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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
I don't care

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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 141525 times)
batang_bitcoin
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April 06, 2017, 11:30:58 PM
 #1541

bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.

Yep, and that's why most of us loves to have our very own bank with the use of bitcoin wallet. We are avoiding to be charged by banks for using their service and we know in banks there's no way to gain our deposits. They are the only one that will have the benefit for using our money for their loans but with bitcoin it will grow suddenly as the price increases.

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April 06, 2017, 11:45:28 PM
 #1542

Why would you want the bank to store your coins when you can yourself. That's the point of bitcoin you are the bank.
That correct, we do not need a bank that is similar to banks in real world that accepts fiat, bitcoin is created to give us freedom as we are entitled with that. Bitcoin is the answer and it's not controlled by the government so we can do whatever we want without being watch and being restricted.
For me, it's the freedom that we are looking and with this freedom that we experience if we share with other people we will grow as a big community.

Yes exactly ! Thank you for replying. These people who talk of bitcoin banks don't know what they talking about at all. The very idea is laughable. Bitcoin = liberation.

True, each one can be his own bank, choose the best offers to invest and if there is any doubt each one can ask to other experienced persons who can help with wise advices. Bank for me means centralization and bitcoin wants to stay away from centralization, and we, bitcoin enthusiasts the same.
using online wallet we can say that we have our own bank. to me it is very easy to use online wallet any time and anywhere. it has make the process very easy to withdrawal the money so easily as compare to banking system.                                                                                     
other than that we control all the money we have. we keep save bitcoin without having to perform identity verification system as banks do. I would prefer a wallet than banks

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April 08, 2017, 03:29:30 PM
 #1543

bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.

Right, when we use bitcoin, So we have no need to save it into bank, it is just like when we buy bitcoin and save it into our wallets and hold it for a time, then its decentralized quality give us profit. When bitcoin's price increase than we make money from it, So why we need special banks for bitcoin. 

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April 08, 2017, 04:17:06 PM
 #1544

bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.

Right, when we use bitcoin, So we have no need to save it into bank, it is just like when we buy bitcoin and save it into our wallets and hold it for a time, then its decentralized quality give us profit. When bitcoin's price increase than we make money from it, So why we need special banks for bitcoin. 

I was reading your post, no problem at all until I got into that part. I was like "Wait, what?" How does the decentralized feature of bitcoin will give us profit at all? The only thing that gives us profit is when the price has increased. The decentralization has nothing to do with it. It might have, but not directly.

People buy bitcoins because it's decentralized and it has all these features that bypasses the banks. We can even make money from the bitcoin community because there's a lot of opportunities here. But bitcoin being decentralized surely doesn't give us profit. Decentralization is on the network, not on the price itself.

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grandy
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April 08, 2017, 06:22:04 PM
 #1545

bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.

Right, when we use bitcoin, So we have no need to save it into bank, it is just like when we buy bitcoin and save it into our wallets and hold it for a time, then its decentralized quality give us profit. When bitcoin's price increase than we make money from it, So why we need special banks for bitcoin. 
in fact bitcoin do not need for any bank to save it. we just need a wallet where we can keep our bitcoin and can use it from anywhere. it has really give us an opportunity not to visit any bank for depositing or withdrawal of bitcoin.



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April 08, 2017, 07:59:09 PM
 #1546

bitcoin is kind of the opposite of the bank, it's a free and decentralized anonymous currency!
But ofcourse it's similar to a bank because you have a wallet and you can transfer money to others.

Right, when we use bitcoin, So we have no need to save it into bank, it is just like when we buy bitcoin and save it into our wallets and hold it for a time, then its decentralized quality give us profit. When bitcoin's price increase than we make money from it, So why we need special banks for bitcoin. 
yeah we do not need bitcoin bank because we feel secure with bitcoin wallet and bitcoin wallet is very strong security and there is too much low fees than bank.

