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Author Topic: Bitcoin Bank???  (Read 45643 times)
Xubu
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December 07, 2015, 09:51:19 PM
 #101

I would trust my Bitcoins to an ensured Bank if they promise a nice interest rate. I know its against BTC decentralized ideology. But just holding BTC is unprofitable in the way that your amount of BTC won't grow.
kyrios_
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December 08, 2015, 01:11:12 PM
 #102

LOL

bitcoin and bank are not words that go along in the same sentence.

The decentralization is it's main feature, wouldn't make any sense a bank that would get power and jeopardize the coin market freedom.


Having private banks is not a contradiction to decentralization.

BTC holders would not have to use a bank, and would not be subject to the whim of a central (government) bank.

Most people with assets are too busy to worry about the minutiae of earning interest or trading revenue from their assets.

They are happy to get a somewhat lower return for someone else to do the work.

It doesn't have to be a centralized bank per se, it could be a place where u could store your money and they use it in mining investments for example and they pay you interest. Not traditional banks
bitlancr
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December 08, 2015, 01:43:41 PM
 #103

LOL

bitcoin and bank are not words that go along in the same sentence.

The decentralization is it's main feature, wouldn't make any sense a bank that would get power and jeopardize the coin market freedom.


Having private banks is not a contradiction to decentralization.

BTC holders would not have to use a bank, and would not be subject to the whim of a central (government) bank.

Most people with assets are too busy to worry about the minutiae of earning interest or trading revenue from their assets.

They are happy to get a somewhat lower return for someone else to do the work.

It doesn't have to be a centralized bank per se, it could be a place where u could store your money and they use it in mining investments for example and they pay you interest. Not traditional banks

I wouldn't trust any bank, banks are made to make profits of off people, that's why they go loans. That's how banks keep going in debts they keep giving out loans and those loans come from people who put their money in the bank into a savings account.
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December 08, 2015, 01:45:41 PM
 #104

If I want a bank to hold my funds I wouldn't use Bitcoin. That's big paradox. Bitcoin Bank is unnecessary, it's like you have gold but you use your gold to dig stone.

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December 08, 2015, 01:51:27 PM
 #105

I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
this, this
U don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone Smiley
LuckyYOU
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December 08, 2015, 01:57:17 PM
 #106

I don't think there is a bank that holds bitcoins. There's not need for this either.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.

goinmerry
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December 08, 2015, 06:13:55 PM
 #107

IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?

If you like you can put your coins to the exchange sites, some what deposit if there, you're already a Hero you should know.  Unless of course this account was sold and you bought it.

Despite My rank I am just a normal human being which is impossible to know everything going on in this world
but that is the purpose of this forum, so we all can gain more knowledge about Bitcoin

with all due respect, I think it is wise to review your words before you post it, your sentence about I bought this account I found it provocative offending and insulting
i feel like my reputation become bad due to your false accusation

and for your answer about exchanger : exchanger doesnt provide any interest

Owned! We are all here to gain some knowledge. That is what the forum is for right? To share and review some things regarding bitcoin.

Thanks for the good question though. But I also am reading some replies and I see there are some but we still dont know if it is just a scam or whatever.
Xubu
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December 08, 2015, 06:44:38 PM
 #108

If I want a bank to hold my funds I wouldn't use Bitcoin. That's big paradox. Bitcoin Bank is unnecessary, it's like you have gold but you use your gold to dig stone.
That is not true. digging stones with your gold amount doesn't grow your amount of gold. A bank has interests.
Amph
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December 08, 2015, 06:57:18 PM
 #109

I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
this, this
U don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone Smiley

but you can not have more bitcoin by simply holding bitcoin, unless in the future they will change the algo to pos or hybrid or something else akin to it
virtualx
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December 08, 2015, 07:00:15 PM
 #110

I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
this, this
U don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone Smiley

but you can not have more bitcoin by simply holding bitcoin, unless in the future they will change the algo to pos or hybrid or something else akin to it

That's true. To get more bitcoin you have to invest or trade your time. However, investing in a bitcoin bank seems like a scam. How can you assure they won't run off with the money?

