Bitcoin Bank???

[gilangIDR]

I think that with the bank bitcoin, bitcoin then the confidence level would be better. bitcoin bank may bring against the government's confidence bitcoin. This is a good start for the future.

[richardsNY]

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.

It depends on from what perspective people look at it. Some people like the level of security that banks offer as money there is secured. I think they like the idea of having a similar experience with Bitcoin. But the main point is that you lose control over everything. That's why I would never send my coins to a third party to take care of my coins. With Bitcoin people are their own bank, that's the most important aspect. Never forget that.

[mornabo]

I think that with the bank bitcoin, bitcoin then the confidence level would be better. bitcoin bank may bring against the government's confidence bitcoin. This is a good start for the future.

maybe it could happen. because the bank bitcoin only then one choice can control the user bitcoin and along with their bitcoin. certainly the government would be interested in the bank's bitcoin

[Kasabus]

I think that with the bank bitcoin, bitcoin then the confidence level would be better. bitcoin bank may bring against the government's confidence bitcoin. This is a good start for the future.

maybe it could happen. because the bank bitcoin only then one choice can control the user bitcoin and along with their bitcoin. certainly the government would be interested in the bank's bitcoin

That defeats the purpose why we are adopting bitcoin, we like a decentralized system and I am pretty sure it will not happen and actually banks are planning to have their own blockchain type system because they cannot control our own bitcoin.

[fuathan]

I think there will be not unless there are solid regulations for bitcoin. However, regulations contradict with bitcoin's decentralized nature. 

[Script3d]

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.

agree with you its a bad idea having a bitcoin bank because the hot wallet can be hacked just like the trading site hacked , the bank itself can steal the bitcoins of people.

[lOvE mE forEvEr]

I think with the bitcoin bank actually provide many restrictions in the use of bitcoin. we all know that banks require official data that issued from police or the government, so that we can be sure bitcoin as fiat money.

[lol3c]

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.

Agree. Bitcoiners will absolutely disapprove this idea. Do not let the government control us, Bitcoin was created for freedom, do not put your Bitcoin into those stupid banks. Wallet can adapt all the functions we need. However, we must prepare for the worst situation that the government know how to centralize us and our Bitcoin

[CryptoVzla]

I think that with the bank bitcoin, bitcoin then the confidence level would be better. bitcoin bank may bring against the government's confidence bitcoin. This is a good start for the future.

Thats sounds like the bitcoin needs to be regulated and i think that it's against the bitcoin

[skyway1]

I think a bitcoin bank is not good because, the bitcoin is created to be independent and not dependable in a bank, and there is a lot of people like to use bitcoin as online
So I do not think its needed to create a bank to create such kind of system for it.

[Theb]

I don't know how it will work for any of us. A Bitcoin Bank that provides interest to us? Maybe it is some kind of an impossible thing because Banks need to handle the volltility of Bitcoin. A Volatile money means it won't be profitable to banks because no customer is willing to accept that kind of currency.

[Tatalk]

I don't know how it will work for any of us. A Bitcoin Bank that provides interest to us? Maybe it is some kind of an impossible thing because Banks need to handle the volltility of Bitcoin. A Volatile money means it won't be profitable to banks because no customer is willing to accept that kind of currency.

When the bitcoin is used by more than certain number of people, the price will be much more stable.

[BrewMaster]

I don't know how it will work for any of us. A Bitcoin Bank that provides interest to us? Maybe it is some kind of an impossible thing because Banks need to handle the volltility of Bitcoin. A Volatile money means it won't be profitable to banks because no customer is willing to accept that kind of currency.

a bank is not just offering profit, there are lots of other services they offer too. such as storing money, giving loans, giving ways to spend it such as credit cards, checks, ... some of these services would be stupid with bitcoin but many may like it.
also the volatility is not an issue when you just work with bitcoin meaning you receive bitcoin and pay bitcoin

[Theb]

I don't know how it will work for any of us. A Bitcoin Bank that provides interest to us? Maybe it is some kind of an impossible thing because Banks need to handle the volltility of Bitcoin. A Volatile money means it won't be profitable to banks because no customer is willing to accept that kind of currency.

a bank is not just offering profit, there are lots of other services they offer too. such as storing money, giving loans, giving ways to spend it such as credit cards, checks, ... some of these services would be stupid with bitcoin but many may like it.
also the volatility is not an issue when you just work with bitcoin meaning you receive bitcoin and pay bitcoin

Yeah it would not make sense to us Bitcoin Users depositing out Bitcoin to a Bank. It is like putting your money into nothing. A Bitcoin Wallet has all the functions that you are looking for a bank except for loans and interest. However the growth of Bitcoin is greater than any interest that a bank is offered. If I were you having your Bitcoin in your wallet is much better because you have full control of it.

