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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
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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 139171 times)
Pattart
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March 29, 2017, 01:24:10 AM

bitcoin bitcoin BANK will also make more trusted by the world community. because with the bitcoin BANK then there were a regulation that is used. and it organizes all about bitcoin transactions.
of course the government will begin to consider the legality of bitcoin if the project bitcoin bank is successful ?
because only with bitcoin bank. the government can exercise control on the user?

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March 29, 2017, 03:19:33 AM

Bitcoin doesn't need a bank because we have already our own online wallet and exchanges. We can fully make it secured and protected, we can multiply our coins by very well known methods which are really profitable. I can manage my BTC at my own best.
I agree, the whole point of the banks is to give people a place where they could store their paper money, because walking around with many dollars in your pocket was not a smart idea and leaving them at home was not a very good idea, and people wanted to use their money when they want you so banks and credits were the solution, but with the bitcoin we have the option to use money everywhere while it is stocked in our online wallets so there is no point of having a bank for them.
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March 29, 2017, 04:03:21 AM

Bitcoin doesn't need a bank because we have already our own online wallet and exchanges. We can fully make it secured and protected, we can multiply our coins by very well known methods which are really profitable. I can manage my BTC at my own best.
I agree, the whole point of the banks is to give people a place where they could store their paper money, because walking around with many dollars in your pocket was not a smart idea and leaving them at home was not a very good idea, and people wanted to use their money when they want you so banks and credits were the solution, but with the bitcoin we have the option to use money everywhere while it is stocked in our online wallets so there is no point of having a bank for them.
Banks are very strict once we put our money in our deposit, they'll monitor our transactions which I do not like because I feel unsafe on that especially when I have a big amount of deposit. I understand that this world is a risky place to live and there are people who are working hard to get your information and use that to take advantage on you, with bitcoin it's not possible as we are completely safe and we can hide from the criminals.



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JANGKRIK BOSS
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March 29, 2017, 04:19:13 AM

bitcoin bitcoin BANK will also make more trusted by the world community. because with the bitcoin BANK then there were a regulation that is used. and it organizes all about bitcoin transactions.
Indeed a trusted bank, but the bank will strictly within the rules, they will collect taxes and our data must be valid, I think it is the same as the real money.
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April 01, 2017, 01:31:34 AM

bitcoin bitcoin BANK will also make more trusted by the world community. because with the bitcoin BANK then there were a regulation that is used. and it organizes all about bitcoin transactions.
Indeed a trusted bank, but the bank will strictly within the rules, they will collect taxes and our data must be valid, I think it is the same as the real money.
All the functions and benefits you are saying can be done by the Bitcoin Wallets in itself, I don't know why having Bitcoin Banks will benefit us all. Because people will know that kind of currency is being accepted by a bank? I don't think so because it is the person's choice if he/she wants to use that bank's service or not. Also there is no real use of Bitcoins on banks, I even think that it will restrict or limit your usage of your Bitcoins

eg. you need to access your account first before you can do transactions unlike Bitcoins on your wallet in which you just access your app and its done.

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April 01, 2017, 03:02:25 AM

bitcoin bitcoin BANK will also make more trusted by the world community. because with the bitcoin BANK then there were a regulation that is used. and it organizes all about bitcoin transactions.
Indeed a trusted bank, but the bank will strictly within the rules, they will collect taxes and our data must be valid, I think it is the same as the real money.
All the functions and benefits you are saying can be done by the Bitcoin Wallets in itself, I don't know why having Bitcoin Banks will benefit us all. Because people will know that kind of currency is being accepted by a bank? I don't think so because it is the person's choice if he/she wants to use that bank's service or not. Also there is no real use of Bitcoins on banks, I even think that it will restrict or limit your usage of your Bitcoins

eg. you need to access your account first before you can do transactions unlike Bitcoins on your wallet in which you just access your app and its done.
Bank and bitcoin wallet has different funds and bank in real world does operate with fiat only, I guess it's better to have a separate bank account and a wallet as well, the current situation gives us the satisfaction already and there is no need to have a bigcoin bank. I believe all we need is freedom and we were able to experience that in bitcoin and personally I do not want to take that away from me.

