Bank of Bitcoin

[mrhelpful]

I thought we already have a bank of bitcoin.

It has a evil face called "coinbase" where they determine who gets bitcoin and who doesnt based on where you spend it. And if you cant answer that question that youre gone.

[bitgolden]

I would say my bitcoin client itself a bank. I have facility to get or to send. Precisely saying our bitcoin client is equivalent to internet banking client. So, we are already into a free banking system.

[kromtar]

I would not jeopardize my bitcoins depositing them in a bank, nowadays you can not trust anyone.

Perhaps many people would use a bitcoin bank, either through ignorance or convenience, I certainly kept them in many address with my private key.

[Amph]

I would say my bitcoin client itself a bank. I have facility to get or to send. Precisely saying our bitcoin client is equivalent to internet banking client. So, we are already into a free banking system.

the only problem that i see on this is security, you must work a bit to ensure that your coins are safe, i know thatpeople around the word don't like to do this, they think it's better to trust the bank and their government, for the security of their money

a better example of bank of bitcoin right now would be xapo or any other centralized autorithy that deal with bitcoin, and while they are against what bitcoin is,

i'm sure they can help bitcoin grow indirectly, by increasing the acceptance among those that find hard securing their coins

[gablay12]

How do you define bank?In my opinion bank is where people deposits their money, and bank lends it to credible lenders with an acceptable interest for defined time.

If I borrow money either in BTC or BTC price related differential financial instruments I would be doubtful about the daily volume of BTC.The reason is the volume is so little that it can be manipulated very easily (I am not talking about speculation but manipulation).

[pitham1]

I would say my bitcoin client itself a bank. I have facility to get or to send. Precisely saying our bitcoin client is equivalent to internet banking client. So, we are already into a free banking system.

Your client is a bank which doesn't pay interest. Your bitcoin client is the equivalent to a pillow - under which you stuff your cash. 

[qiwoman2]

I think a bitcoin cooperative type of bank would be good because that way all the participants in the bank could earn a dividend from all the activities and profits the banks make thus being a real People's bank as opposed to just milking us to feed the wall street shark CEOs.

[coinplus]

I run my bitcoin bank in my computer. The basic objective of satoshi is to provide banking facility to everyone with zero trust. It means anybody can run their own banking system. Our wallet is very much equivalent to a bank. So, I'm not thinking of a traditional style of banking for bitcoin.

[bitgolden]

I run my bitcoin bank in my computer. The basic objective of satoshi is to provide banking facility to everyone with zero trust. It means anybody can run their own banking system. Our wallet is very much equivalent to a bank. So, I'm not thinking of a traditional style of banking for bitcoin.

Nice innovative thinking. I need to accept my wallet as a banking model like satoshi dreamed to bring every internet user. I need to second satoshis idea of owning banking system without trusting any government or central bank. I feel proud of myself as being a bitcoin user, because I own a bank now.

[OROBTC]

It is a good idea. This will improve the safety of Bitcoin. And expand many features.

such as? Questionable anonymity, going against its major feature of being your own bank, letting third party handle your transactions, give out your btc to others in order to lend btc and make more btc in return, it will all how the financial institutions are right now: Broken. We all rant about how bitcoin could fix the problems fiat endure, then why try to make it just like fiat?

Yup.  I do not see a large demand for BTC loans (as a legitimate borrower or lender) at least for now.

The Central Bank of OROBTC will just HODL its BTC, or spend some of them on gold...  A nice thing about BTC is that you can take them with you without worrying about TSA, Customs, etc.

[wearepoor]

I don't think that it will be a good idea for Bitcoins Banks. The best thing about bitcoins is we are our own bank, this is like a freedom from traditional banking system and many people are attracted towards bitcoins for the same unique reason. If there are banks for bitcoins then there will be nothing new between bitcoins and traditional currencies.

[BillyBobZorton]

I would say my bitcoin client itself a bank. I have facility to get or to send. Precisely saying our bitcoin client is equivalent to internet banking client. So, we are already into a free banking system.

the only problem that i see on this is security, you must work a bit to ensure that your coins are safe, i know thatpeople around the word don't like to do this, they think it's better to trust the bank and their government, for the security of their money

a better example of bank of bitcoin right now would be xapo or any other centralized autorithy that deal with bitcoin, and while they are against what bitcoin is,

i'm sure they can help bitcoin grow indirectly, by increasing the acceptance among those that find hard securing their coins

I think most people will resort to services like Xapo rather than hold all of their coins. They will hold some, then the big stack will go on Xapo so if they lose their coins they can blame them and not themselves. People dont like responsibility, it is what it is.
I would like to see a way ot make money from passive interest, having your coins sitting in your wallet with nothing better to do is a bit boring, I would like to play with at least 20% and trading is too risky, but yet again stuff like BTCJam is risky as hell too.

[MasterYii]

Lending bussiness is something a very potential in the bitcoin world...we know tbat there are many websites which give us a loan in any value i.e btcjam, bitlendingclub...but the problem is when we want to get the loan from those sites...the loan have to bu fulled by the other member there as an investors and if there is no investor that can fulled our loan its mean we can't get the loan...
it can be different where there is a company that operated like the "Bank" system they supply the neccesary of the loan from thw customers with their own money...
my question is there any bitcoin startup which operated like a conventional bank for bitcoin ecosystem

Good point sure we need this kind bank, so that we can choose what we want with our biticoins and there will be a safer place to keep our biticoins, sure bank is safe right.

[zero01]

very remarkable if bitcoin has a bank in the real world
all transactions using bitcoin will become easier

[dendyhura]

bitcoin can do. and it just takes time

[Hazir]

I agree with you and the security for holding bitcoin personally is one of the many reason that can be the opportunity to bitcoin bank...and it is mean if i hold my bitcoi. in my wallet on my hardisk and then suddenly something wrong happen causes we lost our bitcoin and nothing to do ..but if we save our bitcoin to the bitcoin bank and if something happen to bitcoin wellet on the bank...and if this bappen we can claim our bitcoin to the bitcoin bank

This is completely wrong assumption and you are being manipulated into thinking that bitcoin can't be perfectly secure in your own hands.
You don't need bank to manage your coins, you don't need secure vault to be sure that your coins are safe, all you need is a little common sense!

[NoRespect]

It is a good idea. This will improve the safety of Bitcoin. And expand many features.

well, really cool if there was a real bitcoin bank
all transactions made easier

[koinsuka]

I think if bitcoin use this system, will centralized by conventional bank and exchanger marketplace can't independent to play fluktuation rates

[n2004al]

It will be a fantastic choice if it can be found a bank of bitcoin. Most and first of all because will increase at maximum the faith of the simple people in this currency. In this way people will see bitcoin a seriousness money and will begin to act more normally with it. It will be problem only that bitcoin is treated differently in different countries and this can be a problem for the acting of this bank. It's ok that it can not have activity with those (or have limited activity based in their rules) but the today world is so complicated and connected so this behavior can stop to much the normal activity of such bank.

[novadragon]

I think if bitcoin use this system, will centralized by conventional bank and exchanger marketplace can't independent to play fluktuation rates

so basically if there bitcoin bank, there will be two currencies used a country, so the economy becomes unstable