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Cyaren
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May 02, 2016, 07:23:45 AM |
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Bitcoin banks that provide interest don't really work. They would have to lend out that money to some other guy to pay you. And that is not that possible under no fractional reserve standard.
So most of them are ponzis. Beware.
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Adrayrd
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May 02, 2016, 07:28:51 AM |
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I don't think a bitcoin bank will be such good as a normal bank.
it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
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Adrorecia
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May 02, 2016, 08:26:52 AM |
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it would be such a bad idea if we all use the bitcoin bank.
it's not secured enough to keep our coins away from the thief's. just trust on the real gold guys.
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defined
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May 02, 2016, 09:17:40 AM |
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The whole point of having BTC is that it is your own bank and you'd have full control of it. It is decentralized in nature, and having a bank (which I assume is an institution) totally defeats the purpose of the BTC's existence. Having a lot of wallets, scattering your BTC would be the more viable option.
Why would I scattering my BTC? Creating more wallets and more passwords to remember? |
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n0ne
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May 02, 2016, 10:00:45 AM |
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If you wanna to lend money to get interest you can do that here at bitcointalk or try others places,but here best rates and maybe more safe to do deals.
yeah do not need to create a bank if you just want to borrow money or bitcoin bitcoin then you can borrow in this forum. even you can choose interest from you own. ussualy 1-10%? Without bank even we can make everything possible, but these banks would make lending more easier. The reason is that in need we can just submit the collateral and get the amount rather than finding the trusted person. |
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Tatalk
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May 11, 2016, 07:57:00 PM |
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If you wanna to lend money to get interest you can do that here at bitcointalk or try others places,but here best rates and maybe more safe to do deals.
yeah do not need to create a bank if you just want to borrow money or bitcoin bitcoin then you can borrow in this forum. even you can choose interest from you own. ussualy 1-10%? Without bank even we can make everything possible, but these banks would make lending more easier. The reason is that in need we can just submit the collateral and get the amount rather than finding the trusted person. That is the reason that we still need banks even when we have the bitcoin. We need to borrow from banks. |
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knowhow
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May 11, 2016, 09:25:15 PM |
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Bitcoin banks that provide interest don't really work. They would have to lend out that money to some other guy to pay you. And that is not that possible under no fractional reserve standard.
So most of them are ponzis. Beware.
As i know there isnt yet a bank making this service and i believe we dont need them at all,exchanges has taken those step already poloniex and kraken allow you to get loans and allow you to invest into the exchange for a fair result protecting lenders bitcoins. |
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Akupuniard
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May 11, 2016, 09:40:21 PM |
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I can't imagine how bitcoin bank will work but i can clearly understand that bitcoin bank will be useless cause everybody want to be free with own money.
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Jasad
Legendary
 Offline
Activity: 1414
Merit: 1001
= jasad =
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May 12, 2016, 07:10:41 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?
i think not need long time for bitcoin to create their first time bank,full of operate with bitcoin as assets,but not this year,might it need more than 2 years for bitcoin to create it first own bank,and might blockchain will lead this technology. |
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DOGE12321
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May 12, 2016, 07:41:06 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?
What your saying doen't make sense. The objective of Bitcoin is to destroy banks; not generate them. BTC is a decentralised system that means transactions don't have to go through a third party like a bank. Bitcoin is trying to abolish banks.  |
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delliaerd
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May 12, 2016, 07:57:55 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?
i think not need long time for bitcoin to create their first time bank,full of operate with bitcoin as assets,but not this year,might it need more than 2 years for bitcoin to create it first own bank,and might blockchain will lead this technology. Yeah mate, bitcoin bank is very possible, moreover in advance the bitcoin will more popular amd more user who interest with bitcoin. So bitcoin bank will be the innovation of features bitcoin. |
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........Finally C is .........
