Is there an actual Bitcoin bank yet?

[pereira4]

the whole point of bitcoin is that you don't need a bank!  bitcoin enables you to be your own bank

With banking system we can easily convert it bitcoin to fiat or otherwise and with bank we can easily take our bitcoin everywhere and may be can use it

for some stores that accept this kind of payment so it will useful and that is one of the easiest way to get your own bitcoin

This can be done already with tons of ATM machines that support apps like BTCPoint o Bit2me:

http://www.coindesk.com/bitcoin-bit2me-enables-immediate-cash-withdrawals-across-its-atm-network/

Too bad in my country there are none yet, but I hope it arrives. I also hope they keep it commission free, otherwise no one will use this. Hope as well they respect privacy, or they will go bankrupt.
If those requirements are meet, then you can be withdrawing cash in seconds through normal ATM which is amazing.

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[moriartybitcoin]

any bitcoin 'bank' is likely to end up being a scam .. like trendon shavers 'bitcoin savings and trust'

[Eastwind]

any bitcoin 'bank' is likely to end up being a scam .. like trendon shavers 'bitcoin savings and trust'

Those banks can also do mixing service. You save your BTC there for some time and take it out with interest and they are already mixed with other coins.

[Tongkar]

Isn't it one of the many great things about bitcoin is not being controlled by a bank or have it as a only option to save your funds.

[RealMalatesta]

Isn't it one of the many great things about bitcoin is not being controlled by a bank or have it as a only option to save your funds.

So how does a bank "control" a currency? Are you talking about business banks or central banks?

[Erza]

the whole point of bitcoin is that you don't need a bank!  bitcoin enables you to be your own bank

With banking system we can easily convert it bitcoin to fiat or otherwise and with bank we can easily take our bitcoin everywhere and may be can use it

for some stores that accept this kind of payment so it will useful and that is one of the easiest way to get your own bitcoin

This can be done already with tons of ATM machines that support apps like BTCPoint o Bit2me:

http://www.coindesk.com/bitcoin-bit2me-enables-immediate-cash-withdrawals-across-its-atm-network/

Too bad in my country there are none yet, but I hope it arrives. I also hope they keep it commission free, otherwise no one will use this. Hope as well they respect privacy, or they will go bankrupt.
If those requirements are meet, then you can be withdrawing cash in seconds through normal ATM which is amazing.

But they charge very high fee per transaction and that will make people lose their interest on taking this kind of ATM. Better for them using banking

system that didnt charge very high fee per transaction and may be there is free of charge transaction out there

[Bitcoinpro]

the blockchain is the bank

[Eastwind]

the blockchain is the bank

Can you borrow from blockchain directly?

[neoneros]

It is the price of the houses that is wrong. The idea to spend what you do not have is wrong but it has been brought upon us by the banks as a right, creditcards are an easy way to bind people to the banking system and building debt upon debt. DO NOT DO IT!!

If you have a great idea, people can be convinced to lend you, invest in you. If you want to buy a house, save up, you can save up more in 30 years than you can pay off with interest on loans. If you start early you can buy your own house at the age of 30, the time before you could still live in your parents basement

I know it is hard to get the idea out of your head that you have the right to spend money you do not own using a credit card, but it makes you a slave to the banks.

So no answer to my questions then?

Your question being?  1. Wanting to spend money you do not have? Using a CC with 0% interest? Do you not pay for you CC usage?
2. buying a house of more than your annual income? 

I thought I said it: "The idea to spend what you do not have is wrong but it has been brought upon us by the banks as a right, creditcards are an easy way to bind people to the banking system and building debt upon debt. DO NOT DO IT!!"

If you really need money that bad you cannot wait lend it from family. But at first look at why you do not have the money to spend and if you really need to spend it!

[neoneros]

the whole point of bitcoin is that you don't need a bank!  bitcoin enables you to be your own bank

Yes, but i dont really see bank as you do. For me bank is some place where i can save money and get interests for it. And when i need money i borrow it.
And only this way OP question makes sense.
For me bank is not a network with which i can pay my bills and where i have transferred my incomes. This network part is what Bitcoin is substituting.

