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Question: Do you agree with idea "Bitcoin bank" ?
Yes
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I don't know/I'm not sure yet
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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 139022 times)
romero121
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February 07, 2017, 02:37:14 AM
 #1181

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.
yeah you are right that we do not bitcoin bank because bitcoin already have a stable system than bank and you are right that it can really destroy the aim and idea of bitcoin so we do not need any bank of bitcoin.
using bitcoin bitcoin bank then properties such as decentralization and anonymity will disappear because of the nature of bank centralization. but it's up to you to use bitcoin bank or not
To certain extent the spreading of bitcoin and digital currencies can take place through word of mouth and by its growing potential. After which something is required to take it to the next level of reaching common public, here banking can be given priority as its the base for financial services.

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February 07, 2017, 03:38:46 AM
 #1182

Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.


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February 07, 2017, 03:39:18 AM
 #1183

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.
yeah you are right that we do not bitcoin bank because bitcoin already have a stable system than bank and you are right that it can really destroy the aim and idea of bitcoin so we do not need any bank of bitcoin.
using bitcoin bitcoin bank then properties such as decentralization and anonymity will disappear because of the nature of bank centralization. but it's up to you to use bitcoin bank or not
To certain extent the spreading of bitcoin and digital currencies can take place through word of mouth and by its growing potential. After which something is required to take it to the next level of reaching common public, here banking can be given priority as its the base for financial services.
That's why we need to government interference to support bitcoin, if there will be a bitcoin bank or a bank that also accepts bitcoin, it will raise awareness to the public. The next thing will happen is bitcoin will be getting popular and the massive adoption will happen, it's a good prediction and that possibilities can happen in the future.

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NEWGOODOUBLE
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February 07, 2017, 04:17:56 AM
 #1184

Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.
although it would be beneficial because it makes you become more secure bitcoin. but by using bitcoin bank. then the bitcoin system such as decentralization and anonymity would be lost? What do you think ?
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February 07, 2017, 08:35:58 AM
 #1185

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'm not in favor of Bitcoin bank. Coinbase was one of the bitcoin bank I heard if I am not mistaken, but I don't agree with it so much. I remembered someone in this forum I'm not sure from what section I read it, He said that his account was closed by the coinsbase, I'm not saying coinbase is not good, my only point is if bitcoin bank be implement in this industry, there will be no difference in ordinary traditional bank and the essence of bitcoin will be unuseful or non-sense. Its decentralization will be turn into centralization which is not good for me.


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February 07, 2017, 11:17:59 AM
 #1186

Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.

I also agree about this, It seems very interesting if we have bank of digital currency for bitcoin
and the first in the world, but how it works, need a regulation in the government?

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February 07, 2017, 02:29:02 PM
 #1187

Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.

I also agree about this, It seems very interesting if we have bank of digital currency for bitcoin
and the first in the world, but how it works, need a regulation in the government?

You could safeguard your balance with a cold storage. Storage that makes private keys offline so that no one would be able to access it or get the private keys from the internet. It could safely store your bitcoins. If those are the things you're worried of, it can be done. There are a lot of devices that you can use to store your bitcoins safely.



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February 07, 2017, 03:30:53 PM
 #1188

Not at all, I dont agree with the idea og bitcoin bank but I do agree with bitcoin central agency to control the flow of money to look after blockchain system for smooth running of the system like the problems we are facing right now . Unconfirmed transaction and othe such problems should not take place ion future.
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February 07, 2017, 03:51:10 PM
 #1189

Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.

I also agree about this, It seems very interesting if we have bank of digital currency for bitcoin
and the first in the world, but how it works, need a regulation in the government?
i do not think the still we need such kind of banks because online wallet are providing us good service and it is free from all kind of hurdles that we mostly face in physical banks. i am facing so comfortable while using online wallet. there is no tension to visit a bank for depositing my bitcoin. i just need for internet connection and my mobile and i can do that in seconds. i want to continue using online wallet system instead of banking system.
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February 07, 2017, 04:12:13 PM
 #1190

Not at all, I dont agree with the idea og bitcoin bank but I do agree with bitcoin central agency to control the flow of money to look after blockchain system for smooth running of the system like the problems we are facing right now . Unconfirmed transaction and othe such problems should not take place ion future.

Bitcoin central agency?? That is anathema to all true bitcoin believers and is not going to happen.
The problem of unconfirmed transactions will be solved through consultations to increase transaction capacity. You don't need a centralized agency to deal with that.

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February 07, 2017, 04:56:31 PM
 #1191

strongly agree at all because it would be very easy for users bitcoin in the transaction, when again there are obstacles while traveling

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February 07, 2017, 06:56:02 PM
 #1192

My answer is simple, no. We don’t need bitcoin banks at all, they cannot do a single thing to make open an account on one if it existed, if I wanted to earn low interest out of my bitcoin I will just invest it in a casino bankroll and get the same benefits as with any bank in my country.
Same benefits? I dont think so since bitcoin does really give even more profits or interest that banks cant give but the disadvantage only is bitcoin price could fluctuate and funds would really be affected.Bitcoin bank is not really needed same as you said because what our wallets are for?
Yeah I know, but I was referring to the interest rates the bank gives you, even if bitcoin reevaluates itself against fiat you are still holding the same amount of bitcoins, but by investing in a casino bankroll the amount of bitcoins you hold grows as well.



