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n0ne
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April 05, 2016, 03:19:23 PM |
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a bitcoin bank would change everything really think about all the possibility
Bank would attract more users towards bitcoin, if such a bank comes into existence. Banks come into existence only when the user profile increases 5 to 10% |
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btcjoin14
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April 05, 2016, 04:19:37 PM |
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The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks
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beerlover
Legendary
 Offline
Activity: 2884
Merit: 1160
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April 05, 2016, 06:24:22 PM |
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We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.
how banks work will not kill the concept of bitcoin. bitcoin bank will make bitcoin is more secure and reliable. with their bank bitcoin users will be increased and will be very easy to use bitcoin. How bitcoin banks will make bitcoin more secure and reliable. But I agree, if banks start accepting bitcoin deposits, then bitcoin will get more mdeia attention and so free promotions. This will work for bitcoin to get more users. |
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Capitascism
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April 05, 2016, 06:35:03 PM |
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We don't need banks, decentralised exchanges are everything we need. Escrow will still stay best way
for loaning bitcoins, and those professional services will emerge over time.
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*************************Too many scams beware******************************************
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bitcoinisfurture
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April 05, 2016, 07:01:45 PM |
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Banks can't have a decentralized functionality. Bitcoin fail in this parameter.
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avw1982
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April 05, 2016, 07:19:43 PM |
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Banks can't have a decentralized functionality. Bitcoin fail in this parameter.
Bitcoin is a bank on it's own. Keep holding your coins until the price rises and sell them. There you get your interest buddy... |
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Bitcotalk
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April 05, 2016, 08:49:29 PM |
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We dont need banks we can store our coins and do anything with our money,why would we want a bank to hold our coins?Bitcoin is decentralized ,bank would kill the concept.
how banks work will not kill the concept of bitcoin. bitcoin bank will make bitcoin is more secure and reliable. with their bank bitcoin users will be increased and will be very easy to use bitcoin. If the banks are regulated like the conventional banks, it will be very secure. I will deal with them. I also agree the idea , if the banks start to adopt bitcoin and started to regulate bitcoin for the people then bitcoin will become more reliable, everyone will have a strong believe on it. |
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Supercrypt
Legendary
Offline
Activity: 1554
Merit: 1054
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April 06, 2016, 09:05:51 AM |
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a bitcoin bank would change everything really think about all the possibility
Bitcoin banks aren't that different from regular banks. You still have a third party having control over all the coins you store there. People hold Bitcoin because they want to have full ownership over their coins. Even a Bitcoin bank can't offer that. Yes in that way the bitcoin will lose it's most significant characteristics if banks starting controlling bitcoins. We do not need any third-party to own our bitcoins. Decentralization is the important thing which tends many people to love bitcoins. |
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BitHodler
Legendary
Offline
Activity: 1526
Merit: 1179
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April 06, 2016, 09:25:25 AM |
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a bitcoin bank would change everything really think about all the possibility
Bitcoin banks aren't that different from regular banks. You still have a third party having control over all the coins you store there. People hold Bitcoin because they want to have full ownership over their coins. Even a Bitcoin bank can't offer that. Yes in that way the bitcoin will lose it's most significant characteristics if banks starting controlling bitcoins. We do not need any third-party to own our bitcoins. Decentralization is the important thing which tends many people to love bitcoins. I do agree with you, but the people must not be fooled to put their coins there only to get a small interest reward in return. But I know that people will still deposit their coins there for small returns. For some reason greed is much stronger than their common sense. Imagine what will happen if Bitcoin banks start behaving like normal banks. People will have to verify themselves and come up with a good reason to withdraw a serious amount of coins. And then still the bank can choose to not accept your withdrawal. It's pure madness. |
BSV is not the real Bcash. Bcash is the real Bcash.
