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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 139500 times)
iqlimasyadiqa
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April 28, 2017, 01:00:48 PM
 #1721

No there shouldn't be any bank. And the thing is what will bank do? There is already like coinbase which is similar to bank. Loan system will not work on bitcoin. Just earn them or buy and invest and grow your money.
I think BANK can make bitcoin more reliable. If you know that with the existence of a bank then bitcoin will be faster to grow and recognized by many governments in many countries. That's the real proof of a bank's trust and security.



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April 28, 2017, 01:34:40 PM
 #1722

Bitcoin is the freedom. With bitcoin you are in control of your money. I don't like any such limitations.

Yes it is freedom and there are things and ideas that are free to use and adopt bitcoin with whatever purpose they want to.

But I don't want this type of idea either, this will just destroy the decentralization system that has been introduced by bitcoin.

And I don't want my transactions to be monitored and taxed by the bank.

We know that bank are earning that way, collecting fees even and using your money for their business and growth.



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April 28, 2017, 03:47:18 PM
 #1723

Do you suggest a tax on wealth or what?
Suggest ? Isn't that''s what happens in the real world ? I mean,you could be all rich you want but if do need to pay taxes for every asset you have owned in terms if property/Fixed Deposits

In the real world things happen in the opposite way

That is, it is not really wealthy that get taxed first (or taxed at all, for the record). Those who are superrich are powerful enough to exempt themselves from taxes altogether. It is mostly middle class and those wanting to enter the "inner circle" who get taxed up to the hilt. It could be interpreted in the way that the elites are thus saving themselves from competition via heavily taxing those who could potentially dethrone them and take their place

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April 28, 2017, 06:16:06 PM
 #1724

Bitcoin is an ideal system that is designed to do without the services of banks. Therefore, I do not understand why complicating this process. Bitcoin Bank will not bring anything for users except for extra costs and control
For the people who are not much educated to use the computer and internet facilities can start using bitcoin if banking service is started. But as said the decentralization will soon gets destroyed, because the firm having control of the banking system hold the control.
I don’t agree to the point as you are thinking only in a narrow perspective. Looking to it with a broad perspective there maybe people who may not be good users of the internet and computer. Like if someone has invested in bitcoin but he is not capable enough to keep his wallet properly or work with it properly. He may need someone’s services to drive for him.

However the idea of bitcoin bank will be getting realized into our life very soon. I believe people will make themselves get ready for adopting it. Otherwise they could not survive in this digital era.



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April 29, 2017, 01:17:10 AM
 #1725

I do see bitcoin bank as a big problem due to we would centralize a lot bitcoin into a single place, soo it could be hacked or use our coins to manipulate the bitcoin market, soo it could be good as well bad for all. The only atractive thing could be the deposits interest that could be 5-10% each month but the risk to get such its better we try our lucky with trading.


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April 29, 2017, 09:07:09 AM
 #1726

I don't like bitcoin bank. Its like they will store your bitcoins for an small interest? Its not worth it in nowadays because of the increasing price of bitcoins now. I just want to store my bitcoin in my wallet much more safer for me.


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April 29, 2017, 10:27:28 AM
 #1727

I don't like bitcoin bank. Its like they will store your bitcoins for an small interest? Its not worth it in nowadays because of the increasing price of bitcoins now. I just want to store my bitcoin in my wallet much more safer for me.
They can't prevent the growth of the value of your money because that is inherent feature of a bitcoin, if there is a bank the insurance thing is something that I'm looking forward, if they can also cater than to our bitcoin I guess it will attract more depositors, that if all the scenarios we are talking will take place in the future.

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April 29, 2017, 11:18:29 AM
 #1728

I don't like bitcoin bank. Its like they will store your bitcoins for an small interest? Its not worth it in nowadays because of the increasing price of bitcoins now. I just want to store my bitcoin in my wallet much more safer for me.
That is one of the disadvantage of bitcoin bank and also the main reason for creating the bitcoin bank is the centralization for the bitcoin because they can take control of bitcoin and they can also manipulate or dictate the market if they got a lot of supplies from the depositors of bitcoin, bitcoin bank is a hidden agenda and we should not approve that.