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April 01, 2017, 05:28:39 AM

bitcoin bitcoin BANK will also make more trusted by the world community. because with the bitcoin BANK then there were a regulation that is used. and it organizes all about bitcoin transactions.
Indeed a trusted bank, but the bank will strictly within the rules, they will collect taxes and our data must be valid, I think it is the same as the real money.
All the functions and benefits you are saying can be done by the Bitcoin Wallets in itself, I don't know why having Bitcoin Banks will benefit us all. Because people will know that kind of currency is being accepted by a bank? I don't think so because it is the person's choice if he/she wants to use that bank's service or not. Also there is no real use of Bitcoins on banks, I even think that it will restrict or limit your usage of your Bitcoins

eg. you need to access your account first before you can do transactions unlike Bitcoins on your wallet in which you just access your app and its done

It is still essentially six of one and half a dozen of the other

To make transactions just accessing your personal wallet is not enough, you should also have an operating Internet connection, obviously. But if you have Internet access, there is no particular difference between accessing your desktop wallet, web wallet or bank account (in terms of user experience). Regarding Bitcoin banks, more specifically, if these will be the services offered by out regular banks, there will be a host of advantages before both desktop and web wallets

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April 03, 2017, 06:46:45 PM

I do not agree with Bitcoin integrated in banks because if Bitcoin will be integrated in banks then we will have to pay for transaction fees beside the miners. I am using Bitcoin because there is no 3rd party that controls my transaction, another thing we will not become anonymous if we do have Bitcoin banks because in banks you need your personal details in order to open a bank account.
Yes, you are correct and I think 99% of the bitcoin fanatic are not agree with the bitcoin bank. Because if that happen bitcoin will be no difference in the it will become regulated industry just like an ordinary bank in the public. And I do believed this things will not be push through because I knew the power of decentralization of bitcoin which even SEC who rejected by the ETF can't do about in bitcoin to control it.


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April 03, 2017, 07:53:27 PM

Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system

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April 03, 2017, 08:17:32 PM

Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system

Why do people need online wallets when they can also use a desktop wallet? It's nothing more than an optional service that you can use if you so wish. No one really forces you to do anything. Is it better in terms of security to store everything within your own control range? Sure. But that doesn't mean people shouldn't use online wallets at all. People in most cases choose the convenience of online wallets over the security that desktop wallets offer.

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April 03, 2017, 08:32:47 PM

bitcoin bitcoin BANK will also make more trusted by the world community. because with the bitcoin BANK then there were a regulation that is used. and it organizes all about bitcoin transactions.

Don't just look at one side of the issue, have you thought of the possibility of centralization if Bitcoin banks are encouraged? The governments will start having control over our finances again in such a circumstance and so will centralization ensue.

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April 03, 2017, 08:45:34 PM

bitcoin bitcoin BANK will also make more trusted by the world community. because with the bitcoin BANK then there were a regulation that is used. and it organizes all about bitcoin transactions.
Indeed a trusted bank, but the bank will strictly within the rules, they will collect taxes and our data must be valid, I think it is the same as the real money.
but i think bitcoin has do not need any bank because bitcoin system is very much stable than bank and bitcoin charges is very much lower than bank and there is no tax are apply on bitcoin.

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April 03, 2017, 08:47:15 PM

Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.

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Fatanut
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April 04, 2017, 06:10:18 AM

Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.

More like bitcoin hack would the pull the price down. What comes after a major bitcoin hack? Dump. This is useful to someone that was just about to invest his money to bitcoins and to those that are trading bitcoins. But, to those people that own the bitcoins, it's chaos.

I don't think banks will insure anything at all. They accepted bitcoins, why put 100 million dollars for insurance when they could've invested that money somewhere else. Besides, banks are owned by the government and the government hates bitcoins.

