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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 141607 times)
Lumada
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September 13, 2017, 04:26:41 AM
 #2101

yes I agree, I think banks and bitcoin can work together to make transactions easier and simpler. of course bitcoin and bank will strengthen each other so I think this is a very good idea.
We still need bank to do transactions with bitcoin especially for cashing out. I think btc bank can be a great help for us to make it more convenient.

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September 13, 2017, 04:39:38 AM
 #2102

i dont agree.. it will be easy manipulated and control by a person if bitcoin bank exist.. totally disagree.. more advantage to the owner rather to ourself.. what happen this bank rob our money. what will happen.. that also will attract many hacker to attack this bank. what will happen if hacker manage to steal our money in this bank.. who wil be blamed? i dont think this will be a good idea.

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September 13, 2017, 04:39:58 AM
 #2103

yes I agree, I think banks and bitcoin can work together to make transactions easier and simpler. of course bitcoin and bank will strengthen each other so I think this is a very good idea.
Bank will accept and that is fun but we should not limit only for bitcoin bank as we know how strict they will be if it will based on the current banking system law. We can still rely on exchanges and to see more options would make it good to use bitcoin, I don't trust bank in terms of protecting our personal information as they are just humans, they collect to much information from us that might be expose.

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September 13, 2017, 05:11:20 AM
 #2104

I agree with a DECENTRALIZED Bitcoin bank which is run by the nodes, and has no central authority. This is what we truly need to keep people safe. Although, technically it could be said that is exactly what the blockchain is.



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September 13, 2017, 05:25:13 AM
 #2105

yes I agree, I think banks and bitcoin can work together to make transactions easier and simpler. of course bitcoin and bank will strengthen each other so I think this is a very good idea.
We still need bank to do transactions with bitcoin especially for cashing out. I think btc bank can be a great help for us to make it more convenient.

I don't think so as here in my country we can convert fiat without the need of bank. We have a lot of options where to cash out and it's working fine.
If bank and bitcoin will work together this will be a total chaos to all users, the pseudonym will be loss and the hackers will have a full access. Banks aren't safe that even their employees are suspected of glitches that are happening. We are now doing fine without banks so just be it.

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September 13, 2017, 06:31:24 AM
 #2106

It is a great idea but it has disadvantage too. The price rate of bitcoin is unstable with the change of time . $100 is today and it would be the $80 the next day and more or less. So bitcoin bank can't cope with the changeable rate of investment and interest. So though bitcoin bank is necessary for us but also many disadvantage too.
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September 13, 2017, 06:40:36 AM
 #2107

why would I store my bitcoin in a specific BTC bank hahahahahhaa it is super risky
infact you can store your own BTC with wallet so why would  you need that if you can traet your wallet as a bank be practical and think more hehehehehe

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September 13, 2017, 08:08:42 AM
 #2108

why would I store my bitcoin in a specific BTC bank hahahahahhaa it is super risky
infact you can store your own BTC with wallet so why would  you need that if you can traet your wallet as a bank be practical and think more hehehehehe

I don't think that having a bitcoin bank is risky but you are right that creating our own wallet is safer than trusting bitcoin bank because in your own wallet you have all the control and no one is seeing your current balance while bank of bitcoin is risky because of the exposed information and the hackers might get attract with the bitcoin bank and bypass and stole some bitcoin from there.

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September 13, 2017, 10:04:35 AM
 #2109

I think it would be a good idea, some would say no, some would say yes. But for me, it's a good idea because we can have a focused and international banks that is only exclusive for bitcoin users and investors. This gives them advantage due to the security and the trust of the name it self and its company. Although it would be hacked and manipulated, i guess they are already prepared about those things if they would proceed about bitcoin banks.
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September 13, 2017, 11:48:44 AM
 #2110

why would I store my bitcoin in a specific BTC bank hahahahahhaa it is super risky
infact you can store your own BTC with wallet so why would  you need that if you can traet your wallet as a bank be practical and think more hehehehehe


Exactly! For me, I don’t need that bitcoin bank. I can store my btc through wallet. Bitcoin bank is likely an ordinary bank for me. It’s really useless.

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September 13, 2017, 01:49:27 PM
 #2111

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 agree that about the idea of "Bitcoin Bank", why? Less hassle to go in bank to deposit or withdraw.
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September 14, 2017, 09:44:26 AM
 #2112

Online wallets is enough for storing our bitcoins. Banking our coins takes time because it requires to file your documents and process it. But in e-wallets, so easy to access, manage and monitor because it is handy and we carry it we ever we go. We can make huge profits if we have only the full control to our btc through buy and sell.
You know, it pisses me out a lot when I see people mention things about having a bitcoin bank. Like seriously, what is a Bitcoin bank? Let me just put it this way– what will a bank offer in Bitcoin? Is it not to offer you a debit card, oh you need a Bitcoin cheque book? Like wtf... ain’tXapo and Coinbase enough? They offer what a bank can offer, so don’t ask for more.

