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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 139404 times)
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February 27, 2017, 06:19:48 AM
 #1361

I think this bitcoin bank will be a good idea for long term basis because if we have a bank then it will be an attractive idea to save bitcoin and like the traditional banks of fiat, we can use those stored bitcoins to give loans to other and also get interests with our deposits. I hope this bitcoin bank idea will be establish in the future Grin.

I found it dangerous to deposit my bitcoin in a bank. Even exchanges securities are not safe from hackers, I'd rather keep it in my cold storage than moving my funds to banks. I am contented with the price movement and I think that's enough interest to me.

I think it's a long way to go before the realization of this bitcoin banks. Most of the first ones to open might need to be improved first before it can be entrusted with our bitcoin.
Bitcoin banks have a lot of risks for the user. It will not be very different from Bitfinex, and at the same time, we have already seen, and who had already felt the loss on the exchange. No one wants to risk nothing.
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February 27, 2017, 06:22:09 AM
 #1362

I think this bitcoin bank will be a good idea for long term basis because if we have a bank then it will be an attractive idea to save bitcoin and like the traditional banks of fiat, we can use those stored bitcoins to give loans to other and also get interests with our deposits. I hope this bitcoin bank idea will be establish in the future Grin.

I don't think so, Decentralization is one of the best assets of Bitcoin and if we do something like that there will come a time that decentralization may be gone. I don't want any banks holding up my money, it is not that much but I don't really need someone holding my money.

me also , it doesn't seem appropriate if bitcoin will be somewhat like banks , we will still want the way it is now that we can access it easily ,and make it sure that its secured.
Bitcoin will lose a lot of advantages when only appear bitcoin bank. He will be forced to work and cooperate with the state and its institutions. So I do not think that bitcoin bank idea is good enough.
I guess you have to define what bitcoin bank is first, bank is always good as it will protect the deposits of the people. If this bank will require us to give our real information before opening an account, I guess there is no difference with real bank in the physical world.
Bitcoin bank is something that will serve us anytime and most likely it is just a bitcoin wallet provider or exchanges similar to what we are using now.

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February 27, 2017, 06:24:25 AM
 #1363

I think this bitcoin bank will be a good idea for long term basis because if we have a bank then it will be an attractive idea to save bitcoin and like the traditional banks of fiat, we can use those stored bitcoins to give loans to other and also get interests with our deposits. I hope this bitcoin bank idea will be establish in the future Grin.

I don't think so, Decentralization is one of the best assets of Bitcoin and if we do something like that there will come a time that decentralization may be gone. I don't want any banks holding up my money, it is not that much but I don't really need someone holding my money.

me also , it doesn't seem appropriate if bitcoin will be somewhat like banks , we will still want the way it is now that we can access it easily ,and make it sure that its secured.
Bitcoin will lose a lot of advantages when only appear bitcoin bank. He will be forced to work and cooperate with the state and its institutions. So I do not think that bitcoin bank idea is good enough.
I opted for the need of bitcoin bank. As stated above it comes under some central authority which should not happen. I expect a bank similar to a support center, because only through that its possible to reach the public who lack in technology. If the entire public starts using bitcoin then only we can get into mainstream usage which is a must one for future growth.

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February 27, 2017, 06:36:09 AM
 #1364

I think this bitcoin bank will be a good idea for long term basis because if we have a bank then it will be an attractive idea to save bitcoin and like the traditional banks of fiat, we can use those stored bitcoins to give loans to other and also get interests with our deposits. I hope this bitcoin bank idea will be establish in the future Grin.

I don't think so, Decentralization is one of the best assets of Bitcoin and if we do something like that there will come a time that decentralization may be gone. I don't want any banks holding up my money, it is not that much but I don't really need someone holding my money.

me also , it doesn't seem appropriate if bitcoin will be somewhat like banks , we will still want the way it is now that we can access it easily ,and make it sure that its secured.
Bitcoin will lose a lot of advantages when only appear bitcoin bank. He will be forced to work and cooperate with the state and its institutions. So I do not think that bitcoin bank idea is good enough.
I opted for the need of bitcoin bank. As stated above it comes under some central authority which should not happen. I expect a bank similar to a support center, because only through that its possible to reach the public who lack in technology. If the entire public starts using bitcoin then only we can get into mainstream usage which is a must one for future growth.
If bitcoin bank will have more and legal obligations, the user will be very handy. But it is not clear whether such an opportunity to borrow or to lay down deposits in bitcoin bank. How bitcoin bank will be different from ordinary banks.
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February 27, 2017, 06:42:10 AM
 #1365

if there is any bitcoin bank is available, then i think the system will not the same as traditional bank that we know, because bitcoin itself have different technology with the bank, so if the government or anyone wants to create bitcoin bank, i think they need to learn about blockchain technology and they need to apply or integrated with the bank system so maybe we can see that bitcoin bank will work good.