I'm not sure what's the point of you saying about taking bitcoins in exchange of dollars but if they hold private keys, they are just waiting for hackers? You need a bitcoin wallet to accept bitcoins and preferably 1 address for each bank user. And what does those addresses have? Yup. Private keys. You can't accept bitcoins without ever generating a private key.


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April 04, 2017, 06:48:03 AM

Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon



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Finestream
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April 04, 2017, 07:46:32 AM

Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon
Banks can accept bitcoin but not as a currency, it will be only considered by the bank as payment system just like paypal. The problem is, bitcoin is decentralized so it's hard to integrate into a centralized system, it's popular because of decentralization and it would lose its originality if that will happen.

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April 04, 2017, 08:15:39 AM

Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon
Banks can accept bitcoin but not as a currency, it will be only considered by the bank as payment system just like paypal. The problem is, bitcoin is decentralized so it's hard to integrate into a centralized system, it's popular because of decentralization and it would lose its originality if that will happen.
Yes that is the only problem if we get in touch with the idea of having a bank for bitcoin because bitcoin seems to be decentralized and if we get a bank that collects and accept bitcoin then it will destroy of being decentralized and the banks will control the market since they have a lot of bitcoin to play. So i don't think bitcoin will have a bank in the future.

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April 04, 2017, 08:34:45 AM

Banks taking bitcoin and exchanging it into USD is fine but banks actually holding private keys is just asking to be hacked and losing funds that cant easily be replaced. Even if they insured everything new of a 100 million dollar bitcoin hack would push the price up and force them to get coins at a more expensive rate, which they wont do. Its a bad scenario.
Yeah. No one accepts this idea but we have to admit that if banks accept Bitcoin, we can witness a huge impact in a positive way to Bitcoin. Well, if there is no bank accept bitcoin, the adoption will not occur soon
Banks can accept bitcoin but not as a currency, it will be only considered by the bank as payment system just like paypal. The problem is, bitcoin is decentralized so it's hard to integrate into a centralized system, it's popular because of decentralization and it would lose its originality if that will happen.
Yes that is the only problem if we get in touch with the idea of having a bank for bitcoin because bitcoin seems to be decentralized and if we get a bank that collects and accept bitcoin then it will destroy of being decentralized and the banks will control the market since they have a lot of bitcoin to play. So i don't think bitcoin will have a bank in the future.
The Bitcoin bank appears then it will be a huge loss for all Bitcoin users, But this will be an advantage for govt and Bitcoin Bank. Becasue now the bitcoin is decentralised, but once the bank appears all control will go to Banks. And we will get many restrictions on Bitcoin transaction and who knows it will effect on Bitcoin price. So according to me also I don't think bitcoin will have a bank in future.
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April 04, 2017, 08:40:30 AM

Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system

Why do people need online wallets when they can also use a desktop wallet? It's nothing more than an optional service that you can use if you so wish. No one really forces you to do anything. Is it better in terms of security to store everything within your own control range? Sure. But that doesn't mean people shouldn't use online wallets at all. People in most cases choose the convenience of online wallets over the security that desktop wallets offer

In general, no, it is not better in terms of security

The fact that you control the keys doesn't in the least mean that they are safe. The vast majority of users cannot set up their desktop computer in a secure enough way. Since most users today are still using Windows, you can't possibly consider your coins secure at all, even if you install antivirus, firewall, and whatnot. Coins from personal wallets get stolen everyday, we just don't hear about all these cases for either the minute amount being stolen or unwillingness of those from whom coins got stolen to expand on this. It is like car crashes versus plane crashes. You hear about plane crashes in the news but the number of people killed in the former by far exceeds the number of victims in the latter. So what is actually more safe?

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April 04, 2017, 08:49:16 AM

Why i need bitcoin bank while i have bitcoin to use whole system was about being able to be own bank to oursellves that is why Bitcoin bank is failed system

Exactly, having your own bitcoin wallet is already a bitcoin bank. And with this idea of "bitcoin bank" this will just regulate the usage of bitcoin in the economy of where you are living and the bad is that you will be controlled when to buy or sell your coins just like what is happening at China. Look at them now, I don't agree with this thing either.

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