents ? seems odd....
itbit is not becoming a consumer bank (it would be nice). It is acquiring licenses to be on the right side of the law. According to this "techcrunch" article ( http://techcrunch.com/2015/05/07...), itBit is the "only US-chartered and supervised bitcoin exchange that’s compliant with both New York and federal law". If this is true, traders would be more confident trading there. |
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amazon4u
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Selling Stuff 20% OFF ! See my signature
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May 08, 2015, 01:00:58 PM |
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I don't get it.....so they will only operate as a bank in new york ? What about the other states ? For example coinbase has USD wallets only in half of the US states, these guys will only operate for NY residents ? seems odd....
itbit is not becoming a consumer bank (it would be nice). It is acquiring licenses to be on the right side of the law. According to this "techcrunch" article ( http://techcrunch.com/2015/05/07...), itBit is the "only US-chartered and supervised bitcoin exchange that’s compliant with both New York and federal law". If this is true, traders would be more confident trading there. Yeah , but why is Coinbase struggling to get USD wallets for all the US states , when these guys (Itbit) got approval for all US states in one go by applying for a different license ? Basically ItBit can keep USD wallets for all US customers in all states with this license and their USD funds are insured by FDIC ? This is by far the easiest road ahead...., why Coinbase didn't try this ? They pay a lot of lawyers and advisers for them to be able what ITBit does now...after these news got out I guess somebody at Coinbase is really mad on its lawyers... |
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crazyearner
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May 10, 2015, 08:28:19 PM |
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Good in some ways others bad. If it was to go mainstream then many could simply open account deposit gain interest but again am all for banks accepting it but would cause so many problems than cure.
Eventually if mainstream bank accepted it then they would be admitting defeat but then what happens with our coins do they have control over them Id be making sure first if they where any pros and cons nation wide got closed down and many had accounts with them and lost a lot and nothing got done. Think am going to stick with my coin in my wallet first before going bank and them taking off me.
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Pab
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May 14, 2015, 05:04:54 PM |
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I think it can nicely serve for bitcoin legitimacy
and i think than will be similar services in Europe,Germany,Uk
There is of EU comission with his digital money departmant already established
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Benjig
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May 21, 2015, 08:45:35 PM |
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Wasn't bitcoin supposed to be a bank killer? =)))
Until very recently, Bitcoins could be mistaken for just another Internet fad. But when federal law enforcement closed “Silk Road,” politicians and policy makers took notice. Criminals, it turns out, really like bitcoins, which can be exchanged for nefarious purposes on the "Dark Web," with complete anonymity and, it seems, impunity. So Bitcoin needs to clean its name. Maybe that will hurt us but, anyways this could help it mainstream someday. |
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