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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 139571 times)
taxmanmt5
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April 17, 2017, 06:45:58 AM
 #1621

I do not find the idea of bitcoin bank positive. A thought contrary to Bitcoin's philosophy. If a bitcoin bank is established, there is no difference from the current monetary system.
Many people who use bitcoins want to control their own money only by themselves. But I think that such services will be demanded in the future. So people may want to keep their money in bitcoin banks.
to me i am also not in favour of the idea of bitcoin banks, i do not think that it will be more convenient than online bitcoin wallet system, which we can use so easily from anywhere and any time. as there is no restriction of time format.

Exactly,the convenience features of bitcoin will be limited. Bitcoin wallet is enough so far though we are now being populated that causes transaction confirmation slow but then it is more good than having its bank, and I guess those atms is good so far, I guess those are enough for making transaction in bitcoin.

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April 17, 2017, 07:12:00 AM
 #1622

I don't like having a bitcoin bank, I love the way bitcoin as a decentralized digital currency, making a bitcoin bank means that it will be be centralized digital currency controllable by some group oe the government tapping on our accounts making our privacy their entertainment in their leisure. I good on how bitcoin is kept on our wallets and for me, is the reason why Satoshi Nakmoto made the currency, to manage ourown money.
as we can see that most of the people are not in favor of bitcoin banking system. most of the bitcoin users want to continue with online system as it is more reliable and trusted to them as they can use it very easily and conveniently.
Right, most of the people here doesn't like banks because banks means centralization and if this idea will continue and be real then we are no longer decentralized and the bank of bitcoin can be a manipulator of the market since they got the most of the supply and they can control our money. We don't need bank because even when we just created a wallet, it is already a bank for us.

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April 17, 2017, 07:23:06 AM
 #1623

I don't like having a bitcoin bank, I love the way bitcoin as a decentralized digital currency, making a bitcoin bank means that it will be be centralized digital currency controllable by some group oe the government tapping on our accounts making our privacy their entertainment in their leisure. I good on how bitcoin is kept on our wallets and for me, is the reason why Satoshi Nakmoto made the currency, to manage ourown money.
as we can see that most of the people are not in favor of bitcoin banking system. most of the bitcoin users want to continue with online system as it is more reliable and trusted to them as they can use it very easily and conveniently.
Right, most of the people here doesn't like banks because banks means centralization and if this idea will continue and be real then we are no longer decentralized and the bank of bitcoin can be a manipulator of the market since they got the most of the supply and they can control our money. We don't need bank because even when we just created a wallet, it is already a bank for us.
Bitcoin bank just bad idea, there no reason to agree with the idea of "Bitcoin bank". While our each Bitcoin wallet act like as bank and provide good security with easy to convert digital currency to our fiat. We have full control to our wallet, their no nobody is going to control our money and need not pay tax on it.

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April 17, 2017, 07:32:18 AM
 #1624

I don't like having a bitcoin bank, I love the way bitcoin as a decentralized digital currency, making a bitcoin bank means that it will be be centralized digital currency controllable by some group oe the government tapping on our accounts making our privacy their entertainment in their leisure. I good on how bitcoin is kept on our wallets and for me, is the reason why Satoshi Nakmoto made the currency, to manage ourown money.
as we can see that most of the people are not in favor of bitcoin banking system. most of the bitcoin users want to continue with online system as it is more reliable and trusted to them as they can use it very easily and conveniently.
Right, most of the people here doesn't like banks because banks means centralization and if this idea will continue and be real then we are no longer decentralized and the bank of bitcoin can be a manipulator of the market since they got the most of the supply and they can control our money. We don't need bank because even when we just created a wallet, it is already a bank for us.
Bitcoin bank just bad idea, there no reason to agree with the idea of "Bitcoin bank". While our each Bitcoin wallet act like as bank and provide good security with easy to convert digital currency to our fiat. We have full control to our wallet, their no nobody is going to control our money and need not pay tax on it.
I certainly believe it's a bad idea also, there will be more banks and we might be following the same system as fiat banking, and with that there will be a risk that we will lose the freedom we are currently enjoying now. Banking will be complicated since the KYC policy will be implemented and we are watch every time we do transactions.



