defcon23 (OP)
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May 30, 2015, 07:10:17 AM |
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ShetKid
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May 30, 2015, 07:13:28 AM |
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It is actually bad for bitcoin as it takes away the decentralized part away from bitcoin. And it is hard to trust them as they might sell for fiat for their further investments.
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shulio
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May 30, 2015, 07:16:06 AM |
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It is actually bad for bitcoin as it takes away the decentralized part away from bitcoin. And it is hard to trust them as they might sell for fiat for their further investments.
This is what "bank" do to earn profit. They use our fundsthat we save to lend people with some huge interest or use the funds for trading to get more of it. Bank is designed to get money not to give free interest for everyone but I dont see why it taken the decentralized part away, so keeping bitcoin in one place is decentralized now? |
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defcon23 (OP)
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May 30, 2015, 07:16:25 AM |
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It is actually bad for bitcoin as it takes away the decentralized part away from bitcoin. And it is hard to trust them as they might sell for fiat for their further investments.
yeah.. you're absolutely right.. indeed.  |
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BitBatFan
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May 30, 2015, 07:17:00 AM |
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Why would I even want to put bitcoins in a bank!?  |
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shulio
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May 30, 2015, 07:20:28 AM |
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Why would I even want to put bitcoins in a bank!? To earn interest from the bank and also for security. The same thing on why people want to keep their money in bank, for security and also to get interest. People love to multiply their money by putting it on the bank, I dont see why this is not a good idea, it could be a good idea if the bank is transparent |
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Jeremycoin
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𝓗𝓞𝓓𝓛
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May 30, 2015, 07:43:27 AM |
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Why would I even want to put bitcoins in a bank!? To earn interest from the bank and also for security. The same thing on why people want to keep their money in bank, for security and also to get interest. People love to multiply their money by putting it on the bank, I dont see why this is not a good idea, it could be a good idea if the bank is transparent Because the main idea of Bitcoin is decentralized digital currency, which mean Bitcoin is not controlled by any Bank. Just like in the "What is Bitcoin?" video  |
faucet used to be profitable |
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LiteCoinGuy
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In Satoshi I Trust
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May 30, 2015, 07:50:32 AM |
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Why would I even want to put bitcoins in a bank!? because the average joe cant even keep 1000 USD on this phone or on his computer. he will lose the money / get hacked. |
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Amph
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May 30, 2015, 07:58:35 AM |
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Why would I even want to put bitcoins in a bank!? To earn interest from the bank and also for security. The same thing on why people want to keep their money in bank, for security and also to get interest. People love to multiply their money by putting it on the bank, I dont see why this is not a good idea, it could be a good idea if the bank is transparent so they can be considered a trusted ponzi? we are here because we don't trust bank, and you are saying to help them making bitcoin centralized, no tnx... better to have pos coin then, at least you can earn interest without someone else holding your money |
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okae
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northern exposure
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May 30, 2015, 03:49:14 PM |
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It is actually bad for bitcoin as it takes away the decentralized part away from bitcoin. And it is hard to trust them as they might sell for fiat for their further investments.
i agreee with you 100%, you are in truth man, this is really bad for us i think, one of the most important thing of bitcoin is the desentralized part, with this we are going to the opposite way. Dont forget that desentralized exchanges are comming, that exactly what we need and not those things trying to bring BTC to the centralizated side... |
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BillyBobZorton
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May 30, 2015, 03:54:41 PM |
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It is actually bad for bitcoin as it takes away the decentralized part away from bitcoin. And it is hard to trust them as they might sell for fiat for their further investments.
How in hell does this take Bitcoins decentralized part away from it? The blockchain is still going to work exactly as it does now.. and Xapo is in btw the first "Bitcoin bank". |
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countryfree
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Your country may be your worst enemy
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May 30, 2015, 04:00:42 PM |
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Poor article, it doesn't say a word about what this bank is going to do. Who will be its customers? It's already very easy to buy and sell BTC in Switzerland. What is going to change with this bank? What will be better?
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I used to be a citizen and a taxpayer. Those days are long gone.
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jmurjeff
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May 30, 2015, 04:01:03 PM |
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It is actually bad for bitcoin as it takes away the decentralized part away from bitcoin. And it is hard to trust them as they might sell for fiat for their further investments.
But what is the difference from big time services like coinbase, circle, and sites like that? Now I know they do not loan money but I am not seeing what the issue is. |
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Meuh6879
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May 30, 2015, 04:04:02 PM |
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BANK in Bitcoin network ...  
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defcon23 (OP)
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May 30, 2015, 04:59:11 PM
Last edit: May 30, 2015, 05:11:06 PM by defcon23 |
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jaberwock
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May 30, 2015, 07:26:42 PM |
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genesis block: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks[2] Now they are opening a Bitcoin bank  The revolution has been betrayed |
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coinableS
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May 30, 2015, 07:32:15 PM |
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It is actually bad for bitcoin as it takes away the decentralized part away from bitcoin. And it is hard to trust them as they might sell for fiat for their further investments.
People have a tough time adopting to new concepts that didn't exist before. All they know is they way is has been, and it's difficult to change the way something has been done their entire lives. They try to push it into something they already know, which is what we are seeing here.  |
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Chef Ramsay
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May 30, 2015, 08:51:00 PM |
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I figured that most of the reception of this would be negative. If you guys ever want greater adoption there has to be third party holding services for newer folks to feel more secure in their holdings. Otherwise, this market will remain niche, case closed.
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Gleb Gamow
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May 30, 2015, 09:32:34 PM |
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