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Question: Do you agree with idea "Bitcoin bank" ?
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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 141605 times)
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October 22, 2016, 08:05:05 AM
 #141

i think its very good idea that bitcoin bank and then i hope that bitcoin will be get more popularity and get more power and there some people can not use bitcoin in their country if bitcoin bank appear then i hope no one need to convert their into fiat.

People convert their coins to fiat either because of they are purely using Bitcoin as an investment tool, or they are offering their services here for Bitcoin in order to expand their reach. And of course don't forget most of the sig spammers in this forum that convert all they earn directly to fiat.

People aren't ready for seeing Bitcoin purely as money as in 0.25BTC is 0.25BTC. It will take years before even a far minority start to realize this. I think for +95% of the people 0.25BTC is $158.75 and not 0.25BTC. It's a mentality/way of thinking thing, and not a matter of having a Bitcoin bank. No need for that.

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October 22, 2016, 08:12:34 AM
 #142

i think its very good idea that bitcoin bank and then i hope that bitcoin will be get more popularity and get more power and there some people can not use bitcoin in their country if bitcoin bank appear then i hope no one need to convert their into fiat.

People convert their coins to fiat either because of they are purely using Bitcoin as an investment tool, or they are offering their services here for Bitcoin in order to expand their reach. And of course don't forget most of the sig spammers in this forum that convert all they earn directly to fiat.

People aren't ready for seeing Bitcoin purely as money as in 0.25BTC is 0.25BTC. It will take years before even a far minority start to realize this. I think for +95% of the people 0.25BTC is $158.75 and not 0.25BTC. It's a mentality/way of thinking thing, and not a matter of having a Bitcoin bank. No need for that.
I will be honest and say that I don't want to be bitcoin popular, I like fact that bitcoin is something that don't has anyone.
I can't agree you on your opinion, you say that people must look 0.25 btc as 0.25btc and not 158$. If we can't to exchange bitcoin in money, than why we want it? Do you think why miners are mining bitcoin? Because they want money. If you want to mine bitcoin without exchange than you want to simply pay more electricity costs and listen loud nois of miner? I can't understand why you say that.
P.S I don't agree idea of bitcoin bank, I like today's situation.

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October 22, 2016, 08:44:31 AM
 #143

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.
yes , i am satisfied with the idea of bitcoin bank . through these development of bitcoin bank no one will be able to say it is illegal and more people will comes in the bitcoin world . and there will be ease to convert bitcoin in to fiat and fiat into bitcoin .

wow... good idea for black money to white money.
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October 22, 2016, 09:00:26 AM
 #144

NO.

Bitcoin is against banks. It doesn't need a bank. Big banks small banks, we like to keep our money away from the banks. Let me put it this way: the Banking system is going to crash soon, and bitcoin is offering you a way out!
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October 22, 2016, 09:05:30 AM
 #145

I don't agree the idea of bitcoin bank too. But i like more people knows BTC.  Bitcoin decentralized from the other currencies. Easy transaction and secure, independently to make deal in business, no birocracy involve etc. In my mind , what happen if government involve and make bank to control all currencies including BTC. This may political driven and power in making policies and law maker.
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October 22, 2016, 10:09:02 AM
 #146

you say that people must look 0.25 btc as 0.25btc and not 158$.

I didn't say people must look at Bitcoin in the way that 0.25BTC is 0.25BTC. I was just explaining the person I was quoting that there isn't a so called Bitcoin bank needed in order to make people think like that. It has all to do with what people have in their mind.

If we can't to exchange bitcoin in money, than why we want it?

You'll always be able to exchange Bitcoin for fiat if you so wish. But some people (mostly the early birds) prefer to look at Bitcoin as a full currency where you don't have to convert it to fiat in order to get things bought. This is just one example. There are in fact plenty.

Do you think why miners are mining bitcoin? Because they want money.

That's a hard fact. Mining farms are only interested in profits that they are generating. Can't argue with that.

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October 22, 2016, 10:14:48 AM
 #147

No because if there an bitcoin bank then how about our bitcoin wallets? that we use to stock our bitcoin from earnings and if there an bitcoin bank i will not totatly deposit my bitcoin if there an fee's like bitcoin wallet it much more better to use bitcoin wallets than bank Tongue just saying.
I think you're free to choose to use bitcoin wallet or bank bitcoin. both have the same function that is a medium for storing bitcoin, the difference is that you can make a profit when you save your bitcoin in a bank bitcoin
but i think you can even make profit if your bitcoins are in your wallets, as if the price goes up your profit increasing, but if you are saving your money in banks then its mean that you cannot use it for trading or in gambling or somewhere else, as you have to withdraw your bitcoin first and then you have to invest it, but if your money is with you in your wallet then you can use it directly for trading purposes.
You are right! Sort of if you bitcoin is in the bank you cant use it unless you withdraw it unlike in our wallet we can easily send and receive any bitcoin. You can do gambles or do some investment unlike when you want to get your money i think it really takes an hour but the only thing is it is more safer if your bitcoin is in the bank.

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October 22, 2016, 10:25:46 AM
 #148

If it's for the best for bitcoin why not. It's better to have a bitcoin bank in the future where we can easily sell or deposited our money and then if we want it to withdrew and we can easily withdraw it into money. But i think there an wallet now that can really withdraw bitcoin that fast like 5minutes and then your money is ready.