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September 15, 2017, 09:08:54 AM
 #2113

What banking services did you want it to provide. There are several things that a bank does. I assume that the first and fore most that you are looking for is the interest payments. There are a few exchanges type sites that pay interest on the BTC balance that you have and maintain, so that is covered. Credit? Well, that is a whole new ball game.

It is hard to give credit and keep people anonymous at the same time. There are sites that give loans. So it depends on what you are looking for. We dont need all functions of banks. Maybe a few will do.


According to me, there is no requirement of bitcoin banks. If it will be a bank, then I won't keep myself in dark that there won't be the same rule and regulations as there are in fiat banks. Definitely, we will lose anonymity and as the guy has told, we can have interest on our BTCs, and then let's just forget about this idea.

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September 15, 2017, 02:53:25 PM
 #2114

I disagree with this idea "bitcoin bank" because first of all bitcoin is decentralized currency already. If you put bitcoin in a bank means there is a certain person or group that is holding our bitcoins and its centralized already. I like to put my bitcoins to microwallets for me rather than a bitcoin bank. Thats my opinion
We’ve had enough Bitcoin banks, that’s true. Xapo is the best in my own opinion. I don’t know why anyone should be requesting for more Bitcoin banks. What don’t we have available in the bitcoin community, we have wallets and we have banks, so we’re good to go.

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September 15, 2017, 10:54:46 PM
 #2115

i agree that idea for the bitcoin bank, but my question what is the previllage you can get if they have a banking system in bitcoin, because in the traditional banking system have an percentage interest rate in your money deposit, how about in bitcoin because banking is the part of savings investment.
Bitcoin and banking are opposites and enemies, they may be able to coexist for some time but at the end a war is going to break out between them, banks are very powerful but bitcoin is the best of the two systems for the people so if they decide to adopt what benefits them then banks are doomed.

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September 15, 2017, 11:01:51 PM
 #2116

I think bitcoin does not need a bank. I prefer the free bitcoin without any bank or third party in it. it will make me feel watched every bitcoin use. bitcoin just needs a wallet instead of a bank .. which makes bitcoin decentralized not centralized, I think the idea for bitcoin bank is not necessary because few people will follow you. people will prefer the bitcoin wallet from the bank. each transaction will be done by himself instead of using the bank.
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September 15, 2017, 11:07:50 PM
 #2117

I disagree with the idea of having Bitcoin Bank you know why there are banks who used to criticize bitcoin in public and they said that Bitcoin is a fraud what kind of thinking they have they don't even experience using and buying Bitcoins in the first place and if Bitcoin would be managed by the bank the security would be very risky thats why i dont like bitcoin bank.

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September 15, 2017, 11:50:21 PM
 #2118

There is no such thing as a Bitcoin bank. People cannot steal your Bitcoin unless they have your private keys. To get private keys you need to steal/hack or be given them. And if you give someone your private keys, you are an idiot.



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September 16, 2017, 05:10:01 PM
 #2119

the idea behind bitcoin bank is make btc as a tangible. if we have bitcoin bank,we can use it to exchange currency.
Moreover centralized bank can help to provide master card or credit which will be used shopping and other purpose. So bitcoin bank will bring something good for bitcoin community.

Lol. No it won't. It would be the same as going backwards to where we were. Why bother using bitcoin at all in that case ? It defeats the entire purpose of Bitcoin. You taking something Decentralized and retinf to centralize it. You don't understand how Bitcoin works or banks. Please don't just say whatever you like as if it was fact. Do your own research. The very basic understanding of bitcoin is that you are the bank.


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September 16, 2017, 05:23:14 PM
 #2120

the idea behind bitcoin bank is make btc as a tangible. if we have bitcoin bank,we can use it to exchange currency.
Moreover centralized bank can help to provide master card or credit which will be used shopping and other purpose. So bitcoin bank will bring something good for bitcoin community.

Lol. No it won't. It would be the same as going backwards to where we were. Why bother using bitcoin at all in that case ? It defeats the entire purpose of Bitcoin. You taking something Decentralized and retinf to centralize it. You don't understand how Bitcoin works or banks. Please don't just say whatever you like as if it was fact. Do your own research. The very basic understanding of bitcoin is that you are the bank.
Bank is not required. Why again we should spend time unnecessarily going to a place set as bank and do all the transaction done in bank. We are already ahead with bitcoin's systems. Each one can do their transaction more secured without any other third party. Its even faster and stronger in transactions. So no need of a bank for bitcoin.

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