[kidoseagle0312]

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

I am not really agreed on  Bitcoin bank, I don't know why some of the people in this industry are trying to push or promote the bitcoin bank. Maybe he/she has an intention to get the trust of the bitcoin users which is once they get it and many are entrust their bitcoin in it. There is a possibility that the owner of the bitcoin bank can declare bankruptcy, so their client had nothing to do with it. Same as the policy in typical bank in the private sector.

[Xester]

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

I am not really agreed on  Bitcoin bank, I don't know why some of the people in this industry are trying to push or promote the bitcoin bank. Maybe he/she has an intention to get the trust of the bitcoin users which is once they get it and many are entrust their bitcoin in it. There is a possibility that the owner of the bitcoin bank can declare bankruptcy, so their client had nothing to do with it. Same as the policy in typical bank in the private sector.

ea
Many are proposing a bitcoin banks because they wanted security against hackers and volatility. And if in case the bank will be hacked or anything there is an insurance that will refund the depositors. We cannot blame these people since they probably lost a significant amount from hacking and volatility of bitcoins. Bitcoin bank is not bad but it must exist when bitcoin has already met its maximum value at 100 million dollars each.

[BitHodler]

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

I am not really agreed on  Bitcoin bank, I don't know why some of the people in this industry are trying to push or promote the bitcoin bank. Maybe he/she has an intention to get the trust of the bitcoin users which is once they get it and many are entrust their bitcoin in it. There is a possibility that the owner of the bitcoin bank can declare bankruptcy, so their client had nothing to do with it. Same as the policy in typical bank in the private sector.

ea
Many are proposing a bitcoin banks because they wanted security against hackers and volatility. And if in case the bank will be hacked or anything there is an insurance that will refund the depositors. We cannot blame these people since they probably lost a significant amount from hacking and volatility of bitcoins. Bitcoin bank is not bad but it must exist when bitcoin has already met its maximum value at 100 million dollars each.

I can understand that a bank in potential could offer people the security of insured coin balances, but how exactly will they prevent people from being exposed to the volatility?

Bitcoin is a free market where 24/7 people with deep pockets can cause the price to plummet heavily, and I am sure banks are well aware of that.

For that reason I don't believe banks will ever offer whatever form of protection against the volatility. It would basically mean that they are also an open target for extortionists as it can be used against the bank.

[bitart]

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

I am not really agreed on  Bitcoin bank, I don't know why some of the people in this industry are trying to push or promote the bitcoin bank. Maybe he/she has an intention to get the trust of the bitcoin users which is once they get it and many are entrust their bitcoin in it. There is a possibility that the owner of the bitcoin bank can declare bankruptcy, so their client had nothing to do with it. Same as the policy in typical bank in the private sector.

ea
Many are proposing a bitcoin banks because they wanted security against hackers and volatility. And if in case the bank will be hacked or anything there is an insurance that will refund the depositors. We cannot blame these people since they probably lost a significant amount from hacking and volatility of bitcoins. Bitcoin bank is not bad but it must exist when bitcoin has already met its maximum value at 100 million dollars each.

I can understand that a bank in potential could offer people the security of insured coin balances, but how exactly will they prevent people from being exposed to the volatility?

Bitcoin is a free market where 24/7 people with deep pockets can cause the price to plummet heavily, and I am sure banks are well aware of that.

For that reason I don't believe banks will ever offer whatever form of protection against the volatility. It would basically mean that they are also an open target for extortionists as it can be used against the bank.

Banks don't protect you from volatility in the real life as well. E.g.: You live in the USA and you want to have an account in EUR currency. The bank lets you open the account, helps you exchange your USD to EUR, but after the bank won't protect you from the volatility of EUR, that means you won't be sure that your EUR will worth the same amount of USD compared to the time when you originally had it exchanged. This is not a problem in real life, why should it be a problem in connection with bitcoin? A lot of peole use the volatility of different currencies and uses it to make money by exchanging the currencies at the proper time.

[warwar]

Most likely bitcoin wallets serves as banks for our bitcoins but does not have an actual system features like what real banks have.But coinbase i think offer likely but not the same services as real banks offer.But there are maybe more coming wallet that will feature all that too

[Kasabus]

Most likely bitcoin wallets serves as banks for our bitcoins but does not have an actual system features like what real banks have.But coinbase i think offer likely but not the same services as real banks offer.But there are maybe more coming wallet that will feature all that too

There's plenty of accounts that has been compromise with coinbase, that is a basic example on how banks work. We need to ensure that our funds is coming from a legitimate business or transaction to avoid this kind of problem. Like a real bank does, if you are suspected and eventually proven you are getting funds from illegal transactions, there is a law that they follow to freeze your accounts and you cannot do anything about it unless you clear your name.
With Bitcoin bank, we have to be aware of the do's and don'ts to remain safe and to be able to benefit from our deposits in the future.