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February 08, 2017, 07:07:16 PM
 #1193

My answer is simple, no. We don’t need bitcoin banks at all, they cannot do a single thing to make open an account on one if it existed, if I wanted to earn low interest out of my bitcoin I will just invest it in a casino bankroll and get the same benefits as with any bank in my country.
Same benefits? I dont think so since bitcoin does really give even more profits or interest that banks cant give but the disadvantage only is bitcoin price could fluctuate and funds would really be affected.Bitcoin bank is not really needed same as you said because what our wallets are for?
Yeah I know, but I was referring to the interest rates the bank gives you, even if bitcoin reevaluates itself against fiat you are still holding the same amount of bitcoins, but by investing in a casino bankroll the amount of bitcoins you hold grows as well.
Why Bitcoin is famous means no one will get to know our transaction, and there is no limit to send and receive bitcoins. If Bitcoin banks come they will maintain these all transaction details, and we will get rules and regulations for Bitcoin transaction and other problems what we are facing from local banks same problems we will face from bitcoin bank. So my answer also No.
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February 08, 2017, 08:16:35 PM
 #1194

Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.
although it would be beneficial because it makes you become more secure bitcoin. but by using bitcoin bank. then the bitcoin system such as decentralization and anonymity would be lost? What do you think ?
The anonymity are not likely to be lost. People have the right to choose what to do with their Bitcoin and we have to accept their decision. If they want to use the Bitcoin bank, let them use it and they will soon realize that their Bitcoin will be controlled by the banks and the government. I never like this idea and I hope that there will never be a Bitcoin bank
Yes, the whole idea of the bitcoin is too get away as much as we can from governments and their control and putting our money in their banks defies that idea and pushes us more toward not being our own bank anymore which is the idea from using bitcoin, plus why need banks that take fees every month when we could hold bitcoin for free in our wallets.

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February 08, 2017, 08:44:45 PM
 #1195

Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.


Really? If you like this idea of 'security' and 'bank advantages' I cannot understand why do you use bitcoins. Maybe you use it as commodity or as asset. So why do we need decentralization and blockchain and miners? Why not a 'secure' centralized blockchain of a bank without any debate about blocksize or segwit and so on. That means, another form of fiat; no the paper one but the digital fiat. To summarize do you really believe that banks are more secure than the bitcoin network? So why not to go with RScoin
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February 08, 2017, 09:30:27 PM
 #1196

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'm not in favor of Bitcoin bank. Coinbase was one of the bitcoin bank I heard if I am not mistaken, but I don't agree with it so much. I remembered someone in this forum I'm not sure from what section I read it, He said that his account was closed by the coinsbase, I'm not saying coinbase is not good, my only point is if bitcoin bank be implement in this industry, there will be no difference in ordinary traditional bank and the essence of bitcoin will be unuseful or non-sense. Its decentralization will be turn into centralization which is not good for me.
yes i also agree with you that bitcoin do not need for any bitcoin yet . in fact people still want to get red from the traditional ways of depositing and withdrawal o bitcoin and  that is the reason that people want o use online wallets instead of banks .

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February 08, 2017, 09:41:28 PM
 #1197

Yes I agree with bitcoin bank because its nice to be in a secured institution which my money could be safe. Bank of digital currency is a vision that brings hope to those are in doubts of using bitcoin as a spending currency. Having that advantages of a bank is really a compatible ways on how that digital and fiat currency be exchanged with each other.


Really? If you like this idea of 'security' and 'bank advantages' I cannot understand why do you use bitcoins. Maybe you use it as commodity or as asset. So why do we need decentralization and blockchain and miners? Why not a 'secure' centralized blockchain of a bank without any debate about blocksize or segwit and so on. That means, another form of fiat; no the paper one but the digital fiat. To summarize do you really believe that banks are more secure than the bitcoin network? So why not to go with RScoin

People are free to choose whatever they want, where we also must accept that some people are here only to earn and then quickly convert everything to fiat directly after reaching a certain amount. These people mostly don't really care about the decentralized nature of Bitcoin. If an entity starts up a centralized service that people see value in, then it means that there is a certain level of demand for Bitcoin related bank services. Again, if they believe that's the way to go, then let them.

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February 08, 2017, 09:43:02 PM
 #1198

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.

Chancellor on brink of second bailout for banks.

This was the genesis block, I think btc is an alternative to bank system so we don't need a bitcoinbank, we are already the bank of ourself.
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February 08, 2017, 10:38:53 PM
 #1199

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.

Chancellor on brink of second bailout for banks.

This was the genesis block, I think btc is an alternative to bank system so we don't need a bitcoinbank, we are already the bank of ourself.
Bitcoin was built for that. The bank is in our own. We can make it safe by creating a cold storage by buying a cold storage or just making your own by using your own laptop that hasn't been connected to the internet.  Be your own bank and save, and always remember SAVE to INVEST not Save to Save.



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Rainbot
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February 09, 2017, 02:42:07 AM
 #1200

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.

Chancellor on brink of second bailout for banks.

This was the genesis block, I think btc is an alternative to bank system so we don't need a bitcoinbank, we are already the bank of ourself.
Bitcoin was built for that. The bank is in our own. We can make it safe by creating a cold storage by buying a cold storage or just making your own by using your own laptop that hasn't been connected to the internet.  Be your own bank and save, and always remember SAVE to INVEST not Save to Save.
The advantage of bank is they insured our deposits, while with bitcoin if our funds will be lost we cannot recover it anymore. I think if we will have a bitcoin bank or a bank that accepts bitcoin as our deposits, then it would be great for us. However, we need to sacrifice the anonymity, we have to be transparent and be compliant with the government regulations.

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