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bamboylee
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April 06, 2016, 11:05:55 AM |
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IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
If it is like a normal bank where you have to submit documents or ID, then this will defeat the purpose of bitcoin. I want my bitcoin anonymous, tax free and I want to keep it that way. I will not submit it to any bank so government can meddle on it. Yes i agree with you, if bitcoin bank same as bank in real life. I prefer using bitcoin wallet than bitcoin bank, no need submit id or some verification. And i'm sure anonymous is why people pick bitcoin. And government cannot freeze your bitcoin account if you get into any trouble. Your coins are yours only and no one get it from you. While in banks, the government can freeze or get your money if they want it. |
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hv_
Legendary
Offline
Activity: 2506
Merit: 1055
Clean Code and Scale
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April 06, 2016, 11:12:52 AM |
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Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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arwin100
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April 06, 2016, 11:18:49 AM |
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IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
If it is like a normal bank where you have to submit documents or ID, then this will defeat the purpose of bitcoin. I want my bitcoin anonymous, tax free and I want to keep it that way. I will not submit it to any bank so government can meddle on it. Yes i agree with you, if bitcoin bank same as bank in real life. I prefer using bitcoin wallet than bitcoin bank, no need submit id or some verification. And i'm sure anonymous is why people pick bitcoin. And government cannot freeze your bitcoin account if you get into any trouble. Your coins are yours only and no one get it from you. While in banks, the government can freeze or get your money if they want it. I dont like bitcoin banks. I think if its happen it will be manipulated and we get small profit in every price is rise of bitcoin and the same point our bitcoin funds will be safe but the chain effects banks will get more profit to us when we get small. I like bitcoin to stay in wallet we can transfer it to dollars easilly. So bitcoin dont need bank |
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xuan87
Legendary
Offline
Activity: 1666
Merit: 1001
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April 06, 2016, 11:38:02 AM |
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IS there any Bitcoin Bank that really works like bank that provide interest for customer that available in this world?
If it is like a normal bank where you have to submit documents or ID, then this will defeat the purpose of bitcoin. I want my bitcoin anonymous, tax free and I want to keep it that way. I will not submit it to any bank so government can meddle on it. Yes i agree with you, if bitcoin bank same as bank in real life. I prefer using bitcoin wallet than bitcoin bank, no need submit id or some verification. And i'm sure anonymous is why people pick bitcoin. And government cannot freeze your bitcoin account if you get into any trouble. Your coins are yours only and no one get it from you. While in banks, the government can freeze or get your money if they want it. It is true that government cant take bitcoin from you, but you can be easily scam by bitcoin bank which physically doesnt exist, its mean you only know the website of the bank, so it is a very dangerous step to store your money in bitcoin bank, but this is only my opinion, the choice is still yours |
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Global LED Adoption Through Blockchain Technology
≒≒≒≒≒≒≒≒≒『ICO IS LIVE』≒≒≒≒≒≒≒≒≒ | |
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defined
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April 06, 2016, 11:59:13 AM |
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'Circle' has been around for a while. Seeing $76 million investments in companies like Circle makes me question how they will make a profit. |
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hv_
Legendary
Offline
Activity: 2506
Merit: 1055
Clean Code and Scale
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April 06, 2016, 12:27:06 PM |
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'Circle' has been around for a while. Seeing $76 million investments in companies like Circle makes me question how they will make a profit. Always the big question - also with all the other investments into bitcoin world like blockstream, bloq, ... In the short this might only work by btc speculation. Buy some and later post big news - or the other way around sell first and make a big hearnator later ... |
Carpe diem - understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
The simple way is the genius way - Satoshi's Rules: humana veris _
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Pattart
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April 06, 2016, 01:02:00 PM |
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a bitcoin bank would change everything really think about all the possibility
I think more banks will use as a wallet like xapo or other third parties. where banks can control your bitcoin. I think it was not a good idea. because it is safer to save on the wallet than a third party (bank) |
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n0ne
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April 06, 2016, 03:34:44 PM |
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a bitcoin bank would change everything really think about all the possibility
I think more banks will use as a wallet like xapo or other third parties. where banks can control your bitcoin. I think it was not a good idea. because it is safer to save on the wallet than a third party (bank) Rather than third party usage I believe banks will create their own wallets. Just to improving their technology they could start following the digital currencies. |
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lixer
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April 06, 2016, 07:26:21 PM |
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The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks
Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins. |
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romero121
Legendary
Offline
Activity: 3192
Merit: 1213
Enterapp Pre-Sale Live
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April 07, 2016, 02:13:12 AM |
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The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks
Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins. It could be a major drawback, at the same if bitcoin exists then only more people would know about these digital currencies. |
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Tatalk
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April 07, 2016, 02:40:58 PM |
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The concept of decentralization will not exist if there will be banks for storage of bitcoins.
So its good not to have any bitcoin banks
Yes, if banks start to control bitcoin by any means, then bitcoin will no more decentralized currency. First we need to think what is the advantage we are going to get if banks start controlling bitcoins. If most people in the world owns the bitcoin, the banks cannot control it. The banks can create nodes and contribute to the network. |
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