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February 27, 2017, 07:13:47 AM
 #1366

I think this bitcoin bank will be a good idea for long term basis because if we have a bank then it will be an attractive idea to save bitcoin and like the traditional banks of fiat, we can use those stored bitcoins to give loans to other and also get interests with our deposits. I hope this bitcoin bank idea will be establish in the future Grin.

I don't think so, Decentralization is one of the best assets of Bitcoin and if we do something like that there will come a time that decentralization may be gone. I don't want any banks holding up my money, it is not that much but I don't really need someone holding my money.

me also , it doesn't seem appropriate if bitcoin will be somewhat like banks , we will still want the way it is now that we can access it easily ,and make it sure that its secured.
Bitcoin will lose a lot of advantages when only appear bitcoin bank. He will be forced to work and cooperate with the state and its institutions. So I do not think that bitcoin bank idea is good enough.
yeah because with the bitcoin bank then things like anonymous and decentralization where it is the most important thing in bitcoin will be lost? but it is up to each user their own to use it or not
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February 27, 2017, 07:26:45 AM
 #1367

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.
Since most of the my friends are saying g that it I'd not a good idea . Because idea of bitcoin bank will steal the job of many bitcoin traders who are making only buy and sell of bitcoin  only .
But in my opinion it is a good idea because through these we can make  deals with much ease and also it will be good thing for newbie to make deals with bitcoin .


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February 27, 2017, 09:59:17 AM
 #1368

Once dealt with the real banks and their system, you will not want to trust anyone else. What will be different "bitcoin bank" from those that now is not clear. Perhaps the word "bank" is alarming, but still, the financiers are special people. Still, what currency they celebrate.
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February 27, 2017, 10:27:55 AM
 #1369

I think this bitcoin bank will be a good idea for long term basis because if we have a bank then it will be an attractive idea to save bitcoin and like the traditional banks of fiat, we can use those stored bitcoins to give loans to other and also get interests with our deposits. I hope this bitcoin bank idea will be establish in the future Grin.

I don't think so, Decentralization is one of the best assets of Bitcoin and if we do something like that there will come a time that decentralization may be gone. I don't want any banks holding up my money, it is not that much but I don't really need someone holding my money.

me also , it doesn't seem appropriate if bitcoin will be somewhat like banks , we will still want the way it is now that we can access it easily ,and make it sure that its secured.
Bitcoin will lose a lot of advantages when only appear bitcoin bank. He will be forced to work and cooperate with the state and its institutions. So I do not think that bitcoin bank idea is good enough.


True, when the existence of the bitcoin bank then many rules applied. Bitcoin looks like fiat money that cannot be used freely. After the bitcoin bank applied all wallet should verify with the original identity. It is dangerous because it will make the user go.
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February 27, 2017, 01:31:25 PM
 #1370

True, when the existence of the bitcoin bank then many rules applied. Bitcoin looks like fiat money that cannot be used freely. After the bitcoin bank applied all wallet should verify with the original identity. It is dangerous because it will make the user go.

It doesn't matter what rules you are subject to. In case of you making use of a wallet service that happens to call itself a Bitcoin bank, and they prevent you from sending coins to a certain service or entity (like regular banks do in some cases), then it's clear that you immediately should withdraw your coins and ditch that service for ever. Other thing is that (which is also the case with coins you withdraw from exchanges) they "mark" your coins with your own personal information. If they want, they can follow where you are spending your coins, to what other addresses you send your coins to, whether or not you are gambling, etc. It's precious information that is worth a lot money. That's why it's important to mix your coins before you send them to your cold wallets, or when you just spend them.

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February 27, 2017, 01:50:08 PM
 #1371

Decentralization is one of the best assets of Bitcoin and if we do something like that there will come a time that decentralization may be gone. I don't want any banks holding up my money, it is not that much but I don't really need someone holding my money.
True, the whole idea of using bitcoin is controlling your own money and being your own bank, and making a bank for bitcoin is really a waste of resources, why bother putting your money in a bank when you deposit it for free on an online wallet.

