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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 139501 times)
Barbarian
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August 19, 2017, 07:12:15 PM
 #1941

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 disagree completely with this idea bitcoin is supposed to be decentralized and you need to be your own bank what is the point of giving up the liberty given to us by satoshi what could banks give to people so they willingly give up their freedom once again.

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August 20, 2017, 10:52:37 AM
 #1942

No. A bitcoin bank is a bad idea.

Banks already right now use fractional lending and only keep 10% on hand. If a bitcoin bank existed they would likely do this, lend out a bunch of IOUs that are worth nothing but trusting that bank. It is the exact opposite of what we want to have happen in the bitcoin world.

We want decentralization, not centralized banks who control your private keys(bitcoins).
bitcoin is a free payment that we can use anywhere without any time requirement we can use bitcoin for payment we can pay our bill through bitcoin. The market value of the bitcoin will be increase if it will be use with more high price and with high transaction but banks will make bitcoin bound because the banks has a lot of formalities to be fulfill so bitcoin is good to have just in wallet instead of in banks.

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August 20, 2017, 11:24:03 AM
 #1943

There are already a number of banks in the currency of the Bitcoin but they are still electronic banks and not real on the ground and I think they need time to implement to ensure rights and responsibility

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barabarian1
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August 20, 2017, 11:27:37 AM
 #1944

dont agree. no, without bitcoin's bank, bitcoin save.
i mean it more save if you hold by yourself than you put in bank.
and maybe in bank you got fee/tax.

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August 20, 2017, 11:42:33 AM
 #1945

A good idea, but what form of bank should be designed for bitcoin itself. Perhaps by combining the pyroclastic money with bitcoin will be able to form a bitcoin bank

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August 20, 2017, 11:47:44 AM
 #1946

dont agree. no, without bitcoin's bank, bitcoin save.
i mean it more save if you hold by yourself than you put in bank.
and maybe in bank you got fee/tax.
Well, you definitely gonna have to pay for the taxes if you put your money to the bank but I don't know on what basis because if the value will increase you earn profit from you original investment, maybe the tax will come the moment you withdraw or cash out your money which is not favorable on our part because if the value decline they would not do anything to help us. I think bank is not just meant for the crypto currency, it's decentralized and bank are centralized.

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August 20, 2017, 11:57:33 AM
 #1947

yea,
I agree with idea "Bitcoin bank".because secure transactions through banks.Besides, debit cards, ATM, life insurance etc are available in bank.Now you say if Bitcoin bank will be better?
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August 20, 2017, 12:02:33 PM
 #1948

Yes i do agree with bitcoin bank because it will serves as our fund in which our bitcoin can be stored. But at some point, it's not 100% reliable because sometimes, there were some errors that occur in releasing funds in that bitcoin account.
Well now that we are currently having Bitcoins ATM's all around the place, it was only a matter of time that Bitcoin Bank started coming into existence, but the whole problem with the implementations is that, Will the institution overseeing banking regulation allow bitcoins to have their own bank. This will take a lot of convincing before it can be done.

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August 20, 2017, 12:20:34 PM
 #1949

The bitcoin motto itself has been written "be your own bank" so this is a plus point and capable decentralized. But if it is already regulated, the only two bitcoin options are opening a branch office in the country or the system is acquired by a legal bank.

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August 20, 2017, 12:30:06 PM
 #1950

its good when we have bitcoin bank, but it will cost more usual.
bitcoin's bank need fund, and we must pay for it.

and its better when we just keep bitcoin in our wallet than in the bank, no fee and more save.

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August 24, 2017, 12:20:02 PM
 #1951

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 its fine we have bitcoin bank but since not all people and government who agree bitcoin is legal thing , it needs more presentation and requires so much time to implement it on the world, but its a great things if it will happen soon
I think the free bank bitcoin just manifested, after all you are not forced to use it. You will use it or not it is up to you, no coercion. Only if you use bitcoin bank. Of course the bitcoin you have will be controlled by the bank and also your identity may be exposed, you want to do that?


