Bitcoin Bank???

[trickshot22]

I do not get why do you want a Bitcoin bank. It would totally break the nature and point of Bitcoins. It is decentrialized, and everyone would like it to stay the way it is right now. Implementing a Bank would result losing most of Bitcoin users and probably losing a lot on the price. It would probably be the end of Bitcoin.

Exactly. That's also the main reason of why I am not interested in seeing a so called Bitcoin Bank.

I am happy to be the full owner of my money for once, so I will not give up this feature of freedom.

Also not for a Bitcoin Bank as it is basically the same as a regular bank, only this bank solely deals with Bitcoin.

people are looking for profit that is why they want to see a bitcoin bank to put their bitcoins there and take the profit for doing nothing.
and honestly this is a bad idea and shows that those who wan to see a bitcoin bank have no idea what bitcoin really is and why it was created in first place.

though i doubt that it will ever be possible, i think banks will surely not want bitcoin to flourish so they will do everything to make it extinct in all possible ways

[Gasturcas]

I do not get why do you want a Bitcoin bank. It would totally break the nature and point of Bitcoins. It is decentrialized, and everyone would like it to stay the way it is right now. Implementing a Bank would result losing most of Bitcoin users and probably losing a lot on the price. It would probably be the end of Bitcoin.

Exactly. That's also the main reason of why I am not interested in seeing a so called Bitcoin Bank.

I am happy to be the full owner of my money for once, so I will not give up this feature of freedom.

Also not for a Bitcoin Bank as it is basically the same as a regular bank, only this bank solely deals with Bitcoin.

people are looking for profit that is why they want to see a bitcoin bank to put their bitcoins there and take the profit for doing nothing.
and honestly this is a bad idea and shows that those who wan to see a bitcoin bank have no idea what bitcoin really is and why it was created in first place.

though i doubt that it will ever be possible, i think banks will surely not want bitcoin to flourish so they will do everything to make it extinct in all possible ways

The bitcoin will cut the cost of banking and make the transactions smooth, the banks will use bitcoin.

[Tatalk]

I do not get why do you want a Bitcoin bank. It would totally break the nature and point of Bitcoins. It is decentrialized, and everyone would like it to stay the way it is right now. Implementing a Bank would result losing most of Bitcoin users and probably losing a lot on the price. It would probably be the end of Bitcoin.

Exactly. That's also the main reason of why I am not interested in seeing a so called Bitcoin Bank.

I am happy to be the full owner of my money for once, so I will not give up this feature of freedom.

Also not for a Bitcoin Bank as it is basically the same as a regular bank, only this bank solely deals with Bitcoin.

people are looking for profit that is why they want to see a bitcoin bank to put their bitcoins there and take the profit for doing nothing.
and honestly this is a bad idea and shows that those who wan to see a bitcoin bank have no idea what bitcoin really is and why it was created in first place.

though i doubt that it will ever be possible, i think banks will surely not want bitcoin to flourish so they will do everything to make it extinct in all possible ways

The bitcoin will cut the cost of banking and make the transactions smooth, the banks will use bitcoin.

I think if the banks are allowed, they will use the bitcoin as a media to make money. They do not care if it is bitcoin or fiat.

[CryingMidget]

I do not get why do you want a Bitcoin bank. It would totally break the nature and point of Bitcoins. It is decentrialized, and everyone would like it to stay the way it is right now. Implementing a Bank would result losing most of Bitcoin users and probably losing a lot on the price. It would probably be the end of Bitcoin.

Exactly. That's also the main reason of why I am not interested in seeing a so called Bitcoin Bank.

I am happy to be the full owner of my money for once, so I will not give up this feature of freedom.

Also not for a Bitcoin Bank as it is basically the same as a regular bank, only this bank solely deals with Bitcoin.

people are looking for profit that is why they want to see a bitcoin bank to put their bitcoins there and take the profit for doing nothing.
and honestly this is a bad idea and shows that those who wan to see a bitcoin bank have no idea what bitcoin really is and why it was created in first place.

though i doubt that it will ever be possible, i think banks will surely not want bitcoin to flourish so they will do everything to make it extinct in all possible ways

The bitcoin will cut the cost of banking and make the transactions smooth, the banks will use bitcoin.

I think if the banks are allowed, they will use the bitcoin as a media to make money. They do not care if it is bitcoin or fiat.

I think bitcoin will need the media's effort to show the bitcoin's features and usages but I don't know how are telling that bitcoin is like media for banks! May in future We can see bitcoin like media and medium fiat transfer and banks.

[bitdumper]

bitcoin and bank both are two opposit enemy systems.we are now developed but on ancient age bank made the money system and it rules till 2009
but now we are at 2016 with virtual currency and without givernment controlling us

[bravehearth0319]

As for me Bitcoin is already a bank,  well that just in my opinion. Why I said that? It is because like what I'm doing right now I put all my bitcoins in my bitcoin core and multibit wallet just like a bank, which very secured that anytime I need it I can encash it whatever I want. So bitcoin bank wont never be happen I think.

[JeffBrad12]

bitcoin and bank both are two opposit enemy systems.we are now developed but on ancient age bank made the money system and it rules till 2009
but now we are at 2016 with virtual currency and without givernment controlling us

If you wanna using some of your effort to understand about the fact is happened in our life, the system of bitcoin is not opposite with bank. in this time the bank is realized about they can take some system from the bitcoin and implement or adopt it into their system and it's starting for now. we need to open the eyes in this time, not all of the opposite things always becomes an opposite forever.