If people want to make something good for cryptocurrencies that have to start with making it a payment method that is better.
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February 27, 2017, 02:08:40 PM
 #1372

The ideology of Bitcoin and other altcoins is to no be dependent of the banks and theirs regulations. So a bank dealing with bitcoin is giving them the freedom Bitcoin promote. A bank 100% bitcoin yes why not, depending who is behind this bank. Banks won't change their mind and their behavior for the benefits of their customers. And this days banks are really good to hide their ass behind others companies. When you see they are able to invent some big scheme, creating a dozen of companies to hide their activities, it could be very hard to trust a 100% bitcoin bank
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February 27, 2017, 02:28:08 PM
 #1373

Do this bitcoin bank will work the same as an ordinary one? Well, I don't see the sense in this idea. To create something new and separated, all that will ask costs. better would be an ordinary bank would start to work with bitcoin. That seems me much more easy.
I'm not actually favor in bitcoin bank. The real essence of bitcoin will become useless, Why would I agree with bitcoin bank, if someone agree on this thing, in my assessment He/She is not a real bitcoin enthusiast anymore. In fact, no reason for me to do that because bitcoin is decentralized, while bitcoin bank is centralized. Why would I give my bitcoin in the bank, if I can manage manage my own BTC.

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February 27, 2017, 02:29:28 PM
 #1374

Banks centralize currency and economic policy to make it easier for them to cater unfairly to the self interests of the wealthy.

Decentralized currency and economic policy in terms of crypto, do better in terms of equality and not showing favortism of one demographic over another.

In the '1600s, separation of church and state was a dire and pressing issue.

In 2017, separation of bank and state as well as greater separation of corporation and state may be issues in need of support.

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February 27, 2017, 02:34:59 PM
 #1375

Do this bitcoin bank will work the same as an ordinary one? Well, I don't see the sense in this idea. To create something new and separated, all that will ask costs. better would be an ordinary bank would start to work with bitcoin. That seems me much more easy.
I'm not actually favor in bitcoin bank. The real essence of bitcoin will become useless, Why would I agree with bitcoin bank, if someone agree on this thing, in my assessment He/She is not a real bitcoin enthusiast anymore. In fact, no reason for me to do that because bitcoin is decentralized, while bitcoin bank is centralized. Why would I give my bitcoin in the bank, if I can manage manage my own BTC.

I will agree with this only if bitcoin reaches the peak to where it should really be.
But I suppose they are thinking about something else here.
Bitcoin bank but not like banks "bank" which we store fiat. It will be more like a website wallet with different features.
I am having a hard time to explain it but that is one that I am thinking. It is really different. Maybe we will see more about this when someone created the project and presents it.

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February 27, 2017, 02:36:39 PM
 #1376

I think this bitcoin bank will be a good idea for long term basis because if we have a bank then it will be an attractive idea to save bitcoin and like the traditional banks of fiat, we can use those stored bitcoins to give loans to other and also get interests with our deposits. I hope this bitcoin bank idea will be establish in the future Grin.

I found it dangerous to deposit my bitcoin in a bank. Even exchanges securities are not safe from hackers, I'd rather keep it in my cold storage than moving my funds to banks. I am contented with the price movement and I think that's enough interest to me.

I think it's a long way to go before the realization of this bitcoin banks. Most of the first ones to open might need to be improved first before it can be entrusted with our bitcoin.

I don't undersatnd why anyone needs a Bitcoin bank and I can't see how a bank would hold BTC. I mean how it's different from an online wallet for example? IMO Bitcoin bank is like an online wallet but only worse in many aspects.

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February 27, 2017, 07:18:21 PM
 #1377

I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.


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DarkIT
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February 27, 2017, 07:22:46 PM
 #1378

I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.
I think bitcoin bank and indeed contradictory. but, I guess I would agree if it was for the development of bitcoin. I think with the bitcoin bank, then trust the people and government of the bitcoin will be higher.

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richardsNY
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February 27, 2017, 08:06:34 PM
 #1379

I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.

Just browse through this thread and you'll see how many people find a "Bitcoin bank" a good addition. They either don't care about about the decentralized aspect of Bitcoin, or they simply don't know what it means. I think the latter plays an important role. Especially when they have the impression that they can gain interest over their coins as benefit. Financial compensation is a big thing for them. Big enough to make them not care about what features they sacrifice.

vasrasus
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February 27, 2017, 10:27:13 PM
 #1380

I do not support bitcoin bank. This is the same as the current banks. No need to change the flea. I think bitcoin users understand what is negative in bitcoin bank.

Just browse through this thread and you'll see how many people find a "Bitcoin bank" a good addition. They either don't care about about the decentralized aspect of Bitcoin, or they simply don't know what it means. I think the latter plays an important role. Especially when they have the impression that they can gain interest over their coins as benefit. Financial compensation is a big thing for them. Big enough to make them not care about what features they sacrifice.

exactly, our wallets alone can do the task as bank. It allows us to monitored our bitcoin and investments , we don't need a bank who requires a lot of fill up forms get or transacting. In ticking it is just one click away.

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