That is my thought. Bitcoin is like cash, blockchain enables it.

Bitcoin is not like cash, it is more like you own bank account, you can pay like it was cash or pay like it is your account from which you can pay your bills,  there is no interest, but what point is interest on your savings if you want to make a debt on the other hand? You pay more interest on the debt than you ever will recieve on you savings, so you are eating up your savings for what? Only for the banks own interest. You save more by having no debt then money on a savings account ever will bring up

[RealMalatesta]

the whole point of bitcoin is that you don't need a bank!  bitcoin enables you to be your own bank

Yes, but i dont really see bank as you do. For me bank is some place where i can save money and get interests for it. And when i need money i borrow it.
And only this way OP question makes sense.
For me bank is not a network with which i can pay my bills and where i have transferred my incomes. This network part is what Bitcoin is substituting.

That is my thought. Bitcoin is like cash, blockchain enables it.

Bitcoin is not like cash, it is more like you own bank account, you can pay like it was cash or pay like it is your account from which you can pay your bills,  there is no interest, but what point is interest on your savings if you want to make a debt on the other hand? You pay more interest on the debt than you ever will recieve on you savings, so you are eating up your savings for what? Only for the banks own interest. You save more by having no debt then money on a savings account ever will bring up

That's right in the traditional understanding of a bank. However, a Bitcoin-bank could adopt existing ways of lending, combined with a good due diligence, therefore the community could be the lender.

[Erza]

the blockchain is the bank

Can you borrow from blockchain directly?

He doesnt mean it that way. What I get from his words is blockchain can be bank because we can store all of our bitcoin in there and make any

payments so it has most the same function as bank. It doesnt mean that you can directly borrow that from blockchain. Its just literally

[Fabrizio89]

I think Andreas Antonopoulus and a company I don't recall right now are working on something like this but maybe I remember uncorrectly.

[shulio]

That's right in the traditional understanding of a bank. However, a Bitcoin-bank could adopt existing ways of lending, combined with a good due diligence, therefore the community could be the lender.

I have the same thought about this but some member are not agree with this because they thought that bitcoin is created to end the regime of a bank and traditional fiat. That is why a bitcoin-bank should not be created because in the end it will be just the same as usual bank and ofcourse not decentralize anymore

[tertius993]

It is the price of the houses that is wrong. The idea to spend what you do not have is wrong but it has been brought upon us by the banks as a right, creditcards are an easy way to bind people to the banking system and building debt upon debt. DO NOT DO IT!!

If you have a great idea, people can be convinced to lend you, invest in you. If you want to buy a house, save up, you can save up more in 30 years than you can pay off with interest on loans. If you start early you can buy your own house at the age of 30, the time before you could still live in your parents basement

I know it is hard to get the idea out of your head that you have the right to spend money you do not own using a credit card, but it makes you a slave to the banks.

So no answer to my questions then?

Your question being?  1. Wanting to spend money you do not have? Using a CC with 0% interest? Do you not pay for you CC usage?
2. buying a house of more than your annual income? 

I thought I said it: "The idea to spend what you do not have is wrong but it has been brought upon us by the banks as a right, creditcards are an easy way to bind people to the banking system and building debt upon debt. DO NOT DO IT!!"

If you really need money that bad you cannot wait lend it from family. But at first look at why you do not have the money to spend and if you really need to spend it!

No that really is not an answer.

You said that "Bitcoin was a whole bank" - so I gave two examples of services that a typical bank will provide - if Bitcoin cannot provide them then it is not a "whole bank".  The fact that you do not want or approve of those services is neither here nor there - these are services that many people find useful.

If what you mean is that "Bitcoin is all the bank which YOU want or need" then that is a different matter but cannot be extrapolated to everyone's wants or needs.

To answer your other question: I consider a credit card as a tool to spend money that I do not have to hand right now.  E.g. renting a car where you need to show ability to cover a large deposit - a credit card is perfect for that.  And no, I pay off my credit card in full every month - it costs me nothing.  In fact less than nothing as I get cashback from using it.