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April 09, 2017, 01:22:08 AM
 #1547

I don’t agree, bitcoin is at its core a revolution against banks, it allows us to become our own banks and to take away our rights away from dishonest bankers that the only thing they care about is to accumulate more money and power, bitcoin allows to get away from all of that.

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April 09, 2017, 01:44:27 AM
 #1548

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 bitcoin bank is not needed anymore because the wallets that we the online wallet there are like banks that you can hold your bitcoin and sent and received a bitcoin so the bitcoin bank is the wallets then if you will create a bitcoin bank it would just be a wallet too. So for me we don't need bitcoin bank.

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April 09, 2017, 02:21:13 AM
 #1549

I think this is a big  NO.We know that every banks aim for one only goal.That is to centralize an decentralize financial system.And bitcoin is a decentralized cryptocurrency and if banks do happen many changes will happen in bitcoins.So i think having bitcoin banks is not good for all of us bitcoin users.

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April 09, 2017, 02:56:18 AM
 #1550

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.

That's a typical irony to the best ever decentralized bitcoin system..On one side people support the bitcoin and it's network ( that means they are supporting the method of decentralization)  and on the other side if they say that they need a bank for bitcoin..OHHHH Plzzzzz i want to ask such people if there will be a bank then surely many banks like them will get opened up...And there will a time when the whole empire of bitcoin will collapse because it never ever be then decentralized...all the powers will be in the hands of few bank's CEO.....I TOTALLY DISAGREE WITH THE IDEA OF BITCOIN BANK!!!

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April 09, 2017, 03:19:05 AM
 #1551

I think this is a big  NO.We know that every banks aim for one only goal.That is to centralize an decentralize financial system.And bitcoin is a decentralized cryptocurrency and if banks do happen many changes will happen in bitcoins.So i think having bitcoin banks is not good for all of us bitcoin users.
yes, we've got our own wallet, we do not need bitcoin bank. why we must keep our bitcoin where others will control our bitcoin. I think it's certainly not a smart decision. bitcoin should be spread evenly so that the price can be more stable. We better use our bitcoin as investment in trading because big capital could give nice profit.

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April 09, 2017, 03:21:25 AM
 #1552

There already is a bank. You ! You and every other person who uses bitcoin are the bank and the processing power to handle transactions is the miners.

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April 09, 2017, 04:22:14 AM
 #1553

There already is a bank. You ! You and every other person who uses bitcoin are the bank and the processing power to handle transactions is the miners.
These people who would like to see a bitcoin bank want it to be the same as like in the real life bank which only accepts fiat deposits and investment. I would not think it will be realize because these two (bitcoin and fiat) has separate banking features, one is centralized while the other is decentralized.
Actually, they should exist together to give people more options on how they do their banking and as I witness now, bitcoin is progressive because there are people who supported the current set up.

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April 09, 2017, 04:42:28 AM
 #1554

There already is a bank. You ! You and every other person who uses bitcoin are the bank and the processing power to handle transactions is the miners.
These people who would like to see a bitcoin bank want it to be the same as like in the real life bank which only accepts fiat deposits and investment. I would not think it will be realize because these two (bitcoin and fiat) has separate banking features, one is centralized while the other is decentralized.
Actually, they should exist together to give people more options on how they do their banking and as I witness now, bitcoin is progressive because there are people who supported the current set up.

Bitcoin is made in a way we can monitored and control our own,that's why there were a lots of apps that features bitcoin. Like coins.ph,blockchain etc. These  wallets were offers lots of features that are needed for transactions as well as banks offers. Bitcoin allows us to be the bank manager of our own wallet ,so we better just find the wallet that suits our needs which there were lots to choice to when we do research,there is no need for banks I think.

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Fatanut
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April 09, 2017, 11:48:07 AM
 #1555

There already is a bank. You ! You and every other person who uses bitcoin are the bank and the processing power to handle transactions is the miners.
These people who would like to see a bitcoin bank want it to be the same as like in the real life bank which only accepts fiat deposits and investment. I would not think it will be realize because these two (bitcoin and fiat) has separate banking features, one is centralized while the other is decentralized.
Actually, they should exist together to give people more options on how they do their banking and as I witness now, bitcoin is progressive because there are people who supported the current set up.