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October 22, 2016, 10:29:00 AM
 #149

If it's for the best for bitcoin why not. It's better to have a bitcoin bank in the future where we can easily sell or deposited our money and then if we want it to withdrew and we can easily withdraw it into money. But i think there an wallet now that can really withdraw bitcoin that fast like 5minutes and then your money is ready.
that's reason why we don't need an actual bank to cater that function, the wallet itself can served as the storage and exchanging it into local fiat can easily done in just maybe 10-2- minutes and you can already spend it.

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October 22, 2016, 10:30:04 AM
 #150

I don't agree with the idea of Bitcoin bank. The whole concept of Bitcoin is directed towards making someone become his own bank. Bitcoin and banks are totally different things. The first one is controlled by the owner of the wallet and no one else while the latter is controlled by the government. I guess the only ones that are going to use Bitcoin banks are those old people or those uninformed people who do not know how to make them Bitcoin wallet secure.

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BitcoinPC
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October 22, 2016, 12:47:49 PM
 #151

Well, i really don't have any idea about it, and i am thinking that how can you build or make Bitcoin Bank?
Only asking this thread is not enough, and Who make that bank?  Also i think it is a big project, it is not easy as we think.
May be in future, it will be happened but now it is difficult.

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October 22, 2016, 12:52:52 PM
 #152

I personally would not use one, but I see no problem if idiots who can't secure their private keys properly would like to use a bank. The caveat is that the whole ecosystem should not gravitate towards one where you NEED a bank account to perform Bitcoin transactions. People who want to run their own nodes as their wallets should always be able to do so.
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October 22, 2016, 12:57:05 PM
 #153

bitcoin does not need to have a bank. bitcoin system is a financial system that made us have full access to the money we have. bitcoin can stand alone !!!

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October 22, 2016, 01:12:26 PM
 #154

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.

Xapo, Coinbase and Circle, they are all "bitcoin banks", if someone doesn't like them, they don't have to use them...
You're right!!
I personally disagree with this idea, seriously why do we have to giving access to people where they can freeze or lock our money anytime, it's kind of making bitcoin centralized. It's better to own your money on your pocket, you have ultimate control over it and no one can freeze it whatever you do even do something ilegall.

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October 22, 2016, 05:31:51 PM
 #155

The bitcoin was created precisely to prevent third parties from using your money, so you want to return to the banks ?.
That does not make much sense, you should read a little more about the history of the bitcoin before making a proposal like this.
That is it, bitcoin was create to prevent unnecessary interference of third party into any financial transaction, such third parties like the banks.Then does it make sense to you if someone say or propose there should be physical location or organization that is called bitcoin bank ? of course not.
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October 22, 2016, 11:52:13 PM
 #156

No because if there an bitcoin bank then how about our bitcoin wallets? that we use to stock our bitcoin from earnings and if there an bitcoin bank i will not totatly deposit my bitcoin if there an fee's like bitcoin wallet it much more better to use bitcoin wallets than bank Tongue just saying.
Lol I think no one will tell you to leave your wallet and should use bitcoin bank, I think although bitcoin bank runs even though it will not give impact whatsoever, because this will be the same as the wallet, except that they have access to and control of bitcoin you save, but you could benefit from interest


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October 23, 2016, 01:24:46 AM
 #157

bitcoin does not need to have a bank. bitcoin system is a financial system that made us have full access to the money we have. bitcoin can stand alone !!!
Yes I am agree with you. Blockchain.wallet is enough for all. If there is a bank for bitcoin. I think it will gonna be tax for bitcoin. But I will thinking twice if bitcoin bank offering a good benefit of using it. Lets ww see what bitcoin bank do in the future if it created.
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October 23, 2016, 01:31:31 AM
 #158

No because if there an bitcoin bank then how about our bitcoin wallets? that we use to stock our bitcoin from earnings and if there an bitcoin bank i will not totatly deposit my bitcoin if there an fee's like bitcoin wallet it much more better to use bitcoin wallets than bank Tongue just saying.
Lol I think no one will tell you to leave your wallet and should use bitcoin bank, I think although bitcoin bank runs even though it will not give impact whatsoever, because this will be the same as the wallet, except that they have access to and control of bitcoin you save, but you could benefit from interest



Well exactly. You either have an offchain transaction going on where every bank will want to keep them a secret or you and the bank will both just have access to your bitcoins. Either way it's stupid and pointless. It's redundant and illogical. It's like saying "I gave access to my email to my librarian because it just seemed right" . There's absolutely no need for it!
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October 23, 2016, 01:47:20 AM
 #159

since there are N number of coins and more coins coming into existance we need some sort of rules and regulations on terms how you can come up with a concept and a business plan and need to put a bank gurantee in order to prevent scam ,other than that i dont think we need a crypto bank



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October 23, 2016, 01:56:57 AM
 #160

It's the same old discussion with a vote - BitCoin makes each and every one of  us the bank.  We decide how we spend our money and even how we store it, online wallets, on our devices, paper wallets - the list goes on.

You'll probably find that the vote will go to "no" simply because most people who come to BitCoin already understand the concept of decentralised currency.
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