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April 17, 2017, 07:36:52 AM
 #1625

I agree with the idea bitcoin bank but this need KYC and it will kill many of us.
blockchain.info wallet no dead then we not need use bitcoin bank.

I just got my banned on coinbase, is country issue if not wrong.
so the KYC can be big killers. bitcoin bank if want do need FULL avoid on KYC.

one of the idea i think is bank backed up behind the bitcoin bank,
but as u know if like this must applied on KYC as finance control department of the country will interrupt on it.

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April 17, 2017, 07:47:38 AM
 #1626

I agree with the idea bitcoin bank but this need KYC and it will kill many of us.
blockchain.info wallet no dead then we not need use bitcoin bank.

I just got my banned on coinbase, is country issue if not wrong.
so the KYC can be big killers. bitcoin bank if want do need FULL avoid on KYC.

one of the idea i think is bank backed up behind the bitcoin bank,
but as u know if like this must applied on KYC as finance control department of the country will interrupt on it.


You have a clear point, the KYC will kill the anonymity of bitcoin that we are get used to. With that possibilities I don't
think people will still push to have a bitcoin bank. For me, I have no problem with bitcoin wallet as it went smooth all my
transactions.

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April 17, 2017, 08:08:39 AM
 #1627

Quote from: ETFbitcoin link=topic=1652815.msg16605982#msg16605982 date=
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 is not stupid idea
bitcoin bank is good, moreover bitcoin bank is real company real bank, you can withdraw fiat money to bitcoin bank office
deposit, withdraw bitcoin only one office, real office, so bitcoin user can seasy exchange bitcoin to fiat money

Really? The features of bitcoin will be limited and so the features of real bank will be applied to every bitcoin user, that will be the case if so. Bitcoin exist opposite to the bank. Bitcoin never exist to be centralized that is why it is decentralized right? Cheesy Let us think of that.


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April 17, 2017, 09:35:48 AM
 #1628

I agree, the existence of the bitcoin bank will make the legality of bitcoin is improving and will make the bitcoin increasingly popular and accepted globally.



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btcdiggingmaster
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April 17, 2017, 09:43:24 AM
 #1629

I don't like having a bitcoin bank, I love the way bitcoin as a decentralized digital currency, making a bitcoin bank means that it will be be centralized digital currency controllable by some group oe the government tapping on our accounts making our privacy their entertainment in their leisure. I good on how bitcoin is kept on our wallets and for me, is the reason why Satoshi Nakmoto made the currency, to manage ourown money.
as we can see that most of the people are not in favor of bitcoin banking system. most of the bitcoin users want to continue with online system as it is more reliable and trusted to them as they can use it very easily and conveniently.

They are not bothering about the secure system, the only concern is if they start bitcoin banking system again it will go into hands of the government, that's why so many people don't have any interest towards bitcoin banking system.

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1Referee
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April 17, 2017, 09:59:05 AM
 #1630

You have a clear point, the KYC will kill the anonymity of bitcoin that we are get used to. With that possibilities I don't
think people will still push to have a bitcoin bank. For me, I have no problem with bitcoin wallet as it went smooth all my
transactions.

KYC won't kill the "anonymity" aspect of Bitcoin at all. People greatly over-exaggerate the anonymity aspect of Bitcoin. If you make use of an online wallet service, an exchange, or any other Bitcoin related services, with or without KYC, there is no anonymity involved, and thus you can't lose it. If you want to enjoy some level of anonymity, then after cashing out your coins from whatever service, you have to run them through a mixer. Because if you don't, the services you have used can follow everything you do, and potentially even play that to the government if they end up getting forced to do so.

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April 19, 2017, 05:09:33 PM
 #1631

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.
Correct, banks will aim to try to get control over the network so we must avoid the construction of a bitcoin bank, in a way this reminds me of the fight against the creating of an American central bank that happened and we know how that ended the Federal Reserve was eventually created.
There is no way bitcoin banks will be establish if people would not allow it, we want the same system that we are using now, we can simply transact online without the need of a third party and we know banks in real world is govern by the central bank and we are not sure if people who govern are really willing to serve the interest of the people. Here in bitcoin, we are all equal and we have freedom since we can transact anything and anytime we want.
Don’t make a mistake, the only reason a bank of bitcoin has not been created is because it is not going to be successful because we know the truth but when adoption increases to the point the average person uses bitcoin then you can be sure bitcoin banks will being to exist because th average person does not know the truth.

