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watashi-kokoto
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January 22, 2016, 04:58:32 PM |
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We need "banks" to do business in bitcoin. We can save money with the bank, and we can also borrow money if we need.
Bitcoin is bank. A large worldwide bank. You save by buying or mining BTC, and spend by selling BTC. |
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xdrpx
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January 22, 2016, 05:10:59 PM |
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Well when you use Bitcoin you are your own bank. You can transact with anyone and anywhere, simply put it's netbanking in a decentralized fashion. But, if you're talking about a Bitcoin bank with a saving scheme and earning interest out of them, then you might want to check out BSave which recently was in the news about 1-2 days ago with a similar kind of scheme, but the legitimacy still has to be guaranteed and insured.
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watashi-kokoto
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January 22, 2016, 05:13:23 PM |
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I think if you need money simply borrow from normal bank or a friend. I think large scale loans are scam and one of the reasons why the worldwide system keeps crashing every 7 years.
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BellaBitBit
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January 22, 2016, 05:16:19 PM |
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IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
Why would you want that? If you want interest from a bank just go to a bank. "Bitcoin" and "Bank" should not go in the same sentence, Bitcoin was created to move the world away from banks  |
I love Bitcoin
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Tatalk
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January 24, 2016, 09:11:15 PM |
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Bitcoin is bank. A large worldwide bank. You save by buying or mining BTC, and spend by selling BTC.
How do you borrow? I think you still need a bank to deal with (bitcoin) bank to get mortgage. |
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Yakamoto
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Activity: 1218
Merit: 1007
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January 24, 2016, 09:19:16 PM |
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Bitcoin is bank. A large worldwide bank. You save by buying or mining BTC, and spend by selling BTC.
How do you borrow? I think you still need a bank to deal with (bitcoin) bank to get mortgage. I think the concept he's trying to describe is that there is no-one needed to protect your Bitcoin, and the blockchain and yourself is all the security you need, unless you are really bad with computers. Having an actual bank that you can borrow from opens the doors for fractional reserve lending, which is a major issue because Bitcoin is built on the concept that there is a limited amount. Banks being able to "create" more would be hugely detrimental for Bitcoin's image. |
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Raimonn
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Merit: 1001
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January 24, 2016, 09:37:56 PM |
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Bitcoin is bank. A large worldwide bank. You save by buying or mining BTC, and spend by selling BTC.
How do you borrow? I think you still need a bank to deal with (bitcoin) bank to get mortgage. If you need to borrow bitcoins, there are companies that help users to lend and borrow bitcoins (like btcjam ). Banks don't use bitcoins so they will not lend you bitcoins. |
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European Central Bank
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January 24, 2016, 09:46:26 PM |
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Weird derivatives will take a while to arrive, but I don't doubt we might have some banking like features from third parties some day. Let's hope they're legit and audited.
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ricardobs
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January 25, 2016, 05:20:52 PM |
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Well, I would love to see banks using Bitcoins, basically because we can then invest our money into it. And then I think I would earn small interest every day on my money , I would love it really man  |
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arbitrage
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January 26, 2016, 04:30:15 PM |
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I'm more interested to see some investments fonds.. Or maybe something like https://cryptostocks.com/. Banks are something that we are trying to avoid. |
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Gloober
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January 26, 2016, 04:40:58 PM |
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I don't think bitcoin needs a bank. I think it's alright the way it is already
Isn't part of the reason some people joined bitcoin is to get away from all the banks?
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praprata
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January 26, 2016, 04:43:24 PM |
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It will be nice if there will be a Bitcoinbank.
The more opportunities you have for Bitcoin, the more people will use it.
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| CloakCoin | Trustless Anonymous Cryptocurrency | PoSA3
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Altynbekova
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January 26, 2016, 04:46:42 PM |
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This is not gonna happen it will destroy bitcoin.
Bitcoins doesn't need a bank but it will increase there popularity.
But at the end it will not help bitcoin users at all.
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RastMan
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February 02, 2016, 09:43:25 AM |
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It will be nice if there will be a Bitcoinbank.
The more opportunities you have for Bitcoin, the more people will use it.
Bitcoin bank is great for the adoption of bitcoin. But conventional banks will be not so interested in it for the time being. |
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Gasturcas
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February 04, 2016, 09:46:06 AM |
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If there is a regulated bitcoin bank and it is safe to do business with, I will save my bitcoins there and earn some interest.
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kevin go
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February 04, 2016, 12:35:44 PM |
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when dude?i cant wait for that btc bank..sounds good to me
if that happend so its mean btc is famous could be our currencie and everyone wanted to use it
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GingerAle
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February 04, 2016, 12:40:59 PM |
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the big mining firms will merge with exchanges and then will evolve to bitcoin banks. already happened with the chinese company.
and like the chinese company, they will offer priority block inclusion and no fees if you store your bitcoin with them.
which of course means that you dont own the bitcoin because they have your private key.
which means they can launch any kind of fractional reserve they want
so we're back at square 1
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LuckyYOU
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February 04, 2016, 02:29:19 PM |
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That would indeed be useful. But the only advantage is that it's easy.
But the disadvantage is that you have been hacked.
I do hope it will exist a clear but that would be good.
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pooya87
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Crypto Swap Exchange
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February 04, 2016, 02:43:15 PM |
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this is very strange to me!
because one of the biggest reasons for existence of bitcoin -that everybody is mentioning about when they are talking about bitcoin- is the fact that bitcoin helps you get rid of banks and not need them anymore.
now despite all of that this topic is looking for a bitcoin bank!
anyways, in this (bitcoin) world that we can not even trust an exchanger which we are paying fees to, how can you trust a bank to pay you!
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randy8777
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February 04, 2016, 02:48:31 PM |
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If there is a regulated bitcoin bank and it is safe to do business with, I will save my bitcoins there and earn some interest.
regulated or not, why would you risk your precious bitcoins for a low interest rate? you holding your bitcoins is already an investment which will see its value gain significantly throughout the years. there aren't much possibilities where you can function as your own bank without the need for third parties etc. that's why people love bitcoin so much. they don't need to ask for approval to send or withdraw an x amount of coins. you decide what you want and to who you want to send it. ask a regular bank if it's possible to withdraw all your money in once if you have a decent amount, they will give you a very hard time. a regulated bitcoin bank won't be any different. |
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