Yes, why letting someone else look after our BTCs when they are already safe and secure in our wallets? Also, we will have to agree with their terms. The very thought of someone handling my money, stinks. A big NO from my side also! I am cool with the way how things are now.

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August 24, 2017, 04:52:51 PM
 #1952

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 don't agreed with the bitcoin system, because this things has been implement bitcoin will not be longer decentralize, since we knew that bitcoin bank was centralized while bitcoin is not we are free to control our own holding coins unlike in bitcoin bank is not.

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August 24, 2017, 04:59:22 PM
 #1953

The idea of crypto currencies is to avoid third parties. Using Bitcoin bank means you don't own your money.
It's against decentralizing idea.

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August 24, 2017, 05:13:27 PM
 #1954

I think that the Bitcoin Bank may be good for newbie users, cause nowadays is easy to forgot your password, lost backup file etc.
(inconsequence lost ur money)
In the bank u can forget everything but u always can recoup things which belong to you. Here you must take care more about yourself, so for many it can be uncomfortable in my opinion.

But BTC destiny is to be decentralized(as everywhere is describe), BTC has a lot of advantages but also some disadvantages (like these listed). And it's your choice what is more important for you or what you do need more.


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August 24, 2017, 05:15:29 PM
 #1955

I think it's still too for the bitcoin bank, because not everyone can use it yet. We also still have a website that provides wallet like blockchain, so still not necessary.

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August 24, 2017, 11:03:00 PM
 #1956

Yes i do agree with bitcoin bank because it will serves as our fund in which our bitcoin can be stored. But at some point, it's not 100% reliable because sometimes, there were some errors that occur in releasing funds in that bitcoin account.
What a bad reason you can store your bitcoin yourself, that is the whole point of bitcoin  being your own bank if there is not a reason to want a bitcoin bank is that, you are giving them your coins with a 100% change they are going to get it, and you do not have a 100% chance you are going to ever see your bitcoin back, those are bad odds.

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August 25, 2017, 03:27:00 AM
 #1957

I think that the Bitcoin Bank may be good for newbie users, cause nowadays is easy to forgot your password, lost backup file etc.
(inconsequence lost ur money)
In the bank u can forget everything but u always can recoup things which belong to you. Here you must take care more about yourself, so for many it can be uncomfortable in my opinion.

But BTC destiny is to be decentralized(as everywhere is describe), BTC has a lot of advantages but also some disadvantages (like these listed). And it's your choice what is more important for you or what you do need more.


It is also the newbies that fall for scam sites, it's also the newbies that end up with coins stores on "online wallets" that tend t get "hacked" and you are not going to see your money anymore.

The numbers of accidents where you lose your privatekeys and your back-up pales in comparison with the numbers of people that lost their coins while having them on a walk in some online wallet.Should we add to things like inputs.io the exchanges that went bust? gox, mintpal, and not btc-e?

If you can't store your money or coins properly then how do you not die of hunger with a hamburger in front of you?



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August 25, 2017, 04:57:00 AM
 #1958

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.

In my opinion bitcoin does not need a bank .. just bitcoin legal in indonesia , if VIP bitcoin is official in indonesia then VIP is more than a bank in the real world
DoublerHunter
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August 25, 2017, 10:03:23 AM
 #1959

Yes i do agree with bitcoin bank because it will serves as our fund in which our bitcoin can be stored. But at some point, it's not 100% reliable because sometimes, there were some errors that occur in releasing funds in that bitcoin account.
What a bad reason you can store your bitcoin yourself, that is the whole point of bitcoin  being your own bank if there is not a reason to want a bitcoin bank is that, you are giving them your coins with a 100% change they are going to get it, and you do not have a 100% chance you are going to ever see your bitcoin back, those are bad odds.
With the current wallets that we have right now like online wallet, hardware wallet and so on. We don't need bitcoin bank anymore because we can easily make our own bank and that is our wallet. If we are going to have bitcoin bank then it is not a decentralized type anymore because the bank of bitcoin can use those bitcoins to do something that will make profits for them.

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August 25, 2017, 10:29:38 AM
 #1960

I disagree with the existence of his "Bitcoin Bank"
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