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Question: Do you agree with idea "Bitcoin bank" ?
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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 139028 times)
anonbit992
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January 23, 2017, 03:29:33 PM

Bitcoin was created to free everyone from the control of banks and governments. It is gives you the power to be your own bank! and now we got people asking to make a bitcoin bank, which I think is ridiculous! It against the entire idea of bitcoin, just think for yourself. Banks will centralize everything rather than decentralization.

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January 23, 2017, 04:30:56 PM

Many of us didnt want bitcoin banks according to this thread , Even me I didnt want it but we can swe the positive side of it. If bitcoin havr banks the risk of banning of bitcoin will be faded . Government will accept bitcoin and there is a chance that famous stores will accept bitcoin. The knowledge of bitcoin can spreas too. Many people will start using bitcoin. But in exchange we will be controled and the anonimity will be gone. But Im hoping if bitcoin banks will be built the things will run smoothly.


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January 23, 2017, 07:37:20 PM

Many of us didnt want bitcoin banks according to this thread , Even me I didnt want it but we can swe the positive side of it. If bitcoin havr banks the risk of banning of bitcoin will be faded . Government will accept bitcoin and there is a chance that famous stores will accept bitcoin. The knowledge of bitcoin can spreas too. Many people will start using bitcoin. But in exchange we will be controled and the anonimity will be gone. But Im hoping if bitcoin banks will be built the things will run smoothly.

You seem to have hit the nail on the head

I didn't consider this point when I was thinking about advantages and benefits that Bitcoin banks could potentially provide and bring to many Bitcoin users. Really, if banks, I mean regular banks start accepting Bitcoin and open accounts in it, that will be a strong and likely decisive argument for many big online retailers in favor of accepting Bitcoin too, as a means of payment for their goods and services. After all, isn't it what most of us are looking for? Somehow I overlooked that second-tier effect

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January 23, 2017, 11:31:37 PM

no i do not agree with bitcoin bank because bitcoin has do not need any bank.
I think bitcoin will need the bank to be more famous. regardless of the presence or not users will be using bitcoin bank, at least there are plenty of third party began to believe and make business in bitcoin

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January 24, 2017, 07:06:53 AM

Many of us didnt want bitcoin banks according to this thread , Even me I didnt want it but we can swe the positive side of it. If bitcoin havr banks the risk of banning of bitcoin will be faded . Government will accept bitcoin and there is a chance that famous stores will accept bitcoin. The knowledge of bitcoin can spreas too. Many people will start using bitcoin. But in exchange we will be controled and the anonimity will be gone. But Im hoping if bitcoin banks will be built the things will run smoothly.
There are some countries that already accept bitcoin. Also even government ban the bitcoin, we still can use it. So I think we don't need bitcoin banks, only use wallet is enough.


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January 24, 2017, 07:43:27 AM

Bitcoin was created to free everyone from the control of banks and governments. It is gives you the power to be your own bank! and now we got people asking to make a bitcoin bank, which I think is ridiculous! It against the entire idea of bitcoin, just think for yourself. Banks will centralize everything rather than decentralization.

yet i believe many people lie to being controlled as log as who control their funds offer them soem sort of protection, i can bet my ass that bitcoin banks will be a reality in the future

where average joe can store their funds safely, those same people can't keep safe their local wallet...and btw there are already some forms of bitcoin banks, like xapo wallet, and coinbase itself, they have insurance, they are solid and reliable
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January 24, 2017, 08:32:02 AM

Bitcoin was created to free everyone from the control of banks and governments. It is gives you the power to be your own bank! and now we got people asking to make a bitcoin bank, which I think is ridiculous! It against the entire idea of bitcoin, just think for yourself. Banks will centralize everything rather than decentralization.

yet i believe many people lie to being controlled as log as who control their funds offer them soem sort of protection, i can bet my ass that bitcoin banks will be a reality in the future

where average joe can store their funds safely, those same people can't keep safe their local wallet...and btw there are already some forms of bitcoin banks, like xapo wallet, and coinbase itself, they have insurance, they are solid and reliable
But are they guided by the banking system? Honestly, I do not put my bitcoins with the above mentioned, I have my money in my local exchange site and I feel it's not secured due to no insurance at all, however I minimize the risk by spreading my deposits in different wallets.

Bitcoin bank will surely help those who are holding big volume of bitcoins, they will feel safe with this bitcoin bank that is going to exist in the future.

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AjithBtc
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January 24, 2017, 09:18:20 AM

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

Bitcoin doesn't need any banks, but only through banks can reach common people who are not much aware of digitized development in the financial system.



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BeGoods
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January 24, 2017, 09:22:31 AM

Many of us didnt want bitcoin banks according to this thread , Even me I didnt want it but we can swe the positive side of it. If bitcoin havr banks the risk of banning of bitcoin will be faded . Government will accept bitcoin and there is a chance that famous stores will accept bitcoin. The knowledge of bitcoin can spreas too. Many people will start using bitcoin. But in exchange we will be controled and the anonimity will be gone. But Im hoping if bitcoin banks will be built the things will run smoothly.
There are some countries that already accept bitcoin. Also even government ban the bitcoin, we still can use it. So I think we don't need bitcoin banks, only use wallet is enough.
Bank does not mean just from the government, many third parties are able to make a bitcoin bank, but of course the security is not so assured. I had no issues there. after all, you're free not to use or use it

   
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January 24, 2017, 09:22:41 AM

