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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 139498 times)
deisik
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February 05, 2017, 01:20:03 PM

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.
A bitcoin bank is similar to bitcoin wallet where you so not necessarily need personal info to keep your bitcoin.
Honestly I do not get the purpose of having a bitcoin bank.
Why would one ever want to keep bitcoin in bank?For safety? or for interest? why?

I can come up with a few answers to this question

For example, big online retailers might agree to accept Bitcoin as a means of payment if such payments are processed only through banks. In this way, they might likely avoid being accused of pandering to money laundering (or similar things) while Bitcoin users would get an opportunity to buy various stuff online with their coins. Another option is to use bank deposits (namely, depositary receipts) as paper bitcoins, which would also contribute to Bitcoin wider usage as a means of payment

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February 05, 2017, 01:21:59 PM

Truly, i think this thought is inept and most exceedingly terrible thought that i've found in my life. What do you think?

p.s. we don't discuss bitcoin charge card OR any incorporated administration which just ask name and email address.

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February 05, 2017, 01:39:55 PM

I agree with it, because, I think that, we need bitcoin bank to supply our bitcoins, or we can save our bitcoins. This kind of bank will help the users of bitcoins, we can be easily withdraw or deposit on our bitcoins easily, and better to have a account where your virtual money can touch. These innovations can help a lot to bitcoin users.

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February 05, 2017, 01:40:39 PM

I think that Bitcoin is made to be everything opposite of the fiat currency system. Bitcoin banks would ruin the whole Bitcoin system. The system is great now as it is and I strongly agree that the whole idea of the Bitcoin bank is stupid and we do not need it.
there is no reason to say bitcoin bank is a stupid idea. you may not understand everything. with the bank we can save our bitcoin safely. as well as saving money in the real world. it will make us profit from bitcoin storage results in the bank.


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February 05, 2017, 02:40:45 PM

I agree with it, because, I think that, we need bitcoin bank to supply our bitcoins, or we can save our bitcoins. This kind of bank will help the users of bitcoins, we can be easily withdraw or deposit on our bitcoins easily, and better to have a account where your virtual money can touch. These innovations can help a lot to bitcoin users.
i think people do not like to use the traditional method of banking. to go to banks fill a form, carry check stand in line and withdraw your bitcoin. i think the current system of online wallets is the best way, you can withdraw your bitcoin and do transaction in seconds, and another reason is that still the users of bitcoin are low in number therefore currently we do not need for any bitcoin banks in present time.


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February 05, 2017, 02:48:59 PM

Bitcoin was created to be a decentralised currency that is opposite to bank system. I don't think that we need Bitcoin bank, because it can destroy the main idea of Bitcoin.

barnes13
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February 05, 2017, 02:58:57 PM

I don't have an idea it's will be good or not, but I think it can't be implemented because bank and Bitcoin have a different purpose. Bitcoin will not decentralized again if the Bitcoin bank happen. If Bitcoin bank will happen I won't to save my Bitcoin on it.

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February 05, 2017, 03:04:58 PM

I don't have an idea it's will be good or not, but I think it can't be implemented because bank and Bitcoin have a different purpose. Bitcoin will not decentralized again if the Bitcoin bank happen. If Bitcoin bank will happen I won't to save my Bitcoin on it.

i think the bank for bitcoin is like a wallet that we have now, but for the real bank, i think its not good because if there is any bank for bitcoin, then there should be a tax for this and we must pay the fee for monthly and beside that, maybe we can manage bitcoin by ourself. i better to keep saving my bitcoin with my wallet.

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February 05, 2017, 04:13:52 PM

Yes your Bitcoin wallet is technically a bank itself as Blockchain states "Be your own bank!"

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February 05, 2017, 08:07:38 PM

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.

Already philosophy is an approach contrary to the bitcoin system. Bitcoin's aim is that everybody can control their own money. It is not intervened by a third eye.

The banking system for Bitcoin does not make any sense to me. If something like this happens, I do not think of using a bank like this.
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February 05, 2017, 08:35:31 PM

if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.

I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose.
Probably, but a service of this magnitude would not be convenient maybe,  because most of them end up selling a whole class of services like insurance policies, credits, mortgages, etc., what I do not argue at all is what you mention: at the end of the day it's their own choice since we all have the freedom to choose,  I could almost imagine, as it would be if the banks went into that system, I do not think it does much sense, since the idea behind these institutions is to store the physical money or values in large vaults, although it is true, little by little these have been evolving, the way they handle checks, debit& credit cards, Cash management has been significantly reduced, resulting in that these may already employ fewer people, with all of the above rather than agree or disagree, I think it would be a matter of practicality and only time will could tell the rest

How's that exactly?