Why do they "should" co-exist, though? By the time bitcoin goes mainsteam, the government will start doing actions to stop the growth of bitcoin or at least slow it down. Actually having a bitcoin bank might be just one of the ways of the government to make bitcoin centralized rather than decentralized. When they accumulated enough bitcoins, they will have the upper-hand and they can start putting tax on the transactions that you make. We shouldn't problematize it, though, because we are far far from that point.

Bitcoin is just starting out and the idea of bitcoin bank will be real only when bitcoin is starting to have some actual success in a global level.

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Natalim
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April 09, 2017, 12:39:16 PM
 #1556

There already is a bank. You ! You and every other person who uses bitcoin are the bank and the processing power to handle transactions is the miners.
These people who would like to see a bitcoin bank want it to be the same as like in the real life bank which only accepts fiat deposits and investment. I would not think it will be realize because these two (bitcoin and fiat) has separate banking features, one is centralized while the other is decentralized.
Actually, they should exist together to give people more options on how they do their banking and as I witness now, bitcoin is progressive because there are people who supported the current set up.

Why do they "should" co-exist, though? By the time bitcoin goes mainsteam, the government will start doing actions to stop the growth of bitcoin or at least slow it down. Actually having a bitcoin bank might be just one of the ways of the government to make bitcoin centralized rather than decentralized. When they accumulated enough bitcoins, they will have the upper-hand and they can start putting tax on the transactions that you make. We shouldn't problematize it, though, because we are far far from that point.

Bitcoin is just starting out and the idea of bitcoin bank will be real only when bitcoin is starting to have some actual success in a global level.
If bitcoin will not co exist with bank, one will die and surely that will be bitcoin since bank has more supported by the government.
Bitcoin is different from bank although they have the same use for banking, it's decentralize and people who does not want to use and comply
with the banking laws can easily do that with bitcoin, this will mean that they can co-exist as at the end of the day we all convert our money to fiat.

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qiman
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April 09, 2017, 01:07:39 PM
 #1557

I think if the banking system that would be incorporating BITCOIN would be a fairer and kinder bank, then , yes I would not mind there being a Bitcoin bank as such. If the Bank will run along the same lines as the fractional reserve banking system we have today, then not particularly would be my answer to that.

BitHodler
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April 09, 2017, 01:16:49 PM
 #1558

I think if the banking system that would be incorporating BITCOIN would be a fairer and kinder bank, then , yes I would not mind there being a Bitcoin bank as such. If the Bank will run along the same lines as the fractional reserve banking system we have today, then not particularly would be my answer to that.
There is a huge difference between traditional banks implementing Bitcoin, and a regular wallet service or exchange operating like a traditional bank, as far as possible.

The latter mentioned is already the case, but the only thing that's missing is the part where you can gain interest over your stored coins.

However, if I'm not mistaken, BTER is offering interest over your coins, but it's a shitty exchange that I personally don't trust. And according to a lot people complaining, I am definitely not the only one thinking like that.

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April 09, 2017, 01:28:59 PM
 #1559

I think if the banking system that would be incorporating BITCOIN would be a fairer and kinder bank, then , yes I would not mind there being a Bitcoin bank as such. If the Bank will run along the same lines as the fractional reserve banking system we have today, then not particularly would be my answer to that.
I'm pretty sure it will not run the same system with our current banking system if it's possible to realize a bitcoin bank.
It should be different because banks are centralize and controlled by the government but bitcoin is not, we are controlling bitcoin and we make it successful.



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jeff layos
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April 09, 2017, 01:51:45 PM
 #1560

Yes,  i like it. Im waiting for this bitcoin bank and if launched this, more people come in internet and searh for how to earn money on bitcoin. And bitcoin is the best way to earn free money, i think people become reach now its very helpfull like other student working from home,  i hope launched it now bitcoin bank.  Smiley  Roll Eyes
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