The funniest thing ever....

[TKeenan]

http://www.coinspeaker.com/2015/06/01/switzerland-enterpreneurs-create-bitcoin-bank-9625/
This Swiss group is going to start a bitcoin only bank. 

"will provide all traditional banking services, but only with the use of the digital currency"

Clearly, they don't understand what bitcoin is.

[gkv9]

http://www.coinspeaker.com/2015/06/01/switzerland-enterpreneurs-create-bitcoin-bank-9625/
This Swiss group is going to start a bitcoin only bank. 

"will provide all traditional banking services, but only with the use of the digital currency"

Clearly, they don't understand what bitcoin is.

Do you really think they don't???
Think again...

They clearly have an intention to convert fiat black money into Bitcoins directly in order to let it look clear and safe...
This way, many people will have anonymous accounts due to which even Governments won't be able to track those Black money Bastards without the consent of this bank...

[shulio]

http://www.coinspeaker.com/2015/06/01/switzerland-enterpreneurs-create-bitcoin-bank-9625/
This Swiss group is going to start a bitcoin only bank. 

"will provide all traditional banking services, but only with the use of the digital currency"

Clearly, they don't understand what bitcoin is.

Do you really think they don't???
Think again...

They clearly have an intention to convert fiat black money into Bitcoins directly in order to let it look clear and safe...
This way, many people will have anonymous accounts due to which even Governments won't be able to track those Black money Bastards without the consent of this bank...

Some people have concern that a bank is not suitable for bitcoin. Bitcoin is created to despise bank, to leave the traditional system with fiat and banking system, that is the reason why people hate it when it comes to bitcoin bank. My thoughts is that it could be a good idea to start with this if it is transparent

[gkv9]

Some people have concern that a bank is not suitable for bitcoin. Bitcoin is created to despise bank, to leave the traditional system with fiat and banking system, that is the reason why people hate it when it comes to bitcoin bank. My thoughts is that it could be a good idea to start with this if it is transparent

Banks are not suitable, agreed, because Bitcoin is made to have our own bank in our hands itself...
But what do you mean by transparency, or you are trying to say make it centralized and show records for the same in Banking regards???

[NorrisK]

http://www.coinspeaker.com/2015/06/01/switzerland-enterpreneurs-create-bitcoin-bank-9625/
This Swiss group is going to start a bitcoin only bank. 

"will provide all traditional banking services, but only with the use of the digital currency"

Clearly, they don't understand what bitcoin is.

Do you really think they don't???
Think again...

They clearly have an intention to convert fiat black money into Bitcoins directly in order to let it look clear and safe...
This way, many people will have anonymous accounts due to which even Governments won't be able to track those Black money Bastards without the consent of this bank...

That's quite risky considering price fluctuations. They would go bankrupt if price increases by 20% suddenly.. I don't think they would do it in that way.

[Herbert2020]

http://www.coinspeaker.com/2015/06/01/switzerland-enterpreneurs-create-bitcoin-bank-9625/
This Swiss group is going to start a bitcoin only bank. 

"will provide all traditional banking services, but only with the use of the digital currency"

Clearly, they don't understand what bitcoin is.

Do you really think they don't???
Think again...

They clearly have an intention to convert fiat black money into Bitcoins directly in order to let it look clear and safe...
This way, many people will have anonymous accounts due to which even Governments won't be able to track those Black money Bastards without the consent of this bank...

That's quite risky considering price fluctuations. They would go bankrupt if price increases by 20% suddenly.. I don't think they would do it in that way.

but surely they won't only keep bags of bitcoin, they are gonna become a big whale this way and they will be able to ride the market as they want and earn huge profits this way

[jacktheking]

This could bring Bitcoin some hype. However, not many of experienced Bitcoiners will put their Bitcoin into this centralized bank. If I would to put some Bitcoin in for interest (hopefully they give) I would only put in 25% of what I have.

[Kakmakr]

Not everyone hate banks <<Did I just say that?>> Most Bitcoiners still use banks for things like mortages and loans and the payments requiring the fiat system.
If they combine the two, they might grab a share of the market, currently held by banks that does not allow Bitcoin.
If I am forced to use a bank, I will rather use a bank that are pro Bitcoin. How many people had already had their bank accounts frozen, when it was linked to Bitcoin? They spot a gap in the market, and they capitalized on it.
Take the business away from the banks, who does not acknowledge or allow Bitcoin users.    

[neoneros]

A bank does not only bank your money. They provide services that are related to money. Bitcoin specific in this case. It is more of an investment company than a real bank. You should use this service as such, be aware what you care to invest and might lose, probably not, and see where they will take you balance.

