Bitcoin Bank???

[Kasabus]

I think OP asks about the interest, not about the actual bank.

There re several online services where you can get interest on your BTC. Not a registered bank though. There s no 100% safety.

Nobody likes services that do not give useless secrets to our savings. That is why such a bank will not be popular.

Having to put my Bitcoin inside a Bank just for interest rates wouldn't be that smart. Bitcoin is already going up in value so why would I need more money and generate more risk rather than reward? A Bitcoin Bank would only have an interest rate of less than 1% or so, that just doesn't make sense to me.

Just simply holding Bitcoin inside a regular Bitcoin Wallet is enough for me. If the price goes up more then I would make more money and lose nothing.

I'm sure you will earn bigger but just holding it that store it in the bank for a little interest. In addition, I don't think we will be able to patronize a bitcoin bank when it will not offer us great benefits, our information is very important to us and as much as possible we want to keep it confidential.
The current system is already outstanding, it let us store our bitcoin in our respective wallet without divulging our personal information which I consider a full freedom on our part.

[Ravion]

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

yeah probably would not come bitcoin bank, but will come online wallet that is similar to bitcoin bank. where they promised interest and loans. but of course they have control over your bitcoin?

One of the main reasons for the invention of Bitcoin was the centralization that the banking system had created.
If there would be a Bitcoin bank it would undermine the decentralized nature of Bitcoin. And it would also undermine the anonymity. Banks would mean that the government would get involved (which means taxes). Anyone who would want to open an account at the bank would be asked for documents. Also, banks would be charging fees for storage and transactions. So I think that most people wouldn't want to use the services of such a bank.

[stergium]

I think OP asks about the interest, not about the actual bank.

There re several online services where you can get interest on your BTC. Not a registered bank though. There s no 100% safety.

Nobody likes services that do not give useless secrets to our savings. That is why such a bank will not be popular.

i myself do not like bitcoin banks, to i like the online wallet system. because the bitcoin  banks will centralize bitcoin and i do not think that any one will be ready for that to see bitcoin as centralize currency.

[btcdevil]

I think OP asks about the interest, not about the actual bank.

There re several online services where you can get interest on your BTC. Not a registered bank though. There s no 100% safety.

Nobody likes services that do not give useless secrets to our savings. That is why such a bank will not be popular.

i myself do not like bitcoin banks, to i like the online wallet system. because the bitcoin  banks will centralize bitcoin and i do not think that any one will be ready for that to see bitcoin as centralize currency.

Apart from what you are saying, if their is bitcoin bank then the meaning of Bitcoin existence will become nil, as Bitcoin and the wallet are itself a bank so it is really very bad idea of creating a bitcoin bank.

[ipungadhi]

I think OP asks about the interest, not about the actual bank.

There re several online services where you can get interest on your BTC. Not a registered bank though. There s no 100% safety.

Nobody likes services that do not give useless secrets to our savings. That is why such a bank will not be popular.

centralization as banks will not be in use by the user of bitcoin because many users choose to use bitcoin for decentralization
although bitcoin bank there. I think they will not get a lot of users

[Labumi]

I think OP asks about the interest, not about the actual bank.

There re several online services where you can get interest on your BTC. Not a registered bank though. There s no 100% safety.

Nobody likes services that do not give useless secrets to our savings. That is why such a bank will not be popular.

i myself do not like bitcoin banks, to i like the online wallet system. because the bitcoin  banks will centralize bitcoin and i do not think that any one will be ready for that to see bitcoin as centralize currency.

Apart from what you are saying, if their is bitcoin bank then the meaning of Bitcoin existence will become nil, as Bitcoin and the wallet are itself a bank so it is really very bad idea of creating a bitcoin bank.

Exactly once. If there is some State of the bitcoin bank will make regulations where each of their citizens using banks and prohibited from using bitcoin wallet bitcoin. Because it aims to scrutiny against the funds belonging to each of its citizens and they don't want that money which is owned by the State misused by those who are not responsible. And the thing that's most frustrating is that we get charged extra for every storage and also additional charge for every transaction done
 

[Sadlife]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

[Sniper44]

I think OP asks about the interest, not about the actual bank.

There re several online services where you can get interest on your BTC. Not a registered bank though. There s no 100% safety.