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Amph
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December 08, 2015, 07:32:07 PM
 #111

I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
this, this
U don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone Smiley

but you can not have more bitcoin by simply holding bitcoin, unless in the future they will change the algo to pos or hybrid or something else akin to it

That's true. To get more bitcoin you have to invest or trade your time. However, investing in a bitcoin bank seems like a scam. How can you assure they won't run off with the money?

the same way current bank will not run with your money, i know there were some case, but it's because maybe they went bankrupt or the government there it's very corrupted, i would not give my money in such case
Mickeyb
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December 08, 2015, 09:14:08 PM
 #112

I don't really understand what you're getting at. People that use bitcoin probably wouldn't want a bitcoin bank because it destroys the decentralized nature of bitcoin. And also if you have your own wallet and address, you can be your own bank.
this, this
U don't need bank, bitcoin raises in value by its nature, you don't need interest from anyone Smiley

but you can not have more bitcoin by simply holding bitcoin, unless in the future they will change the algo to pos or hybrid or something else akin to it

That's true. To get more bitcoin you have to invest or trade your time. However, investing in a bitcoin bank seems like a scam. How can you assure they won't run off with the money?

I would never invest in a damn Bitcoin bank! Smiley Just hold your coins in your cold storage, this is the best Bitcoin bank that you can trust, your own Bitcoin bank!

And if you want to have more bitcoins, just work hard and make money and convert them to bitcoins. Simple as that!
Blawpaw
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December 08, 2015, 09:44:15 PM
 #113

IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?

I guess you didn't understand the real nature of bitcoin. With bitcoin you are your own bank. And that's the real beauty of it. If you are looking for a place where you can grow som interests from your coins you surely looking for something like bitlending or BTCjam
knowhow
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December 08, 2015, 11:39:04 PM
 #114

Well i know that the op is only searching for someplace to get more income ,and banks usually gives some pennies but keep generating more and more daily.
Hazir
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December 09, 2015, 02:08:26 AM
 #115

Here is a little story for you, banks supporters - Hacker Leaks Customer Data After a United Arab Emirates Bank Fails to Pay Ransom:
http://www.wired.com/2015/12/hacker-leaks-customer-data-after-a-united-arab-emirates-bank-fails-to-pay-ransom/


"A hacker who broke into a large bank in the United Arab Emirates made good on his threat to release customer data after the bank refused to pay a bitcoin ransom worth about $3 million.
The bank did not pay so he released that information online. Most of the bank’s customers, however, did not learn that their data had been stolen and published online until the newspaper contacted them."



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kyrios_
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December 09, 2015, 12:10:23 PM
 #116

I don't think there is a bank that holds bitcoins. There's not need for this either.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.

With banks there may be added security in addition to possible interest. Its a trade off i guess
LuckyYOU
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December 09, 2015, 01:35:15 PM
 #117

I don't think there is a bank that holds bitcoins. There's not need for this either.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.

With banks there may be added security in addition to possible interest. Its a trade off i guess

I believe that I can make more profits by holding bitcoins for 1 year than placing my bitcoins in a bank. Plus if it works like a regular bank, I would have to pay a fee to even have an account.

goinmerry
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December 09, 2015, 03:22:27 PM
 #118

I don't think there is a bank that holds bitcoins. There's not need for this either.
I like bitcoin the way it is. It's your responsibility to secure them, I like this better than trusting a bank.
You never know where your money is actually going with a bank.

With banks there may be added security in addition to possible interest. Its a trade off i guess

I believe that I can make more profits by holding bitcoins for 1 year than placing my bitcoins in a bank. Plus if it works like a regular bank, I would have to pay a fee to even have an account.

To those of us who have bitcoins in our wallet before inflation we will feel it real quick how our money is growing. We dont need a bank with interest we can see interest now. In just a few weeks it is more than what the banks can give.
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December 09, 2015, 05:23:31 PM
 #119

Have you any bitcoin? I think it your bitcoin bank. And it is solved some problem by it.
quentincole32
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December 10, 2015, 06:09:13 AM
 #120

IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
no,i dont think there is bank like that. bitcoin not yet complex like that,like money or local currency who have national bank.
but,lets see 5 year again,bitcoin will have place on formal bank,and maybe become one of big bank on some country.

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