Keep You basic satoshi income in your own wallet, pay your bills and whatnot. The bank is only there if you have coins to spare or want them to disappear for a while to fool the government and their taxcollectors.  

[zahra4572]

According to some of the private authorities Swiss banks have 8000000000000$ of black money from our country.
If they will convert this money in BTC i think value of bitcoin will definitely rise.

[cakir]

This's not gonna work. They forget something about bitcoin.
"Public Ledger". How will they keep confidential user funds? Anyone on internet can check the ledger book and see what they're doing...

[Elwar]

A Bitcoin bank could provide currency conversion services so you can have a debit card, direct deposit, write checks, etc.

You write a check for dollars, it gets cashed and bitcoins in your account are converted to whatever currency the check was made for. Same for debit cards, etc.

[Pursuer]

it would be so cool of they would pay profit per month to bitcoin accounts in their bank,

if a legit bank in Swiss starts to work I think it is gonna be so good for bitcoin, it will increase the popularity of it and it is always good.

[gentlemand]

Whether we like it or not, huge numbers of people could never be bothered to be their own bank. They're more worried about their anal fissures or Taylor Swift's next outfit.

Bank-like entities are an inevitability. Most people don't want to have to think about securing that shit.

[NorrisK]

http://www.coinspeaker.com/2015/06/01/switzerland-enterpreneurs-create-bitcoin-bank-9625/
This Swiss group is going to start a bitcoin only bank. 

"will provide all traditional banking services, but only with the use of the digital currency"

Clearly, they don't understand what bitcoin is.

Do you really think they don't???
Think again...

They clearly have an intention to convert fiat black money into Bitcoins directly in order to let it look clear and safe...
This way, many people will have anonymous accounts due to which even Governments won't be able to track those Black money Bastards without the consent of this bank...

That's quite risky considering price fluctuations. They would go bankrupt if price increases by 20% suddenly.. I don't think they would do it in that way.

but surely they won't only keep bags of bitcoin, they are gonna become a big whale this way and they will be able to ride the market as they want and earn huge profits this way

What do you think the bank does with your fiat? Just hold it and do nothing with it? What pays the interest? Creating it out of thin air? Banks always invest or loan your money to someone else at a higher rate, same would be true for bitcoin.

[Unbelive]

http://www.coinspeaker.com/2015/06/01/switzerland-enterpreneurs-create-bitcoin-bank-9625/
This Swiss group is going to start a bitcoin only bank. 

"will provide all traditional banking services, but only with the use of the digital currency"

Clearly, they don't understand what bitcoin is.

Bitcoin is internet of money. It helps you to transfer some value far with low costs. Bitcoin is not a Bank. Lots of people that dont know what bank really is, thinks that bank is what Bitcoin can do.

If anyone thinks that there will be no banks with bitcoin is really wrong. Banks will use internet of money fro their services. What is allready in Bicoin will just not be their services anymore.

[subSTRATA]

http://www.coinspeaker.com/2015/06/01/switzerland-enterpreneurs-create-bitcoin-bank-9625/
This Swiss group is going to start a bitcoin only bank. 

"will provide all traditional banking services, but only with the use of the digital currency"

Clearly, they don't understand what bitcoin is.

Keep in mind that these are the Swiss of all people, and banks do not just hold your money for you and let it sit around, they always invest your money to turn large profits, and give you a little bit of that profit as 'interest' for letting them use your money. These Swiss bankers may have plans to either launder money (shady as the swiss banking business is) or to start a large scale mining project, who knows.

[AtheistAKASaneBrain]

A lot of people don't want to hold their own BTC because they don't trust themselves, and they want to have someone they can blame to if they lose their Bitcoins, since they don't want to blame themselves in the case they lose them. That is the reason Bitcoin Banks will be somewhat successful.

[thejaytiesto]

Isn't Xapo already a Bitcoin Bank? I've heard they will protect your coins in some cold storage computers shielded inside an underground bunker with security cameras and armed guards, sounds pretty cool.

[Amph]

Isn't Xapo already a Bitcoin Bank? I've heard they will protect your coins in some cold storage computers shielded inside an underground bunker with security cameras and armed guards, sounds pretty cool.

if you think about it any exchange can be considered kind like a bank, if you hold money there, many are just less secure than others

banks are welcome only if they can offer a 100% secure investments with bitcoin..i'm talking about interest like with fiat

but this will surely bring, the already little portion of the bitcoin anonimity, down