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Question: Do you agree with idea "Bitcoin bank" ?
Yes
No
I don't know/I'm not sure yet
I don't care

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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 139183 times)
Sosaso75
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January 22, 2017, 10:06:53 AM
 #1081

What a great idea....people all over the world are waiting for this kind of service. Afterwards put bitcoin ATM's all over the place..done!

I am NOT superstitious,but I am a little stitious !
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January 22, 2017, 10:07:40 AM
 #1082

Decentralized currency > centralized bank currency.

 Smiley
I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use

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January 22, 2017, 10:56:14 AM
 #1083

Decentralized currency > centralized bank currency.

 Smiley
I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use
I also disagree to him as people are tired of using banks and they want a decentralized system that is why they want to put their money in bitcoin and do not want to give the control of their money to any third party. If a bank will start with bitcoin then there will be some hurdles appear to our decentralized system of bitcoin.

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January 22, 2017, 11:25:37 AM
 #1084

Decentralized currency > centralized bank currency.

 Smiley
I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use
I also disagree to him as people are tired of using banks and they want a decentralized system that is why they want to put their money in bitcoin and do not want to give the control of their money to any third party. If a bank will start with bitcoin then there will be some hurdles appear to our decentralized system of bitcoin.
I don't think that's true, still, there are majority of people who trusted banks to safeguard their money. It's not easy to live this world if everything is decentralized, hence we need a decentralized and centralized that work together.



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January 22, 2017, 11:32:14 AM
 #1085

What a great idea....people all over the world are waiting for this kind of service. Afterwards put bitcoin ATM's all over the place..done!

Do we really need banks to have an ATM?
That made me realize something. I think we dont really need one. As long as there is a card that can be made by one industry and there is a place where money could be stored then we could also create this ATM like machine that we can withdraw those funds right?

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January 22, 2017, 11:32:46 AM
 #1086

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
I believe exactly the same this one of the worst ideas I've ever heard,a " bank" has nothing to offer and it is against  philosophy the few who agree with this idea and are interested in using a bank like this to keep their coins are probably newbies or people who never understood the concept of .
yeah it is one of the worst idea i have seen it is against the rules of the bitcoin and philosophy. most of the people says that newbays are in the favour of this idea iam a newbay and iam not in tha favour of this idea.
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January 22, 2017, 12:00:37 PM
 #1087

What a great idea....people all over the world are waiting for this kind of service. Afterwards put bitcoin ATM's all over the place..done!

Do we really need banks to have an ATM?
That made me realize something. I think we dont really need one. As long as there is a card that can be made by one industry and there is a place where money could be stored then we could also create this ATM like machine that we can withdraw those funds right?
Bitcoin banks will prove that it will be unnecessary in the world. Because of the fact that there are now wallets that have a withdrawal option to convert there Bitcoin to Fiat directly to their Bank Account. Also banks accepting Bitcoin needs to assume the fact that our world is run by Bitcoin which is not as for the moment and it won't happen based on my predictions.

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January 22, 2017, 12:19:34 PM
 #1088

If a bank offers their own crypto we must not use it, if you think they have a great control already imagine what they could do with their own blockchain and crypto currency.
it is not just about trust and them not stealing your bitcoins. there may someday be a 100% trusted place where you can call bitcoin bank and fully trust. it is not making it any good though!
And if a so called Bitcoin bank will become reality, it will not even be close to what regular fiat banks are. It will just be a service that has been started up by someone thinking to have found a great and profitable business. The actual importance of this is zero. It's only important in the minds of rookies.
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January 22, 2017, 12:22:19 PM
 #1089

What a great idea....people all over the world are waiting for this kind of service. Afterwards put bitcoin ATM's all over the place..done!

Do we really need banks to have an ATM?
That made me realize something. I think we dont really need one. As long as there is a card that can be made by one industry and there is a place where money could be stored then we could also create this ATM like machine that we can withdraw those funds right?
Bitcoin banks will prove that it will be unnecessary in the world. Because of the fact that there are now wallets that have a withdrawal option to convert there Bitcoin to Fiat directly to their Bank Account. Also banks accepting Bitcoin needs to assume the fact that our world is run by Bitcoin which is not as for the moment and it won't happen based on my predictions.
I'm also not really a fan of "Bitcoin Banks", but it's all supply and demand that rules the market/industry.

If there are enough people that do see added value in "Bitcoin Banks", and I'm sure there are many people who think like that, then it will become reality.

If people enjoy insured balances, generate interest over their coins, where they also get like a Bitcoin related debit card where they can basically pay everywhere in the world at ultra low cost, then it surely will attract many interested people.

Don't forget that not everyone cares about privacy related aspects. They don't even care about financial freedom as they don't want to take responsibility of managing their own money. They put more faith in a central authority than vice versa.

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January 22, 2017, 01:13:21 PM
 #1090

I won't support this idea, simply because bitcoin has already many place to be put on and that is bitcoin wallet, 3rd party wallets. In my own opinion you dont have to make a tangible thing for a non-tangible one. So a non-tangble bitcoin is good for a non-tangible wallet. Good bye and let's not welcome bitcoin banks.
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January 22, 2017, 01:52:10 PM
 #1091

I won't support this idea, simply because bitcoin has already many place to be put on and that is bitcoin wallet, 3rd party wallets. In my own opinion you dont have to make a tangible thing for a non-tangible one. So a non-tangble bitcoin is good for a non-tangible wallet. Good bye and let's not welcome bitcoin banks.
Maybe we have to think that the purpose on why bitcoin was created is because we want to have a decentralized transaction, banks will make it decentralized and we do not want that to happen, we can have our bank in real world while we also have a chance to use a decentralized system.