[Gleb Gamow]

the whole point of bitcoin is that you don't need a bank!  bitcoin enables you to be your own bank

Yes, but i dont really see bank as you do. For me bank is some place where i can save money and get interests for it. And when i need money i borrow it.
And only this way OP question makes sense.
For me bank is not a network with which i can pay my bills and where i have transferred my incomes. This network part is what Bitcoin is substituting.

That is my thought. Bitcoin is like cash, blockchain enables it.

Bitcoin is not like cash, it is more like you own bank account, you can pay like it was cash or pay like it is your account from which you can pay your bills,  there is no interest, but what point is interest on your savings if you want to make a debt on the other hand? You pay more interest on the debt than you ever will recieve on you savings, so you are eating up your savings for what? Only for the banks own interest. You save more by having no debt then money on a savings account ever will bring up

That's right in the traditional understanding of a bank. However, a Bitcoin-bank could adopt existing ways of lending, combined with a good due diligence, therefore the community could be the lender.

I have no proof that Guido Rudolphi is a nefarious actor in the cryptocurrency space, but I do believe it's prudent he comes out declaring his moniker used on this forum along with his full intent for his and seven partner's Bitcoin Bank.

Guido owns http://www.cryptocash.ch/ and http://btc-dd.com/ (BTC Due Diligence), among other crypto-based entities and lateral concerns.

[cellard]

any bitcoin 'bank' is likely to end up being a scam .. like trendon shavers 'bitcoin savings and trust'

Not if they get regulated by federal laws and the bank owners get put to prison if they fuck with people's money. The problem with lack of regulation is things like "BTC Banks" arent really possible, otherwise it would work.

[RealMalatesta]

the whole point of bitcoin is that you don't need a bank!  bitcoin enables you to be your own bank

Yes, but i dont really see bank as you do. For me bank is some place where i can save money and get interests for it. And when i need money i borrow it.
And only this way OP question makes sense.
For me bank is not a network with which i can pay my bills and where i have transferred my incomes. This network part is what Bitcoin is substituting.

That is my thought. Bitcoin is like cash, blockchain enables it.

Bitcoin is not like cash, it is more like you own bank account, you can pay like it was cash or pay like it is your account from which you can pay your bills,  there is no interest, but what point is interest on your savings if you want to make a debt on the other hand? You pay more interest on the debt than you ever will recieve on you savings, so you are eating up your savings for what? Only for the banks own interest. You save more by having no debt then money on a savings account ever will bring up

That's right in the traditional understanding of a bank. However, a Bitcoin-bank could adopt existing ways of lending, combined with a good due diligence, therefore the community could be the lender.

I have no proof that Guido Rudolphi is a nefarious actor in the cryptocurrency space, but I do believe it's prudent he comes out declaring his moniker used on this forum along with his full intent for his and seven partner's Bitcoin Bank.

Guido owns http://www.cryptocash.ch/ and http://btc-dd.com/ (BTC Due Diligence), among other crypto-based entities and lateral concerns.

I can confirm the moniker - regarding the plans, I have to wait a little bit more. I can't go too deep into details at the moment for regulatory reasons. However, if someone is interested, he or she may also contact me by pm.

[neoneros]

It is the price of the houses that is wrong. The idea to spend what you do not have is wrong but it has been brought upon us by the banks as a right, creditcards are an easy way to bind people to the banking system and building debt upon debt. DO NOT DO IT!!

If you have a great idea, people can be convinced to lend you, invest in you. If you want to buy a house, save up, you can save up more in 30 years than you can pay off with interest on loans. If you start early you can buy your own house at the age of 30, the time before you could still live in your parents basement

I know it is hard to get the idea out of your head that you have the right to spend money you do not own using a credit card, but it makes you a slave to the banks.

So no answer to my questions then?

Your question being?  1. Wanting to spend money you do not have? Using a CC with 0% interest? Do you not pay for you CC usage?
2. buying a house of more than your annual income? 

I thought I said it: "The idea to spend what you do not have is wrong but it has been brought upon us by the banks as a right, creditcards are an easy way to bind people to the banking system and building debt upon debt. DO NOT DO IT!!"