Nobody likes services that do not give useless secrets to our savings. That is why such a bank will not be popular.

centralization as banks will not be in use by the user of bitcoin because many users choose to use bitcoin for decentralization
although bitcoin bank there. I think they will not get a lot of users

a bitcoin bank will always be another service like many other services out there that are offering something about bitcoin, and you are right it would be centralized and because of that many will never use it but also a lot of people may actually use it because of all the services that a bank offers (the same services that they offer for fiat and we use)

[Wipro]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

[JANGKRIK BOSS]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

[KennyR]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

Bitcoin have gained more popularity than the past. This could surely be considered as an positive response for bitcoin to get agreed by governments. As a part several countries have made legal actions to the usage of bitcoin. So none opposing it but they are planning to make it function in a better way.

[ImHash]

Imagine you buying 100BTC at $1000 and then give it to bank to receive $5000 every month as your interest and even before 1 month is over price rises to $1100 and that right there is $10,000 growth of your initial investment but that won't matter now since you invested your coins in the bank for a fixed interest rate.

No one willing to risk the loss of funds, not you as bitcoin holder that will never give your coins to a bank for a fixed interest rate and not the imaginary bank will do business taking the dollar value of bitcoin and same time allowing you to withdrawal your bitcoins even if you will give them the monthly payments back.

Will you deposit the coins that you bought at $1000 for 6 months to receive 20% yearly interest depending on the market price? if price drops and goes lower than $900 then the entire payout system of the bank should recalculate to pay you less money. but if price jumps to $1500 will they recalculate your monthly payment by increasing it? I don't think so.

Then if you want to just deposit fiat or deposit bitcoin but be treated like fiat then why even bother to deposit with bitcoins at all?

[usefrees]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency

[nethan1btc]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency

Exactly that is a very better future of bitcoin and that popularity that you mentioned would highly be influencing the people in our local area. And with the bitcoin bank equipped of optional transactions that digital currency is recognized to be sustainable monetary source, banking is  a very good idea to have with every bitcoin users in different countries because of its strong security.

[danherbias07]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

Yes. They are just hard headed not thinking they can recreate something that can equal bitcoin. But with a lot of supporters they will be having a hard time considering those supporters are the people they should be serving.
The government will be the srrongest asset for they can control the media.

[BitcoinPC]

Bitcoin bank is not a good idea, because that goes directly against principles of bitcoin. Be your own bank, that was first words I saw about bitcoin, don't trust third party to finish what you can do by yourself. Bitcoin bank will exist one day just because some people are not capable to things alone, some people always needs help and that's why there will always be service's that will take money from people for doing simple jobs instead of them.

I agree with you , bitcoin banking is not a good idea, it is just like using the regular bank, if that is so why not just use the bank instead of bitcoin?
We should be bank of our own. Things will not be the same if bitcoin will be bank.  Bitcoin is good without a bank.

[Paid Piper]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency

but still i think bitcoin banks are not good idea. to me i think if a person want to save their bitcoin the online wallelt is even good way of making money.

[kreskko]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency

but still i think bitcoin banks are not good idea. to me i think if a person want to save their bitcoin the online wallelt is even good way of making money.

If we talk about bitcoin banks, then I do not see any difference between real banks and what they offer to do for bitcoin. Of course, probably there will be an opportunity to regulate a large number of legal issues of users, but already control over the finances of the user bitcoin, and this will already badly affect the popularity of the crypto currency.

[Trongersoll]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency

I don't think so government will ever make it legitimate money. reason is simple if it made legitimate then the policies and procedure will be applied similar to what we have in banks. it will become as a normal currency which we use daily But what is possible i will tell you, more people will start using it as the word is becoming more digital and people are becoming more smart they know which option to choose and how to reap the benefit from the new feature. Finally we will see more member joining btc which is a good sign for the btc world.

[ChineTownMan]

People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.

It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent.
Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money.

Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money.

Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency

I don't think so government will ever make it legitimate money. reason is simple if it made legitimate then the policies and procedure will be applied similar to what we have in banks. it will become as a normal currency which we use daily But what is possible i will tell you, more people will start using it as the word is becoming more digital and people are becoming more smart they know which option to choose and how to reap the benefit from the new feature. Finally we will see more member joining btc which is a good sign for the btc world.

I agree with you - the government does not want to take bitcoin. It is afraid of the collapse of its own economy. Money will not go to the treasury. There will be no deductions and taxes on the crypto currency. This negatively affects the economy of the country