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April 29, 2017, 11:35:35 AM
 #1729

As an individual, I, too, support the freedom of BTC, but how would a Bitcoin bank damage this freedom?

Bitcoin bank could provide higher-volume services than your local BTC exchangers. Also, it would be a good reason for companies to trust in BTC.

It would not have to close off our current ways of BTC either (individuals traders, smart contracts, local investment holding...etc).


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May 03, 2017, 04:32:45 PM
 #1730

well bitcoin bank will create increased market confidence and also better than safety issues

How could it be safer than you holding your privatekey and having an exclusive access to your coin?  Remember if this bank decided to freeze your bitcoin account, then you won't be able to move it anywhere you wanted. Worst it will be lost forever since it might probably seized by the same bank where you put your trust.

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May 03, 2017, 05:20:16 PM
 #1731

If Bitcoin Bank, provide legal certainty and legal protection, why not. Or give more facilities than the present, of course that's a good step ..


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deisik
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May 03, 2017, 06:03:13 PM
 #1732

well bitcoin bank will create increased market confidence and also better than safety issues

How could it be safer than you holding your privatekey and having an exclusive access to your coin?  Remember if this bank decided to freeze your bitcoin account, then you won't be able to move it anywhere you wanted. Worst it will be lost forever since it might probably seized by the same bank where you put your trust.

Many coins get stolen from desktop wallets

We just don't hear about such events since no one is likely going to admit that it was his fault, and thus these people prefer to chew on the bullet in silence and solitude. It is like car incidents versus aircraft crashes. People are killed daily in massive numbers but most of these cases pass completely unnoticed because they happen quite regularly. On the other hand, every aircraft crash gets attention and prime time, especially if a few hundred people got killed in such crashes, though they are incomparable by the number of victims with car accidents. This is called selection bias

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May 23, 2017, 10:31:15 AM
 #1733

Bitcoin bank is a good idea, because how can we save bitcoin if we don't have this? and how can we receive our income here in campaign if we don't have this. This is really important especially to those who really want to earn a lot of bitcoin, what is a stupid thing about this?

Even without a bank you can save your bitcoin in your wallet. That's the sure thing about it. But with bitcoin bank, if it happens that we already have one, probably we could benefit on what real banks could offer.


But there is no such stupid thing about this, I think this is also a suggestion and for sure there are also a lot of people who will became one of the customers of that bitcoin bank someday.
Maybe the bank can offer a 24 hour ATM machine, an advantage for us if we do have our own ATM anywhere so no need to remit out money in local remittances and wait for how many minutes for confirmation, I am indeed in favor to have our own bank for us to have passbook and can monitor our daily deposit and withdrawals.
if you are searching for te ATM service for your bitcoin then you have to get a bitcoin debit card so you will be able to withdraw your bitcoins anytime from any ATM machine which will accept visa or mastercard from any bank. As that cards are regulated by mastercard and visa card service providers and have the same system as your bank card system.
Isn't that the purpose of your Bitcoin wallet for? To save your Bitcoin. Banks are not highly helpful for us as it cannot do anything better than the volatility that Bitcoin can make. Also there are no helpful functions that Banks can add to Bitcoin. From sending to saving money it can be done by the Bitcoin wallet alone.
Hmmm, I think if we can have a Bitcoin bank, Managers in that bank or the owner of that can make their way to have their own income when someone is depositing bitcoin, like if the bitcoin increases the value, they can make the increases lower than we expected, then the other part of  it will go to their own bank accounts.



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May 23, 2017, 11:49:43 AM
 #1734

Bitcoin bank is a good idea, because how can we save bitcoin if we don't have this? and how can we receive our income here in campaign if we don't have this. This is really important especially to those who really want to earn a lot of bitcoin, what is a stupid thing about this?

Even without a bank you can save your bitcoin in your wallet. That's the sure thing about it. But with bitcoin bank, if it happens that we already have one, probably we could benefit on what real banks could offer.


