First Ever Bitcoin Bank to be Opened in Switzerland?

[defcon23]

Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.

Dear louise123, + 1 for you 

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[Gleb Gamow]

Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.

Sure, anybody could be a bank, but nobody could be a mountain.


"And that's where Guido stores our bitcoins."

[Alley]

Whenever somebody mentions bitcoin bank around here all the elitists come out of the wordwork to tell us how stupid we all are.

[Gleb Gamow]

I've said it once (in another thread) and I'll say it again. "Bitcoin bank" is just another turn of phrase for "scam".

Guido owns Kalix LTD.

https://who.godaddy.com/whoisstd.aspx?domain=beepip.com&prog_id=GoDaddy&k=7CSG3xN33Ipen4ioBJ9OBvLn8FNzGUbkigdZjRG7LUpVmcVpqnb3apVvApJWitHB

Domain Name: BEEPIP.COM
Registry Domain ID: 1847063474_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.publicdomainregistry.com
Registrar URL: www.publicdomainregistry.com
Updated Date: 2015-03-26T13:31:03Z
Creation Date: 2014-02-18T04:49:08Z
Registrar Registration Expiration Date: 2016-02-18T04:49:08Z
Registrar: PDR Ltd. d/b/a PublicDomainRegistry.com
Registrar IANA ID: 303
Domain Status: clientTransferProhibited
https://icann.org/epp#clientTransferProhibited
Registry Registrant ID:
Registrant Name: Kalix LTD
Registrant Organization: Kalix LTD
Registrant Street: Po Box 27191
Registrant City: Christchurch
Registrant State/Province: Canterbury
Registrant Postal Code: 8064
Registrant Country: NZ
Registrant Phone: +64.0273282521

http://beepip.com/

And, once YOUR bitcoins are in Bank of Bitcoin-cum-[secret] Swiss Alps mountain, email a love one your password via Guido's, the spy expert, other business model, protecting your emails from...wait for it...(you guessed it - SPIES).

QUESTION: Am I the only fucker connecting the dots here?

Ring! Ring! Ring!

: Hello.
GR: Hello, Satoshi.
NS: Excuse me.
GR: Gig's up. This is Guido.
NS: What took you so long to find me?
GR: Been busy and didn't have ten minutes to spare.
NS: What do you want?
GR: A bank.
NS: Gulp!

Take a look at all the entities utilizing the same server that Spy-proof eMail is on: http://who.is/nameserver/ns3.ititch.com/

[Gleb Gamow]

At 2:53 mark: https://www.youtube.com/watch?v=ieXZTmEw0qA

http://www.journeyman.tv/?lid=60020&tmpl=transcript

"There is the famous example of the nice, young blonde boy you meet in the chat room who turns out to be a 240 kilo man with a spot on his nose. This is a little simplistic, but it’s what we see happening all the time. A company might present itself well in its prospectus, but online they have a password-locked homepage, and if you break in you can see that the balance sheets for the next five years have already been cooked and that the company doesn’t exist at all."

Show me a man who stated the above and I'll show you a myriad of entities exercising what was espoused, i.e., https://twitter.com/usdAG, the first entity following https://twitter.com/fairpartners/followers, both entities directly related to Guido.

http://www.peoplexpert.ch/media/pdf/vita-mm-e.pdf

usd AG, Langen, Germany    Member of the Board of Directors

http://website.informer.com/bitcoin-auctions.net#tab_whois

Domain Name: BITCOIN-AUCTIONS.NET
Registry Domain ID: 1847407347_DOMAIN_NET-VRSN
Registrar WHOIS Server: whois.publicdomainregistry.com
Registrar URL: www.publicdomainregistry.com
Updated Date: 2015-02-20T19:14:44Z
Creation Date: 2014-02-20T11:35:24Z
Registrar Registration Expiration Date: 2015-02-20T11:35:24Z
Registrar: PDR Ltd. d/b/a PublicDomainRegistry.com
Registrar IANA ID: 303
Registrar Abuse Contact Email: abuse-contact@publicdomainregistry.com
Registrar Abuse Contact Phone: +1-2013775952
Domain Status: clientTransferProhibited (http://icann.org/epp#clientTransferProhibited)
Registry Registrant ID:
Registrant Name: Rudolphi
Registrant Organization: Cryptocash AG
Registrant Street: Seestrasse 110a
Registrant City: Uster
Registrant State/Province: Zürich(de)
Registrant Postal Code: 8610
Registrant Country: CH
Registrant Phone: +41.792934328

http://www.peoplexpert.ch/

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[Gleb Gamow]

In case you're wondering if Guido speaks fluent English: http://www.netmon.ch/bbc.php

[Borisz]

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...

I feel funny about the word decentralized these days, when the average user simply cannot mine the coins, but relies on buying them from farm owners. But ye, you can keep it in your decentralized wallet, like keeping a gold bar in your basement.

