Bitcoin Bank???

[mindrust]

It seems people won't get rid of "banking" in the future even when they use bitcoin which is against banking. So sad.

If you are confident with yourself, you can always become a bank in the world of bitcoin.

[Gasturcas]

It seems people won't get rid of "banking" in the future even when they use bitcoin which is against banking. So sad.

If you are confident with yourself, you can always become a bank in the world of bitcoin.

Self confidence is useless in the banking world. People have to trust you to put their money in your control.

[blackmachinegun]

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 i think this is not a good idea if normal bank in real life would be very difficult to cheat because they own the place, the address and the owner can be seen. so normal bank will not cheat.
how the bank online? You would not know who the owner of the bank's website. they can just go and bring all the money easily ?

[bitcoinhopper]

It seems people won't get rid of "banking" in the future even when they use bitcoin which is against banking. So sad.

If you are confident with yourself, you can always become a bank in the world of bitcoin.

Self confidence is useless in the banking world. People have to trust you to put their money in your control.

It would be perfect for the people that have already Bitcoin because than there will be also more people that will get to know about it and that can be nice for the Bitcoin.
The only thing that have to chance is the value and that have to be more soon.

[Altcoinsupporter]

if there is a bit coin bank he will be the first one with this great idea. In the future there will be allot of
bitcoins banks because the coin is evaluating in the future.

[Novalok]

Why would anyone want to store their btc in a bank. You need to store it on hot and cold wallets. Its really easy and then you know you always control your coins.

[1Referee]

Why would anyone want to store their btc in a bank. You need to store it on hot and cold wallets. Its really easy and then you know you always control your coins.

As always it's purely the greed aspect that takes people over completely. I am quite sure that a lot people here will store their coins in a so called "Bitcoin Bank" for just a few percent annually interest. For once people can fully own what they have as they can be their own bank, and once again they will give out the control over their coins to a third party like they do with their fiat money....

[yayayo]

Expecting interest from depositing Bitcoin to a bank or similar entity without taking substantial risk is unrealistic. This is especially relevant because Bitcoin has a limited maximum number of coins ever issued. Unlike fiat, that is continually printed at central bank's choosing, Bitcoin's release method is fixed. Expecting "natural" interest from Bitcoin without using it as venture capital would mean that the total number of Bitcoin would have to be increased to pay out the interest to everyone. Bitcoin would then be like fiat, where each unit of currency constantly looses value over time, because the quantity of money increases.

The concept of monetary interest is not applicable to an effectively deflationary currency like Bitcoin. Just hold your coins and you will gain indirect interest in form of increases in purchasing power. With Bitcoin you are your own bank. That's how it was meant to be by Satoshi.

ya.ya.yo!

[Hui8]

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!

To easy, you need other securities or you lost your priv.  key then: you lost all!

[delliaerd]

Why would anyone want to store their btc in a bank. You need to store it on hot and cold wallets. Its really easy and then you know you always control your coins.

As always it's purely the greed aspect that takes people over completely. I am quite sure that a lot people here will store their coins in a so called "Bitcoin Bank" for just a few percent annually interest. For once people can fully own what they have as they can be their own bank, and once again they will give out the control over their coins to a third party like they do with their fiat money....

You have good point mate and i couldn't agree more with you,  bitcoin bank will give many advantages for bitcoin users. It has more complicated features that will make user more easier.

[jerowacik]

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

I think there is currently no. but if you want to speculate, you can play a HYIP. basically HYIP profitable, but for most people it is very detrimental. HYIP way of working together that gives a percentage of interest for those who invest in them. you will be lucky when you are the person who signed up early in the HYIP.

[shinratensei_]

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

"There is a bitcoin bank that really works like bank that provides interest for customer and available on this world"

Not for now, It's difficult for bitcoin to have an official institution like a bank become a central bitcoin storage have the same function with a bank. because some parties want to tackle bitcoin, when bitcoin wants to make a revolution.

[God27]

Bitcoin will never be used by a legal regulated bank directed to the consumer. What banks will use will be seen by you more as a digital IOU. Even the regulated distributed ledger's "digital asset"(example: ripple's XRP) won't even be used with the consumer as credit or other retail banking aspects.

The blockchain revolution, first used with bitcoin, will save the big banks mutilbillions per year while central banks gain more control.


http://www.lifehacker.com.au/2016/06/the-risks-of-blockchain-technology-and-how-to-combat-them/

http://www.euromoney.com/Article/3559909/Blockchain-continues-to-bewilder.html

[wintermeasures]

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

I think there is no such thing bitcoin bank, because bitcoin can be saved by each individual and for the transaction was easily without having to use bank i think thank you

[Altcoinsupporter]

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 .

It will be nice if there will be a Bitcoin bank and that is because you also can see now that there are now even more people that is using Bitcoin so that is really nice.
But it will be really hard to know what is going to happen with Bitcoin itself so that is the problem.

[KaliLinux]

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 .

It will be nice if there will be a Bitcoin bank and that is because you also can see now that there are now even more people that is using Bitcoin so that is really nice.
But it will be really hard to know what is going to happen with Bitcoin itself so that is the problem.

They may be implement bitcoin bank in future to get these stored and provide some more facility. I think this is the new way of banking systems for crypto currency same as present and just add some more facility like providing card and get that loaded online and spend it accordingly.

[Yakamoto]

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 .

It will be nice if there will be a Bitcoin bank and that is because you also can see now that there are now even more people that is using Bitcoin so that is really nice.
But it will be really hard to know what is going to happen with Bitcoin itself so that is the problem.

They may be implement bitcoin bank in future to get these stored and provide some more facility. I think this is the new way of banking systems for crypto currency same as present and just add some more facility like providing card and get that loaded online and spend it accordingly.

For sure there are going to be more Bitcoin banks popping up at some point in the future, the question then will become whether or not they are going to bring in the issues from traditional banking into Bitcoin or if they're going to maintain some integrity and not be shitbags like those who currently exist.

[Chris4210x]

before reading through 29 forums posts. Is there any real Bitcoin Bank yet?

[Galiatram]

Bitcoin banks i never heard about that and that is because it is not called like that if you want something to store coins you can use a bitcoin wallet thats what it called so if you want to use a sort of bank buy a wallet for your bitcoins.

[romero121]

In my view bitcoin banking helps in the increased adoption of bitcoin by users. If services related to western union were started in those bitcoin banks, gradually even people who were not good in technology use it.