But there is no such stupid thing about this, I think this is also a suggestion and for sure there are also a lot of people who will became one of the customers of that bitcoin bank someday.
Maybe the bank can offer a 24 hour ATM machine, an advantage for us if we do have our own ATM anywhere so no need to remit out money in local remittances and wait for how many minutes for confirmation, I am indeed in favor to have our own bank for us to have passbook and can monitor our daily deposit and withdrawals.
if you are searching for te ATM service for your bitcoin then you have to get a bitcoin debit card so you will be able to withdraw your bitcoins anytime from any ATM machine which will accept visa or mastercard from any bank. As that cards are regulated by mastercard and visa card service providers and have the same system as your bank card system.
Isn't that the purpose of your Bitcoin wallet for? To save your Bitcoin. Banks are not highly helpful for us as it cannot do anything better than the volatility that Bitcoin can make. Also there are no helpful functions that Banks can add to Bitcoin. From sending to saving money it can be done by the Bitcoin wallet alone.
Hmmm, I think if we can have a Bitcoin bank, Managers in that bank or the owner of that can make their way to have their own income when someone is depositing bitcoin, like if the bitcoin increases the value, they can make the increases lower than we expected, then the other part of  it will go to their own bank accounts.

Thats why there is no need for Bitcoin bank since we can cashout our btc and we can do manage and control our own btc thru wallets.
Hypnosis00
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May 23, 2017, 12:08:02 PM
 #1735

I don't agree with bitcoin bank because it is like destroying the bitcoin because bitcoin is not for storage, it is for usage and people like to use bitcoin as a currency and not an asset only that need to be stored for safety. Bitcoin bank is such a bad idea and we should be not developing like this because it is all against the real essence of bitcoin.

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Baby Dragon
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May 23, 2017, 02:04:45 PM
 #1736

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.
Yes agree with idea about bitcoin bank because some people will come in the bank and to deposit there bitcoin to make it secure.Bitcoin bank will help the market to hold the bitcoin and help the people who wants to borrow some bitcoin or to loan. If there’s a bitcoin bank some people will use it in their business because it has low fees.

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Gotottack
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May 23, 2017, 02:10:52 PM
 #1737

I think this idea is not feasible given that this will necessitate government and state regulations in conformity to international banking standards. Having this centralized system of governance will exploit the digital currency idea of Bitcoins. However, we do not close doors to possibilities in the near future. But as of the moment, I do not think it is a bright idea. 

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infer
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May 23, 2017, 02:21:48 PM
 #1738

I don't agree with bitcoin bank because it is like destroying the bitcoin because bitcoin is not for storage, it is for usage and people like to use bitcoin as a currency and not an asset only that need to be stored for safety. Bitcoin bank is such a bad idea and we should be not developing like this because it is all against the real essence of bitcoin.
Yes that is correct. Bitcoin bank is totally against the meaning of Bitcoin. BItcoin was created for the anonymity and the security and the decentralized system. Therefore, do not ever put your bitcoin in some kind of Bitcoin banks


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May 23, 2017, 03:03:10 PM
 #1739

I don't agree with bitcoin bank because it is like destroying the bitcoin because bitcoin is not for storage, it is for usage and people like to use bitcoin as a currency and not an asset only that need to be stored for safety. Bitcoin bank is such a bad idea and we should be not developing like this because it is all against the real essence of bitcoin.
Yes that is correct. Bitcoin bank is totally against the meaning of Bitcoin. BItcoin was created for the anonymity and the security and the decentralized system. Therefore, do not ever put your bitcoin in some kind of Bitcoin banks
Having the bank control your Bitcoin will totally limit your earnings as they are the ones benefiting from your Bitcoin. But I don't see any possibility that Bitcoin banks will exist due to legal issues, also what Banks are looking for is a stable currency to work with as a volatile currency would only cause them headaches at an accounting point of view.

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🌟 eSports ICO: 01/11/2017 🌟


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May 23, 2017, 03:26:57 PM
 #1740

What is the reason to keep your bitcoins at third party hands? For example Xapo claims that they hold all bitcoins in undisclosed locations underground. Maybe there is no any "hidden locations", it`s very risky anyway to pass your bitcoin control to somebody except your nearest family members.

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