Bitcoin was created to free everyone from the control of banks and governments. It is gives you the power to be your own bank! and now we got people asking to make a bitcoin bank, which I think is ridiculous! It against the entire idea of bitcoin, just think for yourself. Banks will centralize everything rather than decentralization.

yet i believe many people lie to being controlled as log as who control their funds offer them soem sort of protection, i can bet my ass that bitcoin banks will be a reality in the future

where average joe can store their funds safely, those same people can't keep safe their local wallet...and btw there are already some forms of bitcoin banks, like xapo wallet, and coinbase itself, they have insurance, they are solid and reliable
But are they guided by the banking system? Honestly, I do not put my bitcoins with the above mentioned, I have my money in my local exchange site and I feel it's not secured due to no insurance at all, however I minimize the risk by spreading my deposits in different wallets.

Bitcoin bank will surely help those who are holding big volume of bitcoins, they will feel safe with this bitcoin bank that is going to exist in the future

Help with getting rid of them?

If you sit on a pile of bitcoins, your only rational choice to keep them in seems to be using a paper wallet (or brain wallet if you are that tough). If you are trading big time, then of course you will have to store your coins in the exchange account anyway, but other than that, you might want to mitigate all possible third party risks which can only be potentially eliminated

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January 30, 2017, 02:53:12 PM

I don't understand the idea of bitcoin bank, one of main ideas of bitcoin is not to have banks.

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January 30, 2017, 02:55:10 PM

Many of us didnt want bitcoin banks according to this thread , Even me I didnt want it but we can swe the positive side of it. If bitcoin havr banks the risk of banning of bitcoin will be faded . Government will accept bitcoin and there is a chance that famous stores will accept bitcoin. The knowledge of bitcoin can spreas too. Many people will start using bitcoin. But in exchange we will be controled and the anonimity will be gone. But Im hoping if bitcoin banks will be built the things will run smoothly.
There are some countries that already accept bitcoin. Also even government ban the bitcoin, we still can use it. So I think we don't need bitcoin banks, only use wallet is enough.
Bank does not mean just from the government, many third parties are able to make a bitcoin bank, but of course the security is not so assured. I had no issues there. after all, you're free not to use or use it
The problem is that even private banks have many points of centralization. In addition, such banks are often heavily influenced by the governments of the countries in which they operate, and receive a series of regulations.

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January 30, 2017, 02:57:58 PM

I know that decentralization is on of the biggest features and advantages of Bitcoin but I don't disagree with the idea of Bitcoin bank. Bitcoin bank shouldn't follow the bad example of conventional bank but it could offer some new features and products to the Bitcoins users in more unconventional maner, so this doesn't have to be something bad.

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Vikash kumar
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January 30, 2017, 03:43:46 PM

Yes l am agree with bitcoin bank  because with the help of this we can exchange our bitcoin and l hope that due to this facilities mostly people want to get bitcoin.

AUDREY23
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January 30, 2017, 05:04:56 PM

Yes l am agree with bitcoin bank  because with the help of this we can exchange our bitcoin and l hope that due to this facilities mostly people want to get bitcoin.

seems like a nice idea but to make bitcoin bank takes how many thousands of offices to meet the users in each country is different, unlike the case with the Automated Teller bitcoin, itiu simpler place is small.

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January 30, 2017, 05:08:31 PM

I dont see why we really need bitcoin banks, beside the maybe thing that would make merchants work with it, something at the moment just a few merchants accepting bitcoin. If banks get a product to bitcoin, it might atract few of us inside, but lending we are able already, the max banks can do is loan and take bitcoin as payment that could be a good option, but i dont see banks adopting bitcoin.


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bering
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January 30, 2017, 05:12:00 PM

Yes l am agree with bitcoin bank  because with the help of this we can exchange our bitcoin and l hope that due to this facilities mostly people want to get bitcoin.
exchange bitcoin to other currency obviously no necessary to use banks because currently there is no bitcoin banks and people still able to buying or selling bitcoin and if there is bitcoin banks offering feature just like you say then people will more likely to choose bitcoin exchange because it is more simple

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January 30, 2017, 05:17:37 PM

I dont see why we really need bitcoin banks, beside the maybe thing that would make merchants work with it, something at the moment just a few merchants accepting bitcoin. If banks get a product to bitcoin, it might atract few of us inside, but lending we are able already, the max banks can do is loan and take bitcoin as payment that could be a good option, but i dont see banks adopting bitcoin.

Yes, this is one of the reasons why such banks may be useful

And likely not so much because of the banks themselves accepting Bitcoin (though this will certainly add to Bitcoin wider adoption on its own), but because banks would start using Bitcoin only if they are allowed to do so, i.e. the government itself accepts Bitcoin as a legal means of payment. I guess that would deliver the most positive impact on Bitcoin adoption by merchants, especially big online retailers, which usually offer to their clients the widest range of payment methods

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January 30, 2017, 07:53:47 PM

no i do not agree with bitcoin bank because bitcoin has do not need any bank.
you are right that bitcoin have do not need any bank because bitcoin online system is very stable and i think bank will get a high fees and so online system is very much better than bank system and bitcoin online transaction fees is very much lower.

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February 04, 2017, 08:35:44 PM

I do not think that the creation of bitcoin bank will make something new in the financial system and most importantly to the convenience of human life. The differences between ordinary banks and the bank is practically no bitcoin.
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