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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)
r1nd3m1r4
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September 19, 2017, 06:37:32 AM
 #2121

I strongly agree with the idea of bitcoin bank, because with iru we are not too difficult to store bitcoin or to attract bitcoin wherever we are
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September 19, 2017, 07:17:59 AM
 #2122

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.

Having a bitcoin-bank defeats the purpose of coin-based wallets since the only reason on why you keep your coins is by letting time and bitcoin's volatility earn you money in the long-run. Also, the existence of these banks make it very inconvenient for users who want to withdraw their bitcoins due to various processes and regulations needed to comply with the banks. Lastly, bitcoins cannot be regulated due to its decentralized nature and the presence of transaction fees with banks only puts the individual to a disadvantage state where they can potentially lose money instead of earning one.

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September 21, 2017, 04:48:43 AM
 #2123

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
While I also disagree with the idea of a bitcoin bank I think we are going to see many attempts at it from banks especially if bitcoin becomes really successful and while most members of this forum are not going to fall for it many people that do not understand the real purpose of bitcoin are going to support such a thing.

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September 21, 2017, 05:02:56 AM
 #2124

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
While I also disagree with the idea of a bitcoin bank I think we are going to see many attempts at it from banks especially if bitcoin becomes really successful and while most members of this forum are not going to fall for it many people that do not understand the real purpose of bitcoin are going to support such a thing.

Your understanding will fade slightly if it turns out bitcoin banks are done by Blockchain, Coinbase, and many companies are already popular with bitcoin wallets. Creating a physical bank does not mean they will arrogantly organize all user data, but it serves as a real-world business existence, system and data processing will remain the same and what differentiates it from government tax. Bitcoin is necessary to create a bank.



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September 21, 2017, 05:19:11 AM
 #2125

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
While I also disagree with the idea of a bitcoin bank I think we are going to see many attempts at it from banks especially if bitcoin becomes really successful and while most members of this forum are not going to fall for it many people that do not understand the real purpose of bitcoin are going to support such a thing.

Your understanding will fade slightly if it turns out bitcoin banks are done by Blockchain, Coinbase, and many companies are already popular with bitcoin wallets. Creating a physical bank does not mean they will arrogantly organize all user data, but it serves as a real-world business existence, system and data processing will remain the same and what differentiates it from government tax. Bitcoin is necessary to create a bank.

I agree with your idea even we have some way now when withdrawing it but in think that this will be much profitable if there could be a butcoin bank.

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September 21, 2017, 05:23:22 AM
 #2126

As bitcoin is decentralized, people can do whatever they want with it. I would not be shocked if in the future, besides ATMs, there are physical bitcoin banks that deal exclusively or almost exclusively with the cryptocurrency. What will determine this is popular demand. Yes, currently there are online banks and exchanges, but for physical ones there will have to be more mass adoption.


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September 21, 2017, 05:30:40 AM
 #2127

actually it's good if there is a bitcoin bank, but there only in particular to store our wallet hardware, which we use as a savings for Bitcoin ..

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September 21, 2017, 05:35:59 AM
 #2128

if I still agree to agree that if the bank can improve the quality and security
in bitcoin transactions because I believe bitcoin is the currency of the future

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September 21, 2017, 05:40:47 AM
 #2129

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.
No, bitcoin is a crypto currency and it should not be controlled by the bank.

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September 21, 2017, 06:49:38 AM
 #2130

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.
No, bitcoin is a crypto currency and it should not be controlled by the bank.
They can't control the bank but they can regulate exchanges, our option to cash out bitcoin is to convert in exchanges and it's our bank
actually, if we do not want to be controlled then we just hold it. As bitcoin is getting more and more popular, regulations will be more strict to ensure
laws are not broken and the interest of the government will be protected.

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September 21, 2017, 07:01:59 AM
 #2131

i agree Bitcoin bank is a good idea , with Bitcoin Bank created , Bitcoin will going to public ,.
I think there will be no link of bitcoin and bank, if so then I think people will not interested in bitcoin, because they have already the facility of bank. If I want change in my life, I will definitely prefer to bitcoin, because I need a currency which will be accepted throughout the world.

So that I shall not exchange my local money to buy something outside my home country, and through bank I will have to pay exchange charges.

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September 21, 2017, 08:06:48 AM
 #2132

NO because bitcoin make us free from normal bank system so that we talk  about back to bank  it will be so wrong idea
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September 23, 2017, 10:54:48 AM
 #2133

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
I am also not sure that a bit coin based bank would be established as bit coin is free from several limitations like in banks different types of taxes are implemented on your own money while in case of bit coin you are a free customer and you will get the profit of you investment according to your efforts and struggle so I also don’t think like.
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September 23, 2017, 11:02:36 AM
 #2134

i dont think banks for bitcoin because we have our wallet for safe keeping.

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September 23, 2017, 09:19:11 PM
 #2135

I gues i agree
For more secure

Such banks will not give greater security to your crypto currency than the blockchain system. But banks will take additional services from you. I am against such banks

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September 23, 2017, 09:22:42 PM
 #2136


I agree with what you say, I think just like you. what can they handle with the risks involved? obviously this does not make sense to me.

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September 23, 2017, 09:25:47 PM
 #2137

I gues i agree
For more secure

Such banks will not give greater security to your crypto currency than the blockchain system. But banks will take additional services from you. I am against such banks

agree and disagree. on the one hand, if you dont have the keys then they arent your coins. hell, if someone else is sharing the keys they arent completely yours anymore. so as an old head, im not to keen about any type of "hosted" wallet solution. but on the other hand, the average person's cyber security is absolute shit. people have no idea how much information they leak due to poor "hygiene". social media records, weak passwords are all vectors for attack. enterprise grade security is magnitudes more robust than this, but its centralized so you arrive back at the initial problems.

its a devil either way, but since institutions have civil liability, I think I would go with a hosted wallet on this one. if they can offer the value added services that real banks offer, without all the fees, im all ears.
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September 23, 2017, 09:46:59 PM
 #2138

In my opinion bitcoin bank is against decentralizing. what will be the difference between bitcoin bank and an ordinary bank?

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September 23, 2017, 09:55:16 PM
 #2139

In my opinion bitcoin bank is against decentralizing. what will be the difference between bitcoin bank and an ordinary bank?

Esssentially, bitcoin banks are proposing the same services that normal banks would offer pretty much. loans, money storage, and the purchase of debt. the difference is in the fees, and the rates of return. using a blockchain means a free, built in ledger/database. this greatly reduces operational costs, and the subsequent fees that would be passed along to the customer. add to that the volatility that bitcoin brings, and investments managed by professionals should offer rates of return superior to what we see in the alt markets. but that superior return would be tied to superior risk, like always. so you cant really guarantee the enhanced returns, but you really could get the operational fees down to nil, and still turn a decent profit.

my only problem with bitcoin denominated banks is centralization. its like you just cant get some benefits without dealing with a centralized service Sad
Adykingcity
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September 23, 2017, 09:57:40 PM
 #2140

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.
So who will hold the bitcoin bank, satoshi nakamoto is just a pseudonym, and who will manage the bank?
But it would be nice if bitcoin really has a bank
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