If you really need money that bad you cannot wait lend it from family. But at first look at why you do not have the money to spend and if you really need to spend it!

No that really is not an answer.

You said that "Bitcoin was a whole bank" - so I gave two examples of services that a typical bank will provide - if Bitcoin cannot provide them then it is not a "whole bank".  The fact that you do not want or approve of those services is neither here nor there - these are services that many people find useful.

If what you mean is that "Bitcoin is all the bank which YOU want or need" then that is a different matter but cannot be extrapolated to everyone's wants or needs.

To answer your other question: I consider a credit card as a tool to spend money that I do not have to hand right now.  E.g. renting a car where you need to show ability to cover a large deposit - a credit card is perfect for that.  And no, I pay off my credit card in full every month - it costs me nothing.  In fact less than nothing as I get cashback from using it.

So the answer should be 'NO' before you are statisfied? It is always multiple points of view and it is indeed the way I see it. For my point of view it is a bank in my hand, it is my account on a piece of paper and inside the blockchain. I know a credit card can come in handy, I use mine a lot to pay for stuff overseas and car rental companies indeed like to have the security of getting paid and have some insurance for any possible damages. I am not familiar with the cashback on use of a credit card, where I live having a credit card costs me a fixed amount per year, having a cashback for use would be nice

Indeed, the blockchain does not provide some services a bank does, but the basic concept of a bank is not the bank that banks have become, they have developed side products to sell and earn. The blockchain does not provide you with interest, so it is not a bank in that way, if you want interest you should invest and take chances yourself or trust a third party with your coins. The blockchain does not lend you money, most banking companies do, it is where they get part of the interest for your savings from. The blockchain will never provide you with interest, unless you can effectively mine or get paid to run a full node.

The blockchain is a way to revolutionise the way we look at banking, the way we are dependant of the banks to lend us money, in stead the next step(in my opinion) to revolutionize the economy should be letting go of the spending of money we do not have. If the car rental company wants more security you could provide with an escrow service or a small insurance fee. There are many ways to provide financial services and the banks themselves should start looking into those ways, but the 'bank' is moving away from banking and into our own hands. Creditcard companies are not banks themselves. So there are possibilities for those companies to get into bitcoin.

[Gleb Gamow]

the whole point of bitcoin is that you don't need a bank!  bitcoin enables you to be your own bank

Yes, but i dont really see bank as you do. For me bank is some place where i can save money and get interests for it. And when i need money i borrow it.
And only this way OP question makes sense.
For me bank is not a network with which i can pay my bills and where i have transferred my incomes. This network part is what Bitcoin is substituting.

That is my thought. Bitcoin is like cash, blockchain enables it.

Bitcoin is not like cash, it is more like you own bank account, you can pay like it was cash or pay like it is your account from which you can pay your bills,  there is no interest, but what point is interest on your savings if you want to make a debt on the other hand? You pay more interest on the debt than you ever will recieve on you savings, so you are eating up your savings for what? Only for the banks own interest. You save more by having no debt then money on a savings account ever will bring up

That's right in the traditional understanding of a bank. However, a Bitcoin-bank could adopt existing ways of lending, combined with a good due diligence, therefore the community could be the lender.

I have no proof that Guido Rudolphi is a nefarious actor in the cryptocurrency space, but I do believe it's prudent he comes out declaring his moniker used on this forum along with his full intent for his and seven partner's Bitcoin Bank.

Guido owns http://www.cryptocash.ch/ and http://btc-dd.com/ (BTC Due Diligence), among other crypto-based entities and lateral concerns.

I can confirm the moniker - regarding the plans, I have to wait a little bit more. I can't go too deep into details at the moment for regulatory reasons. However, if someone is interested, he or she may also contact me by pm.

Personally, I could give a rat's ass to there being a Bitcoin Bank or not, but if one were to come to fruition, i.e., the one proposed in Switzerland, I'd rather have Mr. Rudolphi heading a team oppose to some unknown character.

That said, I'm none doin' the DD here.