A trusted bank could boost bitcoin adoption for those users who cannot download a bitcoin client and use it. There are a lot of them. Of course, if you are registered here and reading this then you are most likely capable of dealing with bitcoins to a certain extent, but that cannot be told of the general public. Sometimes I don't see why the average user would use bitcoin if they can use (and are used to) banks/cash etc. For some it is just too complicated. An easy application like this may be the solution, maybe not.

[Eastwind]

A trusted bank could boost bitcoin adoption for those users who cannot download a bitcoin client and use it. There are a lot of them. Of course, if you are registered here and reading this then you are most likely capable of dealing with bitcoins to a certain extent, but that cannot be told of the general public. Sometimes I don't see why the average user would use bitcoin if they can use (and are used to) banks/cash etc. For some it is just too complicated. An easy application like this may be the solution, maybe not.

A bank is useful for saving/loan of the BTC. It could also be useful for the instant transaction of BTC (same as buying stuff in supermarket with a credit card)  which cannot be realized with 10 mins  or even shorter block time. As we save the BTC in the bank, the transaction will also not seen on the block chain, thus the bloating of block chain is less a problem.

[RealMalatesta]

Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.

Sure, anybody could be a bank, but nobody could be a mountain.


"And that's where Guido stores our bitcoins."

Your picture is fake - just went up there to search for the promised Bitcoins, but everything was covered in snow:

[Q7]

I don't understand why we need banks in the first place. Managing your own wallet doesn't get harder than that and obviously I don't need a service of a third party and especially I'm not going to entrust anyone to manage private key in my behalf. Also it might confuse people to think that bitcoin functions the same way as fiat which it doesn't in the first place.

[HeroCat]

I do not think it could be BTC bank in Switzerland - to open bank in Switzerland you need a lot of own capital, and there are other rules too. It is not so easy and fast. Switzerland have own bank laws, in fact it is real bank country  

[defcon23]

I do not think it could be BTC bank in Switzerland - to open bank in Switzerland you need a lot of own capital, and there are other rules too. It is not so easy and fast. Switzerland have own bank laws, in fact it is real bank country  

indeed... 

[defcon23]

ECUREX Becomes First Digital Currency Exchange Platform To Comply With Swiss Banking Act

https://www.cryptocoinsnews.com/ecurex-becomes-first-digital-currency-exchange-platform-comply-swiss-banking-act/

[countryfree]

ECUREX Becomes First Digital Currency Exchange Platform To Comply With Swiss Banking Act

https://www.cryptocoinsnews.com/ecurex-becomes-first-digital-currency-exchange-platform-comply-swiss-banking-act/

That's only the beginning. Now, we have to find out what this bank will actually propose to its customers. Will it give interests on BTC deposits as regular banks do with cash? Will you be able to get a loan to buy a house?

[hunkey600]

Fuck man, this is a bad news...bank for bitcoins, then it is a normal currency now.

[ThEmporium]

I don't get it.

First we invent BTC to sac the bankers.

Then we establish Bitcoin bank to give birth to new breeds of bankers.

Confused...

The problem here is if Bitcoin fall into conventional banking, there is a big chance that it's coin value pegged down deep. I do not trust any more these conventional banking, I would like to see the Bitcoin in its own trading stand apart from other banking methods. Bitcoins stands first for security and transparency, I am afraid that will it keep that trust for long time.

[funkenstein]

This is also the first ever post to bitcointalk.org.

Pretty cool eh? 

[Amph]

Fuck man, this is a bad news...bank for bitcoins, then it is a normal currency now.

just don't use like you do with fiat, and nothing will change, those bank for bitcoin are born because many can't have full control over their bitcoin, and aren't good enough at security

if this will help adoption, then it's welcome

[Unbelive]

Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.

Sure, anybody could be a bank, but nobody could be a mountain.


"And that's where Guido stores our bitcoins."

Your picture is fake - just went up there to search for the promised Bitcoins, but everything was covered in snow:

So you are saying this Swiss guys are storing Bitcoins people deposit there inside fake Mountain?
Can that be true? You have any other picture or other evidence to confirm your claim?

[RealMalatesta]

Is there really a need for a Bitcoin bank?
I thought the whole purpose of Bitcoin is to avoid banks.
To be your own bank.

Sure, anybody could be a bank, but nobody could be a mountain.

"And that's where Guido stores our bitcoins."

Your picture is fake - just went up there to search for the promised Bitcoins, but everything was covered in snow:

So you are saying this Swiss guys are storing Bitcoins people deposit there inside fake Mountain?
Can that be true? You have any other picture or other evidence to confirm your claim?

No. We Swiss use mountain goats to stomp QR_codes into the snow. Then we turn it with a little help of water into ice. So the only way to read the code is to fly high or to use a QR-sniffing-dog.