Bitcoin Bank???

[jethrorn99]

There will not be any bitcoin banks in near future.

It's going to useless tho.

[1715023387]

1715023387

[1715023387]

1715023387

[wisecoin]

Not really a classic bank, but Europeans can use Cashila. It simplifies the transition from Bitcoin > Bank and vice-versa.
https://www.cashila.com/

It allows you to have an online account which you can fund with bitcoin and make normal payments like you would do with an ordinary bank.
You can also receive payment straight into your online account.

Been using them and its been working great

[btcltccoins]

Bitcoin Wallets are sort of bitcoin Banks. So you can send and receive money on them. What a great Bitcoin is...We have all the banks online for it.

[randy8777]

Bitcoin Wallets are sort of bitcoin Banks. So you can send and receive money on them. What a great Bitcoin is...We have all the banks online for it.

you mean as in online wallet services? i personally don't like online wallets and have also stopped using them as i don't want a third party to have control over my precious bitcoins. i only use the bitcoin core client nowadays.

[LuckyYOU]

A bitcoin bank would be very stupid, the  bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.

[Mr.grin]

A bitcoin bank would be very stupid, the  bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.

Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good

[fricircled]

A bitcoin bank would be very stupid, the  bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.

Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good

I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".

[Laosai]

A bitcoin bank would be very stupid, the  bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.

Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good

I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".

Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!

[bargainbin]

A bitcoin bank would be very stupid, the  bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.

Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good

I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".

Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!

Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks.

[Laosai]

A bitcoin bank would be very stupid, the  bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.

Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good

I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".

Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!

Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks.

No. In banks you have 0 control over on what you invest 0 control on where your money goes and 0 insurance that the money will come back. In fact at the moment you make a deposit you have nothing but a bank credit.
Companies like Kickstarter would totally be able to do that and there would be no link to a bank. Just a way for you to invest money THE AMOUNT YOU WANT TO INVEST and nothing more.

[bargainbin]

A bitcoin bank would be very stupid, the  bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.

Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good

I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".

Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!

Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks.

No. In banks you have 0 control over on what you invest 0 control on where your money goes and 0 insurance that the money will come back.

What is FDIC?

In fact at the moment you make a deposit you have nothing but a bank credit.

What does that even mean?

Companies like Kickstarter would totally be able to do that and there would be no link to a bank. Just a way for you to invest money THE AMOUNT YOU WANT TO INVEST and nothing more.

"Kickstarter applies a 5% fee on the total amount of the funds raised.[28] Their payments processor applies an additional 3–5% fee." In exchange, you have no legal standing if you get *nothing* for your investment (even when the project succeeds).

Number of home purchases financed by Kickstarter: 0 (zero).

[tommorisonwebdesign]

There really is no reason to have a Bitcoin bank. It's a new technology still under development. In the future, when the applications of Bitcoin start to really take off, the banking system may collapse.

[Altynbekova]

There really is no reason to have a Bitcoin bank. It's a new technology still under development. In the future, when the applications of Bitcoin start to really take off, the banking system may collapse.

A bitcoin bank would not be smart, the bitcoin has been become big because it has no bank.
Also if there comes a bank its much more traceable and that would be very wrong.

[romero121]

The wallet itself acts as a bank, In future we can see much advanced banks in the entire world than the present banks which is gonna adopt the technology running behind bitcoin.

[fricircled]

A bitcoin bank would be very stupid, the  bitcoin is fast,secured and untraceable.
If there will come a bank many user will stop using the bitcoin and the bitcoin will also slowly disappear.

Well, I guess today bitcoin does not require bank. bitcoin has a wallet that has a faster process than the bank, and security can also be said to be good

I hope you can buy a house without using a bank. You can borrow money from the people you know. I have to use a "bank".

Now more and more companies emerge to let people invest in other people project. Crowdfunding could be the future especially thanks to bitcoin!

Those companies, the ones capable of orchestrating crowd-funding at sufficient level & with sufficient speed? And isolate the lenders from the risk of runners? You know what they'll be called? Banks.

No. In banks you have 0 control over on what you invest 0 control on where your money goes and 0 insurance that the money will come back.

What is FDIC?

In fact at the moment you make a deposit you have nothing but a bank credit.

What does that even mean?

Companies like Kickstarter would totally be able to do that and there would be no link to a bank. Just a way for you to invest money THE AMOUNT YOU WANT TO INVEST and nothing more.

"Kickstarter applies a 5% fee on the total amount of the funds raised.[28] Their payments processor applies an additional 3–5% fee." In exchange, you have no legal standing if you get *nothing* for your investment (even when the project succeeds).

Number of home purchases financed by Kickstarter: 0 (zero).

We need a "bank", it will be no different from the conventional banks in that it can let us save and borrow bitcoin.

[BitcoinHodler]

^^^
when bitcoin was introduced one of the main purposes was to get rid of the banks, bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.

[bargainbin]

^^^
when bitcoin was introduced one of the main purposes was to get rid of the banks

No, it wasn't. It was to create "A Peer-to-Peer Electronic Cash System." https://bitcoin.org/bitcoin.pdf

...bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.

Nothing preventing you from crowdfunding your new home purchase with fiat money, today. Try it and see how it goes.

I, myself, am not going to lend you 1BTC to have it paid back in 20 years, and here's why:
You most likely will pull a runner, because, if BTC price keeps rising at the current rate, you'd owe me ~$100,000 in 20 years, same as you will owe to the other suckers who lent you 1BTC each.

[Betwrong]

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.

Exactly! We don't need  no banks for Bitcoin we already have enough of them for fiat. Since Bitcoin goes up with time (in long-term anyway it does) just holding your coins is much better than putting your fiat in a bank.

[Imoote]

^^^
when bitcoin was introduced one of the main purposes was to get rid of the banks, bitcoin gave us the ability to do it all ourselves without centralization.
so if you want to save up do it on your own in a cold storage and if you want to borrow do it P2P.

Looks like bitcoin made not to get rid of the bank and I'm sure that's not the reason.
Perhaps to facilitate transactions in the digital age it is one made by my bitcoin.

[sishendaoye]

a bitcoin bank would be very stupid to use because a bitcoin bank will control everything than.
Bitcoin is for the opposite, not for interest and all that kind of stuff.