I don't know what would a bitcoin bank look like but if it's similar with the banking system in the real world, then for sure, lots of people will not support it.

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January 22, 2017, 01:56:40 PM
 #1092

I won't support this idea, simply because bitcoin has already many place to be put on and that is bitcoin wallet, 3rd party wallets. In my own opinion you dont have to make a tangible thing for a non-tangible one. So a non-tangble bitcoin is good for a non-tangible wallet. Good bye and let's not welcome bitcoin banks.
Maybe we have to think that the purpose on why bitcoin was created is because we want to have a decentralized transaction, banks will make it decentralized and we do not want that to happen, we can have our bank in real world while we also have a chance to use a decentralized system.

I don't know what would a bitcoin bank look like but if it's similar with the banking system in the real world, then for sure, lots of people will not support it.

Right ,let our wallet alone do the security and transactions. There are lots of wallet already that are capable on ensuring the safety and security of our bitcoin as well it only gives free and some small transaction fees . So there is no need for bitcoin bank I will not use it if ever made.

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January 22, 2017, 01:58:44 PM
 #1093

This is a free market, let people do whatever they want, if it is lucrative or gives another advantages, then people will use it, otherwise it will just fail.

That being said, I would not use a Bitcoin bank because of the fees, that are higher, the bureocracy and the less anonymity. The government or the bank itself may freeze any account at any moment, with or without a reason



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January 23, 2017, 12:18:47 PM
 #1094

Decentralized currency > centralized bank currency.

 Smiley
I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use
I also disagree to him as people are tired of using banks and they want a decentralized system that is why they want to put their money in bitcoin and do not want to give the control of their money to any third party. If a bank will start with bitcoin then there will be some hurdles appear to our decentralized system of bitcoin.
I don't think that's true, still, there are majority of people who trusted banks to safeguard their money. It's not easy to live this world if everything is decentralized, hence we need a decentralized and centralized that work together.
That is true which I said and the proof is the promotion and adoption of bitcoin. Many people yes use banks for their money and finance matters but they do not find any other place for their money and they are bothered with the delay worldwide transactions and high fees.

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January 23, 2017, 12:50:35 PM
 #1095

Decentralized currency > centralized bank currency.

 Smiley
I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use
I also disagree to him as people are tired of using banks and they want a decentralized system that is why they want to put their money in bitcoin and do not want to give the control of their money to any third party. If a bank will start with bitcoin then there will be some hurdles appear to our decentralized system of bitcoin.
I don't think that's true, still, there are majority of people who trusted banks to safeguard their money. It's not easy to live this world if everything is decentralized, hence we need a decentralized and centralized that work together.
That is true which I said and the proof is the promotion and adoption of bitcoin. Many people yes use banks for their money and finance matters but they do not find any other place for their money and they are bothered with the delay worldwide transactions and high fees.

For the reason that banks have high transaction fee and long time requirement for transactions bitcoin bank is not the right solution. When we depend on a bank other than a wallet, someone has governance over us which gives the bitcoin a degradation in value similar to a centralized currency.



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January 23, 2017, 12:58:58 PM
 #1096

I believe first generation people here hate banks and modern financial system, Bitcoin is an exit point for most of them. But after Bitcoin expand to masses a lot of regular joes come here and we see results of that mindset now. For the first part Bitcoin is revolutionary freedom of monetary system, but for the latter Bitcoin is just a digital money. They think it's ok to hold money (Bitcoin) in banks, it's more secure. I can understand from their point of view but I don't agree at all.


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January 23, 2017, 01:06:14 PM
 #1097

Personally I don't agree as Bitcoin is a crypto-currency meant to provide anonymous transactions. If we want to give our personal info to an institution we would simply use a bank in our city,but why would you store your bitcoin in a bank when you have your own wallet on your personal computer,or an a paper..lol


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January 23, 2017, 02:53:48 PM
 #1098

one of the main ideas behind bitcoin, is descentralization, people that are tired of figure(bank) who dictates teh rules of the market, that would happen if banks control bitcoin, cryptocurrencies are an alternative to bank instution, with no one controllling it, at least in theory. Until now no one control bitcoin market(crytocurrenciees). why will we change that?

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January 23, 2017, 03:03:16 PM
 #1099

Decentralized currency > centralized bank currency.

 Smiley
I think bitcoin bank would be tantamount to an exchange which provides identity verification requirement for a verified member, in some countries there are several exchange sites who like that, but I think though that centralization was not a problem if the user wants to use
I also disagree to him as people are tired of using banks and they want a decentralized system that is why they want to put their money in bitcoin and do not want to give the control of their money to any third party. If a bank will start with bitcoin then there will be some hurdles appear to our decentralized system of bitcoin.
I don't think that's true, still, there are majority of people who trusted banks to safeguard their money. It's not easy to live this world if everything is decentralized, hence we need a decentralized and centralized that work together.
I think that if there are people who prefer to see money stored in a centralized institution, then surely fiat currency would be a better choice for these people, because the advantage of Bitcoin lies in the fact that the user who has the coins is the only person in the control of his money. And that's a good thing, in my opinion, because it's like you're your own bank.

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January 23, 2017, 03:06:11 PM
 #1100

no i do not agree with bitcoin bank because bitcoin has do not need any bank.

Veritas Mining

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