Bitcoin Bank???

[phonebased]

bitcoin banking is probably ponzi. simply because you are hardly earning a decent interest with the blocks halving, really man.
even with the mining, you won't gain a lot of interest in bank; again, halving.

Everything that promises you a certain interest can turn into a ponzi scheme at any time. Even if they had "good" intentions when they started. It's very simple, never let your coins be held by a third party. If that is your basic rule, then you will be just fine.

It is not always like that. Bitcoiners are always looking for high yield investment and can tolerate high level risk for the high profits.

[MaritiJames3]

Bitcoin bank is very good. For those people who use Bitcoin it is very good. Many people must know what Bitcoin is.
And I hope that more people will get to know about Bitcoin. So that must change and we must Bitcoin more popular.

[MaxTax]

A bitcoin bank will be very bad because than it gets more controllable and that is very bad because we want to control our own money right, I think its better do hold it like this without a bitcoin bank otherwise it also getting less more secure if you ask me.

My conclusion is that if there comes a bank it will destroy the bitcoin.

[TECHNO55]

A bitcoin bank will be very bad because than it gets more controllable and that is very bad because we want to control our own money right, I think its better do hold it like this without a bitcoin bank otherwise it also getting less more secure if you ask me.

My conclusion is that if there comes a bank it will destroy the bitcoin.

I think Coinbase is more or less like a bank and include many functions in one place. This is the type of services bitcoiners are looking for.

[Sengoko]

I understand the concept you are taking about but no site I know of offers interest guaranteed in a serious way, There are just obvious HYIP's, No actual banks though.

[quentincole32]

Coinbase works similar like a bank but I dont think they offer interests. However, you can loan your bitcoin on bitfinex and gain some interests

coinbase is just only wallet with web based, like xapo, circle, etc.
i think we never need bank for bitcoin, we are the owwner of bank, we can acces our wallet like we have bank. this is why bitcoin very special.

That was what I talking about, decentralized means like we are the owner of bank.
Not needed third party to confirm where the funds come from, where the funds would to send etc.
It's powered by ourselves. Bitcoin bank are really not necessary.

[romero121]

When there is a bank for Bitcoin other than the wallet, surely there arise a issue on control. Such scenario  should never take place. Now with the Bitcoins within the wallet itself giving the difference in value as we invest it.

[diodio5]

I really had a dream to create a website bitcoin bank. where my site is like a wallet. but I would have control of the money. so that I can give a loan to someone who borrows money in my bank. the same system as banks in general

[crossabdd]

Coinbase works similar like a bank but I dont think they offer interests. However, you can loan your bitcoin on bitfinex and gain some interests

coinbase is just only wallet with web based, like xapo, circle, etc.
i think we never need bank for bitcoin, we are the owwner of bank, we can acces our wallet like we have bank. this is why bitcoin very special.

yeah seems Coinbase is a wallet. because we set the full. money we got there.
but I think. for diversity. we also need bitcoin bank. this is very interesting. we save money there and make a profit from the interest

are you sure the bank can surive for long time ? what if the bank collapse and he can't give you any bitcoin
you get interst only 0.2-0.5% permonth and you can lose your bitcoin any time 

[fricircled]

I really had a dream to create a website bitcoin bank. where my site is like a wallet. but I would have control of the money. so that I can give a loan to someone who borrows money in my bank. the same system as banks in general

Would that be like mult signature features of bitcoin. Only the site operator and the save can manipulate the money?

[d1ceplayer]

That's not available currently now at least in a serious way, There are few serious investments mostly in the gambling business but these can also yield no money profit or loss of money so they are not close to banks at that...

[knowhow]

Nobody with the information and present at bitcoin will trust their coins into a third person that will offer intereste,otherwise hyip of bitcoin would be with a huge ammount as they work like bank ,till the owner run away with the funds,the thing is to we be able to trust into any bitcoin bank we need a real fiat bank with high reputation to work with bitcoin and we need a warranty that our bitcoin are safe and bank wont frozen it because financial problems.

[Nameless Coin]

bitcoin banking is probably ponzi. simply because you are hardly earning a decent interest with the blocks halving, really man.
even with the mining, you won't gain a lot of interest in bank; again, halving.

Everything that promises you a certain interest can turn into a ponzi scheme at any time. Even if they had "good" intentions when they started. It's very simple, never let your coins be held by a third party. If that is your basic rule, then you will be just fine.

It is indeed very good. And I think it is also very safe and that is good. But I hope that the banks are bigger and bigger.
So we can use it easy and that Bitcoin will be more used also in the future that will be good for the Bitcoin bank.

[crossabdd]

That's not available currently now at least in a serious way, There are few serious investments mostly in the gambling business but these can also yield no money profit or loss of money so they are not close to banks at that...

the seriously investment Is all about technology, new technology like BItcoin, Etherum, Maidsafe etc.
we must support cryptocurrency.

[Dread Pirate Roberts]

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

[aso118]

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

[knowhow]

What would banks do with our bitcoins?They would go to crypto market make their diagnostic and invest there to get the results they offer the same way they go to forex market and sell an buy huge ammounts.

[fricircled]

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

If a bank provides a service I want, I do not mind them charging me a fee. If there is no bank, I cannot borrow money.

[Bitcoinbro]

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

If a bank provides a service I want, I do not mind them charging me a fee. If there is no bank, I cannot borrow money.

Well there has not to be any bitcoins banks in my opinion we have the wallets and I think that is good enough.
Also a bitcoin bank will be less more controllable and untraceable so I do not think its a good idea at all.

[talkbitcoin]

i think it will never .
why ? because bitcoin say . nobody control your BTC and there is no fee . so if bitcoin had bank it will had fee and somebody will control it .

Banks not only charge fees - they also provide interest. This is one reason why people might be tempted to give their bitcoins to banks.
On control - I agree that we will be losing control if you give your coins to a bank. It is up to you to decide whether the interest offered is sufficient for the loss of control.

If a bank provides a service I want, I do not mind them charging me a fee. If there is no bank, I cannot borrow money.

Well there has not to be any bitcoins banks in my opinion we have the wallets and I think that is good enough.
Also a bitcoin bank will be less more controllable and untraceable so I do not think its a good idea at all.

well, this topic was more about an investment type of bank rather than just a simple wallet, for wallet you are right we can hold out own bitcoin with all sorts of different wallets but for a bank that pays interest there is no option available and if there is any, it is either scam or hard to trust.