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April 20, 2017, 07:21:04 PM
 #1632

Where i can see information those who will make this bank project . I am very curious see who they were . Were actually against if inik happened

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April 20, 2017, 08:02:43 PM
 #1633

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.
Correct, banks will aim to try to get control over the network so we must avoid the construction of a bitcoin bank, in a way this reminds me of the fight against the creating of an American central bank that happened and we know how that ended the Federal Reserve was eventually created.
There is no way bitcoin banks will be establish if people would not allow it, we want the same system that we are using now, we can simply transact online without the need of a third party and we know banks in real world is govern by the central bank and we are not sure if people who govern are really willing to serve the interest of the people. Here in bitcoin, we are all equal and we have freedom since we can transact anything and anytime we want.
Don’t make a mistake, the only reason a bank of bitcoin has not been created is because it is not going to be successful because we know the truth but when adoption increases to the point the average person uses bitcoin then you can be sure bitcoin banks will being to exist because th average person does not know the truth.

Yes, I agree with you. If bitcoin becomes popular, then there will be different services that will be intermediaries between users and bitcoins. Maybe this role will be taken by banks
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April 21, 2017, 01:00:40 AM
 #1634

I think there will be eventually a bitcoin bank but it is never going to be as successful as their fiat counterparts for the simple reason that many users will never allow themselves to give up their freedom and privacy just for a very small percentage a year.

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April 21, 2017, 01:03:26 AM
 #1635

I will not agree in this statement of bitcoins bank.I dont feel secure storing my money on my bank,yes  it is secured but i like handling my own money by myself.


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TokenPay || THE WORLD'S MOST SECURE COIN ||


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April 21, 2017, 01:26:56 AM
 #1636

Quote from: ETFbitcoin link=topic=1652815.msg16605982#msg16605982 date=
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 is not stupid idea
bitcoin bank is good, moreover bitcoin bank is real company real bank, you can withdraw fiat money to bitcoin bank office
deposit, withdraw bitcoin only one office, real office, so bitcoin user can seasy exchange bitcoin to fiat money

What is the point of moving to Bitcoin if you will still practice what is being practiced in fiat currency?  As far as I know the reason why we are in Bitcoin is to avoid such third party people.  Bank is evil, they exploited us, using our deposited Money and still you wanted them to exploit us with our Bitcoin?

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April 21, 2017, 03:01:30 AM
 #1637

I will not agree in this statement of bitcoins bank.I dont feel secure storing my money on my bank,yes  it is secured but i like handling my own money by myself.
You always have the option to store your money in bitcoin bank or save it in your wallet.
For me also, I think bitcoin bank is not necessary anymore, people are already satisfied with the current set up.
We have online and offline wallet and that is perfect already, at least we are free from the government intervention.

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April 21, 2017, 03:41:09 AM
 #1638

I will not agree in this statement of bitcoins bank.I dont feel secure storing my money on my bank,yes  it is secured but i like handling my own money by myself.
Yes, I also do not agree with the idea of bitcoin bank, because it will make the bitcoin and real money is the same. In addition, the existence of bitcoin bank then applied the rules such as verification of your original data.

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April 21, 2017, 03:46:48 AM
 #1639

Most of us will not agree on this idea but when most of the countries started to regulated and adopt bitcoin.

We don't have choice because there is a possibility that this will happen. If you are very careful on what is happening on bitcoin.

You know that this bitcoin bank is very possible in future.

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April 21, 2017, 03:49:41 AM
 #1640

I will not agree in this statement of bitcoins bank.I dont feel secure storing my money on my bank,yes  it is secured but i like handling my own money by myself.
Yes, I also do not agree with the idea of bitcoin bank, because it will make the bitcoin and real money is the same. In addition, the existence of bitcoin bank then applied the rules such as verification of your original data.

If you object to this idea, then don't ever hope about the rules and all the civilizations you've always dreamed of. Which I think is not a separate bank establishment, but a conventional bank that is integrated by adopting a peer to peer system from bitcoin. If you don't want a bitcoin pair with fiat, then bitcoin will never have any value at all.

   
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