That might have been true some 100 years ago, but this is not any more so. Most money today are purely digital, and banks can be loosely thought of as "mining" nodes in the fiat payment network. They also "confirm" transactions, thereby keeping the financial system of a country alive and ticking. They create new money too just like miners create bitcoins, but unlike Bitcoin they are not restricted by a precise algo (there are other restrictions, just in case). As you can see, it is nowhere near the idea of "storing physical money or values in large vaults"
Well I think there is a discrepancy in our point of view, we are going to put an example, where are all the dollars stored?  of course in the safes or vaults, If not where else? of course there will be small, medium, large depending on the type of service they provide,  on the other hand, besides IMHO that should not be the main function of  "confirm" transactions only so that several services can do this more quickly, another thing you mention that banks thereby keeping the financial system of a country alive and ticking, this last one is very far from maintaining a financial system of a living country since it depends on many factors such as the production of goods and services and its trade balance, international reserves, etc., and finally they are very far from creating money for themselves as they only charge for their services which are too high, I do not know maybe you meant only the central banks in that case it could be something you mention.

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February 05, 2017, 08:41:41 PM

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.

You say that you're talking about the idea of a "Bitcoin bank" and you go on by defining what kind of banks you are not talking about. However, you don't say what you're talking about at all. What is a stupid and bad idea? The idea of banks operating with Bitcoin per se? Do you consider that a bad idea? If so, why?
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February 05, 2017, 08:43:38 PM

i think bitcoin do not need any bank because bitcoin technology is already much more stable and bitcoin is very much secure and safe than bank and we know that bank fess and tax is much more high so bitcoin has do not need any bank.



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February 05, 2017, 08:55:43 PM

I think that Bitcoin is made to be everything opposite of the fiat currency system. Bitcoin banks would ruin the whole Bitcoin system. The system is great now as it is and I strongly agree that the whole idea of the Bitcoin bank is stupid and we do not need it.
there is no reason to say bitcoin bank is a stupid idea. you may not understand everything. with the bank we can save our bitcoin safely. as well as saving money in the real world. it will make us profit from bitcoin storage results in the bank.
Yes in banks we will feel our bitcoin as more safe if they will give full guarantee of our bitcoins and the banks will work under the government because some self running parties often escape away leaving nothing but there will be some fees of these banks which will be burden on us.


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February 05, 2017, 09:32:06 PM

Just like with the barter system, money comes and goes through exchanges and mix into other economies before going back into pure circulation. No matter how often moved around, there's always a cycle where a percent sit on wallets or other brokers in which coin is connected to Xapo, CoinBase, Block.io or other popular web services.

Nothing becomes different than the predator in the circle keeps doing this, but with that comes necessity to secure holdings and this is where banks have started to come in development. This process will likely end up with a "bank" longing on others gains to build a new era in this digital revolution.

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February 06, 2017, 12:50:07 AM

Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

Honestly, i think this idea is stupid and worst idea that i've seen in my life. What do you think?
p.s. we don't talk about bitcoin debit card OR any centralized service which only ask name and email address.
I think if there's gonna be thing called bitcoin bank that's the time that bitcoin will be legal or be known by the government . But for me that is totally a bad thing , because there's gonna be a tax in every bitcoin user's and government may make money for it leading to corruption. For now, bitcoin wallet is much good if you want to handle your bitcoins.We don't need a bank for now.


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February 06, 2017, 12:54:23 AM

I think; Bitcoin is the digital cryptocoin were is decentralized, easy to setup, anonymous, completely transparent, fast, very law fees in transactions (practically near zero) and most important freedom because everyone at the same time is the bank and the customer. Which of previous characteristics has a bank/

DeepOnion it is SCAM
And fuck this coin Smiley
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February 06, 2017, 01:35:47 AM

I think that Bitcoin is made to be everything opposite of the fiat currency system. Bitcoin banks would ruin the whole Bitcoin system. The system is great now as it is and I strongly agree that the whole idea of the Bitcoin bank is stupid and we do not need it.
even if you think that the system at a bank is a very stupid thing. but with the fact that bitcoin bank will help the bitcoin is becoming more popular, although the bitcoin system may be lost when you use bitcoin bank
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February 06, 2017, 01:44:49 AM

I think that Bitcoin is made to be everything opposite of the fiat currency system. Bitcoin banks would ruin the whole Bitcoin system. The system is great now as it is and I strongly agree that the whole idea of the Bitcoin bank is stupid and we do not need it.
even if you think that the system at a bank is a very stupid thing. but with the fact that bitcoin bank will help the bitcoin is becoming more popular, although the bitcoin system may be lost when you use bitcoin bank

How can we have Bitcoin bank? Thus defeats the purpose of decentralization in the first place and so I don't think we will ever centralize Bitcoin in any way so it's a non feasible idea to think of.



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February 06, 2017, 03:48:52 AM

I think that Bitcoin is made to be everything opposite of the fiat currency system. Bitcoin banks would ruin the whole Bitcoin system. The system is great now as it is and I strongly agree that the whole idea of the Bitcoin bank is stupid and we do not need it.
even if you think that the system at a bank is a very stupid thing. but with the fact that bitcoin bank will help the bitcoin is becoming more popular, although the bitcoin system may be lost when you use bitcoin bank

How can we have Bitcoin bank? Thus defeats the purpose of decentralization in the first place and so I don't think we will ever centralize Bitcoin in any way so it's a non feasible idea to think of.
Exchange sites could be our bank right now, we put our bitcoin and covert it to fiat. It's not gonna be similar to the bank in real life that every time we deposit, it will earn interest. It's different here, it's just all about safe keeping and waiting for our money to grow, they cannot use our money as well as anytime we will transfer it or withdraw to fiat.

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