[ASHLIUSZ]

bitcoin and bank both are two opposit enemy systems.we are now developed but on ancient age bank made the money system and it rules till 2009
but now we are at 2016 with virtual currency and without givernment controlling us

If you wanna using some of your effort to understand about the fact is happened in our life, the system of bitcoin is not opposite with bank. in this time the bank is realized about they can take some system from the bitcoin and implement or adopt it into their system and it's starting for now. we need to open the eyes in this time, not all of the opposite things always becomes an opposite forever.

Banks are very tentative, when it comes to bitcoin, they have a lot to lose, sometimes not much. Banks do not want something like that to happen. Bitcoin is like gold, it's very nature is contrary to what current banking practice is.

[Tatalk]

bitcoin and bank both are two opposit enemy systems.we are now developed but on ancient age bank made the money system and it rules till 2009
but now we are at 2016 with virtual currency and without givernment controlling us

If you wanna using some of your effort to understand about the fact is happened in our life, the system of bitcoin is not opposite with bank. in this time the bank is realized about they can take some system from the bitcoin and implement or adopt it into their system and it's starting for now. we need to open the eyes in this time, not all of the opposite things always becomes an opposite forever.

Banks are very tentative, when it comes to bitcoin, they have a lot to lose, sometimes not much. Banks do not want something like that to happen. Bitcoin is like gold, it's very nature is contrary to what current banking practice is.

There is limited supply of the bitcoin. So there will not be big inflation and big over investment in the assets like the fiats.

[1Referee]

As for me Bitcoin is already a bank,  well that just in my opinion. Why I said that? It is because like what I'm doing right now I put all my bitcoins in my bitcoin core and multibit wallet just like a bank, which very secured that anytime I need it I can encash it whatever I want. So bitcoin bank wont never be happen I think.

There is practically no need for a Bitcoin related bank as exchanges can basically do everything themselves. Loans, interest on deposits, debit card, etc. Having said that, I am happy that I own what I have in full with Bitcoin. I will never use a Bitcoin bank, or any other service that allows me to earn interest on the coins I store there. I am the boss over my money, and that will not change. Even not if I got offered a more than decent interest rate.

[bitsoldiers]

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.

You are right exactly..when you have an online btc wallet and address, you are bank of your own and its save and secure..

[ObscureBean]

I do not get why do you want a Bitcoin bank. It would totally break the nature and point of Bitcoins. It is decentrialized, and everyone would like it to stay the way it is right now. Implementing a Bank would result losing most of Bitcoin users and probably losing a lot on the price. It would probably be the end of Bitcoin.

Bitcoin and banks both have advantages and disadvantages, Bitcoin is not perfect and banks are not all bad. It's not hard to imagine why people might want to have the best of both worlds. Personally I think all the fuss about centralization has been blown out of proportion. I think it's kind of a bit double-faced to badmouth banks while still fully relying on them for everything. I don't see why a hybrid Bitcoin-bank would be such an aberration.

[danherbias07]

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.

You are right exactly..when you have an online btc wallet and address, you are bank of your own and its save and secure..

I thought it was a joke first when someone introduced me this. When I tried it and have knowledge in it, that is when the time I told myself it is true that you are like the manager of your own bank.

[garundang]

we aren't going to get bitcoin bank anytime soon, but in future, yes.

[xIIImaL]

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.

You are right exactly..when you have an online btc wallet and address, you are bank of your own and its save and secure..

I thought it was a joke first when someone introduced me this. When I tried it and have knowledge in it, that is when the time I told myself it is true that you are like the manager of your own bank.

Yeah we are the managers for our own wallet but we should take our from scammers who have created site same like our wallet site.  Once I had a experience like that and all my money went from my wallet. So be careful bro.

[krishna1]

i had seen some online wallets which pays intrest if we keep our money in them for months their intrest rate are low but the big question is are they trusted enough if anybody put their money then i will be gone forever because they do not provide the exact work

[MingLee]

i had seen some online wallets which pays intrest if we keep our money in them for months their intrest rate are low but the big question is are they trusted enough if anybody put their money then i will be gone forever because they do not provide the exact work

I'll just comment on the low interest rates; most banks in real life are giving interest rates somewhere within the realm of 0.550% for most decently-sized bank accounts. Most banks don't remotely go close to 1% or anything remotely close to that, so I'd just write those off.

Personally, I don't trust any Bitcoin banks that advertise any interest rate that is actually a decent number >0.250%. Chances are they are a scam, but I can't guarantee any of that. I haven't heard of anyone using one of the existing banks though.

[Nimbulan]

i had seen some online wallets which pays intrest if we keep our money in them for months their intrest rate are low but the big question is are they trusted enough if anybody put their money then i will be gone forever because they do not provide the exact work

though im afraid to put money into such wallets because i have a strong feeling that most of them might turn to just a scam that will rob me

[Tatalk]

i had seen some online wallets which pays intrest if we keep our money in them for months their intrest rate are low but the big question is are they trusted enough if anybody put their money then i will be gone forever because they do not provide the exact work

though im afraid to put money into such wallets because i have a strong feeling that most of them might turn to just a scam that will rob me

That is the reason why we need proper bitcoin banks operated like the conventional banks, and they are insured.

[danherbias07]

i had seen some online wallets which pays intrest if we keep our money in them for months their intrest rate are low but the big question is are they trusted enough if anybody put their money then i will be gone forever because they do not provide the exact work

though im afraid to put money into such wallets because i have a strong feeling that most of them might turn to just a scam that will rob me

That is the reason why we need proper bitcoin banks operated like the conventional banks, and they are insured.

Insurance would be a problem for bitcoin is decentralized. That is why it is for courageous people who can risk their money. If it loses its value then you just have to take it.