Bitcoin Bank???

[poptok1]

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.

What do you think abou btcpop?
I cant find any reviews, they have 5% capitalisation per year.
Its very close to a bank, looks real.
But very unpopular service, provides loans and some other forms of investing.
They dont have an account here, thats bad news.

[CryingMidget]

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.

I think Bitcoin bank where people deposit their money would ruin the entire point of Bitcoin. The point of Bitcoin is to be decentralized, and this means no third party should have control over your coins.

[GermanFoobla]

A Bitcoin bank will be very good. Than people that use Bitcoin will love it and that is good. But you never know what will happen.
But it is hard to know for what is going to happen. But you never know. And we must hope that it will be more used.

[WhiteBeard]

A while back there was such a service online, billing itself as a bank.  It accepted deposits and claimed to pay interest from making loans, but the bitcoin all disappeared one day and the admins of the site claimed it had been hacked and the bitcoins stolen.  It's the same old story over and over, so until some trusted entity comes along to provide such a service, I don't think one will ever succeed. 

The only way banks provide low-risk, interest-bearing savings accounts is because they are insured.  I'm not sure that's available in the bitcoin space...  This technology is far from mature and remains "hack-able", so I seriously doubt any insurance company can afford to insure such a service without investing a lot of time and effort into verifying security measures, which would make the cost of such insurance prohibitive.

Then again, what would be the point? Centralizing the decentralized?  Sounds counter-intuitive to the whole concept of bitcoin!

[Hedrilin]

A bitcoin bank is not smart because it will sure make trouble in the bitcoin community, because we cannot control our money by ourselves anymore.

Also the fact is that its less more untraceable so I think its not a good idea.

[n0ne]

In my opinion a bitcoin bank could bring big disasters, because than its something that can control people from having their money and such things.
I think we can better stay at our wallets and have no bitcoin banks at all for a few years till its maybe time for it.

Your quote gives the better value for bitcoin wallets, If bitcoin banks come into existence there will be a good promotion for bitcoin and more people will know zbout such cryptocurrencies which will increase adoption.

[nejibens]

A bitcoin bank is not smart because it will sure make trouble in the bitcoin community, because we cannot control our money by ourselves anymore.

Also the fact is that its less more untraceable so I think its not a good idea.

That's true because i think the best feature of Bitcoin's currency is that it's decentralized but we know that banks ask usually for the data and personal infos of customers so it's centralized

[DeDordtenaar]

In my opinion a bitcoin bank could bring big disasters, because than its something that can control people from having their money and such things.
I think we can better stay at our wallets and have no bitcoin banks at all for a few years till its maybe time for it.

do you think exchanger doesn't control your money. they could turn out to be a scam anytime. it does not happen because they trusted. bitcoin bank may need the trust of many people, to be developed

[Bitcoinbro]

In my opinion a bitcoin bank could bring big disasters, because than its something that can control people from having their money and such things.
I think we can better stay at our wallets and have no bitcoin banks at all for a few years till its maybe time for it.

do you think exchanger doesn't control your money. they could turn out to be a scam anytime. it does not happen because they trusted. bitcoin bank may need the trust of many people, to be developed

Yes you are right but also a bank is not the thing that is bitcoin build for in my opinion, I think it could be a success but also a disaster.
I think people will hate it also and you can say what yo want but it will be less more untraceable.

[Red-Apple]

In my opinion a bitcoin bank could bring big disasters, because than its something that can control people from having their money and such things.
I think we can better stay at our wallets and have no bitcoin banks at all for a few years till its maybe time for it.

do you think exchanger doesn't control your money. they could turn out to be a scam anytime. it does not happen because they trusted. bitcoin bank may need the trust of many people, to be developed

Yes you are right but also a bank is not the thing that is bitcoin build for in my opinion, I think it could be a success but also a disaster.
I think people will hate it also and you can say what yo want but it will be less more untraceable.

you are correct. one of the reason's for creating bitcoin is to get rid of banking system and any third party that makes up reliant on them. so it is better to handle all the bitcoin wealth that we have on our own with a secure wallet instead of trusting anybody.

[bitcoinhopper]

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.

Bitcoin is will be great. And I hope that it will be more used also later and that is quite good.
But you never know what can happen and the value must be much higher so that is also good.

[RealPhotoshoper]

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

Not yet,officially not yet bitcoin have official bank,so far nothing banks that change their object financial to bitcoins,but i'm sure several years again there will bitcoin bank,really works like general banks.

[w00dface]

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.

What do you think abou btcpop?
I cant find any reviews, they have 5% capitalisation per year.
Its very close to a bank, looks real.
But very unpopular service, provides loans and some other forms of investing.
They dont have an account here, thats bad news.

Hi,

We don't have an 'official' BTCPOP account here, but staff have their own accounts

There are a lot of reviews of btcpop.co on the net. Many are shared on Twitter.

www.btcpop.co is a P2P banking system. We have have been running for just over a year, have 9 members of staff and based in the UK (reg company no: 09492940)

We have found it is a pretty popular service, our user base has been growing steadily to just under 15,000 members at this moment in time, we are also the largest Bitcoin p2p lending site

Lee Bartholomew
CEO - BTCPOP

[CryptoBjorn]

That will be really nice. But it must be more used and that is also very important. And the value is the most important.
We must win people's trust that Bitcoin is very good to use and that it is very safe to use. But some people dont even trust it and that is bad.

[zergenyt09]

That is currently unavailable in the current world of online bitcoin investments, The only things offering Stable interest are scams and other similar programs, Stocks and Gambling investment sites are not reliable and not good investments IMO.

[offlinedragon]

Nope nothing like that now, it would be awesome if there was a bank or a way to invest idle coins and get a decent return with low risks like how it work with banks.

[Freshmen]

there is an exchange called asmoney used to offer annual interest but it is not reliable at all IMO

[Daimon88]

I don't really understand what you want from this field. IMO bitcoiners probably wouldn't want a bitcoin bank because it destroys the decentralized part of bitcoin criteria, you can be your own bank...

[kyrios_]

Nope nothing like that now, it would be awesome if there was a bank or a way to invest idle coins and get a decent return with low risks like how it work with banks.

look at magnr or haobtc

[fricircled]

Nope nothing like that now, it would be awesome if there was a bank or a way to invest idle coins and get a decent return with low risks like how it work with banks.

look at magnr or haobtc

Either of those is not insured by the deposit insurance authority. So that is not as safe as the conventional bank.