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romero121
Legendary
Offline
Activity: 3178
Merit: 1213
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May 12, 2016, 09:42:18 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?
i think not need long time for bitcoin to create their first time bank,full of operate with bitcoin as assets,but not this year,might it need more than 2 years for bitcoin to create it first own bank,and might blockchain will lead this technology. Yeah mate, bitcoin bank is very possible, moreover in advance the bitcoin will more popular amd more user who interest with bitcoin. So bitcoin bank will be the innovation of features bitcoin. Bitcoin Banks is possible, but the days are not near. I believe only after years Bitcoin Bank might be started, this bitcoin will surely help more common people who were not much active with the technology. |
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RobinHoodster
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May 12, 2016, 11:19:40 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?
I think that it does not exist yet but it is possible for Bitcoin to open a bank sometime in the future. It is also a possibility that a other bank is going to take over Bitcoin. It does not really matter to me what happens as long as I can do what I always do with Bitcoin. |
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bitcoinhopper
Sr. Member
Offline
Activity: 336
Merit: 250
Bravity is beautiful.
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May 12, 2016, 02:19:57 PM |
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If you wanna to lend money to get interest you can do that here at bitcointalk or try others places,but here best rates and maybe more safe to do deals.
yeah do not need to create a bank if you just want to borrow money or bitcoin bitcoin then you can borrow in this forum. even you can choose interest from you own. ussualy 1-10%? It would be nice if that is going to exist and that is because there are now more also people that is going to have Bitcoin so it is also becoming more popular and more used. And if there will be a Bitcoin bank than more people will get know about it so that is nice. |
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uname
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May 12, 2016, 02:41:55 PM |
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I don't think a bitcoin bank will be such good as a normal bank.
it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
yeah they will have control over bitcoinmu. certainly there is a lot of risk in it. I also do not think this is a good idea. if you want to grow bitcoin from the bank you just need to invest dude  |
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PsursV
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May 12, 2016, 03:39:20 PM |
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I don't think a bitcoin bank will be such good as a normal bank.
it will be just a online hardware wallet not secured and they keep your bitcoins.
i don't think thats a good idea
yeah they will have control over bitcoinmu. certainly there is a lot of risk in it. I also do not think this is a good idea. if you want to grow bitcoin from the bank you just need to invest dude in present time it seem not possible. but i think in future there for establishing banks for bitcoins will be needed, so we should think positive, we should not worry about it . |
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Daniel91
Legendary
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Activity: 3374
Merit: 1824
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May 12, 2016, 03:51:19 PM |
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If I understand whole idea behind Bitcoin, it's most about decentralization and anonymity. So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin. OK, for some people this can be fine idea but not for me. I'm perfectly happy with my BTC wallet Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan. |
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Tanic
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May 12, 2016, 03:57:50 PM |
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I see that bitcoin develops. More and more people get involved in it. So I suppose some day will appear bitcoin banks. Where people will be able even to take loans in bitcoins and other things. Maybe one day bitcoin will change other currincies that exist now and paper money and coins will disappear at all.
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aso118
Legendary
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Activity: 1918
Merit: 1012
★Nitrogensports.eu★
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May 12, 2016, 04:39:14 PM |
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If I understand whole idea behind Bitcoin, it's most about decentralization and anonymity. So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin. OK, for some people this can be fine idea but not for me. I'm perfectly happy with my BTC wallet Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan. You are thinking of conventional banks. A bitcoin bank could be totally different. Send bitcoins from your wallet to an address of the bank. Sign messages with your private key and operate your account! |
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Daniel91
Legendary
Offline
Activity: 3374
Merit: 1824
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May 12, 2016, 04:50:15 PM |
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If I understand whole idea behind Bitcoin, it's most about decentralization and anonymity. So, I don't think I will ever like idea to go to some bank, show my ID and deposit Bitcoin. OK, for some people this can be fine idea but not for me. I'm perfectly happy with my BTC wallet Maybe this is good idea for people with a lot funds and desire to invest Bitcoin in the market or get bank loan. You are thinking of conventional banks. A bitcoin bank could be totally different. Send bitcoins from your wallet to an address of the bank. Sign messages with your private key and operate your account! OK, this sounds like better idea but still I don't see reason to use bank for my BTC funds My BTC wallet is enough for me. |
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